APT Systems, Inc. (OTC PINK: APTY), a fully reporting company in the Fintech software sector, initiated a submission to the Enterprise Ethereum Alliance for membership.
Now the world’s largest open source Blockchain initiative, the Enterprise Ethereum Alliance claims 150 partners as Blockchain expands its impact on future of commerce, with companies such as Microsoft and BNY Mellon bringing more attention to ledger technology.
Formed in 2017, Enterprise Ethereum Alliance (EEA) has become the world’s largest open source blockchain initiative, with more than 150 companies including Cisco, Mastercard, and Scotiabank joining in the last seven months.
EEA aims to connect Fortune 500 companies, start-ups, academics and tech vendors with Blockchain subject matter experts. Enterprise Ethereum Alliance’s members represent a wide range of business sectors, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing and insurance, according to its press release. The release mentions the group is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.
For those unfamiliar, Blockchain is the technology that allows Bitcoin, Ethereum and other digital currencies to be openly traded, anonymous, and secure. It is a master ledger or database of all transactions. This ledger contains metadata about when and how each transaction occurred, which is open to all members of a given network, and is cryptographically secured to prevent tampering.
Ethereum is a decentralized platform that runs smart contracts: Applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom-built Blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. Ethereum (ETH) has a current price of roughly $300.00 USD with a market capitalization of $28,000,000,000
About APT Systems, Inc.:
APT is an acronym for Applied Proprietary Trading. The Management of APT Systems, Inc. works to deliver stock trading tools and its platform Intuitrader with a focus on handheld devices; while also strategically acquiring other compatible financial businesses which demonstrate strong growth potential. We are continuing our diligent search for software products that would enhance our operations while still watching dialogue on the proposed legislation for the Fintech National Banking Charter.