Assignment 2: Persuade your CEO to switch from Hyperledger (R3 Corda/Quorum) to Baseline Protocol

Baseline Protocol Course
#65

Hi Patrick,

The Baseline Protocol is an open-source initiative aimed at the synchronization of private business processes, like document exchange, via a public blockchain. It leverages cryptography techniques like zero-knowledge proofs and signatures, peer-to-peer messaging protocols, and the blockchain to achieve its goals.

On one hand, it is designed with confidentiality, privacy, and data security in mind. The mixture of technologies is aligned in such a way that none of your sensitive data is leaked. This data stays safely with you and your counter-parties. Outsiders looking in will not know what process is being executed, who are the actors, or what goods are exchanged.

On the other hand, the protocol is designed with complex interactions in mind. Inter-company business processes involve many stops and checks and are never straightforward. The protocol will allow you to describe and accommodate your business process however complex it is.

Compared to using only private blockchain we will have the best of both worlds.

#66

Dear Systems Support Team,

I’m am pleased to see the company is taking a progressive approach to technology and the benefits of Blockchain, but i feel Hyperledger is not bringing this company to it’s full potential and efficiency. Unibright with it’s Baseline Protocol will advance us beyond what our competitors could ever reach. With easy integration to both public and privite blockchains, this opens much more opportunity for interoperability with the ECR20 ecosystem. The Baseline Protocol has many beifits to its network such as Zero-Knowlege Proof and Tokenization.

I would like to sit down with your team asap and show you exacty how much time and money you could be saving on this technology. Contact us with any question and we will be glad to answer them. We will be hearing from you soon thankyou for you time.

#67

Hi Daniel,

it is not a long ago since you asked me about an advice on blockchain. It is pleasure to hear that Hyperledger is really working for your business and that it gave you a competitive advantage over your competitors. You know what are advatanges of private and public blockchain and that private blockchain was the only solution for your company, even thought it lacked some features offered by public blockchain. Public blockchains are not really suitable for most businesses. However there has been some more development in a blockchain space!

The new open source project called Baseline Protocol was created. This brilliant idea brings both private and public blockchain‘s advantages into a business. It uses public blockchain (Ethereum) but only as a middleware. It works on so called Zero-Knowledge-Proof (ZKP), which enables you to use public blockchain but keeps your sensitive data private!

This will provide you with your current advantages of private blockchain but will add following advantages:

  • using blockchain even for B2C!
  • more of decentralization which brings you a new level of security
  • pay-per-use
  • DeFi and tokenization which can be something really interesting to experiment with like for example to issue your own token that can be traded on blockchain

One of current players on Baseline Protocol field is for example Unibright, who offers really great product. Besides other it brings you an environment that is friendly even for people with no programming skills, because you can just simply create smart contracts without coding. This could be really helpful in your company.

If you want we can arrange a meeting and discuss it in more depth. I will be glad to help you with it! Check the article about baseline protocol for entreprises posted by Unibright.

https://medium.com/unibrightio/the-baseline-protocol-ethereum-for-enterprises-with-the-help-of-unibright-38c857788ce7

Take care,
Tomas

#68

I would like to present to you the advantages of implementing Baseline Protoocol in our operations:

Privacy on-chain and off Chain, this is very important to keep information secure and disclose only to appropriate parties.

Performance, will improve the efficiency of the operations.

Decentralized trust, all the chain of supply will be in a Trust Less ledger, that will certify of the validity of the processes and responsibles.

Pay-per-use, need to pay for the operations on the ledger as they are needed.

Suits B2C and B2B
1 Like
#69

Hello Sir,

currently there exist 2 types of blockchains - a private blockchain [such as R3 or Corda or Hyperledger] and public blockchains such as Ethereum which is completely open and transparent. A new protocol called Baseline has just been introduced that blends the features of a private blockchain [privacy on and off-chain, performance and auto features] with the features of a public blockchain [decentralized pay-per-use, B2B, B2C, and decentralized trust]. By having this new feature, we will have all the information readily available with speed, efficiency and privacy as needed.

#70

Mr CEO,

As a legal firm we are having lots of sensitive datas that are sent out and coming in on a daily basis, specially when it comes to the document proofs and certifications. In fact the speed is low and sometimes we have to wait for a long time in order to receive and send documents just to certify.
With using HL we can create a private blockchain that makes the parties be able to view and certify their documents instantly. This will decrease the waste of energy and resources and make our work much faster.
Keep that in mind, using HL will be a huge step towards more transparency and security.
If you need more information please let me know.

Cheers
Reza Ghiasi

#71

Persuade your CEO to swich from Hyperledger (R3 Corder/Quorum) to Baseline Protocol.

