• Latest
Ethereum’s Biggest Enterprise Group Is Releasing New Software Specs

Ethereum’s Biggest Enterprise Group Is Releasing New Software Specs

Oktober 29, 2018
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ethereum

Ethereum’s Biggest Enterprise Group Is Releasing New Software Specs

coinnewsdaily by coinnewsdaily
Oktober 29, 2018
in Ethereum
0
Ethereum’s Biggest Enterprise Group Is Releasing New Software Specs
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The Enterprise Ethereum Alliance (EEA) has released its latest round of specifications – the next steps to harmonizing the way large companies use private versions of the second-largest blockchain.

Announced Monday at Devcon4, the annual ethereum developer conference, EEA (the largest blockchain consortium, with 500 members) released its Client Specification Version 2, which lays out a certification process to ensure ethereum coders are following common standards.

Related articles

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Mai 24, 2022
Core Ethereum developer details changes to expect after the Merge

Core Ethereum developer details changes to expect after the Merge

Mai 24, 2022

In addition, the EEA released the Off-Chain Trusted Compute Specification Version 0.5, a way for data to be diverted from the blockchain to some off-ledger trusted environment, or piped in from external sources known as oracles via a standard application programming interface (API).

The ultimate goal of these incremental alignments, said EEA executive director Ron Resnick, is to establish the foundations for the type of seamless development work that happens in ecosystems such as Android.

„The way I view interoperability is from the best practices of other markets like telecoms,“ Resnick told CoinDesk. „If I buy a phone in one country and a SIM card in another, I know they are going to work together.“  

And Client Spec V2 creates the equivalent of a sticker on the box that says the SIM card works with the phone. EEA is a registered trademark, which means that for a tech vendor to call its code solution EEA-interoperable it will first have to go through third-party certificate testing, which will be starting in Q1 2020, added Resnick.

As well as within the ethereum community, EEA Client Specification V2 will also help drive the recently announced tie-up with another enterprise blockchain consortium, the Hyperledger project.

„If a Hyperledger developer now modifies his solution so that it conforms to the EEA spec and gets it certified, we will see interoperability there too,“ Resnick said.

And it’s a two way street. As part of the release of Hyperledger’s Fabric 1.3, its blockchain now supports Ethereum Virtual Machine (EVM) bytecode smart contracts.

Privacy and performance

The other new spec, the EEA Off-Chain Trusted Compute Specification V 0.5, removes certain computation services for jobs that would take too long to run on-chain. This might include heavyweight privacy tech like zero-knowledge proofs or multi-party computation.

Much of this work was done by a Trusted Execution Task Force (comprising close to 90 members) within the EEA. For example, Intel has been specifying how cryptographic operations should be performed in a secure enclave like the chip maker’s software guard extensions (SGX).

„Trusted compute is a fundamental technology to take enterprise blockchain use to the next level, and the specification’s Trusted Compute APIs make it easier,“ Tom Willis, director at Intel’s Open Source Technology Center, said in a statement.

The off-chain spec also covers oracle services (porting external information into smart contracts) provided by the likes of blockchain oracle service Oraclize or Thomson Reuters‘ BlockONE IQ.

Resnick said the off-chain trusted compute spec killed two birds with one stone, enhancing performance and privacy.  

„What’s more, enterprises can choose whichever trusted compute methods work best for their use case, whether it is for supply chains, banks, retail, or other large enterprise-based ecosystems,“ he said.

Devcon discussions will also explore how the EEA hopes to contribute and potentially add value to the public blockchain community through the ethereum improvement proposal (EIP) process.

„Potential approaches include encouraging EEA members to contribute to specific EIPs, and describing mandatory client requirements in terms of specific EIPs where appropriate,“ Conor Svensson, CEO of startup blk.io and the EEA Technical Standards Working Group chair, told CoinDesk.

Ethereum image via Shutterstock.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: Ethereum
Share76Tweet48
Previous Post

Paradigm Leads $30 Million Funding for Crypto Privacy Startup StarkWare

Next Post

Ripple Hires Former Google Exec as VP of Products

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Top 3 cryptocurrencies that are faring the best in the 2022 bear market
Alt Coin

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

Mai 24, 2022
Core Ethereum developer details changes to expect after the Merge
Ethereum

Core Ethereum developer details changes to expect after the Merge

Mai 24, 2022
fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher
Ethereum

fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

Mai 23, 2022
Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
Alt Coin

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

Mai 23, 2022
The Moon ‘created’ his lavish reality… and says you can, too
Ethereum

The Moon ‘created’ his lavish reality… and says you can, too

Mai 23, 2022
Layer-2 adoption could spur the next crypto turning point
Ethereum

Layer-2 adoption could spur the next crypto turning point

Mai 23, 2022
Load More
Next Post
Google to Allow Ads for ‚Regulated‘ Crypto Exchanges Next Month

Ripple Hires Former Google Exec as VP of Products

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev