Eris Industries, a startup that writes free and open-source software allowing anyone to enable blockchain technology for self-executing smart contracts, compliance functions and nonfinancial applications, has announced the release of the beta version of the Eris 0.1 platform.
Eris Industries, which is widely known in the bitcoin community for having worked on an open source platform to replace the Bitcoin Foundation as part of a US$100,000 contest, has made „a significant step forward for [its] work,“ releasing on August 19, Eris 0.10 in beta.
Eris 0.10 is an application platform that allows users to build, test, deploy and operate their own „secure, low-cost, run-anywhere data infrastructure using blockchain and smart contract technology.“
Eris Industries‘ software stack allows people but also organizations, including communities, businesses and governments, to use smart contracts to „manage their data-driven relationship on their own.“
„Our goal at Eris Industries is to empower developers to embrace participatory software architecture via distributed computing and smart contract systems,“ Eris Industries’ CEO Casey Kuhlman, said.
The platform is an open-source suite of applications, free of charge. Applications are designed to create fully operational and legal Distributed Applications (Dapps) and Distributed Autonomous Organizations (DAOs).
DAOs can be thought as organizations that run without any human involvement under the control of an incorruptible set of rules. These rules are typically implemented as publicly auditable open-source software distributed across the computers of their participants.
Dapps and DAOs have many advantages over centralized alternatives. Typically, centralized systems are expensive to operate and administer and get more expensive when scaling.
Decentralized distributed systems, on the other hand, are more secure as there are no central points of control or failure that can be attacked. Furthermore, DAOs, but also DACs (decentralized autonomous corporations/companies) are transparent in the way that their books and business rules are auditable by all.
Earlier this month, big four accountancy firm Deloitte said it has been testing new distributed ledgers technology from Ethereum, Ripple Labs and Eris Industries as part of „a process to align itself with the right groups for its clients,“ reported the International Business Times.
„We started a few weeks back on this kind of deep dive at a technical level,“ Matthew Spoke, a senior consultant at Deloitte Canada, told the news service.
„The big ones we are looking at include Ethereum, include Eris, we have done a little bit of work with Ripple just to look at what they are suggesting, what they are working on. […] Our intention is not to reinvent what others are doing, but to kind of align ourselves with the right groups and then add kind of an enterprise level value to that – how do we get this into the hands of the biggest companies, clients of Deloitte that are interested in testing concepts with this technology.“
The firm has made an investment in a team in its Toronto office to explore how distributed ledgers technology could impact its business, Spoke said.
Watch Eris Industries‘ video presentation: