EEA Specification-based Enterprise Ethereum Smart Contracts and Transactions are “What’s Next” in the Web 3.0 Blockchain Revolution
Until today, organizations were required to build proprietary variations of a private-permissioned Enterprise Ethereum implementation. Enterprise Ethereum Alliance (EEA) unveiled during CoinDesk’s Consensus 2018, the Enterprise Ethereum Client Specification 1.0, enabling organizations and the global development community to have a single, open-source, cross-platform standards-based framework to speed up business transactions, build a greater trust in contracts, and create more efficient business models.
By replacing costly and ineffective multi-protocol propriety approaches, enterprises everywhere can begin developing new ways to create customer value across entire markets – from banking, law, and healthcare to advertising, communications and more.
“The EEA’s Enterprise Ethereum Specification is the result of 18 months of intense collaboration between leading enterprise, technology and platform members within our technical committee,” said EEA Executive Director Ron Resnick. “This EEA open-source, cross-platform framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos.”
The EEA has plans to introduce a TestNet to further assure interoperability across member solutions. In addition, the EEA will oversee a members-only Certification Program that ensures solutions conform and interoperate with the standard, building confidence in an offering’s performance.