Request network foundation has announced that it has joined the enterprise ethereum alliance (EEA) network. As our readers are aware Request network is a decentralized network built atop ethereum blockchain where users can request payments. This functionality has a lot of promising use cases, for instance, accepting recurring payments, paying taxes, invoicing and even in the IoT realm all without involving third parties.
— Request Network (@RequestNetwork) July 4, 2018
As per the announcement,Request Network Foundation will collaborate with industry leaders in pursuit of ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. This alliance is strategic for request network as the network relies on incorporating various payment network in the blockchain space to its own network, such that it can include all financial flows made with non-traditional currencies while staying compliant with accounting, auditing, and tax regulations.
According to Christophe Fonteneau, Head of Strategic Partnerships from the Request Network Foundation.
“The EEA offers us the ability to work with leaders in the financial industry to address specific, enterprise-based use cases. We look forward to helping define the building blocks needed to drive the Web 3.0 era of decentralized, connective intelligence.”
About Enterprise Ethereum Alliance
The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. The aim is to learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business.