Conduent, a U.S.-based digital solutions provider, has joined the open source blockchain initiative Enterprise Ethereum Alliance (EEA).

EEA is a leading blockchain initiative with over 400 member organisations including the likes of Microsoft, J.P. Morgan, Cisco Systems, Deloitte, Thomson Reuters and others. It aims to build, promote and support Ethereum-based technology best practices, open standards and open-source reference architectures.

With its membership, the company will work together with the consortium members in pursuit of Ethereum-based enterprise technology best practices, open standards, and open-source reference architectures.

Conduent works with a number of Fortune 100 companies and government agencies across the globe. It said that Ethereum, a decentralized platform for applications that run exactly as programmed without risk of breach, provides an opportunity to strengthen its digital platforms.

"Blockchain promises to drastically transform digitized business processes – making them more efficient, agile, secure and transparent," said Carol Kline, Chief Information Officer, Conduent. "Distributed ledger and blockchain technologies can address a number of pain points for our clients, such as reducing fraud in claims management, computing accurate payments and simplifying data sharing in the public sector. We are committed to learning from and building upon industry standards through our EEA membership."