The Enterprise Ethereum Client Specification 1.0 was released by the Enterprise Ethereum Alliance (EEA) to ease interoperability for companies using Ethereum blockchain, reported Cointelegraph on May 16.
The EEA, which was created in March 2017, is focusing on improving the privacy, scalability, and security of Ethereum’s applications. The group is now composed of 500 enterprise members and announced earlier in May that it will release blockchain standards for businesses by the end of 2018.
Ron Resnick, the EEA head, mentioned that the EE Client Specification is “basically the catapult that launches the whole ecosystem.”
“Without interoperability, the big players aren’t going to want to jump in, because they don’t want to be locked in to one particular vendor for a proprietary solution […] It attracts more and more of the bigger players to come in and make a commitment, because they feel a little more safe that they’re not going to get stuck.”
The executive director of Hyperledger, Brian Behlendorf, emphasizes on the fact that the announcement of the new specifications is “yet one more way in which the Hyperledger and Ethereum communities are not competitors but allies.”
“We’re very happy that the Hyperledger Sawtooth developer community has the goal of EEA 1.0 compatibility,” he added.
Last week, China announced it will establish national blockchain standards by the end of 2019 and Resnick believes the two parties will have to find a way to combine their standards.
“At the end of the day, if 500 companies, and now let’s say we double it to 1000, if all the global countries in the world are basing their solutions on Enterprise Ethereum specification, I would suggest that if China is working on something, they would want interoperability […] All we would do is engage with them, we would share. Our spec, we can have it […] I would think that they would probably want to take a look.”