10 reasons why standards matter for Ethereum - Part 2: The #Buidlers
In the first part of this mini series, several prominent community leaders from Hyperledger, the Ethereum Foundation, W3C and others, gave their opinion on why standards are so important for Ethereum.
In this second part, we reached out to the following teams working on Enterprise Ethereum client implementations to get their perspectives.
- Autonity by Clearmatics
- Strato by BlockApps
- Quorum by J.P. Morgan
- Hyperledger Besu by ConsenSys’ PegaSys
We also thought it would be good to get the perspective of John Wolport at ConsenSys. John is the chair of the recently launched Baseline protocol which is driving adoption of the Ethereum Mainnet in Enterprise.
Again, we’ve provided the full quotes to ensure that the strengths of the messages provided have their full impact!
Autonity by Clearmatics is focussed on providing the distributed financial market infrastructure of the future. They are designing, building, and deploying peer-to-peer platforms for financial industry participants to transact seamlessly and securely without unnecessary intermediaries.
“Ethereum's EIP's follow the internet standards traditions of IETF, W3C, etc. in being open, problem-focused, engineering-led, and largely free of corporate bullshit. This approach to standards is a defining characteristic of our community and a key element of its success.”
Founder and CEO, Clearmatics
Strato by BlockApps is an enterprise-focussed platform. It allows companies to build extensible business networks that serve as the transactional and collaboration backbone for end-to-end business processes while enhancing security, performance, trust, and transparency in the business value chain.
“As one of the leaders in Enterprise blockchain, BlockApps is always looking for ways to drive adoption, and open standards play an important part of this. We help develop and implement open standards through the Enterprise Alliance because our customers, which range from Fortune 500s to startups, want to know their blockchain solutions are future-proof and portable.”
Founder and CPO, BlockApps
Hyperledger Besu by ConsenSys’ PegaSys group is an enterprise-friendly client for both public and private permissioned network use cases. It delivers the most reliable, scalable and easy to use platform for mainnet and enterprise.
"Ethereum's greatest strength is our community. The community drives experimentation, innovation and software development. In this context, standards are absolutely crucial to ensure we leverage that experimentation and innovation while still having a unified community with interoperable software ventures."
Co-founder and Program Director, ConsenSys’ PegaSys
Quorum by J.P. Morgan created a significant stir when it was first released back in November 2016. It has since emerged as one of the leading enterprise-ready blockchain platforms. It's an open source blockchain platform and set of tools that combine the innovation of the public Ethereum community with enhancements to support enterprise needs at scale.
“Ethereum is a continuously developing and innovating platform with an exceptional developer community and significant adoption. We were inspired to make this platform available for every enterprise and industry through Quorum since 2016. EEA enables us to work on standards with other emerging clients for seamless adoption”
Head of Quorum Engineering at J.P. Morgan
The Baseline Protocol is an open source initiative that combines advances in cryptography, messaging, and blockchain to deliver secure and private business processes at low cost via the public Ethereum Mainnet. The protocol will enable confidential and complex collaboration between enterprises without leaving any sensitive data on-chain.
"In software, standards without code is just talk, but protocol code without at least a path to a standard is either a one-off or a mess. It's time for industry standards for how we work with the global Mainnet."
Provisional Chair, Baseline Protocol
Group Executive, Enterprise Mainnet Products and Technology, ConsenSys
Strong foundations for better longevity
So there you have it, a cross section of key stakeholders provide some context on the importance of standards for Ethereum in the Enterprise. Without the significant contributions of these individuals and their wider teams, we would not have the strong foundations for the standards that exist today for Ethereum in the Enterprise.
With the global period of uncertainty we’re in currently, the role of standards becomes even more important in ensuring that whatever happens, people investing in technology can be confident they’re investing in something with the potential for greater longevity than the firm supplying it.