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Wanchain Joins Enterprise Ethereum Alliance - Wanchain News, WAN Price Chart and Analysis. Friday, August 31st

31 august 2018, 20:46 by Vergil Younge

Wanchain News

Wanchain Joins Enterprise Ethereum Alliance

A new announcement has been made by Wanchain team, as the project has now officially joined the Enterprise Ethereum Alliance (EEA), which aims to "deliver an open, standards-based architecture and specification to accelerate the adoption of Enterprise Ethereum." It is worth noting that they cooperate with such brands and companies like BP, ING, J.P Morgan, or Microsoft just to name a few.

The Vice President of Wanchain, Oliver Birch didn't hide the enthusiasm of the collaboration, "We are very happy to be a member of the EEA." It is then explained that as a member of the EEA, Wanchain will be directly cooperating with various industry leaders all around the world in order to achieve the general world-wide adaptation of blockchain technology. They will be working on bringing the best practices to enterprise technology, open standards, and open-source reference architectures. "The Alliance allows us the ability to work with industry leaders to address specific use cases. We look forward to helping the community by connecting the world's digital assets"

Wanchain can be especially beneficial in the process of mainstream adaptation of cryptocurrencies, as they focus on creating technology to easily swap between various assets, even when they are stored on separate blockchains. This opens up opportunities for projects, which would like to introduce features from for example both Bitcoin and Ethereum.

WAN Price

WAN Price Movement

During last few days, most of the price movements done by Wanchain are closely related with the directions taken by top cryptocurrencies such as Bitcoin or Ethereum. It is especially seen during the lower prices on August 30th, when a small negative price change in top coins affected the altcoins quite severely. However, WAN managed to recover quite quickly and is already trading around the same region as in last 2-3 days. The period around August 28th seemed to be a very stable time for WAN token, as the price stayed around $1.30 with few notable fluctuations and spikes. The top was achieved at $1.41.

WAN/USD Price Chart, Friday August 31st:

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