Highlights:
To date, the vast majority of enterprise blockchain applications have been built on private permissioned blockchains. Security and privacy are the most significant reasons for enterprise resistance to public blockchains. Today EY, Microsoft and ConsenSys unveiled the Baseline Protocol. The aim is to empower enterprises to adopt the public Ethereum blockchain for complex and confidential processes, without storing sensitive data on-chain.
ConsenSys’ John Wolpert, who was also on the founding team of Hyperledger Fabric, explained what Baseline is and isn’t: “This is not a platform. It’s not a product. It’s not a coin, a token. It is a way of using the main net (public Ethereum) that will be acceptable, we think, to very conservative corporate CSOs (chief security officers), CIO, CTOs, where they can finally say, yep, it’s okay to use the main net in this way.”
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