Enterprise Ethereum Alliance and Hyperledger Announce Cross Platform Collaboration - Bitsonline

Enterprise Ethereum Alliance and Hyperledger Announce Cross Platform Collaboration

Hoping to drive scalable mass adoption, the Enterprise Ethereum Alliance and open source blockchain codebase Hyperledger have announced they will be joining forces.

Also see: Is Noble Bank on the Brink of Insolvency and Will Tether Collapse With It?

Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts

Accelerating the Adoption of Blockchain Networks

With visions of redefining the way communities across finance, banking, supply chain, and much more conduct business, neither the Enterprise Ethereum Alliance nor Hyperledger Project are shy when it comes to lofty goals for their alliances.

Now, in an effort to establish and maintain scalable enterprise blockchain networks, these two organizations have formally announced they will be working on specifications and implementations that can work hand-in-hand.

By simultaneously developing open standards through the Ethereum alliance as well as open source reference implementations through Hyperledger, the hope is that developers would consider submitting their enterprise projects through Hyperledger while Hyperledger project owners reference the standards that the EEA has put in place.

Two Communities With Similar Objectives

Brian Behlendorf, executive director of Hyperledger at the Linux Foundation and Ron Resnick, executive director of the Enterprise Ethereum Alliance, shared a joint vision of what this collaboration means for both communities.

“For anyone who ever put a ‘vs.’ between Ethereum and Hyperledger, this collaboration shows it’s now ‘Ethereum AND Hyperledger… and we expect developers building Enterprise Ethereum-related technologies to be motivated to submit projects to Hyperledger.”

As it relates to its roadmap, the Enterprise Ethereum Alliance expects that during the launch of its EEA certification program in 2019, Hyperledger developers will write code that applies to EEA specifications.

Taking advantage of their large and diverse developer networks, the alliances will collaborate across multiple working groups, conferences, and local meetups in order to foster greater collaboration between both communities.

Enterprise Ethereum Alliance

Improving Existing Infrastructure and Data Sharing

As competing smart contract platforms, such as EOS, ask why now and why Hyperledger, it is important to consider what this new collaborative model means for the large, open source codebase community of Hyperledger, as well as the large standard setting organization of EEA.

By working together, the on-ramp for companies looking to deploy their first blockchain networks with concerns over vendor lock-in becomes far clearer, allowing technology that can work across private and public blockchains.

The truth is, enterprise blockchain networks must crawl before they can walk and having an agreed upon framework for standards is vital.

With this collaboration, unique revenue models will be enabled. Legacy business processes deeply ingrained within global enterprises will be replaced by revolutionary data sharing practices that blockchain technologies allow and are a natural facilitator of.

Do you think that the continued momentum of private blockchains could hurt the progress of public blockchains such as Bitcoin or Ethereum? Sound off below.

Images via Pixabay

Related News