Common Ethereum-based Standards Revealed At The Concensus 2018 Conference

Enterprise Ethereum Alliance

The EEA has announced the release of Enterprise Ethereum Client Specification 1.0, designed to provide a “single, open-source, cross-platform standards-based structure to global corporate Ethereum developers. The protocol can promote higher trust in contracts, help accelerate business transactions as well as build more efficient business models.

The specification was unveiled at CoinDesk’s Consensus 2018 conference in New York. The announcement was an important moment for the group who led the move to come up with a common standard bridging developmental efforts across the enterprise-focused, ethereum-based activities.

The initiative was “started” last year with support coming from major corporates like British oil giant BP, Wall Street bank JPMorgan Chase and Microsoft.

Ron Resnick, EEA executive director, said:

“The EEA’s Enterprise Ethereum Specification is the result of 18 months of intense collaboration between leading enterprise, technology and platform members within our technical committee. This EEA open-source, cross-platform framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos.”

Also, Resnick stated in an interview with CoinDesk, “All the ethereum client companies see the need to agree on these building blocks and components and how they talk to each other, because if we don’t, then we don’t have a way to compete against the proprietary solutions,” he said at the time.

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