- EEA and Hyperledger have announced that they are collaborating on standards they hope will become industry-wide
- Hyperledger members will be able to interact with smart contacts and tokens using the Ethereum platform
- This collaboration between the blockchain giants could cause others to adopt similar practices
According to a statement released October 1st, Hyperledger Project and the Enterprise Ethereum Alliance (EEA) will be coming together to create a uniform, industry-wide blockchain development standard. They also intend to cross-pollinate a wider open-source community.
Essentially, the two are joining each others’ networks and will enable their members to more easily make use of the others’ platform. This collaboration is quite significant as EEA and Hyperledger are two of the most powerful blockchain communities in existence with only r3 Corda rivaling them in influence.
The potential success of this venture is even more significant as it means that both Hyperledger’s 270 members and EEA’s 500 members will create using the same blockchain platform. Other firms, it is hoped, will then feel compelled to do the same to avoid being shut out.
EEA executive director Ron Resnick said in a statement to CoinDesk: “The enterprises of the world are going to want to purchase solutions where they have a choice of multiple vendors.”
The need for Interoperability
At Hyperledger, there has been a growing desire on the part of their members to be able to access the Ethereum platform to interact with tokens and smart contacts.
It would seem that these desires have been acknowledged by the company, as they said in their recent blog post that the collaboration “will enable Hyperledger developers to write code that conforms to the EEA specification and certify them through EEA certification testing programs expected to launch in the second half of 2019,”
Hyperledger CEO, Brian Behlendorf, has said that EEA’s goals, which have always been to build applications using Ethereum blockchain, is compatible with his company’s.
“It’s a two-way street. There’s not a lot of groups effectively doing standards in the blockchain space today and EEA has a head start there. What can we contribute to that momentum?”
This new development could usher in a new era in blockchain development as both companies are bringing a significant following to the table and should this succeed, an industry-wide standard could effectively be set.