JP Morgan, British Petroleum and Banco Santander are on the list of possible participants of the new blockchain group Enterprise Ethereum.

According to CoinMarketCap, ether gained more than 6% today. The leading ether-trading exchange Poloniex claims the digital currency has added 5.83% reaching $12.85.

On 9 January, Chief of Staff at ConsenSys Jeremy Miller announced the creation of a new consortium aiming to explore new ways of Ethereum application for major business players.

“By banding together the key adopters, supporters and shapers of enterprise usage of Ethereum, we are seeking to provide a platform not only for the technology, but also to provide the governance and tools to create a standard for ‘Enterprise Ethereum’. Enterprise Ethereum will build upon the current Ethereum scaling roadmap and maintain compatibility and interoperability with public Ethereum,” Miller wrote on Medium.

On 13 February, CoinDesk published a list of possible consortium members including JP Morgan, CME Group, BNY Mellon, Banco Santander, Microsoft, Red Hat, Cisco, Wipro and British Petroleum. So far, none of the companies mentioned has officially confirmed their participation in the initiative. CoinFox has tried to reach Microsoft Russia but the company was unavailable for comment.

The high expectations about the consortium may be one of the reasons behind the sudden hike in Ethereum price.

The creation of Enterprise Ethereum followed several important events in the history of the decentralised platform. Last November, Ethereum underwent the fourth hard fork in a row aimed to curb a wave of DDOS attacks on the system. Early in 2017, the Ethereum team announced the new micropayment processing solution Raiden similar to bitcoin’s Lightning Network. One of the developers claimed that the network may go live as early as the first quarter of 2017.

Roman Korizky