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Description
New York, NY, March 4, 2020 - Today, EY, ConsenSys, and Microsoft announced the formation of the Baseline Protocol, 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.
Unibright will play a major role in developing the Baseline Protocol, which is about connecting traditional systems to each other via Ethereum Mainnet. The Unibright Framework will be "baseline ready" to support visual smart contract modelling, generation, connection and monitoring of baselined processes.
The protocol will enable confidential and complex collaboration between enterprises without leaving any sensitive data on-chain. The work will be governed by the Ethereum-Oasis Project, which is managed by OASIS and funded by the Ethereum Foundation and the Enterprise Ethereum Alliance.
The Baseline Protocol has already brought together more than a dozen companies and organizations that will form its technical steering committee (TSC), including EY and Microsoft. Unibright is among those founding members, as mentioned in the official press release: https://consensys.net/press-releases/
In this video, Stefan Schmidt (Co-Founder and CTO of Unibright) explains some backgrounds on the Baseline Protocol and the role of Unibright, the Unibright Framework, Unibright Solutions and Unibright Freequity.
Blog post on Unibright's medium channel: https://medium.com/@UnibrightIO/the-baseline-protocol-ethereum-for-enterprises-with-the-help-of-unibright-38c857788ce7
A
Good
morning,
everyone
or
good
afternoon,
wherever
you
are
located,
my
name
is
Stefan.
I
am
CTO
and
co-founder
of
uni
bright
and
today,
I
want
to
present
the
baseline
protocol,
a
theorem
for
enterprises
with
the
help
of
uni
bride,
so
the
baseline
protocol
and
is
an
open
source
protocol
for
secure
and
private
business
processes
by
our
public.
A
If
you
remain
it
and
it's
an
open
source
initiative
that
has
been
founded
by
Microsoft
consensus
and
ey
and
they
developed
some
very
exciting
stuff
over
the
last
months
in
years,
spent
millions
on
the
initial
development
and
now
are
donating
the
current
state
of
the
development
to
an
open
source
initiative
under
the
Oasis
foundation
and
among
the
about
10
to
14
founding
members.
Uni
pride
is
also
a
part
of
it
and
we
are
very
happy
about
it,
and
we
want
to
explain
you
why.
A
If
you
take
a
look
at
uni
pride,
our
main
mission
is
to
bring
blockchain
closer
to
enterprises.
We
do
this
with
all
our
verticals,
for
example,
the
solution
vertical,
where
we
offer
workshops
and
consulting
services
to
explain
enterprises
what
benefits
blockchain
brings
and
how
they
can
use
it
for
their
own
business
processes
and,
of
course,
are
our
main
vertical.
A
The
unified
framework,
an
integration
framework
with
a
no
coding
approach,
where
you
can
define
business
processes
visually,
then
generate
smart
contracts
automatically
and
also
conduct
connect
them
to
of
chain
systems,
and
when
we
are
talking
to
two
enterprises,
it's
all
about
adoption.
There
are
some
major
concerns
that
enterprises
still
have
when
it
comes
to
using
blockchain
and
besides
understanding
what
blockchain
can
do.
It's
always
about
the
3p
privacy
permission
and
performance.
These
are
the
major
concerns
that
enterprises
have
these
days
when
it
comes
to
using
public
blockchain
for
business
processes.
A
So
the
privacy
issue
is
that
they
are
just
concerned
of
putting
sensitive
data
on
chain
that
might
be
sodomized
but
still
available
to
the
complete
world.
It's
about
permission
so
who
is
allowed
to
be
part
of
my
process?
Who
was
allowed
to
track
my
data
to
see
my
data
or
to
add
additional
data
to
my
process
and,
of
course,
it's
about
performance.
A
So
this
is
the
the
major
misunderstanding
in
in
our
feeling,
from
from
uni
price
perspective,
that
still
many
enterprises
see
block
changes
as
a
distributed
database,
and
then
they
compare
performance
from
a
a
classic
traditional
database
system
on
a
big
scale.
Server
centralized
server
to
a
public
blockchain,
and
the
great
thing
about
the
baseline
protocol
is
that
it
solves
all
these
issues
for
enterprises
and
offers
a
protocol
for
secure
and
private
business
processes
via
the
public
etherion
blockchain.
A
From
now
on,
we
will
refer
to
the
public
available
etherium
blockchain
in
this
context
as
the
ethereal
main
net.
So
it
is
the
same
if
your
own,
that
all
of
us
know
that
we're
tokens
live,
we're
smart
contracts
live
and
the
major
improvement
of
the
baseline
protocol
is
that
it
understands
the
main
net
as
middleware.
So
this
is
a
different
thinking
approach.
