Hyperledger Project and Enterprise Ethereum Alliance (EEA) issued a press release stating that the are formally joining forces as Associated Members.
The Blockchain adoption wheels were notably churning at a decent speed. With the recent announcement of two of the largest consortiums in the industry- Hyperledger Project and Enterprise Ethereum Alliance (EEA) joining forces, the wheels are accelerating fast.
Enterprise Ethereum Alliance is an enterprise blockchain organization whose focus is to improve the security, privacy, and scalability of the Ethereum blockchain applications. Hyperledger, on the other hand, nurtures the development of open sources enterprise blockchain frameworks like Hyperledger Fabric and Sawtooth. Earlier both these organizations were viewed as archnemesis, but now the tables have turned are both have formed an alliance to boost the growth of industrial blockchain and foster greater collaboration across the two communities.
Ron Rensick, the Executive Director of EEA, said that,
“It is the time of a great opportunity, and this collaboration will bring in more opportunities for us to work with the team of Hyperledger. Moreover, the enterprises of the world are going to be interested in buying solutions where they have a choice of multiple vendors.”
This alliance enables Hyperledger’s 270-member organizations to interact with the tokens as well as smart contracts running on the Ethereum public chain. Brian Behlendorf, Hyperledger’s Executive Director, shared his view on this partnership and said that,
“Great open standards depend on great open source code, and therefore, this is a natural alliance between the two organizations.” He added that all those who ever put a ‘vs.’ between Ethereum and Hyperledger, this collaboration clearly shows that now it is ‘Ethereum and Hyperledger.’
In the longer run, this mutually beneficial partnership will allow Ethereum developers to submit their enterprise projects to Hyperledger and Hyperledger project maintainers to consider taking de-facto interfaces appropriate for standardization to the appropriate EEA working groups. Also, the partnership will help Hyperledger developers to write codes that fall in line with the EEA specifications. The codes later can also be certified through EEA certification testing programs (expected to launch in the latter half of 2019.)
Congratulations from Akeo to Hyperledger and Enterprise Ethereum Alliance
“We’re very excited to see a collaboration between the Hyperledger Project and the EEA. Akeo has been an active member of the EEA for about a year now, and I’m a big fan of the open-source Linux Community. This is a great step towards global blockchain adoption.”
Espen Moen Kvelland, CEO.
Akeo as a blockchain development company and an EEA member is very excited and happy with this new partnership between Hyperledger and EEA. This partnership brings together an open source codebase model and code standard organization. Going further, this merger is going to help companies adopt blockchain quickly, solve issues like interoperability, offer more vendor choices, and a code certification program also comes into the picture.
This merger is also an indicator of thinning lines between permissioned blockchains and permissionless blockchain, and that enterprise (permissioned) blockchains is going to gain momentum, however, more work on specification and certifications is still needed.
“Hyperledger as an open-source technology is helping enterprises to adopt blockchain. As a storehouse for numerous DLT codebases, this new alliance with EEA is going to open doors to build standards which will be accepted more by enterprises and other DLT.”
Ashish Gupta, Technical Director.