Ethereum Enterprise Alliance (EEA) Shares New Blockchain Software Specifications
A new set of specifications has been released by the Ethereum Enterprise Alliance (“Alliance”). The Alliance released the specifications in an effort to provide developers with standards when using private iterations of the Ethereum Blockchain.
DevCon4 took place in Prague today and there, the Alliance announced that it is releasing Enterprise Ethereum Client Specifications V2 and Off Chain Trusted Compute Specifications V0.5. According to the platform, the Off Chain Trusted Compute provides motivation for “enterprise customers to select EEA specification-based solutions over proprietary offerings.” It is designed to offer a label and to ensure the best quality, it has gone through third-party testing so that it can be sold as EEA-compliant.
As for Enterprise Ethereum Client Specifications V2, it features a group of programming interfaces (APIs) that can transfer transactions “off-chain” to be computed elsewhere, which is then moved to the “main chain.” EEA APIs that use the specs that have been recently released will offer programmers with methods to transferring data off-chain without one particular trust verification method. The APIs are poised to be compatible with Trusted Execution Environments, Zero-Knowledge Proofs, and Trusted Multi-Party Compute.
Ron Resnick, the executive director, stated that “enterprises can choose whichever trusted compute method works best for their use case, whether it is for supply chains, banks, retail, or other large enterprise-based ecosystems.”
Overall, those who use the EEA will notice that it has set of standards and has onboarded new firms from a number of industries. In an interview with Coin Telegraph, Resnick mentioned that there is potential for future EEAs standards in streamlining payments in chemical supply chains. A few other industries where it might be helpful include automotive, trucking, and health services.
Resnick reported to Coin Telegraph
“Without interoperability, the big players aren’t going to want to jump in, because they don’t want to be locked in 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 more safe that they’re going to get stuck.”