The EEA has released a new Architecture Stack that will standardize the specifications of the solutions of Ethereum enterprise, helping firms to create Ethereum-based solutions. The architecture stack was released on the 2nd of May, and it is aimed at streamlining the process involved in developing enterprise blockchain-based solutions.
The architecture stack is designed to eliminate the need to develop in-house implementations that are enterprise-friendly or require the help of third-party developers to develop private-permissioned enterprise Ethereum-based apps. The Enterprise Ethereum Alliance, a consortium of Fortune 500 companies, startups, tech vendors, developers, and academics, focuses on creating open-source standards to address the deployment requirements of enterprises.
Members of the EEA
The Enterprise Ethereum Alliance is a non-profit organization, and they boast of high-profile members ranging from top financial institutions such as Credit Suisse and J.P Morgan to the likes of Microsoft, BP, and Accenture. The corporation was found in March 2017.
Enterprise Ethereum Alliance Broadens Scope beyond Rivals
While this consortium plays a vital role in the world of enterprise blockchain-based solutions, it isn’t the only firm working towards the establishment of DLT in the business world. The EEA has a rival – the R3 consortium. This consortium was found by top financial institutions including Goldman Sachs and J.P. Morgan. R3 consortium is presently working on the development of Corda – a distributed ledger platform (open-source) aimed at streamlining commerce and finance with blockchain technology.
What Does the EEAS Offer?
The enterprise Ethereum Architecture Stack provides enterprise firms with a conceptual framework aimed at standardizing the components of Ethereum network, it is also aimed at guiding the development of new sets of standards-based specs.
The EEA new architecture stack has five layers: There is the peer-to-peer network protocol layer from the bottom, and on top of the bottom layer is the core blockchain layer that organizes consensus and executes transactions. Right on top is another layer devoted to scaling and privacy, and it does this in an off-chain and on-chain capacity. Then it has a tooling layer that takes care of things such as giving credentials permissions and how oracles interact.