What is Baseledger?

What is Baseledger?

Baseledger is a public-permissioned, council-governed blockchain network that fulfills the major requirements of enterprise organizations for participating in Baseline-enabled processes: A unified architecture ensuring service quality, data privacy and integration.
  1. Baseledger is designed to support the Baseline approach, enabling a production ready architecture at enterprise scale, compliant with the the Baseline Protocol
  2. Baseledger is designed to support a variety of uses cases, without technical or architectural limitations to specific verticals
  3. Baseledger understands integration as a key issue to all use cases and includes this in the core of the Baseledger Architecture of Architectures
  4. Baseledger is built around the main enterprise requirements for service quality
  5. Baseledger is built with focus on regulatory compliance and data privacy
  6. Baseledger equips enterprise ecosystems with best-of-breed infrastructure for adopting the Baseline protocol using pluggable Layer 1 and Layer 2 consensus mechanisms

Baseledger, is open source project initially developed by Unibright, is the first public blockchain designed for storing and managing baseline proofs, which are an essential part of synchronizing systems of record across the internet in accordance with the Baseline Protocol. The high-performance, high-availability network provides verified systems integration services at very low cost, without requiring companies to spend time and capital setting it up. Baseledger complies with the Baseline Protocol to ensure that no data is moved from companies’ systems of record onto any kind of blockchain, and proofs cannot be used by an observer to learn anything about companies’ confidential information, relationships or business activities. The network is secure, always-on, and anchored to the Ethereum blockchain using a cryptographic technique called ZK Rollups to prevent tampering with the proofs.

Users storing proofs on the network enjoy fixed transaction fees, denominated and paid in fiat currency. They do not need to hold any form of cryptocurrency to pay for the service. Network governance and transaction settlement are powered by UBT, short for Universal Business Token, an Ethereum ERC20 token originally issued by Unibright in 2017. Since transaction fees remain stable even if $UBT rises in value, organizations can use Baseledger without concern over price volatility.

Find more details on baseledger.net

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