In a noteworthy advancement, the Enterprise Ethereum Alliance (EEA) launched the much-awaited Enterprise Ethereum Client Specification (CS) 1.0 – an open-source, cross-platform blockchain system that guarantees and builds trust in smart contract-based frameworks.
Built For Enterprises
Published on May 16 on EEA’s official website, the announcement detailed the framework’s benefits, and drew attention to its capability of creating exceedingly efficient business models, while accelerating transactional speed.
Until this development, associations could only utilize a proprietary, privately-permissioned adaptation of the Enterprise framework.
The system is currently available on EEA’s website for free download.
According to the announcement, the Client Specification (CS) 1.0 shall effectively replace incapable and costly multi-platform protocols, and allow participating associations from a range of business sectors – such as banking, law, communications, and healthcare – to create customized blockchain systems that fit their requirements.
Earlier on May 4, 2018, EEA announced the launch of its Architecture Stack software, which intends to streamline and improve Ethereum-based applications. Interestingly, the CS 1.0 is built on this Architecture Stack and seemingly serves as a proof-of-concept for the latter.
As per a report by Gartner, blockchain technology is primed to surpass a mammoth $3.1 trillion in market value by 2030, and Ethereum looks poised to dominate a lot of this market with real-world developments, such as the CS 1.0.
As indicated by Ron Resnick, EEA’s Executive Director:
This EEA open-source,…