Adoption of blockchain by enterprises is expected to spike after the Enterprise Ethereum Alliance and Hyperledger announced that they are joining forces to support the growth of the technology.
As mentioned in the report, both firms have become “Associate Members,” and anyone who ever put a “versus” between Enterprise Ethereum Alliance (EEA) and Hyperledger got it wrong; it’s now conclusively “EEA AND Hyperledger.”
Notably, the EEA has been working with the objective of promoting blockchain for businesses. The firm was founded in March 2017 by Santander, JPMorgan, and a variety of other members. Even though the firm has been focused on scaling Ethereum-based applications, it is now cutting across the Hyperledger blockchain.
Brian Behlendorf, Executive Director of Hyperledger at the Linux Foundation and Ron Resnick, Executive Director of the Enterprise Ethereum Alliance shared more insights into what will be achieved by the new union.
“This will enable more active and mutual cross-community collaboration through event participation, connecting with other members, and finding ways for our respective efforts to be complementary and compatible.”
Alliance Could Be Key To Blockchain Adoption
As noticed in this case between the Enterprise Ethereum Alliance and Hyperledger, both projects already have an active layer of members (firms). Hyperledger, for instance, has over 270 members which include logistics company FedEx. EEA, on the other hand, is backed by JP Morgan and other firms such as American Family Insurance and Accenture.
Having a large base of members is likely to ease the process of taking commercialized products to the mainstream. Also, such alliance will allow the projects to work at full strength.
“This relationship will also enable Hyperledger developers to write code that conforms to the EEA specification and certify them through EEA certification testing programs expected to launch in the second half of 2019.”
Since Hyperledger already supports the collaborative development of blockchain-based distributed ledgers, the new union is one that is expected to move both projects to the brink of success in the coming months or years.
For the emerging blockchain industry to thrive beyond the hype and establish itself as “authority,” there will be a need for more projects to collaborate.Never miss out on our daily crypto news, stories, tips, and price analysis. Join us on Twitter | Telegram | Facebook or subscribe to our weekly Newsletter.