For Immediate Release — Monday, April 23rd, 2018 — NuCypher, a Y Combinator and Polychain Capital backed data security company based in San Francisco, announced that it has joined the Enterprise Ethereum Alliance (EEA), the world’s largest open source blockchain initiative.

As a member of the EEA, NuCypher will collaborate with industry leaders in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. NuCypher’s Decentralized Key Management Service provides state-of-the-art encryption and access control functionality for distributed applications (dApps) built on the Ethereum blockchain. It provides a large suite of security features enabling developers to customize the level of protection to match the security and privacy needs of their applications.

“We see the EEA as a natural fit for NuCypher.” says NuCypher’s CEO, MacLane Wilkison. “NuCypher’s utility is applicable for decentralised and centralised Enterprise Organisations. We look forward to working alongside the EEA and its current partners to provide education on data security and scalability.”

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, pharmaceuticals, marketing, and insurance. The EEA’s industry-focused, member-driven working groups are each tasked with creating and delivering specific advancements to the development and use of Ethereum-based technologies.

About The Enterprise Ethereum Alliance

The EEA is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures. The EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. The EEA is also investigating hybrid architectures that span both permissioned and public Ethereum networks as well as industry-specific application layer working groups.

EEA will collectively develop open industry standards and facilitate collaboration with its member base and is open to any members of the Ethereum community who wish to participate. This open-source framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos and provide insight into the future of scalability, privacy, and confidentiality of the public Ethereum permissionless network. For additional information about joining EEA, please reach out to membership@entethalliance.org or visit www.entethalliance.org.

About NuCypher

NuCypher is a data privacy layer for blockchain and decentralized applications that enables developers to store, share, and manage private data on public blockchains. Its decentralized key management systems uses proxy re-encryption to enforce cryptographic access controls for decentralized applications. Proxy re-encryption is a more scalable form of public key encryption (PKE) that scales to provide a one-to-many data sharing pattern. NuCypher’s security layer allows stored data records to remain private, confidential, and encrypted while maintaining the ability to share these data records with trusted parties. Whether sharing data with departments, partners, vendors, customers, or regulators, NuCypher gives the data owner full control. For more information please reach out to ryan@nucypher.com or visit www.nucypher.com.

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