Enterprise Ethereum Architecture Stack Released By EEA

Announcements, Blockchain | May 3, 2018 By:

The Enterprise Ethereum Alliance (EEA) has released its Enterprise Ethereum Architecture Stack (EEAS), which standardizes the specifications for ethereum-based business applications for the Web 3.0 era.

Formed in February 2017 by JP Morgan, Santander, and a number of other founders, EEA has grown to over 500 members this year. It is seeking to evolve ethereum so that it can serve as an enterprise-grade technology. EEA is also investigating hybrid architectures that span both permissioned and public ethereum networks, as well as industry specific application layer working groups.

The new software stack defines the “building blocks needed to drive the Web 3.0 era of decentralized, connective intelligence,” said an EEA statement. “It offers businesses and developers better visibility into the enterprise connections between business processes and ethereum blockchain.”

The purpose of the EEAS is to guide the development of the EEA’s coming Enterprise Ethereum standards-based specification. Both the concepts and technologies from the public ethereum community and the EEA Technical Steering Committee (TSC) will be integrated into the EEA’s Enterprise Ethereum specification. The building blocks for the EEA specification focus on speeding up business transactions, building greater trust in deals, and developing more efficient business models.

“Until recently, developing an enterprise blockchain solution required organizations to build from the ground up either using their own enterprise-friendly implementation of ethereum or other variations of a private-permissioned, enterprise ethereum application,” the organization said. “The EEA’s architecture stack tackles these issues. In the near future, ethereum developers will use the specification to write code that will enable interoperability, motivating enterprise customers to select EEA specification-based solutions over proprietary offerings.”

EEA Executive Director Ron Resnick said the EEA’s standards-based approach enables enterprises to deliver a superior customer experience and create new, and innovative solutions. He added that having multiple vendors of choice will likely mean competition will drive down costs.

“With the public release of the stack, the EEA is on its way to delivering a world-class standards-based specification for Enterprise Ethereum solutions with a TestNet and certification program to follow,” said Resnick.

Julio Faura, chairman of the EEA, and head of R&D for Innovation Initiatives at Santander Bank, noted that EEA’s mission from day one has been to build the framework that could be used to meet all the needs of its members.

“The public release of the Enterprise Ethereum Architecture Stack enables enterprise members to collaborate and collectively contribute to, and benefit from, the global Ethereum effort and the EEA’s forthcoming specification,” said Faura.