Ethereum is fast becoming an integral part of the company’s blockchain ecosystem. As more companies begin to benefit from public business networks, it is important to remember that the Ethereum field is still relatively new. Hence, a number of development functions are needed before organizations can take full advantage of the Ethereum blockchain.

For example, Dan Burnett, CEO of the Enterprise Ethereum Alliance – an initiative that allows organizations to implement and use Ethereum technology in their day-to-day operations – told Cointelegraph that Ethereum is expanding in use, distribution, application, and more. Thus, Ethereum becomes a reliable business chain.

However, Burnett noted that standardization work is becoming increasingly important for the development of Ethereum. However, the problem here is that the Ethereum Foundation’s standardization must take into account the open nature of Ethereum when considering private business applications.

Criteria Needed to Grow Enterprise Ethereum
To facilitate standard development, the Ethereum Foundation, the Ethereum Alliance (EEA) and the Oasis Open – an organization that seeks to advance the development of open source software and standards – have announced the creation of “EEA Community Projects.”

Public Projects in the European Economic Area were formed to combine the development of traditional standards with standards based on open source software, Burnett said. Burnett explained that the combination of these two development criteria is necessary to accelerate the adoption of the Ethereum business:

With Ethereum, there has always been this interesting tension between the developer community, which is openly and individually governed, and the commercial side, which is commercially governed and often governed by rules and complexities. EEA community projects combine the implementation of proprietary standards with open source standards developed in the Ethereum community. generally “.
Burnett also mentioned that the Ethereum Oasis Open Project, an open Oasis initiative for several Ethereum projects, will now run under the EEA Community Projects banner.

Why standards are important
To put the need for standards in perspective, Burnett mentioned that one of the reasons Ethereum has become so valuable is because no device controls the network. However, when this value is reached, he notes that it is possible that participants in the Ethereum ecosystem will work with different objects to ensure interaction.

Jay Martin, CEO of Oasis Open, told Cointelegraph that the Baseline protocol is an example of the standards used for interoperability. The underlying protocol coordinates a secret workflow between organizations that use messaging, zero-count cryptography, and the Ethereum blockchain.

Martin explained that Baseline originally took its own API and created a framework for standards to ensure interoperability between one computer language and another. Hence, “they must be written in different languages ​​and used in different environments.” He also added, “Standards are a model and a convention for interoperability and other things.”

While public projects in the European Economic Area are still underway, Burnett explained that the need for interoperability in Layer 2 scaling solutions is becoming apparent: “There are many Layer 2 solutions being built on Ethereum, and there is a growing discussion of the need for some commonalities. “As such, Burnett expects Level 2 interoperability standards to evolve as a result of the EEA community projects.

Equally important, Burnett noted that community projects in the EEA will not be in jeopardy of what the Ethereum community is already doing:

“We have not made any governance changes that reduce the openness, transparency and manageability of the community. It took us a while to figure out how to make sure the entire audience was happy and that no one took control of the network and changed it in any way. ”
With this in mind, it is also important to understand why open source standards are so important to the development of the Ethereum Foundation. Anais Ofrank, chair of the Oasis Open Baseline Protocol Standards and Specification Working Group, told Cointelegraph that open source is the most realistic and reliable way for the EEA to foster the development and adoption of the Ethereum Foundation – both in technology and standards. :

Open source reduces / removes barriers to collaboration, so it is a great way to get input from different players, explore different use cases in the industry, and explore enterprise applications of Ethereum blockchain technology. It is also an effective way for the EEA to highlight the work they are working on.

Source: CoinTelegraph