Until today, every private or permission implementation of Ethereum was a little different. Public Ethereum has a proof-of-work consensus mechanism and lacks the privacy needed by businesses. Hence Ethereum clones are usually adapted in many ways for business use cases. These are versions of Ethereum that are not on the Ethereum MainNet.
For 18 months the Enterprise Ethereum Alliance (EEA) has been working on a set of standards. Recently the EEA released a
stack diagram. Today they released the specification of a standard Enterprise version of Ethereum. In other words a standard set of changes that businesses need to make to the code, network and ecosystem so that Ethereum is appropriate for business.
A few weeks ago, Jeremy Millar, an EEA board member, spoke convincingly about the
need for standards to ensure interoperability.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
