Hanwha Systems has become a member of the Enterprise Ethereum Alliance (EEA), which is the industry’s first global standards organization to deliver an open, standards-based architecture and specification to accelerate the adoption of Enterprise Ethereum.
Hanwha became South Korea’s third company to join the alliance as its member. Such multinationals as Microsoft, Intel, JP Morgan, and other 500 companies are members of the alliance. The alliance was established to use Ethereum for developing a corporate-type blockchain solution and business model.

The EEA’s world-class Enterprise Ethereum Client Specification and future testing and certification programs will ensure interoperability, multiple vendors of choice and lower costs for its members, the alliance said.

South Korea’s conglomerate said the group had established its Ethereum-based blockchain platform, which it plans to use in its financial subsidiaries. Hanwha has adopted blockchain as its core business area.