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ethereum blockchain standards

The Enterprise Ethereum Alliance has unveiled new common technical standards for the ethereum blockchain, following on from a pledge made at a blockchain event in London a matter of weeks ago.

The group, which is comprised of over 500 organizations from multiple sectors, has been working in collaboration to develop common standards since it was founded in early 2017.

Dubbed Enterprise Ethereum Client Specification 1.0, the standards come in the wake of comments from one of the group’s founding members, Jeremy Millar, on the need for consistency across the ethereum development ecosystem.

The alliance, which includes members such as JP Morgan, BP, Microsoft and many others, has heralded the launch as a landmark milestone in its efforts to date, which it hopes will pave the way for common development standards across diverse ethereum apps.

According to alliance executive director Ron Resnick, the common standards have come about as a result of intensive collaboration between the group’s members toward developing a universal framework for developing for ethereum.

“The EEA’s Enterprise Ethereum Specification is the result of 18 months of intense collaboration between leading enterprise, technology and platform members within our technical committee. This EEA open-source, cross-platform framework will enable the mass adoption at a depth and breadth otherwise unachievable in individual corporate silos.”

Speaking ahead of the announcement this week, Resnick had previously suggested there was recognition across the group that standards and interoperability were critical in allowing the ethereum blockchain to prosper.

“All the ethereum client companies see the need to agree on these building blocks and components and how they talk to each other, because if we don’t, then we don’t have a way to compete against the proprietary solutions.”

The ethereum blockchain allows developers to create decentralized apps, or dApps, which interact with smart contracts, one of the defining characteristics of the ethereum blockchain technology.

With the publication of the first version of common standards, the alliance is now hoping this will help widen access to the technology, providing developers with a more prescriptive rulebook for developing for ethereum.