By Applying a Global Standard to Enterprise Blockchain Development, EEA’s Enterprise Ethereum Specification V2 Offers Greater Choice and Lower Costs among a Larger Ecosystem of Vendors.

PRAGUE – Oct. 29, 2018 –The Enterprise Ethereum Alliance (EEA) today announced the public download at its website, of the Enterprise Ethereum Client Specification V2 document. The open standards-based framework incorporates technical contributions from the EEA’s expansive member base encompassing a vibrant global enterprise and developer community. EEA members can download the specification here. The EEA will present on the Specification and its roadmap and vision at Devcon4.

“Using the EEA Specification, Ethereum developers can write code that enables interoperability, thus motivating enterprise customers to select EEA specification-based solutions over proprietary offerings,” said EEA Executive Director Ron Resnick. “With the EEA Enterprise Ethereum Client Specification V2, enterprises and startups can develop interoperable offerings, from low-to high-end based, enabling enterprises and startups to easily mix and match applications cost-effectively, even as their needs change over time.”

The Specification is the result of months of intense collaboration between leading enterprise, technology and platform members within the EEA’s Technical Committee and EEA Special Interest Groups (SIGs). The Specification is working towards inclusion in future releases of application-specific profiles – subsets tailored for different uses cases that paves the way for innovation across vertical industries where enterprise can identify specific requirements relevant to their industry. The Specification incorporates components developed by the Ethereum Foundation and is supported by broadest Ethereum developer user bases worldwide.

“The Ethereum Foundation is supportive of the collaborative work that has culminated in the release of the EEA’s Specification V2. We hope that the work of the EEA and its member organizations can bring about meaningful and innovative change across the various industries participating in the Alliance,” said Ethereum Foundation Executive Director Aya Miyaguchi. “Ethereum itself is a platform that can profoundly benefit both the public and private sectors with the help of the brightest minds in technology, finance, and other spaces. We look forward to seeing how industries and organizations can utilize Ethereum to bring transformative solutions to life.”

EEA to Present on Roadmap and Vision at Devcon4

As an Olympic Sponsor at the Ethereum Foundation’s flagship developer conference, Devcon4, Oct. 30 – Nov. 2, 2018, at the Prague Congress Center, the EEA will hold a notable round of Devcon activities including presentations and interactive booth discussions on the new Specifications, coming innovations, certification program, and real-world use cases. EEA Executive Director Ron Resnick will present on the EEA technical roadmap and Enterprise Ethereum market opportunities. EEA Technical Standards Working Group Chair, Conor Svensson, founder, and CEO of BLK.IO, will lead an interactive breakout session titled “How Can the EEA Interoperate with the Public Ethereum Chain EIP Process?” Following Devcon, attendees are invited to an EEA-sponsored Meet-Up to meet with the EEA’s Svensson and Resnick to discuss EEA’s vision and roadmap. View the full EEA schedule here.

EEA Momentum and Roadmap

With over 500 organizations as members, the EEA anticipate continuous momentum as members work with the global development community to build, test and certify solutions to grow the ecosystem. The EEA will introduce a TestNet to assure interoperability across member solutions. Also, the EEA will oversee a members-only Certification Program that ensures solutions conform and interoperate with the standard, building confidence in an offering’s performance.

About the EEA

The EEA is a member-led industry organization based on the goal of empowering the use of Ethereum blockchain technology as an open standard for the betterment of all industries, focused on the needs of enterprises. For additional information about joining the EEA, please reach out to [email protected].

Supporting Quotes

“By solving the universal collaboration needs of its members, the EEA Enterprise Ethereum Client Specification V2 serves as a critical framework to facilitate more valuable interactions, more efficiently, across organizational boundaries. The EEA’s Specification and ongoing standards work are critical to enabling entire sectors and industries to build shared collaborative infrastructure that will accelerate Ethereum-based business applications from digital identities and supply chains to financial industry platforms, consumer financial services and beyond,” said Joseph Lubin, a founding EEA member from ConsenSys, co-founder of Ethereum, and founder of ConsenSys.

“We’re pleased to see the EEA reach and release its V2 and Off-Chain Trusted Compute V.05 specifications, as this news comes on the heels of the EEA and Hyperledger joining each other organizations as associate members,” said Brian Behlendorf, executive director, Hyperledger. “Both organizations believe standards, specifications and certification all help with the adoption of enterprise blockchain technologies by helping customers commit to implementations with confidence since they have better assurances of interoperability as well as multiple vendors of choice.”