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I don’t know if the Enterprise Ethereum Alliance (EEA) is something you have heard of before?
If not then I would like to explain what the EEA is and also talk a bit about why it matters and how it can help drive blockchain adoption and Ethereum success.
Some of the world’s biggest and most well-known brands are today members of the EEA. And they are actively working on creating tomorrow’s solution built on the Ethereum blockchain.
Right now the blockchain space is a very explorative space. There is yet no real mass adoption in terms of millions of people aroiund the world that are using blockchain technology in their lives.
Right now when I look around this space by visiting online blockchain and crypto forums, researching new technologies and businesses, I find that another key indication of why blockchain technology is still in its infancy space is due to the people engaging with it.
I primarily find three types of users that engage with the space and tech:
1 ) First is the people that building stuff
These are the people building for Ethereum, EOS, Bitcoin, etc. Either they come from a very technical background and are focused on solving the scalability and adoption issues. Or they are coming from a more entrepreneurial / business area
2 ) The second group is the big businesses exploring the value and ROI of blockchain
Here we got businesses of various sizes exploring the use cases of blockchain. And how they could move into using it for any future products or services.
They could be creating their own internal blockchain teams. Or using a consultancy to help them navigate and understand the potential of blockchain.
3 ) And last we’ve got the investors (retail and institutes) who are looking to profit from cryptocurrencies
And the final group is the investors. Retail investors like you and me. Or the bigger firms and investment companies that are looking to profit from trading or holding cryptocurrencies.
Or even investing in the blockchains themselves as VC investors or similar.
But outside of these three groups of core users there lack any clear understanding or purpose that blockchains, or even cryptocurrencies play.
But that could hopefully also be changed by the fourth group of people. The advocators.
And here we can see several groups of people with a passion and interest in this space continuously buildign and networking for the advancement of blockchain.
And EEA being one outlet, others can be found in other decentralised groups and communities. Often tied to Ethereum. But they are evident for most blockchains.
What is the Enterprise Ethereum Alliance (EEA)?
It is an open member-led organisation with a specific interest in the development of Ethereum, and Ethereum-based products and services.
If you visit their website you can find a clearer purpose of the EEA by reading their mission statement:
“Enable organizations to adopt and use Ethereum technology in their day-to-day business operations.”https://entethalliance.org/about/
So the EEA both creates technical and industry specifications and blockchain certifications. Which different users can take advantage of and gain a better understanding of blockchain and Ethereum.
They also have open membership groups where people from different industries and roles can meet up to discuss, collaborate and work within different sectors. This could be for new financial services, healthcare, automobile, insurance, etc.
So a meetup part where you can find others with similar interest and explore different options together.
Who is the Enterprise Ethereum Alliance (EEA) for?
The EEA is as the name says for Ethereum and enterprises.
Specifically you could say the EEA is for:
- Helping enterprises learn about Ethereum and blockchain
- Helping them to figure out how to build new stuff on Ethereum (private or public Ethereum)
- Bring businesses, developers and Ethereum developers and startups together (think DeFi and business collaborations)
- Create technical documents, guides and industry standards
The EEA wants to build movements, help to create technical guidance, run events, etc. Both businesses that want to explore how they can use and build on Ethereum in the future.
Then you have Ethereum with all the developers and startups that are currently building the future of dApps.
It’s been evident that since the birth of the blockchain and the launch of Ethereum that this technology needed help to go from the idea phase or proof of concept to real-world products and with global spread and mass adoption.
Here the EEA comes in. But so does other groups and member-led organisations, and DAOs. DGOV being one of them.
So ultimately the EEA wants to build a foundation and springboard for new Ethereum-based services and products.
Similar to the blockchain space where we’ve got numerous amount of new blockchain platforms, like Ethereum and the rest we need ways to better collaborate between different blockchains we also need better ways to collaborate between different businesses.
So that’s fundamentally what the EEA wants.
Who are part of the EEA today?
- Find the membership list here (not fully updated though as far as I know)
How can the EEA help Ethereum and blockchain adoption?
Some of you with who are a bit more familiar with Ethereum and the EEA might argue that lots of these enterprises that are building on Ethereum aren’t actually building on the public version of Ethereum.
That’s true for several reasons:
- Due to the current issues around Ethereum’s capacity (scalability, etc) – yet
- Due to the fact that many businesses are still exploring and they rather do so in a close environment – initially at least
- And lastly there are parties that will never fully build on the public version of Ethereum because they want certain control aspects and limit exposure/accessibility.
But the last category isn’t a bad category, nor bad for Ethereum. There are many use cases where the last group of privately built Ethereum blockchains might need to speak with other private blockchains.
And here the public Ethereum comes in to fulfil this need. So just because some businesses are building on private blockchains today doesn’t mean they will continue to do so in the future.
It’s about timing and value. And right now the public version of Ethereum can’t meet the needs of these businesses in current for.
But Ethereum 2.0 will take the next step to make this possible.
For me the main benefits of what the Enterprise Ethereum Alliance can do for Ethereum and blockchain adoption are:
1 ) Bring awareness to blockchain technology, how it works and what value it could bring to the businesses
2 ) Create a more standardised way for businesses to collaborate and work together with new industry standards, guidance, and certificates
3 ) Generate new businesses leads that will bring more business to Ethereum and increased interest and awareness to the entire blockchain space
4 ) Help Ethereum-based startups in different sectors meet with new businesses and help them go from startup to successes
How can I become part of the EEA?
If you are intrigued by the idea of the Enterprise Ethereum Alliance and you are wondering if it could be of interest to you but not sure how, or why exactly?
Then I think it definitely be something worth looking into. Specifically if you are today:
- Working for enterprise businesses that yet have ventured into blockchain technology. Maybe the EEA can help you learn how this could bring you future value and revenue
- You are working for an Ethereum-based startup and you are looking for businesses to use your products or services. Or you are trying to find out more from the industry about what use cases are sought after
- You are working in the financial, automotive, insurance, telecom, etc business and you want to discuss use cases of blockchain and Ethereum with other likeminded business people
If you are curious and think the EEA could be something for you then visit their website and learn more!
In many ways the EEA is just another one of hundreds of industry membership groups. And these can sometimes be very promising as an idea or concept but difficult in reality to reach that potential.
The EEA is doing a lot of intersting work and sometimes it can also be hard to see the value it always bring to the table. At least if you are a true fan of Ethereum the public blockchain or an investor of ETH and you want the public version to grow in usage and adoption.
But sometimes these initiatives and even private blockchains can have a positive longterm effect on ETH and create a ripple effect.
I am following the EEA from the sidelines to see what value they will help to generate for Ethereum and other blockchains. And then as an investor of ETH I also hope that it can be one of many positive things that will help to drive the price of ETH up.
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Hello and welcome to Go Cryptowise.
My name is Per Englund and I’m a long-term fan and investor of Bitcoin and other cryptocurrencies. I’ve been around the space for a good few years, learning how it all works and to be a part of this engaging community.
Now it’s time for me to share my experience with others. I am also a business and product developer so I know first-hand what it takes to create a successful product, brand and customer experience.
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