Ethereum (ETH) has quietly trended sideways over the past week. The market cap now stands at $84.27 billion, with US$980 million traded on exchanges in the past 24 hours. The Ethereum Enterprise Alliance (EEA), which aims to nurture and enable further Ethereum based technologies, recently announced 83 new members.

The Enterprise Ethereum Alliance is a non-profit corporation that connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. While the name Enterprise Ethereum Alliance is a trademark of the Ethereum Foundation, it does not create a partnership, agency, sponsorship, endorsement or any other similar relationship between the Enterprise Ethereum Alliance and the Ethereum Foundation.

Porsche has also been testing the Ethereum blockchain, in collaboration with XAIN, a Berlin-based start-up. XAIN won the first “Porsche Innovation Contest” on the subject of blockchain in the summer of last year, beating over 100 other applicants in the process.

Following the contest, interdisciplinary teams from across Porsche worked in collaboration with XAIN over the course of three months to develop and test applications. Blockchain was introduced into the Porsche Panamera using an energy-efficient mining process from XAIN.

In addition, Porsche is currently working on further applications for the technology, including in the areas of charging and parking. However, transactions per day and transaction fees are both down sharply after peaking in late December and early January. Read more from…

thumbnail courtesy of