Request Network (REQ), a decentralized network for peer-to-peer and corporate transactions, has announced that it has joined the Enterprise Ethereum Alliance (EEA), the world’s largest open source blockchain initiative.
The Request Network [REQ] allows developers to augment their own financial applications and anyone can use it to request payments. These transactions are made in a secure way with all the information stored in a decentralized ledger.
The EEA is a not-for-profit built to customize Ethereum for industry players. It aims to build software that is proficient in handling the most complex applications.
The Request Network Foundation team plans to work directly with experts through the EEA to develop an interoperable standard for blockchain financial transactions. This is aimed to be directed towards developing a system for fully-compliant financial flows with non-traditional currencies.
Along with the announcement came a statement from Christophe Fonteneau, Head of Strategic Partnerships from REQ. He said:
“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 need 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.
The Request Network Foundation joins a number of established financial institutions and companies in the EEA, including CME Group, Cisco, and Intel.
More about 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.
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