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EEA Opens Sandbox

The Enterprise Ethereum Alliance (EEA) presently announced the establishment of a development sandbox for member organizations to test their blockchain and distributed ledger technology (DLT) initiatives.

EEA Opens Sandbox iBase Trading.
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To test its blockchain and distributed ledger technology (DLT) activities, the Enterprise Ethereum Alliance (EEA) announced the creation of a development sandbox.

The EEA created the sandbox alongside Whiteblock, a corporate testing, and development service provider.

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DiMarzio said EEA members can use the TestNet to collaborate with partners on developing blockchain apps that can transport data back and forth, as well as work on internal projects.

According to EEA Community Director Paul DiMarzio, the EEA’s main goal is to encourage interoperability in the marketplace so Ethereum-based goods can work together. This can only be achieved by multiple people working together in the same testing environment.

Among the EEA’s 200 members are Intel, Microsoft, FedEx, and PGE. Banks like JP Morgan Chase, Banco Santander, and John Hancock Life Insurance are engaged.

Also, DiMarzio claims the group includes both IT providers and users – both firms that generate and consume technology. Their males are huge and tiny.

Testing Working Group

The EEA’s Quorum development team is a member of the Testing Working Group that designed the new testnet. Thus, the Working Group has 20 members.

Also, early testing can assist companies to prepare for the EEA’s Certification Program later this year.

To guarantee that solutions comply with EEA standards, Group will use TestNet to build and deploy the Certification Program.

Dan Heyman, co-founder, and director of PegaSys, an EEA member company, said they want to explore a range of scenarios. Ex: public transactions, private transactions, permissions, block validation, and IBFT consensus. The Istanbul Byzantine Fault Tolerant mechanism.

This version of Ethereum uses Hyperledger Besu, a Java-based open-source client. PegaSys will soon release Hyperledger Besu.

Heyman claims their use of the TestNet indicates potential enterprise use cases. According to him, the EEA TestNet can be used to assess current clients’ compliance with EEA requirements.

For testbeds to work, governments must collaborate with businesses interested in blockchain. Testbeds help regulators better grasp the benefits and risks of blockchain technology.

Deliberation and the establishment of cooperative regulatory sandboxes can help a government understand blockchain technology.

Unlike prior industrial sandboxes, the EEA’s TestNet lacks central coordination and supervision. Whiteblock’s Genesis, a blockchain, Web3, and distributed systems test/dev platform, decreases costs, according to CEO Zak Cole, who is also chair of the EEA Testing and Certification Working Group.

EEA TestNet has its own IP and logical environment

The EEA TestNet has its own IP address and logical environment (Whitebox). A wide area network (WAN) connects the nodes. Adjust the links between nodes to simulate packet loss, delay, and bandwidth constraints.

Also, the application uses smart contracts to automate network transactions and measure throughput.

Cole says load testing, security testing, and fault tolerance are all required. It’s as simple as having your own private network that allows you to do whatever you want.

Moreover, to participate in the testnet, EEA users can utilize distributed web application extensions like MetaMask or any EEA endpoint to run distributed apps (dApps) on their browser without running a complete Ethereum node.

The standards group can analyze any test’s outcomes in depth. Because it’s a regulated testnet and the EEA can monitor every node, Cole says.

Thus, Cole said that everything from creating the test criteria to automating the procedure will handle it. It’s a managed service, not a testnet.

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Abby Hernandez is an independent crypto writer for iBaseTrading. She is passionate about NFT, decentralization and anything related to blockchain technology. She has worked in the financial sector for 7 years and loves yoga and dancing.