What does the Baseline protocol intend to achieve?

It is an open-source smart contract & tokenization platform built on Ethereum blockchain which secures business processes

Privacy has become the center point of concern for businesses and enterprises with an ever-increasing number of cybersecurity threats. And this where his novel protocol provides an opportunity for secure enterprise blockchain solutions for private business processes.

Based on top of the Ethereum blockchain, Baseline is a smart contract and tokenization platform which employs zero-knowledge proofs, off-chain storage and distributed identity to provide solid security to private enterprise data against cyberattacks and other privacy concerns.

Big four auditing firm Ernst & Young in collaboration with industry bigwigs Microsoft and ConsenSys have recently announced Baseline — an open-source package of blockchain tools that focuses on securing business processes. The supply chain project which was initiated in mid-2019 (codenamed Radish34) by the three companies improves on the past approaches which had difficulty keeping up with the highest standards of privacy & security.

“Over the last two years, EY has been advancing the state of the art for…