- The standard will accelerate the adoption and deployment of Ethereum Enterprise solutions globally
- The standards will help companies to use the Ethereum networks effortlessly
- The company wants to ensure the Ethereum software is as easy to use as a SIM card
Ethereum enterprise announced a new standard, which is intended to facilitate interoperability and certification procedures, will accelerate the adoption and deployment of Ethereum Enterprise solutions globally. The Specs will identify the unique requirements needed by each application or industry to enhance development.
Ethereum Upping the Game
The announcement was made in a press release on Monday October 29, 2018 before this year’s DevCon4, an “annual Ethereum family reunion” that is going on for an entire week in Prague, Czech Republic. The announcement heralded the release of the Enterprise Ethereum Client Specification V2 document and the Off-Chain Trusted Computer Specification V0.5 during the DecCon4 in Prague.
The former, which is development of common standards, will ensure that Ethereum developers write code that will motivate enterprise customers to choose “EEA specification-based solutions over proprietary offerings.” The Client Specification V2 will offer a kind of a label that will state the product underwent third party testing before it can be sold as an EEA-compliant product.
The Off-Chain Trusted Compute Specification V0.5 specification is a set of APIs that can move transactions off chain so they can be computed elsewhere before moving a summary to the main chain.
Ethereum Enterprise Alliance APIs using the new specs will give programmers a system of transferring data off-chain without a single trust verification method. The company has appraised the APIs and confirmed them to be well-matched with Trusted Execution Environments, Zero-Knowledge Proofs, and Trusted Multi-Party Compute.
The standards will help companies to use the Ethereum networks in a hassle-free manner and connect with other applications and communities easily. All applications certified by the EEA are meant to be “plug and play” solutions which mean they will henceforth connect seamlessly.
Aim to Simplify the Use
According to EEA executive director Ron Resnick, the company wants to ensure the Ethereum software is as easy to use as a SIM card. He said “If I buy a phone in one country and a SIM card in another, I know they are going to work together.” He explained:
“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 safer that they’re not going to get stuck.”
Enterprise Ethereum Alliance is a “member-led industry organization based on the goal of empowering the use of Ethereum blockchain technology as an open standard for the betterment of all industries, focused on the needs of enterprises.”