Blockchain

Two largest blockchain consortiums unite for accelerating adoption of blockchain for business

October 2, 2018

author:

Two largest blockchain consortiums unite for accelerating adoption of blockchain for business

Industry’s two largest blockchain consortiums Hyperledger Project and Enterprise Ethereum Alliance (EEA) have announced about massive collaboration aiming to grow the enterprise blockchain ecosystem through open standards developed by two organizations.

According to the joint statement, “the open-source, standards-based and cross-platform collaboration will further accelerate mass adoption of blockchain technologies for business”.

Notably, the two have formally joined each other’s organizations as Associate Members.






“Down the road, we hope this mutually beneficial relationship will encourage Ethereum developers to consider submitting their enterprise projects to Hyperledger and Hyperledger project maintainers to consider taking de-facto interfaces appropriate for standardization to the appropriate EEA working groups,” the joint statement reads. “This relationship will also enable Hyperledger developers to write code that conforms to the EEA specification and certify them through EEA certification testing programs expected to launch in the second half of 2019”.

Hyperledger Executive Director Brian Behlendorf called the partnership “a natural alliance for both organizations”.

“Standards, specifications and certification all help enterprise blockchain customers commit to implementations with confidence since they have better assurances of interoperability as well as multiple vendors of choice.”

“Collaborating through mutual associate membership provides more opportunities for both organizations to work more closely together. In addition, Hyperledger developers who join the EEA can participate in EEA Certification to ensure solution compliance for projects related to the Enterprise Ethereum Client Specification”, EEA Executive Director Ron Resnick added.

The joint statement also noted that the move proves that the two companies who have similar visions are not rivals.

“What we hope to get across to the public is that anyone who ever put a “versus” between EEA and Hyperledger got it wrong; it’s now conclusively “EEA AND Hyperledger”.

Launched in 2015, Hyperledger is an open source global collaborative project created to advance cross-industry blockchain technologies. It is hosted by The Linux Foundation. Currently more than 250 enterprises, including major companies in finance, banking, Internet of Things, supply chains, manufacturing, and technology are involved.

With over 300 current members, The Enterprise Ethereum Alliance consortium is aiming to leverage open-source Ethereum technology for blockchain solutions in enterprise. Launched last year, it became the world’s largest blockchain consortium at the end of 2017.