Wealth management fintech company Avaloq has joined the world's largest open source blockchain initiative.

As a member of the Enterprise Ethereum Alliance (EEA), Avaloq will collaborate with industry leaders in pursuit of ethereum-based enterprise technology best practices, open standards, and open-source reference architectures in order to develop new innovative banking use cases leveraging the Ethereum technology.

With more than 400 member companies, the EEA membership base represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharm...