Industry leaders donate code to public domain through non-profit standards body, OASIS, and join fourteen founding organizations to further develop Baseline Protocol.

New York, NY —

Today,

EY

and

Consensys

announced the formation of the Baseline Protocol in collaboration with

Microsoft

. The Baseline Protocol is an open source initiative that combines advances in cryptography, messaging, and blockchain to deliver secure and private business processes at low cost via the public Ethereum Mainnet. The protocol will enable confidential and complex collaboration between enterprises without leaving any sensitive data on-chain. The work will be governed by the

Ethereum-Oasis Project

, which is managed by

OASIS

and funded by the

Ethereum Foundation

and the

Enterprise Ethereum Alliance

.