Enterprise Ethereum Alliance Unveils Common Blockchain Standards

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The Enterprise Ethereum Alliance announced the release of a common technical spec on Wednesday, meeting a pledge the group made under a month ago at an event in London. Enterprise Ethereum Customer Specification 1.0, published throughout CoinDesk’s Consensus 2018 conference in NY, comes weeks after Jeremy Millar, a founding board member of the 500 plus member band, talked about the value of common standards like a means to connect development efforts throughout the enterprise concentrated, ethereum based initiative. It is an important moment for the team, which started at the beginning of last year with backing from major corporates like British oil giant BP, Wall Street bank JPMorgan Chase and Microsoft, along with stakeholders from the blockchain work like ethereum startup studio ConsenSys, Nuco and BlockApps, among others.

CoinDesk first reported on the team’s work in January 2017. In statements, reps from the initiative framed it as the consequence of a months long collaborative effort between different stakeholders and one that widens access to the computer software. Ron Resnick, Executive Director of the EEA, stated of the release: The EEA’s Enterprise Ethereum Specification is the consequence 18 months of intensive cooperation between leading enterprises, technologies and platform members within our specialized committee. This EEA open source, cross platform framework will enable the mass adoption in a depth and width otherwise unachievable in individual company silos.

Indeed, Resnick talked about work during the recent meeting with CoinDesk, pointing to the procedure one aimed at connecting the various applications customers developed by group members. Each of the ethereum client businesses see the need to agree on these building blocks and components and the way they talk to one another, because if we do not, then we do not have a means to compete from the proprietary solutions, he explained at the time. Code picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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