Enterprise Ethereum Alliance Pledges 2018 Blockchain Standards Release

Enterprise Ethereum Alliance Pledges 2018 Blockchain Standards Release

As said by one of the consortium's leading members on April 19th, the Enterprise Ethereum Alliance (EEA) intends to release a set of common blockchain standards for businesses in 2018.

Onstage at Blockchain Expo in London, Jeremy Millar, a founding board member of the 450-member group, which boasts Accenture, JP Morgan and UBS among its ranks, provided the update as part of a talk to give an overview of the general progress made by the consortium since its inception in 2017.

Millar, during his talk, was emphasizing the importance of setting common standards when it comes to technology adoption.

He told the crowd "We need interfaces to plug into. Now this might sound boring. It might not be top of mind for developers looking to launch a white paper and promote their ICO on Telegram."

Millar went on to cite the addition of former WiMAX Forum president Ron Resnick as EEA executive director as a hire that would bolster the consortium, which now has 15 employees looking at architecture and technical specifications.

Elsewhere, he said the group has seen progress on setting standards and specs relating to "oracles," or smart contracts meant to feed external data into blockchain systems.

Millar added that it's likely some EEA features will be taken back into the code for the public ethereum blockchain in the form of ethereum improvement proposals (EIPs).

"Next phase will be a testnet. And once we start seeing code coming out, we need certification," said Millar.

He added "Let's do this together as a community because we will all benefit from it. I urge you to take part in our network - it's very affordable to join."

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