EY joins Enterprise Ethereum Alliance board to advance Ethereum commercial readiness

WAKEFIELD, Mass.–(BUSINESS WIRE)–The Enterprise Ethereum Alliance (EEA) today announced the advancement of longtime EEA member Ernst & Young (EY) to the Board of Directors, the highest level of the organization. Additionally, EEA announced that EY’s global blockchain leader, Paul Brody, will act as a representative of the company’s EEA Board of Directors, helping to shape the vision of organization, driving member engagement, and creating new advocacy, career, and education initiatives to advance the Ethereum business ecosystem.

  • Join Paul Brody and EEA leadership at Devcon (October 11-14, 2022) in Bogotá, Colombia to explore how Ethereum can be used to generate value, accelerate settlement times, increase transparency and decentralize the trade in all industrial sectors:

EY and Brody join the board, which includes representatives from EEA member companies including Accenture, Banco Santander, BlockApps, ConsenSys, Ethereum Foundation, JP Morgan, Microsoft, Open Foundation and Palm NFT Studio. As a consulting firm that partners with global enterprises on blockchain solutions that support the full business lifecycle, from procurement, ordering, fulfillment and from billing to payments, EY’s expertise will be key to the EEA Board and member community.

“It’s an exciting time for businesses building on Ethereum, with The Merge providing a path for businesses to deploy decentralized solutions on Ethereum’s now energy-efficient Mainnet. Thanks to the combined expertise of EY as a business leader in the Ethereum ecosystem and as a long-time member of the EEA, the EEA and its members can expect to benefit greatly from EY’s membership at the board level. Paul’s expertise in understanding enterprise readiness and deploying enterprise-grade distributed ledger financial services solutions will be critical to AEE’s efforts to help enterprises deploy on the mainnet. Ethereum and understand Ethereum technology and its trading derivatives,” said AEE Executive Director Dan Burnett.

From acquiring information to managing tax and auditing requirements for Ethereum blockchain-based transactions, EY helps companies navigate the regulatory and tax complexities of an emerging ecosystem. New EEA Board representative Paul Brody was the first to lead EY’s strategic blockchain engagement, working to determine how digital services and payments come together in the new digital world. Under his blockchain leadership, EY became the first Big 4 company to engage in public blockchain. EY’s global blockchain solutions platforms, including EY OpsChain and EY Blockchain Analyzer, enable businesses to harness the power of blockchain, increase efficiency and reduce transaction costs. Both are delivered through EY’s SaaS platform blockchain.ey.com and aim to address the ecosystem’s most pressing issues – privacy, security and regulatory compliance.

“EY is focused on the Ethereum ecosystem for many reasons; more importantly, it is backed by strong organizations such as the AEE and the Ethereum Foundation. It is with great enthusiasm that I join the EEA Board of Directors, and I look forward to collaborating on the continuation of Ethereum’s commercial roadmap. The AEE helps do the important work of ensuring companies understand Ethereum’s commercial readiness, and here at EY, we are passionate about this aspect of Ethereum. We are excited to work with the EEA to advance how businesses of all sizes unlock the potential of Ethereum,” said Brody, who is an interviewee in the 2022 Ethereum Business Readiness Report. of the AEE.

About EY

EY exists to build a better world of work, helping to create long-term value for customers, people and society and to build confidence in capital markets.

Enabled by data and technology, diverse EY teams in more than 150 countries deliver trust through assurance and help clients grow, transform and operate.

Working across insurance, advisory, legal, strategy, tax and transactional areas, EY teams ask better questions to find new answers to the complex issues facing our world today. today.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information on how EY collects and uses personal data and a description of the rights of individuals under data protection legislation are available at ey.com/privacy. EY member firms do not practice law where local law prohibits it. For more information about our organization, please visit ey.com.

About the EEA

The Enterprise Ethereum Alliance (EEA) enables organizations to adopt and use Ethereum technology in their daily business operations. The EEA enables the Ethereum ecosystem to develop new business opportunities, drive industry adoption, learn, and collaborate. EEA Community Projects provide a hub for open source development of code, APIs, standards, and reference implementations. To learn more about EEA membership, contact [email protected] or visit https://entethalliance.org/become-a-member/.

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