The Enterprise Ethereum Alliance (EEA) that connects fortune 500 enterprises, startups academics and technology vendors with Ethereum subject matter experts, has announced the addition of 86 new companies to its membership.

The newly added members of EEA include Adapt Forward, Alchemy Limited, AlphaPoint, CareChain, ConsenLabs, Deloitte, The Depository Trust & Clearing Corporation (DTCC), Rabobank, Samsung SDS, State Street, Infosys, Gem, Hijro, Mitsubishi UFJ Financial Group, San Francisco Stock Exchange, Smart Contract Japan, among others.

“The enthusiasm around EEA is remarkable. Our new members come from varying industries such as pharma, mobile, banking, automotive, management consulting, and hardware as well as the startup community driving innovation. It’s great to see everyone come together and build the next generation of our economy on Ethereum blockchain solutions,” Julio Faura, chairman of EEA and head of blockchain R&D at Santander, expressed.

Formed earlier this year, EEA is seeking to push Ethereum in a move that it can serve as an enterprise-grade technology. The new members will join the research and development of EEA that is focused on privacy, confidentiality, scalability and security.

The new collaborative framework will enable mass adoption at a depth and breadth that is not possible in individual corporate silos. EEA aims to collectively develop industry standards as well as facilitate open source collaboration with its member base.

“We have been investing on the Ethereum platform for a while. We are excited to actively contribute to the Enterprise Ethereum Alliance and drive blockchain adoption globally,” Eric Piscini, Global Blockchain Financial Services Leader, Deloitte, stated.

EEA is comprised of most advanced startup blockchain innovators and enterprises, and is designed to create, promote and support Ethereum-based technology innovations, best practices, standards and a reference architecture, EntEth 1.0. The alliance stated that there are more companies to come aboard with the new additions, which is expected to be announced in the upcoming months.