It's
not
a
distributed
database.
It's
not
a
world
computer
utilizing
smart
contracts.
A
It
still
is
all
that,
but
it
is
middleware
because
that
it's
what
the
main
that
is
best
that
it's
always
on
it's
available
its
unrestricted
everybody
can
participate.
You
if
you
use
it,
you
pay
per
use
with
with
gas
costs
that
you
need
further
for
the
blockchain,
and
the
idea
of
the
baseline
protocol
is
to
establish
a
protocol
that
companies
like
uni
bride
can
build
their
products
upon,
and
the
idea
is
to
have
many
locally
private
networks,
interacting
also
with
off
chain
systems.
A
They
are
called
systems
of
record
in
this
context,
for
example
in
SA
P
system
or
other
ERP
or
CRM
systems,
and
using
the
main
net
as
a
common
frame
of
reference.
So
every
time
a
business
process
or
a
state
of
a
business
process
changed
in
a
private
network,
the
public
available.
If
the
arome
net
is
used
as
middleware
to
synchronize
the
states
and
to
build
a
common
frame
of
reference
for
us,
it
is
very
important
to
be
part
of
this
initiative
from
the
very
beginning
because,
as
I
said,
it's
open
source.
A
So
we
can
actively
contribute
to
building
standards
that
all
enterprises
will
be
able
to
use
and,
at
the
same
time
build
for
protocol
in
a
way
that
our
products
can
be
developed
alongside.
So,
for
example,
the
unified
connector
one
of
our
major
major
products
is
all
about
integrating
off
chain
systems
to
to
blockchain,
and
the
baseline
protocol
will
be
a
huge
and
a
blur
to
do
so
and
to
build
on
standards
and
not
having
to
do
anything
from
scratch
for
each
new
client.
A
Technically,
all
about
baseline
is
build
around
micro
services.
It's
a
micro
service
architecture.
So
in
this
example,
you
see
two
micro
services.
This
could
be
two
different
companies,
both
running
their
own
micro
service
architecture,
consisting
of
four
components:
the
baseline
API,
which
is
the
main
gateway
to
communicate
between
different
micro
services
and
using
the
main
net
and
registrar
contracts
on
the
main
net.
A
As
a
common
frame
of
reference
and
then
you
have
a
queuing
system,
you
have
a
messaging
service
where
you
can
communicate
to
other
micro
services
apart
from
the
business
process,
and
you
have
zero
knowledge
proof.
So
a
component
that
builds
trust
full
States
of
whatever
business
data
coding.
There
will
be
a
lot
of
work
to
do
within
the
protocol
and
also
with
the
products
using
it.
But
these
are
the
components
that
are
defining
baseline
microservice
right
now
and
for
unit
bride.
A
A
All
of
them
can
use
the
UNEP
right
connector
to
connect
to
their
systems
of
record
on
the
main
net
we
have
within
the
baseline
protocol,
the
definition
of
new
smart
contract
types
interfaces,
the
registrar
contracts
and,
of
course,
with
a
no
coding
approach
of
the
framework
of
the
unified
framework.
You
can
directly
create
all
the
contracts
that
you
need
to
make
your
own
baseline
process
up
and
running.
A
So
the
complete
baseline
protocol
will
also
be
a
technical
and
a
blur
for
all
these
tokenization
services
and,
of
course,
for
uni
bride
being
part
of
the
the
baseline
protocol
from
the
very
beginning,
also
with
the
EI
task
force
on
integration,
eminent
and
the
use
case.
Task
process
where
you
new
bride,
is
both
part
of
will
bring
us
into
position
to
to
offer
even
more
workshops
and
educating
for
all
the
interested
parties
and
enterprises
that
want
to
make
use
of
that
new
aetherium
for
enterprises.
A
All
the
unified
products
will
still
work
as
they
are
working
now,
so
you
can
still,
of
course,
use
the
framework
to
generate
smart
contracts
on
that
are
running
on
public
etherium,
but
now
we
also
have
the
the
missing
link
that
we
have
been
waiting
for
to
bring
enterprises
closer
to
using
blockchain
and
the
main
net
and
without
dealing
with
the
argument
of
privacy,
permission
and
performance
anymore.
There
is
a
lot
of
material
to
come.
There
will
be
a
lot
of
blog
posts
from
our
participants
and
also
proof
of
concepts
and
demos.
A
So
we
also
published
first
explainer
a
block
on
our
unified
IO
web
site,
giving
an
overview
about
the
key
features
and
how
the
architecture
works.
So
we
all
invite
you
to
visit
our
website,
visit
our
medium
block
and
our
community
channels
and
stay
connected
for
the
future
development
of
the
baseline
protocol.
Thank
you.