Enterprise Ethereum matures, looks to open-source community for standards
Enterprise Ethereum has matured to the point where standards are now needed to ensure further growth and interoperability with other networks. Ethereum is quickly becoming an integral part of the enterprise blockchain ecosystem. As more companies begin to leverage public networks for business, it’s important to keep in mind that the enterprise Ethereum space is still relatively new. Therefore, a number of developments are required before organizations can fully take advantage of the Ethereum blockchain. For example, Dan Burnett, executive director of the Enterprise Ethereum Alliance — an....
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The Bitcoin network has been supporting the Open Execution principle for quite some time now, as services owners can’t run away with people’s bitcoins, and no one else can use your coins and send them to somebody else. Moreover, no additional money can be created out of thin air. Open source software is part of the nature of digital currency and blockchain technology, as these solutions belong to everybody in the world who wants to embrace them. But some people have started to look beyond open source, and the term Open Execution is starting to pop up more often. But what does this new term....
The Open Metaverse Alliance, OMA3, was launched by a group of Web3 dedicated companies in order to create standards for an interconnected metaverse. The organization, formed by companies such as Animoca Brands, Dapper Labs, The Sandbox, and Unstoppable Domains, stated its objective was to achieve a decentralized, community-led, and user ownership-oriented open metaverse. Open Metaverse Alliance OMA3 Wants to Address the Isolated World Problem While the concept of the metaverse has grown to define a significant number of business models for the next years, there are inherent problems to its....
The last day of CoinDesk's Consensus 2016 featured a deep dive on enterprise standards for blockchain applications, a topic that drew a capacity crowd to the Wednesday event. Featuring author William Mougayar; Barclays blockchain and distributed ledger lead Simon Taylor; and Ethereum creator Vitalik Buterin, the session featured an open-ended question-and-answer session that ultimately morphed into a back-and-forth conversation on the nature of standards. Early on, Buterin drew a distinction between the standardization drive of business executives and managers – and the potential standards....
Let's start by stating the obvious – Warnings about the need for blockchain standards are premature and alarmist. It's too early to claim that a lack of standards is hurting blockchain technology adoption, or to call for standards bodies like the International Standards Organization (ISO) to get involved and define what they should be. (Though, there are already groups doing this). The topic of blockchain standards is complicated, and it extends beyond just seeing it as an interoperability challenge. This is because blockchain standards can be divided into three interrelated vectors,....
EY is integrating its blockchain products with Polygon to mitigate the high fees and congestion associated with transacting on Ethereum mainnet for its enterprise clients. Announced on Monday, EY’s flagship blockchain services including EY OpsChain and EY Blockchain Analyzer will be integrated with Polygon, allowing transactions to be committed to Ethereum via the sidechain. EY emphasized that its enterprise clients will have access to increased transaction throughput with predictable fees and settlement times using Polygon.The firm also revealed it is working with Polygon to offer....