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Definitely, the blockchain technology has two sides to it. There is the purely blockchain side and then the cryptocurrency side. Now, as the cryptocurrency side struggles to get traction, the other side is making great strides towards mass adoption. In this light, the world’s largest blockchain consortium is existent thanks to joining forces of EEA and Hyperledger.

As CCN reports, the collaboration will accelerate mass adoption of blockchain across all market segments. Further, the new arrangement will facilitate greater sharing of solutions between the respective companies.

Upholding the fundamentals of blockchain

Hyperledger is “the umbrella project” for a multitude of open source blockchain solutions entities. It brings together like minded groups that seek to achieve a unified goal. According to Hyperledger website, the goal is to ensure the open source fundamental of blockchain does not get eroded.

On their part, hopes to benefit from Enterprise Ethereum Alliance (EEA)’s standard promotion to further protect source codes. As much as the source codes are open, a semblance of standards has to exist. This way, the whole market will not fall victim to substandard work.

In comments accompanying the press release, Hyperledger Executive Director, Brian Behlendorf said:

“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.”

World’s largest blockchain consortium will largely benefit Ethereum ecosystem

Further, he observes that the partnership between the two organizations is a natural thing. According to him, “Great open standards depend upon great open source code.”

On the other hand, EEA community of developers will benefit from the availability of source code. The broader Ethereum community will get a great opportunity to explore various source codes and utilize them in their projects.

Speaking in regard to the development, Ron Resnick, executive director at EEA said:

“Collaborating through mutual associate membership provides more opportunities for both organizations to work more closely together.”

Therefore, the world’s largest blockchain consortium will help greatly in the EEA Certification. As a result, solution compliance for projects will not be a big problem. This will especially be beneficial to the Ethereum ecosystem and the Enterprise Ethereum Client Specification to be particular.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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