EEA Accelerates Web 3.0 Adoption with Enterprise Ethereum Architecture Stack Release
The Enterprise Ethereum Alliance has rolled out its Enterprise Ethereum Architecture Stack, which defines the tools and requirements to drive next-generation applications.
The Enterprise Ethereum Alliance (EEA) publicly released on Thursday the Enterprise Ethereum Architecture Stack (EEAS), which represents the next stage of its Enterprise Ethereum specification strategy.
The stack presents the infrastructure tools and framework to be applied by corporations when adopting the next-gen Enterprise Ethereum apps. It will set the building blocks required to run Web 3.0 applications. The stack is provided in the form of a downloadable document that includes the key elements developed by the Ethereum Foundation.
EEA executive director Ron Resnick said:
“With the public release of the stack, the EEA is on its way to delivering a world-class standards-based specification for Enterprise Ethereum solutions with a TestNet and certification program to follow.”
“The EEA's standards-based approach enables enterprises to deliver a superior customer experience and create new, and innovative solutions. Plus, having multiple vendors of choice will likely mean competition will drive down costs,” he added.
Until now, companies willing to develop a blockchain application had to build it from scratch or use their own business-friendly implementation of Ethereum solutions. The launch of the EEAS, which took more than 18 months to create, will address these problems. Soon, Ethereum developers will use the stack to come up with the code that will allow interoperability, encouraging companies to go for EEA-based solutions instead of proprietary applications.
So far, 500 companies and entities have become part of the EEA, among them the likes of AMD, ING, Intel, JPMorgan, National Bank of Canada, UBS, BBVA, Accenture, Dash, Deloitte, and Cisco. The alliance has created about 20 working groups that determine market requirements and write the EEA specification.
Julio Faura, head of R&D for Innovation Initiatives at Santander Bank and founding EEA member, said:
“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. The public release of the Enterprise Ethereum Architecture Stack enables enterprise members to collaborate and collectively contribute to, and benefit from, the global Ethereum effort and the EEA’s forthcoming specification.”