- EEA launches Standardized Architecture Stack for Ethereum-based business applications.
- EEAS will serve as a “framework element of the world’s decentralized operating system.”
Latest report reaching Cryptona.co revealed that the Enterprise Ethereum Alliance (EEA) has launched their Enterprise Ethereum Architecture Stack (EEAS) yesterday, 2nd May. The new architecture stack standardizes the specifications for privacy-focused web applications on Ethereum for the Web 3.0 era.
The Enterprise Ethereum Alliance, founded in 2017, is a group of firms that focus on improving the privacy, scalability, and security of Ethereum blockchain applications. Founding member firms include Santander and JPMorgan, newer members include Mastercard, Intel and Microsoft, and a number of Ether investors and Blockchain startups, presently EEA has over 500 members.
EEA has been developing the EEAS for about a year and a half now, and according to Joseph Lubin, Ethereum co-founder, EEAS will serve as a “framework element of the world’s decentralized operating system.” Ron Resnick, EEA boss, stated the importance of having a standardized architecture stack:
“Basically, this conceptual framework characterizes and standardizes all the components from the EEA Ethereum ecosystem, and it extends the concept of technologies from the public Ethereum as the part of our enterprise Ethereum spec. So, it’s all the building blocks that we now organize in a framework, which creates an architecture that software programmers can build their solutions.”
After the release of the EEAS, there would be the release of TestNet as well as a certification program that will ensure a “higher level of confidence” for enterprise operations.
An EEA’s founding member from Santander stated in a press release that “the Alliance’s mission from day one has been to build the framework that could be used to meet all the needs of its members.” Santander had earlier partnered with Ripple to release a blockchain payment network to reduce the cost and time associated with international transfers.
Last March, China’s Ministry of Information Technology released a document of objectives for developing the technology sector, including a recommendation for standards in blockchain architectures, “data format specification, interoperability, and smart contracts,” as well as the formation of international standards for blockchain technology.