Opinions

Latest Ethereum Software Client Takes Enterprises in Consideration

The new Enterprise Ethereum is a product of bringing together the strengths of the public and private blockchains; a large developer community while also taking in consideration the needs for privacy and permissioning of the enterprise.

PegaSys, a team of 50 engineering experts at the global blockchain software technology, ConsenSys, built a home for ethereum-based services, Pantheon. This version of the blockchain separates itself from other versions as it is the only version of blockchain that has an Apache 2.0 open-source software license while all other versions previously acquired the general public license (GPL), and to add icing to the cake, it uses Java as its primary programming language.

These are interesting features for one software to be able to attract more users and building a larger community. It is no hidden fact that Java is the programming language that brings a massive coder community with itself and has features that can be really helpful for businesses. Further, the prime essence of possessing the Apache 2.0 open-source software license is the ability for businesses to retain and monetize the patents or copyrights that are created when building on top of Ethereum.

The introduction of the Enterprise Ethereum will be a step towards improvement from a business point of view as it carries the Apache 2.0 license that allows users a free hand to use the software for any desired purpose including modification, distribution and what not. Moreover, the use of Java programming language has perks of its own, for example, the tools it has that can help users and the vast coder pool that uses Java can also be really helpful for the software users.

Faisal Khan, head of strategy and business development at PegaSys gave his insights on the possession of Apache 2.0 open-source software license, saying:

When I used to work on the consulting side of the house at ConsenSys, basically legal departments would just throw up a roadblock if you try to use a GPL in production.

Khan said that the Apache 2.0 license may as well save the enterprise from the pain of dealing with legal departments all the time. He recalls his experience using the general public license (GPL) for production and explains how it became hard for him to carry out the processes due to interventions by legal departments. So, there is hope that the Apache 2.0 licensing may allow businesses and operations to carry out smoothly without overwhelming external interference.

The drive to introduce the Pantheon Core was due to the fact that there was no client previously that focused on building for the ethereum user community and which followed the standards set by the Enterprise Ethereum Alliance (EEA), said Khan. So, the organization’s aim to introduce this enterprise was to cater both departments and not compromise any, as both matter equally.

Khan also believes that Pantheon will launch by pairing the standard ethereum application programming interfaces (APIs) and ethereum virtual machine (EVM) calls. Pantheon will also find a place for other clients such as Geth and Parity, as both use different programming languages.

The official release of the full version of Pantheon is expected to be next year which will have enhanced privacy and permissioning controls that will be most beneficiary for the banks and other financial institutions. The head of strategy and business development at PegaSys also confirmed that Pantheon is currently working in collaboration with the Wall Street Bank on this matter.

In previous attempts, there have been struggles to introduce Apache licensing in the ethereum world and a few names like Burrow and Sawtooth have been exemplary in this regard as they integrated ethereum with Apache with the additional integration of Hyperledger with ethereum and it proved beneficial for them.

Faisal Khan was no doubt impressed by the progress these names (Burrow and Sawtooth) made, but he himself was keen on introducing a substitute which would be completely ethereum based.

He further explained how the current licensing procedures have not slowed down people from carrying out their operations i.e. building tools and even going into the production phase. However, his opinion looks into matters differently:

But using Apache license gives people the ability to create a module that integrates with, or sits on top of Pantheon and then you can license that and create a business model around that, which we think is a pretty powerful incentive.

Therefore, the introduction of Pantheon will provide users opportunities to create and enhance their businesses, mainly due to the addition of the Apache 2.0 open-source software license.

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Jaudat Sulehri

A management student, sports enthusiast and a writer. Jaudat gives his insights on the cryptocurrency in the world of trade and blockchain technology in particular. He also holds investments in XRP and BCH. Email: jaudat@blockpublisher.com or contact the editor at editor.opinions@blockpublisher.com

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