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New Set Of Standards Introduced By Enterprise Ethereum Alliance

14:48 30/10/2018

The Enterprise Ethereum Alliance (EEA) introduced new specifications, which are standards for developers who use private iterations of the Ethereum network, Cointelegraph reports.

 

The release of Enterprise Ethereum Specification V2 along with Off-Chain Trusted Compute Specification V0.5 was announced by EEA as part of DevCon4 event (Prague).

 

The first specifications represent the improvement of general norms aimed at ensuring “[endeavors of] enterprise customers to select the EEA specification-based solutions over proprietary offerings” when developers create a code. They will mean that the product has passed third-party verification in order to be sold as compatible with the EEA.

 

The second ones are a set of APIs that allow the withdrawal of transactions outside the Ethereum network to perform operations at some other place and then return processed results to blockchain. When withdrawing transactions, developers use different types of their protection.

 

The head of the EEA Ron Resnick stated, "Enterprises can choose whichever trusted compute methods work best for their use case, whether it is for supply chains, banks, retail, or other large enterprise-based ecosystems".

 

The EEA seeks to expand the norms so that more organizations use them, now there are more than 500. According to Resnick, the standards can later be used in the automotive and railway industry, healthcare, and the fight against piracy in show business.

 

In early October, the EEA reported about a partnership with the Hyperledger Project to develop universal standards for corporate blockchain systems. Wherein each company became part of the other as an associate member. This decision will help speed up the process of implementing the distributed ledger technology in the business.

 

In September, Vlad Zamfir, an Ethereum developer, stated that the sharding technology for the Ethereum network is at the stage of proof of concept. An experimental version of the solution was presented during the ETHBerlin hackathon. Besides, Vlad Zamfir published the rules of conduct for the Ethereum ecosystem participants.

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