“Next phase will be a testnet. And once we start seeing code coming out, we need certification. Let’s do this together as a community because we will all benefit from it. I urge you to take part in our network – it’s very affordable to join.”
The Enterprise Ethereum Alliance (EEA) has intentions to release the common Blockchain standards meant for business this year. This is according to one of the members of the consortium on Thursday.
During the London blockchains expo, Jeremy Millar, who is the founding individual of a member group composed of 450 people. Additionally, it boasts Accenture, UBS and JP Morgan and other organizations gave their update in regard to the talk section which was geared towards giving an overview of consortiums progress from when it was started in the year 2017.
In his talk, Millar began by stressing to the audience the importance of setting common standards when it comes to technology adoption.
“We need interfaces to plug into. Now, this might sound boring. It might not be top of mind for developers looking to launch a white paper and promote their ICO on Telegram.”
Enterprise Ethereum Alliance (EEA) was formed to Build, promote, and broadly support Ethereum-based technology best practices, standards, and reference architecture. Its membership base spans across several industries and includes the likes of Accenture, Santander, British Petroleum, JP Morgan, ConsenSys, Intel, Wipro, HP, and Sberbank – over 400 in total.
Millar explained why the addition of Ron Resnick, the former WiMAX Forum president to the Enterprise Ethereum Alliance (EEA) as an executive director would be advantageous to the consortium. Currently, it has a total of 15 employees who look into the technical specifications and the architecture.
This was an excellent appearance due to the fact that the major Enterprise Ethereum Alliance (EEA) rival which is R3 recently wanted to quit the group due to the fact that they couldn’t deliver the promises.
Miller added,
“Next phase will be a testnet. And once we start seeing code coming out, we need certification. Let’s do this together as a community because we will all benefit from it. I urge you to take part in our network – it’s very affordable to join.”
KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
