Features and Benefits
Today‘s public blockchains like Ethereum are ideal solutions for cryptocurrency and Decentralized Finance (DeFi),which both benefit from a distributed, opaque network. However, enterprises using the Baseline Protocol, have vastly different requirements for public ledgers, which are fulfilled by Baseledger:
The standard setup involves Baseledger itself as the ledger to support Baselined processes. Additionally, Baseledger is always the underlying Ledger for coordinating multi-chain setups, e.g. those combining Baseledger with Ethereum for DeFi.
Unibright offers the first productive solution (show in projects with clients like CONA and Fraunhofer IPK) to baseline business processes and IoT scenarios, and automatically connecting to off-chain systems like SAP ERP or Microsoft Dynamics.
Next-Gen Enterprise Ledger
Bitcoin and Ethereum gave birth to the idea of decentralized ecosystems with Proof-of-Work based blockchains for cryptocurrency safety and core programmability, but fall short on performance, costs, compliance and enterprise usability.
Baseledger constitutes a public, council-governed blockchain using a Proof-Of-Stake consensus mechanism that enables low, fixed costs, guaranteed high performance, data privacy compliance, multi-chain-coordination and off-chain integration by design.
| Bitcoin | Ethereum | Baseledger | |
|---|---|---|---|
| Usage | Decentralized Cryptocurrency | Cryptocurrencies and Programmability | Enterprise Ledger for Baselining |
| Costs | > 4 USD per TA | > 4 USD per TA | 0.01 USD per TA |
| Performance | 4–5 TA/s | 15 TA/s | > 10,000 TA/s |
| Data compliance (GDPR) | |||
| Integration (ERP, legacy) | |||
| Support for FIAT | |||
| Multi-Chain Coordination | |||
| Cryptocurrency |
Governance
Baseledger has been launched by Unibright as an open-source initiative, aiming to build a tokenized ecosystem and open community around Baseledger.
Unibright bundles years of experience in enterprise blockchain development. Unibright initiated the Baseledger Governance Council which is formed by recognized companies from the Enterprise Blockchain space (Iconic Holding, Consensys Mesh, Finspot, SPO, Unibright and others).
The Baseledger Governance Council is set to grow constantly with an ever-broader set of parties to be included. A written contract signed by all council members guarantees their consent on the overall rules and conditions — ensuring they work for the long-term benefit of the Baseledger Ecosystem.
The tasks for the council members governing Baseledger include assessing, negotiating and voting on the governance rules, running nodes, appointing other parties to run nodes and representing the Baseledger network. The council members work on adjusting the overall rules and conditions of the network if necessary, work jointly on the core-software (along with the public source community), manage network pricing, drive customer onboarding, and work on a flexible path to ensure regulatory compliance.
Token model (UBT)
The UBT token is used by enterprises to access Unibright's blockchain-business integration products and services. As an enterprise-oriented blockchain, Baseledger is the prime utility and use-case for the token. UBT is the work token for Baseledger, which is staked by workers to reserve the right to do work on the network (node operation and development). The Token Model is extending the UBT model where:
- The token acts as a payment mechanism
- The token acts as a staking mechanism for workers maintaining consensus
- The token acts as a "share-in-the-block reward" mechanism for workers that are doing the work relative to their stake
- A proxy-staking mechanism is in place, where members of the ecosystem can contribute to a worker's stake (and partially participate in the rewards) without doing the work themselves
- Organizations (users) do not need to handle the token themselves and can pay in fiat money
