Request Network (REQ), a decentralized network for peer-to-peer and corporate transactions, announced today that it has joined the Enterprise Ethereum Alliance (EEA), the world’s largest open source blockchain initiative.
— Request Network (@RequestNetwork) July 4, 2018
According to the announcement, the Request Network Foundation team plans to work directly with experts through the EEA to develop an interoperable standard for blockchain financial transactions. This work is ultimately directed towards developing a system for fully-compliant financial flows with non-traditional currencies.
In a statement accompanying the announcement, Christophe Fonteneau, Head of Strategic Partnerships from the Request Network Foundation, detailed the benefits of working with the EEA to build
We are excited to join the EEA. 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.
According to the project’s roadmap, Request Network hopes to become the top payment platform across multiple industries. Of particular interest is their focus on next-generation platforms, like virtual reality and cryptocurrency tax payment systems.
More On Request Network
Request Network (REQ) is a decentralized network that allows anyone to request a payment for which the recipient can pay in a secure way and all information is stored in a decentralized ledger. Request Network’s code is open source, fully auditable, and allows developers to build their own financial applications. Through a growing number of partnerships with financial institutions like PwC and an investment fund of $30M designed to fund developers building on their network, Request Network aims to become the premier platform for both peer-to-peer payments and business invoicing. (more).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.