In a worthy advancement the Enterprise Ethereum Alliance (E E A) Launched the much awaited Ethereum client
specification (cs) 1.0 an open-source, cross platform blockchain system that guarantees and builds trust in smart contract-based frameworks.
Build for Enterprise
on may 16 0n EEAS official website, the announcement detailed the frame works benefits,and drew attention to its capability of creating exceedingly efficient business models,while accelerating transactional speed.
until this development, associations could only utilize a proprietary, privately permissioned adaptation of the Enterprise frame work. According to the announcement, the client specification (cs) 1.0 shall effectively replace incapable and allow participating associations from a range of business sectors such as banking,law,helthcare and communications to create customized block chain systems that fit their requirements.
Earlier on may 4, 2018, EEA announced the launch of its Architecture stack software which intends to streamline and improve Ethereum based applications. interestingly, the (cs)1.0 is built on this Architecture stack and seemingly serves as a proof-of-concept for the latter.
Block chain technology is primed to surpass a mammoth $3.1trillion in market value by 2030, and Ethereum looks poised to dominate a lot of this market with real-world developments,such as the cs 1.0 .
The EEAS director Ron Resnick, indictes that the EEA open-source,cross-platform frame work will enable mass adoption at a depth and breadth other wise unachievable individual corporate silos with over 500 organisations as members,we anticipate great things in 2018 as EEA members work with the global development community to build, test and certify solutions to grow the ecosystem.
Rensnick informs that the cs 1.0 was the result of 18months 0f "intense collaboration between leading enterprise,technology and platform members within our technical committee".
Features of EEA cs 1.0
The cs 1.0 enables Ethereum developers to build frame works which guarantee interoperability, making the system lucrative to an expensive number of enterprises. As stated on the site.
The EEA specification provides insight into the future of security - a single, interoperable,development frame work for spanning both permission and public Ethereum networks.
The EEA is considering the release of a testnet in the future which will guarantee interoperability across members, for now, EEAS members-only certification program has been established to ensure comformity and interoperability of members-networks to established standards. The launch has been met warmly with a number of partner enterprises praising the frame work Among them was intels Rick Echevarria, who said: "intel is committed to enabling block chain adoption and as a founding member,is pleased to see the Ethereum Alliance release this specification, addressing privacy and security among other requirements".