Enterprise Ethereum Matures, Seeks Standards in Open Source Community
Enterprise Ethereum has matured to the point where standards are now needed to ensure further growth and interoperability with other networks.
Ethereum is fast becoming an integral part of the enterprise blockchain ecosystem. As more companies begin to take advantage of public networks for business, it is important to note that the Ethereum enterprise space is still relatively new. Therefore, a number of developments are required before organizations can fully take advantage of the Ethereum blockchain.
For example, Dan Burnett, CEO of the Enterprise Ethereum Alliance, an initiative that enables organizations to adopt and use Ethereum technology in their day-to-day business operations, told Cointelegraph that Ethereum is increasing in use, implementation, application, and more. As such, Ethereum is morphing into a solid chain for business.
However, Burnett noted that standardization work has become increasingly important for Ethereum to fully mature. However, the challenge here is that standardization for enterprise Ethereum must take into account the open nature of Ethereum when considering proprietary commercial implementations.
Standards are required for Ethereum business growth
In order to properly drive the development of standards for enterprise Ethereum, the Enterprise Ethereum Alliance (EEA) and Oasis Open, a body that aims to advance the development of open source software and standards, today announced the formation of the “Projects community members of the EEA “.
According to Burnett, EEA Community Projects was formed to unite the development of traditional standards with standards that are derived from open source software. Burnett explained that the combination of these two development standards is necessary to accelerate the business adoption of Ethereum:
“With Ethereum, there has always been this interesting tension between the development community, which is open and individually driven, and the business side, which is commercially driven and often concerned with regulations and complexity. The EEA Community Projects are bringing together the implementation of proprietary standards with the open source standards that are developed in the Ethereum community at large. “
Burnett further mentioned that the Ethereum Oasis Open Project, which is an Oasis Open initiative for multiple Ethereum projects, will now operate under the banner of EEA Community Projects.
Why standards are important
To put the need for standards into 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 noted, participants within the Ethereum ecosystem will likely partner with different entities to ensure interoperability.
Guy Martin, CEO of Oasis Open, told Cointelegraph that the Baseline Protocol is an example of standards that are used for interoperability. The Baseline Protocol works to coordinate confidential workflows between companies using messaging, zero-knowledge cryptography, and the Ethereum blockchain.
Martin explained that Baseline essentially took their API and made it the framework for their standards to ensure interoperability between one computer language and another. Therefore, “it must be written in different languages and used in different settings.” He further added, “Standards is that template and agreement that allows interoperability and other things to happen.”
Although EEA’s community projects are just getting started, Burnett explained that the need for interoperability around layer two scaling solutions has become apparent: “A lot of layer two solutions are being built on top of Ethereum, and now there is a growing discussion about the need for something in common there. “As such, Burnett predicts that standards for layer two interoperability may advance as a result of EEA community projects.
Equally important, Burnett noted that EEA’s community projects will not seek to jeopardize what the Ethereum community has already been doing:
“We have not made changes to governance that have diminished openness, transparency and the community-driven nature of work. It took us a while to figure out how to make sure all voters are happy and make sure no one takes over the network or changes it in any way. “
With this in mind, it is also important to understand why open source standards are necessary for enterprise Ethereum development. Anaïs Ofranc, leader of the Oasis Open Baseline Protocol standards and specifications working group, told Cointelegraph that open source is the most viable and credible way for the EEA to foster the development and adoption of enterprise Ethereum, both in technology. as in the standard:
“Open source reduces / removes barriers to collaboration, making it a great way to get input from a variety of stakeholders, explore various industry use cases, and explore enterprise applications of Ethereum blockchain technology. It is also an effective way for the EEA to publicize the work they have been doing. “
While Ofranc also noted that for open source standards to be effective, the right contributors, both individuals and businesses, must be present: “There is so much competition for talents and expertise in the blockchain space that contributors will need to justify the time. and the effort dedicated to working on blockchain business projects. “
Is Enterprise Ethereum Maturing?
Despite the challenges that can arise with standard implementations, it is notable that the Ethereum enterprise space is maturing to the point where standards are now required. Enterprise Ethereum standards are also likely to be critical once Ethereum 2.0 is completed
John Wolpert, chair of the Baseline Protocol technical steering committee and vice chair of the mainnet working group at EEA, went into depth on this point and told Cointelegraph that EEE community project formation is important as it demonstrates how proper and practical use of Ethereum in the company is growing:
“We now have a world-class industry body working hand-in-hand with a world-class IT standards organization and engaging a broad community of individual and corporate developers and architects in setting standards for multi-party workflows. verified using Ethereum’s public mainnet as a verification anchor. “
Going forward, Burnett believes that the work done by EEA Community Projects has the potential to advance to international standards bodies. “This gives us a great opportunity to work at the grassroots level and then move to a more corporate environment that larger companies would feel comfortable with”.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.