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Ethereum is quickly becoming an indispensable part of the enterprise blockchain ecosystem.same The company began to use the public network to conduct business, It’s important to remember that the enterprise Ethereum space is still relatively new. Therefore, some development needs to be done before organizations can take full advantage of the Ethereum blockchain.
For example, Dan Burnett, executive director of the Enterprise Ethereum Alliance, told Cointelegraph that Ethereum is increasing in use, deployment, and applications. This is an initiative that enables organizations to adopt and use Ethereum technology in their daily business operations. Therefore, Ethereum is transforming into a solid business chain.
However, Burnett pointed out that in order for Ethereum to fully mature, standardization has become more and more important. However, the challenge here is that the standardization of enterprise Ethereum must take into account the openness of Ethereum while considering the realization of proprietary services.
Enterprise Ethereum growth requires standards
In order to correctly promote the standard development of enterprise Ethereum, the Enterprise Ethereum Alliance (EEA) and Oasis Open (an organization that aims to promote the development of open source software and standards) today announced the establishment of the “EEA Community Project.”
According to Burnett, the EEA community project was established to combine traditional standards development with standards derived from open source software. Burnett explained that in order to accelerate the adoption of enterprise Ethereum businesses, a mixture of these two development standards is necessary:
“For Ethereum, there has always been this interesting tension between an open and personally driven development community and a business-driven enterprise that often deals with regulations and complexity. The EEA community project is integrating the implementation of proprietary standards throughout the entire Combining open source standards developed in the Ethereum community.”
Burnett further mentioned that the Ethereum Oasis Open Project is an oasis open plan for multiple Ethereum projects and will now operate under the banner of the EEA Community Project.
Why standards are important
In order to put the requirements of standards in perspective, Burnett mentioned that one of the reasons Ethereum has become so valuable is because no entity controls the network. However, as this value is realized, he pointed out that participants in the Ethereum ecosystem may work with different entities to ensure interoperability.
Guy Martin, executive director of Oasis Open, told Cointelegraph that the baseline protocol is an example of a standard for interoperability.The baseline agreement is committed to Coordinating confidential work processes between enterprises Use messaging, zero-knowledge cryptography, and the Ethereum blockchain.
Martin explained that Baseline essentially adopted its API and used it as its standard framework to ensure interoperability between one computer language and another. Therefore, “it must be written in different languages and used in different environments.” He further added, “standards are templates and protocols that allow interoperability and other things to happen.”
Although the EEA community project has just begun, Burnett explained that there needs to be The second-tier scaling solution has become obvious: “Many second-layer solutions have been built on top of Ethereum, and now more and more discussions need some commonality there.” Therefore, Burnett predicts that as a result of the EEA community project, the second-layer interoperability Standards may be advanced.
Equally important, Burnett pointed out that the EEA community project will not jeopardize what the Ethereum community is already doing:
“We have not made governance changes that reduce the openness, transparency, and community-driven nature of work. It took us a while to figure out how to ensure that all constituencies are satisfied and that no one takes over or changes the network in any way.”
With this in mind, it is also important to understand why open source standards are necessary for the development of enterprise Ethereum. Anaïs Ofranc, head of the Oasis Open Standards and Specification Working Group, told Cointelegraph that open source is the most feasible and reliable way for EEA to promote the development and adoption of enterprise Ethereum-both in terms of technology and standards:
“Open source reduces/eliminates barriers to collaboration, so it is a good way to get input from various participants, explore various industry use cases, and explore enterprise applications of Ethereum blockchain technology. This is also Europe The economic zone demonstrates an effective way of the work they have been doing.”
Ofranc also pointed out that in order for open source standards to be effective, the right contributors—individuals and companies—must be present: “The competition for talent and experience in the blockchain field is so fierce that contributors need to justify spending in the enterprise block. Time and effort on chain projects.”
Is Enterprise Ethereum Mature?
Although the implementation of standards may present challenges, it is worth noting that the enterprise Ethereum space is maturing to the point where standards are now needed.Enterprise Ethereum standards may also become key Ethereum 2.0 is completed.
related: IBM contributes blockchain platform code to Hyperledger to promote enterprise blockchain adoption
John Wolpert, Chairman of the Baseline Protocol Technical Steering Committee and Vice Chairman of the EEA Mainnet Working Group, elaborated on this point. He told Cointelegraph that the formation of EEA community projects is important because it shows how to correctly and practically use Ethereum in enterprises is growing :
“Now, we have a first-class industry organization, work closely with first-class IT standards organizations, and involve a broad community of individual and corporate developers and architects, using the public Ethereum mainnet to establish standards for proven multi-party workflows. Verification anchor.”
Looking to the future, Burnett believes that the work done by the EEA community project may advance all the way to international standards bodies. “This provides us with a great opportunity to work at the grassroots level and then enter a more corporate environment that larger companies will adapt to.”
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