and funded by the Ethereum Foundation and the Enterprise Ethereum Alliance, will preside over the working of the Baseline Protocol.<\/span><\/p>\nAccording to ConsenSys, they and Microsoft also launched public Ethereum-based supply chain project codenamed Radish34 that enabled real-time volume discount calculation across a series of purchase orders. These efforts led the firms to the creation of Baseline Protocol which is completely a new a way of using blockchain tech for businesses.<\/span><\/p>\nJohn Wolpert, Group Executive for Enterprise Mainnet at ConsenSys, commented:<\/span><\/p>\n\u201cA lot of people think of blockchains as the place to record transactions. But what if we thought of the Mainnet as middleware? This approach takes advantage of what the Mainnet is good at while avoiding what it\u2019s not good at.\u201d<\/span><\/em><\/p>\nPaul Brody<\/strong>, EY Global Blockchain leader commented:<\/span><\/p>\n\u201cOver the last two years, we have been advancing the state of the art for private, secure transactions on public blockchains. This takes the groundwork we have built and starts filling in gaps such as enterprise directories and private business logic, so companies will be able to run end-to-end processes like procurement with strong security.\u201d<\/span><\/em><\/p>\nCode was made available to early group of testers and 14 founding companies to further develop Baseline Protocol yesterday and will be available to general public in coming days.<\/span><\/p>\n\n","protected":false},"excerpt":{"rendered":"
Leading Ethereum development studio ConsenSys and EY, a member firm of Ernst & Young Global Limited, has announced the formation of Baseline Protocol in collaboration with Microsoft to support enterprise business on public Ethereum Blockchain.<\/p>\n","protected":false},"author":4,"featured_media":18292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,74],"tags":[5037,4679,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/23253"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=23253"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/23253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/18292"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=23253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=23253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=23253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}