Unibright presents study on the “Usage of the Baseline Pattern at European Investment Fund”
Unibright conducted an internal workshop with EIF representatives and decision makers in March 2021 and has been commissioned to deliver a feasibility study. This study on “Usage of the Baseline Pattern at European Investment Fund” is now published.
The presented study examines the use of concepts and models of the Baseline Protocol in the context of the introduction of an EU-wide Intermediated Financing Platform at the European Investment Fund. The individual basic concepts of the Baseline Protocol are presented and evaluated for their applicability to the given application.
The study can be downloaded here: https://unibright.io/download/unibright_study_baseline_eif.pdf
The authors of the study recommend the introduction of the Baseline Patterns and concepts in the design phase of the EIF Intermediated Financing Platform. A proof of concept including a sample implementation using Baseledger and the Baseledger Proxy secure the assessments.
Ewen McMillan, Head of Corporate Strategic Development at European Investment Fund (EIF) states:
“We are pleased that Unibright have chosen to undertake this study. At EIF, it can be expected to feed into our thinking as we consider design and technology aspects of the digital transformation of our business that we are embarking on. Part of the attraction of ‘baselining’ for us is its simplicity and general application to repetitive multi-party workflows, without replacing or influencing existing systems of record, and the fact that the data itself remains safeguarded and outside of the public domain.”
The study shows how the transfer of individual, partially uncoordinated process steps into a workflow-based solution brings advantages which are reflected in higher maintainability, easier adjustment of details, greater automation and, last but not least, in the fact that they can be tested more easily in an automated manner.
Potential extensions in the direction of limited or zero knowledge are not explicitly necessary in order to implement the desired use case, but are also discussed as a potential extension of the platform.
Parties clearly benefit from a standardized process that relies on many comparable cases, without being suspected of being a “data collector” in the negative sense of existing centralized platforms: The baseline patterns supports automation, scaling potential and inclusion of 3rd parties, without putting any of the applicant’s information at risk of being exposed to an unintended use.
The authors of the study recommend the introduction of the Baseline Patterns and concepts in the design phase of the EIF Intermediated Financing Platform.
About Unibright: Unibright is a team of blockchain specialists, architects, developers and consultants with 20+ years of experience in business processes and integration. Unibright offers Consulting with Unibright Solutions, Low-Code-Integration Tools with the Unibright Framework, programmable DeFi with Unibright Freequity, and the Universal Business Token UBT. Unibright is engaged in the Baseline Protocol, offers Baseledger as a solution to orchestrate and trust-enhance B2B processes and offers ERP-Blockchain-integration with Partners like Concircle.