Baseline Demo Showcases Secure Enterprise Collaboration on Ethereum

The Baseline Protocol has successfully executed a proof-of-concept in which multiple companies privately and securely synchronized data and managed purchase orders on top of the Ethereum (ETH) mainnet.

The concept demonstrates how enterprises can use the protocol to securely collaborate in executing business processes over Ethereum without exposing valuable proprietary data.

Baseline Protocol’s development was spearheaded by ConsenSys, Microsoft, and Ernst & Young.

Baseline concept advances enterprise use-cases for Ethereum

On May 21, Baseline Protocol published a demo detailing “multiple companies digitally managing purchase orders and volume discount agreements across disparate systems” on Ethereum.

The concept’s stakeholders used two different Enterprise Resource Planning (ERP) systems — Microsoft Dynamics and SAP, which were able to maintain synchronicity via blockchain “without exposing information about business activities or relationships to competitors or the…