Ethereum the Ethereum Alliance Enterprise consortium passed the first checkpoint

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If consortia R3 and Hyperledger develop initially corporate blockchains to improve operations in the banking sector and other industries, Enterprise Ethereum Alliance (EEA) is intended to accommodate public blockchain Ethereum for corporate use and to develop a set of common standards for projects running on Ethereum. Formed in February 2017, the EEA for a long time outwardly dormant, only recruiting new members, among which for today already over 500 companies, including founding members Microsoft, Intel, Santander and JP Morgan. This situation began to cause doubts about the viability of the project, and in early April, the technical Director of R3 Richard brown published a post on Medium, saying that Ethereum is not suitable for corporate use, and Recalling the lack of results in the work of the EEA.

However, on Wednesday, the consortium has loudly declared itself, presenting a standardized architecture Ethereum apps in the release of «Ethereum Enterprise Architecture Stack». Referring to the internal diversity of the consortium, which includes major international banks, along with the blockchain startups and traditional techcomparison, Executive Director of the EEA Ron Resnick notes that a year and a half, gone on a reference model of standards — a relatively short period of time. Resnick has experience on telecommunication standards: in the past he was President of the WiMAX Forum — the organization that is engaged in providing compatibility between wireless standards developed by IEEE Association. «If you look at other standards bodies, this process may take about three years. In IEEE on the development of the standard takes four years,» he said. Resnick stressed that the development of standards is a slow and methodical process. Its speed differs from the speed of the rapidly evolving cryptocurrency industry, however, with the proper approach, creating common standards will provide many benefits. «All companies working on Ethereum, see the need of reaching agreement on the structural elements and how they interact with each other. Because if we do not, we will not be able to compete with proprietary alternatives,» said Resnick.

According to him, the team EEA «actively working» on making the project was carried out according to the terms specified in the roadmap. Resnick believes that the objectives can be achieved before the end of this year. Published on Wednesday, may 2, the model of the Enterprise Architecture Stack Ethereum was the first step towards the standardization of business applications based on Ethereum and is a system of five levels. The basic level is a peer to peer Protocol. On top of it built the main blockchain («Core Blockchain»), which is responsible for consensus building, confirmation of transactions and data storage (onchan and offscan). In the middle is a level of privacy and scalability. Higher — level tools to ensure the resolution of access, identification, library integration, and client interfaces. The upper level is devoted to applications and smart contracts, and includes network management, identity, language smart contracts, standards, tokens, and formal verification. Resnick told Coindesk that after the reference model standards «very soon» will be presented specifications, and then test the network and the certification program.

EEA also intends to monitor the safe coexistence of public Ethereum with private, corporate versions of the blockchain. According to Resnick, private networks can be connected to the main network that already «many people want to do.» Mention specific usage scenarios, such as clearing and settlement in the financial sector, Resnick noted that the Alliance is aware of the needs of enterprises and to develop and implement appropriate solutions. During a recent speech at the Blockchain Expo in London member of the Board of Directors of EEA Jeremy Millar said that some of the solutions implemented EEA, may be adopted as EIP (Ethereum Improvement Proposal) — improvements on Ethereum and embedded in the main network.

Resnick recognizes that the work of the consortium is complicated by the public nature of blockchain Ethereum and the «biggest internal dispute» in the EEA was around the aspect of privacy. For corporate use, focused on privacy, blockchain Ethereum needs modification. And this inability criticizes R3 technical Director Richard brown, who wrote that Ethereum has the «wrong architecture for business.» According to Resnick, the discussion as to how much information should be transmitted in each case is still not completed. Referring to the General regulation on data protection (GDPR) imposed by the European Union in 2016 and strengthening the protection of personal data, Resnik notes that even for regulators the question of privacy «is still open and not crystal clear». According to the published model standards, level of privacy includes mechanisms for data management that will determine what information might be visible to the entire network, and which only a trusted circle of persons. «There are various ways to implement this idea: this can occur in the core network or offscan or there,» said Resnick. He confirmed that the technological solutions implemented one of the consortium members — JPMorgan Chase — corporate blockchain Quorum, are also used in solving the problem of privacy (in October last year it became known to implement the Quorum Protocol Zero Knowledge Proof — proof with zero disclosure is used in an anonymous cryptocurrency zcash for). According to Resnick, JPMorgan is actively involved in the development.

The Resnick noted that all the members of the consortium are equal and, although the consortium is interested to develop the standards were equally applicable and convenient for all participating companies, achieving this result mainly depends on the work each company: «If you don’t participate, then don’t blame us if the final specifications will not include what you wanted,» said Resnick.

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