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HPE has joined the Enterprise Ethereum Alliance

Curt_Hopkins

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By Curt Hopkins, Managing Editor, Hewlett Packard Labs

Today, as the Sibos international banking conference in Toronto takes place, Hewlett Packard Enterprise announced that it is joining the Enterprise Ethereum Alliance.

Joining this industry-leading blockchain organization will allow HPE not simply to keep current with latest efforts in making this influential open ledger platform enterprise ready, but also to lend 80 years of expertise and experience to the effort.

Ethereum is the second-largest cryptocurrency after Bitcoin and the largest focused on the enterprise, with a built-in smart contract function valuable to enterprise users. Ethereum currently has about 95 million “ether tokens” in circulation. At their current rate of just over $290 per token, the currency carries an overall value of $27.6 billion.

A commitment to the alliance will give HPE agency to influence the manner in which both large companies and innovative start-ups adopt Ethereum while allowing the company to learn from a broad spectrum of industry actors.

“Our strategy has always been one of suporting multiple blockchain platform,” said Sandeep Panda, worldwide strategy lead for blockchain at HPE. “We make blockchain enterprise ready, so the alliance was a natural fit for us.”

Joining the EEA will allow HPE “to effectively leverage the best architecture in the market in order to help our customers address their business needs,” according to Markus Ogurek of HPE’s global financial services and insurance industry. “We see the Enterprise Ethereum Alliance as a platform that will serve multiple purposes.” 

Among the strengths of HPE, Ogurek said, is its “heritage to engineer the best tech platforms on the planet” but the company is now combining that tradition with a strategy to put in place the most relevant and effective technical partnerships. Joining the EEA allows HPE to leverage its experience to drive Ethereum forward while simultaneously partnering with the smartest users of that platform.

“We don’t want to just make this platform real,” said Ogurek, “but also elevate it to the next level of security and performance,” an area in which HPE is an acknowledged leader. “How can we create a system for enterprise blockchain that will scale and perform at a level where blockchain can be utilized simply and effectively in today’s business environment?” he asked.

Finally, of course, there is The Machine and Memory-Driven Computing. The speed and capacity of this new computing architecture may prove valuable to the efficacy of enterprise blockchain.

As blockchain continues to grow and scale, the ability to store and retrieve data for every transaction will create a performance bottleneck throughout the network. Hosting blockchain ledger data, keys, and digital assets on memory could lower latency in transaction processing by orders of magnitude. This will also enable platforms to take advantage of a new tier of Non-Volatile Memory technologies by such providers as Micron, Samsung, and SKHynix.

The HPE team will be in attendance at Sibos through the 19th, fielding blockchain questions and speaking to clients and partners about the Enterprise Ethereum Alliance.

About the Author

Curt_Hopkins

Managing Editor, Hewlett Packard Labs

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