Following the recent announcement that the Hyperledger Project and the Enterprise Ethereum Alliance (EEA) have agreed to collaborate on bringing common standards to the blockchain space and cross-pollinate a wider open-source community, industry leaders comment on the topic of standardising the industry and the benefits which it can accrue.
Nick Cowan, CEO at Gibraltar Blockchain Exchange (GBX), said:
The collaboration between the Hyperledger Project and the Enterprise Ethereum Alliance (EEA) to create a common set of standards for both platforms is a significant milestone for the wider blockchain ecosystem. The real winners are the prospective blockchain projects that previously would have had interoperability concerns when deciding to pursue blockchain innovation using Ethereum or Hyperledger. This joint effort between two of the largest enterprise blockchain communities is indicative of the collaborative spirit that will accelerate the adoption of blockchain into the mainstream.”
Eric Piscini, CEO at Citizens Reserve, said:
It is fantastic to see more effort towards technology standardization in the blockchain space. This will drive more adoption across industries and create more traction across technology players. We, at Citizens Reserve, are focusing on building SUKU, which is bringing standardized supply chain capabilities to everybody who wants to be part of global commerce. While Hyperledger and EEA are building technology standards, we aim to build business standards, from data standards to process and business standards. Standards are critical to deliver on our vision of better efficiency, higher transparency and visibility, as well as cheaper access to supply chain functionalities.”
Gabriele Giancola, CEO and Co-founder of qiibee, the Swiss loyalty token protocol helping brands around the world run their loyalty programs on the blockchain, said:
There is a growing number of developers who are asking for some level of standardisation, which will pave the path to interoperability. This becomes even more relevant as blockchain technology continues to attract wide interest and expands into new industries, which reiterates the need for a regulatory framework. If blockchain is to reach mainstream adoption, there will need to be regulatory standards put into place, but I believe this will benefit the ecosystem as a whole.”
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