Enterprise Ethereum Alliance Targets Greater Interoperability, Releases New Set of Specs

2018-10-30 14:45

CoinSpeaker
Enterprise Ethereum Alliance Targets Greater Interoperability, Releases New Set of Specs

According to the latest news coming from DevCon4, which was held in Prague on Monday, October 29, the Ethereum Enterprise Alliance (EEA), the global standards organization driving the adoption of Enterprise Ethereum, has officially released a new set of specifications in order to provide new standards for developers using private versions of the second-largest blockchain.

The Enterprise Ethereum Client Specification V2 document can already be found on the official website. This specification represents itself a set of common standards, which ensure that Ethereum developers will write code that motivates enterprise customers to select EEA specification-based solutions over proprietary offerings.

According to EEA executive director Ron Resnick:

“Using the EEA Specification, Ethereum developers can write code that enables interoperability, thus motivating enterprise customers to select EEA specification-based solutions over proprietary offerings. With the EEA Enterprise Ethereum Client Specification V2, enterprises and startups can develop interoperable offerings, from low-to high-end based, enabling enterprises and startups to easily mix and match applications cost-effectively, even as their needs change over time.”

Apart from the one mentioned above, the EEA has also released another document – the Off-Chain Trusted Compute Specification Version 0.5. It is a set of application programming interfaces (APIs) that can move data from the blockchain to some off-ledger trusted environment, or from external sources known as oracles to the blockchain.

This specification removes certain computation services for jobs that would take too long to run on-chain. This might include heavyweight privacy tech like zero-knowledge proofs or multi-party computation.

As Tom Willis, director at Intel’s Open Source Technology Center, stated:

“Trusted compute is a fundamental technology to take enterprise blockchain use to the next level, and the specification’s Trusted Compute APIs make it easier.”

The EEA aims to expand its set of standards by adding new firms from various industries to its list of member organizations, which currently includes 500 members. According to the recent announcement, the EEA has just welcomed Smart Valor, a blockchain company that bridges the gap between asset issuers and investors from around the globe, to its global alliance.

As Smart Valor commented:

“We’re delighted to join blockchain’s most important association for enterprises, alongside the likes of Accenture, JPMorgan, Santander Bank, and Microsoft. Not only do we see this as a key milestone for our team as we continue to build our VALOR Platform, but we’re also thrilled to be recognized by the EEA as a legitimate and valuable contributor.”

Earlier in October, the EEA teamed up with another largest blockchain community Hyperledger, Linux Foundation’s project for open-source blockchain platform. The partnership aims to accelerate adoption of blockchain technologies for business.

Enterprise Ethereum Alliance Targets Greater Interoperability, Releases New Set of Specs

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ethereum set alliance new enterprise specs releases

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