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Enterprise Ethereum Alliance releases specification

Ethereum ether

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.

EEA Executive Director Ron Resnick said: “This EEA open-source, cross-platform framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos. With over 500 organizations as members, we anticipate great things in 2018 as EEA members work with the global development community to build, test and certify solutions to grow the ecosystem.”