Ethereum enterprise allience

Node Permissioning - Only authorized nodes can join private chains. Anybody can set up a node on Ethereum Mainnet. Privacy - Access to data written to private chains can be controlled by restricting access to the network, and on a finer grained basis with access controls and private transactions.

All data written to Mainnet Layer 1 is viewable by anyone, so sensitive information should be stored and transmitted off-chain, or else encrypted. Design patterns that facilitate this are emerging e. Baseline, Aztec , as well as Layer 2 solutions that can keep data compartmentalized and off of Layer 1.

Why build on Ethereum Mainnet Enterprises have been experimenting with blockchain technology since around , when the Hyperledger, Quorum, and Corda projects were launched. The focus was largely on private permissioned enterprise blockchains, but starting in there has been a shift in thinking about public vs private blockchains for business applications.

Sharing a common frame of reference among businesses avoids the unnecessary creation of numerous isolated silos which cannot communicate and share or synchronize information with each other. Another development which is shifting the focus toward public blockchains is Layer 2. Layer 2 is primarily a scalability technology category which makes high throughput applications possible on public chains.

But Layer 2 solutions can also address some of the other challenges that have driven enterprise developers to choose private chains in the past. Enterprise developer resources Organizations Some collaborative efforts to make Ethereum enterprise friendly have been made by different organizations: Enterprise Ethereum Alliance EEA The EEA enables organizations to adopt and use Ethereum technology in their daily business operations.

It empowers the Ethereum ecosystem to develop new business opportunities, drive industry adoption, and learn and collaborate with one another. The project intends to develop clear, open standards, high-quality documentation, and shared test suites that facilitate new features and enhancements to the Ethereum protocol.

Baseline Project The Baseline Protocol is an open source initiative that combines advances in cryptography, messaging, and blockchain to deliver secure and private business processes at low cost via the public Ethereum Mainnet. The protocol enables confidential and complex collaboration between enterprises without leaving any sensitive data on-chain.

The EEA provides its members a community and access to educational material along with various technical and media resources. How the Enterprise Ethereum Alliance Works Although many technology giants and businesses had been supporting Ethereum via Cloud services and working towards its adoption, most efforts towards its scalability, privacy, and interoperability remained scattered until the Enterprise Ethereum Alliance came into being.

The alliance aims to build, promote, and support Ethereum blockchain technology best practices, standards, and a reference architecture that is capable of handling its real-world applications and usage. Ethereum is not just a platform but also a programming language Turing complete running on a blockchain that helps developers build and publish distributed applications. The potential applications of Ethereum are wide-ranging, and this has attracted a number of enterprises to explore the technology.

Examples of the Enterprise Ethereum Alliance at Work In recent times, multiple pilot projects have been initiated and worked on by member companies and others covering areas such as supply chain provenance tracking, inter-bank payments, reference data, securities settlement, and many others. However, real-world enterprise use calls for collaborative efforts to build architectures that allow both permissioned and public Ethereum networks.

The formation is EEA is an important step in this direction. The EAA also provides education and training for members. The organization publishes newsletters, videos, and webinars as part of its public service mission. Morgan, Microsoft, and Nuco.

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