The key aim of the decision is assisting organizations in developing Ethereum-based solutions. According to EEA, the new stack will help in streamlining the process of creating enterprise blockchain solutions by “eliminating the need to build in-house enterprise-friendly implementations or engage third-party developers to create private-permissioned Enterprise Ethereum applications”.
EEA is a company with the high-profile members such as Accenture, BP, Credit Suisse, and Microsoft. It is also a non-profit institution. Fortune 500 firms, academics, developers, startups and technology vendors have entered the consortium of EEA in March 2017, to develop open-source standards for the sphere.
Ron Resnick, EEA Executive Director, confirmed the key objects of the initiative out in the official press release. As claimed in his report, EEA works on delivering a world-class standards-based specification for Enterprise Ethereum solutions. This will also be proceeded by a TestNet and certification program. The standards-based way of organization will make able the enterprises to deliver great and improved customer experience and create innovative solutions.
The new architecture stack by EEA is made of 5 tiers. The base of the stack is a peer-to-peer protocol layer that is followed by a core of blockchain layer on top. This layer directs transactions, consensus, and on & off chain data storage. The middle layer is combined of privacy and scaling elements. The fourth layer is focused on oracle interactions, wallets and key management. The final application layer is geared toward dApps and smart contract tools.
The experts believe it will substantially power the blockchain technology adoption in the enterprise space.