Hyperledger and Enterprise Ethereum Unite

Hyperledger and Enterprise Ethereum Alliance (EEA) have officially collaborated to advance the adoption of blockchain technologies in businesses, the companies jointly announced on Monday (October 1).

According to the press release, the companies have joined one another’s organization to bring basic standards to the blockchain space and strengthen cross-collaborations together.

The partnership will further allow the companies to strengthen the leadership and communities of each organization.

“This is a time of great opportunity,” Ron Resnick, executive director of EEA, said in the joint press release. “Collaborating through mutual associate membership provides more opportunities for both organizations to work more closely together.”

In a joint blog post written by Resnick and Brian Behlendorf, executive director of Hyperledger, both organizations will bring their own sets of strengths to the table. For example, EEA will develop “specifications and standards” for blockchain networks, while Hyperledger will look after developing an open source software for managing and connecting enterprise blockchain networks.

“Great open standards depend upon great open source code, so this is a natural alliance for both organizations,” Behlendorf said in the release.

Behlendorf added that standards, specifications and certification are key factors in assisting enterprise blockchain customers “commit to implementations with confidence.”

With the relationship now officially in place, Hyperledger developers can now get to work on writing code that complies with EEA’s standards. The goal is to have the written code certified with the EEA’s testing programs for launch in mid-2019.

Hyperledger was created to advance blockchain technologies across multiple industries. In 2017 the company launched the Hyperledger Burrow project, an Apache-licensed implementation of the Ethereum Virtual Machine (EVM) bytecode interpreter.

The EEA is the first global standards organization in providing specifications and an open standards-based framework to advance the implementation of Enterprise Ethereum.

“This is a logical next step that will strengthen the industry as a whole, expand each organization’s reach and benefit from the collaboration across ecosystems, while supporting each organization’s distinct mission,” David Treat, managing director at Accenture (NYSE:ACN), said in the release.

While the companies will work together in speeding up the adoption of blockchain technologies, both Hyperledger and EEA said they will continue working outside of the relationship with other entities and open source communities.

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Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.