EEA Releases New Client Specifications To Enhance Blockchain Implementations For Enterprises

EEA Releases New Client Specifications To Enhance Blockchain Implementations For Enterprises

The blockchain organization Enterprise Ethereum Alliance (EEA) has decided to release a specification that aims at accelerating distributed ledger technology (DLT) implementation for enterprises. The information was released by the organization in two press releases on May 13.

EEA Wants To Enhance Blockchain Implementation

At the moment, the EEA has more than 500 members working and trying to know more about blockchain technology and how to implement it on their companies. Some of the most recognized members of the EEA include Accenture, Santander Group, JP Morgan Chase, ConsenSys, EY, Intel, Microsoft, IBM, and R3, among others.

They are now launching new specifications and APIs that will be supporting development work with different programs related to blockchain transactions requiring privacy, Oracle services and more intensive workloads for hardware devices. This would allow firms to select the most appropriate service depending on what they do.

Some companies can start using Trusted Execution Environments, Zero-Knowledge Proofs and Trusted Multi-Party-Compute, among other options. Some companies require their systems to improve throughput, latency, and privacy.

On the matter, the press release explained:

“Temporarily moving some transactions off-chain for computation elsewhere, and then returning a summary to the main chain is a promising method for achieving such requirements.”

At the same time, they have also released the Enterprise Ethereum Client Specification V3. This makes the Client’s permissions systems more flexible and simple to use.

Last month, the EEA launched a blockchain-neutral Token Taxonomy Initiative that aims at defining tokens in non-technical and better terms. This is also expected to improve adoption of blockchain technology by blockchain technology.

During a conversation with CoinDesk, John Whelan, EEA chairman and head of digital investment banking at Banco Santander, explained that they want to achieve performance, permissioning and privacy demands.

As he explained they have been working on these three iterations of the spec and the intention is to use it in different enterprises that require these solutions.

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