blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Buy Crypto
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Buy Crypto
No Result
View All Result
  • bitcoinBitcoin(BTC)$29,485.00-0.65%
  • ethereumEthereum(ETH)$1,835.19-6.18%
  • binancecoinBNB(BNB)$310.06-5.06%
  • rippleXRP(XRP)$0.393482-3.02%
  • cardanoCardano(ADA)$0.484265-5.83%
  • SolanaSolana(SOL)$44.42-8.42%
  • dogecoinDogecoin(DOGE)$0.078843-5.28%
  • AvalancheAvalanche(AVAX)$24.32-11.48%

EEA and Hyperledger to Create Industry-wide Standard for Blockchain

Tokoni Uti by Tokoni Uti
October 4, 2018
in blockchain news
0
EEA and Hyperledger to Create Industry-wide Standard for Blockchain
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
  •         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?”

Uniformity

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.

Tags: EEAHyperledger
ShareTweet
Tokoni Uti

Tokoni Uti

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Recommended For You

Terra Community Votes to Revive LUNA Cryptocurrency

by Eric Maina
May 26, 2022
0
LUNA

According to the data posted by Terra Station, 65% of the community, around 200 million votes, voted to go on with LUNA revival plan

Read more

Splinterlands (P2E) Says Its Validator Node Licenses Ready To Go For Sale

by Umair Younas
May 25, 2022
0
Splinterlands

Splinterlands, the most popular and top-rated game on the blockchain network, will sell Validator Node licenses on May 25, 2022

Read more

DeFi Protocol HAPI Partners With Chainalysis

by Eric Maina
May 25, 2022
0
Chainalysis HAPI

DeFi protocol HAPI partners Chainalysis. Companies are going to work on multiple fronts as HAPI seeks to evolve from being just a DeFi protocol

Read more

A Fruitful Collaboration On The Cards Between Parity and Klaytn Regarding Metaverse

by Umair Younas
May 25, 2022
0
Klaytn Metaverse

A modular public blockchain Klaytn made the announcement that it will work together with a blockchain company known as Parity

Read more

The Top 5 Crypto Derivatives Exchanges You Can’t Overlook In 2022

by Max Clark
May 24, 2022
0
Crypto

There are so many options to choose from, especially for multi-feature crypto derivatives exchanges, that most users often find it overwhelming

Read more
Next Post
Bitcoin is Here to Stay, says NYSE Chairman Jeff Sprecher

SAP Launches Two New DLT Consortia to Boost Integration and Consumer Flexibility

PARTNERS LIST

PRESS RELEASE

PARSIQ

PARSIQ Network Announce Strategic Partnership With GUMBALL 3000 Expansion Into Web3

by Max Clark
May 24, 2022
0

PARSIQ Network will support Gumball 3000's Web3 ambitions with blockchain data infrastructure and partner on the upcoming Supercar rally

IQ Protocol NFT

IQ Protocol Announces Strategic Partnership To Power GUMBALL 3000 NFT Ecosystem

by Max Clark
May 23, 2022
0

IQ Protocol is a long-term partner for Gumball 3000 NFT ventures and will be heavily involved in the North American...

Locus Chain Blockchain

Blockchain Veteran David Atkinson Joins ‘Locus Chain’ Project As An Advisor

by Josh Fernandez
May 16, 2022
0

The team behind the development of the next-generation blockchain, announced that David Atkinson has joined Locus Chain as an advisor

Guarda Wallet Adds Avalanche (AVAX) Support

Guarda Wallet Adds Avalanche (AVAX) Support

by Max Clark
April 15, 2022
0

The Avalanche coin is used in Guarda to create and manage wallets, as well as transmit and receive AVAX in...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market

Company

  • About Us
  • Terms & Conditions
  • Editorial Policy
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved. A Division of Strait Limited.

 
No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2022 - Blockchainreporter.net. All Right Reserved. A Division of Strait Limited.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT