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.