EEA Launches Its New Enterprise Ethereum Architecture Stack

EEA Launches Its New Enterprise Ethereum Architecture Stack

Altcoins News
May 3, 2018 by Sandra Onyeiwu
1516
The Enterprise Ethereum Alliance (EEA) has announced the public release of its new Enterprise Ethereum Architecture Stack that is set to standardize the specifications of Ethereum enterprise solutions. Also Read: Ethereum, the Second Largest Cryptocurrency in the World is Under Regulatory Scrutiny Developed by EEA members, the stack defines the “building blocks needed to drive the
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The Enterprise Ethereum Alliance (EEA) has announced the public release of its new Enterprise Ethereum Architecture Stack that is set to standardize the specifications of Ethereum enterprise solutions.

Also Read: Ethereum, the Second Largest Cryptocurrency in the World is Under Regulatory Scrutiny

Developed by EEA members, the stack defines the “building blocks needed to drive the Web 3.0 era of decentralized, connective intelligence.” The building blocks for the EEA specification focus on speeding up business transactions, building greater trust in deals, and developing more efficient business models.

The Enterprise Ethereum Alliance, founded in 2017, is a group of firms that focus on improving the privacy, scalability, and security of Ethereum blockchain applications.
EEA has been developing the EEAS for about a year and a half now, and according to Joseph Lubin, Ethereum co-founder, EEAS will serve as a “framework element of the world’s decentralized operating system.” Ron Resnick, EEA boss, stated the importance of having a standardized architecture stack:

“Basically, this conceptual framework characterizes and standardizes all the components from the EEA Ethereum ecosystem, and it extends the concept of technologies from the public Ethereum as the part of our enterprise Ethereum spec. So, it’s all the building blocks that we now organize in a framework, which creates an architecture that software programmers can build their solutions.”

Ethereum developers can write a code which can enable interoperability. This will also promote proprietary offerings over EEA specification-based solutions.
Ron Resnick, the Executive Director of EEA said:

“The EEA’s standards-based approach enables enterprises to deliver a superior customer experience and create new and innovative solutions. Plus, having multiple vendors of choice will likely mean competition will drive down costs.”

Founding member firms include Santander and JPMorgan, newer members include Mastercard, Intel and Microsoft, and a number of Ether investors and Blockchain startups, presently EEA has over 500 members.

 

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