Since Ethereum (ETH +1.75%) launched in 2015, its potential business applications have boosted its popularity. The challenge is bringing these applications from theory to reality, and that's where the Enterprise Ethereum Alliance comes in. The alliance includes everything from brand-name companies to start-ups, united by a goal of leveraging Ethereum for business use.
What is the Enterprise Ethereum Alliance?
The Enterprise Ethereum Alliance (EEA) is a community of organizations collaborating to adopt and use Ethereum, one of the largest blockchains. It includes Fortune 500 companies, start-ups, academics, and technology vendors, and it connects them with Ethereum subject matter experts.
An EEA membership includes a range of benefits. It's useful for networking; members can connect with each other, find investors, and get speaking opportunities at events. The EEA is also a source of Ethereum education. Members have free access to technology showcases, technical strategies, and expert insights.
Blockchain
EEA project examples
The EEA has two types of projects: community projects and member projects. EEA community projects are led by the group and focus on the open-source development of code, API, standards, and reference implementations. They're community-driven projects where anyone, including non-members, can contribute. Here are a few examples of EEA community projects:
- The Baseline Protocol is a zero-knowledge enterprise framework built by the EEA community. It allows companies to synchronize business processes and maintain verified records with privacy.
- In April 2022, the EEA started a project to develop standards for layer 2 blockchain scalability solutions. Layer 2 solutions are built on top of the layer 1 Ethereum mainnet to improve efficiency. The goal of this project is to consider technical standards and best practices for layer 2 technologies.
EEA member projects are collaborations where EEA members can exchange information, share use cases, and work together toward specific goals. Members can find these projects through the EEA's list of interest groups and working groups. Examples of EEA working groups include:
- A digital identity working group to establish a general understanding of Ethereum in the digital identity space.
- An energy working group to define standards around Ethereum blockchain implementations for oil and gas, utilities, grids, and other verticals within the energy industry.
- A multiplatform working group to make the Ethereum platform available across multiple operating systems and physical hardware.
If you're investing in Ethereum or considering it, the EEA is one reason to be bullish about this blockchain network. The member list includes several high-profile companies, which is a good sign that they believe in Ethereum's potential. The EEA provides a space for these companies to communicate and work together on Ethereum-based enterprise solutions.
About the Author
