The Enterprise Ethereum Alliance has set up a regional office in China to support its members there. The EEA started in 2017 and promotes Ethereum-based blockchain technology for business use worldwi
The Enterprise Ethereum Alliance has set up a regional office in China to support its members there.
The EEA started in 2017 and promotes Ethereum-based blockchain technology for business use worldwide. It aims to "develop open, blockchain specifications that drive harmonization and interoperability for businesses and consumers worldwide." The organization counts more than 385 member companies and over 1,650 individual members. Microsoft, Accenture, ConsenSys, CME Group, Santander, and JP Morgan sit on its board.
The China office marks the latest in a series of regional expansions. Japan and South Korea already host EEA regional operations. The organization wants to accelerate adoption of its standards and certification programs in the enterprise sector.
Dr. Weijia Zhang, vice president of engineering at Wanchain, will lead the China regional office. He will support the advancement and adoption of EEA standards by organizing hackathons, workshops, training sessions, and conferences for China-based members.
"For each office, we identify an accomplished individual who is passionate about blockchain for the benefit of everyone," said Ron Resnick, executive director of the EEA. "Zhang's blockchain expertise and leadership will help to accelerate blockchain adoption in China and support activities of EEA's growing member base."
Zhang brings substantial experience to the position. He authored more than thirty research and technical papers and holds over twenty patents, granted and pending, in computer and digital technology. His work spans R&D, engineering, blockchain, cognitive sciences, computational fluid dynamics, software modeling, and industrial standards. He spent more than a decade as a principal software engineer at Dell.
"There has never been a more challenging and exciting time to be in blockchain technology," Zhang said. "The progress we are seeing across the industry is very promising, and the EEA's leadership around blockchain standardization and adoption are paramount. I look forward to working with the EEA in China to aid in bringing value to enterprises by utilizing EEA standards, working groups, and resources."
The EEA plans to launch a token task force this year. The group will develop specification standards for both fungible ERC-20 tokens and non-fungible ERC-721 tokens that run on Ethereum and private blockchains built on it.
Resnick explained the goal: "We want to create a token specification standard for enterprise tokenization so basically [assets] can be managed in a much better way with more assurance than what's happening today."
