Bringing blockchain to global businesses and strengthening the ecosystem
- Collaboration between Enterprise Ethereum Alliance and Hyperledger
- Joint open-source, standards-based, cross-platform approach
- Want to accelerate mass adoption of blockchain technologies for business
- What is the application for telecoms?
The Enterprise Ethereum Alliance (EEA) and The Linux Foundation’s Hyperledger project have announced they have become Associate Members, respectively, within each other’s organisation. The open-source, standards-based, cross-platform collaboration between the two bodies is intended to contribute to accelerating mass adoption of blockchain technologies for business. Both organisations say they will continue to work with other standards bodies and other open source communities.
“Great open standards depend upon great open source code, so this is a natural alliance for both organizations,” said Brian Behlendorf, Executive Director, Hyperledger. “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.”
But what can blockchain offer telcos? At last week’s ONS Europe event in Amsterdam, one of the most enlightening keynote presentations was made by Dr Cathy Mulligan, whose current roles include Visiting Research Fellow at Imperial College London, CTO of GovTech Labs and DataNet, Member of the UN High Level Panel on Digital Co-operation, and an Expert Member of the World Economic Forum. If you want to talk blockchain, Dr Mulligan is the person for you. Watch out for a video interview on TelecomTV later this week, but in the meantime you can download her presentation on Blockchain and the Future of Networking here. Here’s a teaser quote for you: “Blockchain is a disruptive to the telecommunications industry as the iPhone,” said Cathy. “The iPhone decimated the service layer of the telecom value chain; blockchain can reduce the costs of core network and infrastructure.”
Only today, ABI Research issued a report forecasting over $10.6 billion in blockchain software and services revenue for all combined markets globally by 2023.
Original Press Release:
Enterprise Ethereum Alliance and Hyperledger to advance the global blockchain business ecosystem
Through Joint Associate Memberships, EEA and Hyperledger Will Collaborate to Meet Global Demand For Enterprise Blockchain
NEW YORK AND SAN FRANCISCO – Oct 1, 2018 –The Enterprise Ethereum Alliance (EEA), the global standards organization driving the adoption of Enterprise Ethereum, and Hyperledger, The Linux Foundation open source collaborative effort advancing cross-industry blockchain technologies, today jointly announced they have become Associate Members, respectively, within each other’s organization. The open-source, standards-based, cross-platform collaboration between the two organizations will contribute to accelerating mass adoption of blockchain technologies for business.
With hundreds of member companies combined, the EEA and Hyperledger communities represent a wide variety of business sectors from every region of the world.
“This is a time of great opportunity,” said Resnick. “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.”
As members of each other’s organizations, the leadership of both organizations will be able to collaborate across tens of Special Interest Groups, Working Groups, meetups and conferences globally, across hundreds of thousands of developers in both communities. EEA community members working on specifications and standards can turn to Hyperledger to collaborate on software implementations of those standards.
“Great open standards depend upon great open source code, so this is a natural alliance for both organizations,” said Behlendorf. “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.”
More About EEA and Hyperledger Work Underway
In 2017, Hyperledger launched the Hyperledger Burrow project, an Apache-licensed implementation of the Ethereum Virtual Machine (EVM) bytecode interpreter. Earlier this year, Hyperledger Sawtooth added support for the EVM as a transaction processor, bringing smart contracts developed for the Ethereum MainNet over to Sawtooth-based networks. That effort, dubbed “Seth,” is now in active use, and the developers anticipate submitting it for conformance testing to the EEA specification as soon as possible. Likewise, support for the EVM is now available in Hyperledger Fabric.
Down the road, 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. 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.
“As a founding member of both Hyperledger and EEA, we’ve been proud to participate in the incredible growth of both communities. This is a logical next step that will strengthen the industry as a whole, expand each organization’s reach and benefit from the collaboration across ecosystems, while supporting each organization’s distinct mission,” said David Treat, Managing Director at Accenture.
“For anyone who ever put a ‘vs.’ between Ethereum and Hyperledger, this collaboration shows it’s now ‘Ethereum AND Hyperledger,’” said Behlendorf. “We expect developers building Enterprise Ethereum-related technologies to be motivated to submit projects to Hyperledger, and we hope that project maintainers will consider taking de-facto interfaces that are suitable for standardization to the appropriate Special Interest Group at the EEA.”
About The Enterprise Ethereum Alliance
The Enterprise Ethereum Alliance (EEA) is the industry’s first global standards organization to deliver an open, standards-based architecture and specification to accelerate the adoption of Enterprise Ethereum. The EEA’s world-class Enterprise Ethereum Client Specification and forth-coming testing and certification programs will ensure interoperability, multiple vendors of choice, and lower costs for its members – the world’s largest enterprises and most innovative startups.
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger under the foundation.
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