Date: 30/01/2021
From: Madingo
To: CEO
Ref: Urgent Changes

Memo

Following discussion with regard to reasons for changing company’s systems of Hyperledger to a Baseline Protocol suggested are as follows:

Current Position:
As it stands, the current system of Hyperledger has shown its limitations, especially with regard to company’s planned expansion. The trust element will be a very important factor as we about to deal with B2Cs.

Alternative Solution
Using the Baseline Protocol will enable the company overcome the issue of trust.The identity of the unknown outside new customers, track and tracing of transactions and pay per use ( in terms of reducing huge cost and minimising the risk associated with system change) can be integrated into the current system to enhance the efficiency of the flow of the operation.

Action !
I suggest we invite UNIBRIGHT, the pioneers and best in this field of Blockchain integration, expert in this field and integration specialist. They can assess the current system and prepare company’s system for integration in order to fulfil one of the requirements for faultless and positive company expansion.

The company has a Zero Knowledge Proof that will take care of the shortcomings highlighted during the discussions. The Ethereum Public Mainnet will serve as an Only On, Pay Per Use, trust worthy for messaging and storing data without leaving any sensitive data on - chain. Only information you want on public will be accessed, and not the ones you don’t want.

The key here is, everything will be designed to operate in a private-centric way that does not break from or fundamentally deviate from the open or public Blockchain approach. The company will have solutions to our needs, using unique and valuable combinations of their Baseline approaches, adding features and removing most of the shortcomings you are worried about.

I hope this will trigger the appropriate action now, and if finished on a timely deadline, I believed we will be well ahead of our competitors in the nearest future.

Thank you and looking forward to further discussions.

#72

With Baseline you can invite who you want to the party & they can actually participate. Let me explain ~ with Hyperledger you get to invite who you want to your ledger (your business processes & infrastructure) but you and them need to build out the trust-less layer which for smaller partners will be a challenge. One day those small partners may be big partners. The solution is Baseline because you can have privileges with a private blockchain (ledger) but you can also get the trust-less aspects of a decentralized blockchain on a public network which allows all of your business partners to thrive in the network which is great ~ network effect . . . bigger the better as long as it is secure & productive.

#73

Mr. CEO,

Although Hyperledger has proven our company to be efficient, I would suggest switching to Baseline Protocol. It’s a software that lies between the Ethereum network (operating system) and the applications running on it. It’s like a middleware that is added to our traditional IT system, like Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) and allows them to connect to the blockchain protocol.
The most important advantages are the following:
• Pay-per-use – 24/7 pay-per-use frame of reference and you pay only for the operations on the ledger that are needed.
• It will improve the performance and efficiency of the operations.
• It’s more secure, because it’s a blockchain technology.
• Zero-Knowledge-Proofs – a proof to a verifier that certain statement/ property is true. It reveals only the necessary and not any additional information to prove it to the verifier.
• Privacy on- and off-chain – transactions will be visible only to predefined parties.
• Allows tokenization of assets and access to DeFi – which is cheaper than IPO and allows a fundraise and raise of capital.

I hope you find my proposal interesting and if you nedd some more information, I’m at your disposal.

With best regards,
Jan

#74

Dear CEO,
Now that we have implemented Hyperledger, I thought you might be interested to learn about how moving from Hyperledger to Baseline Protocol would have additional significant benefits for the business.

These include:

  1. Improved off-chain privacy
  2. Improved authentication features
  3. Improved hosting
  4. True decentralisation
  5. Option to Pay-per-use
  6. It would support tokenisation of our assets which would be compatible with DeFi
  7. It would allow for transparency with our customers and their transactions

I would be happy to discuss in more detail to explain how we could take advantage of the Baseline protocol features.

Regards,

#75

Hello, here is my approach to this question :

Date: 18th Feb 2020
To: CEO
From: Antoine, Business Analyst.
Subject: Integration of public blockchain

From the last presentation, I understand that your project is currently using Hyperledger to trace your products and their lifecycle.

Last month I followed a course about a solution that uses both private and public blockchain features. I’m sure you’ll find interesting what I have to say about that solution.

Private blockchains like Hyperledger provide a strong way to store private data and communicate privately with your suppliers and clients. I guess you don’t have any performance issue either.

Although it fills a part of your need, public blockchain provide the best amount of trust and interoperability : public blockchains are truly decentralized, thus providing a protocol without any single point failure or vulnerability (it is the case using Hyperledger) ; public blockchains provide also a bridge to many public applications.

I here make specific reference to DeFi world : yes, you can send, store and received your invoices through your private blockchain, but it is locked in it. A public blockchain like Ethereum would allow you to tokenize every invoice you have and sell it, lend it against interests etc…

Baseline Protocol is a hybrid solution, combining both worlds of private and public blockchain, thus providing best features of both.

#76

TO: IT DIRECTOR

FROM: I.Z.

SUBJECT: SWITCHING TO BASELINE PROTOCOL

DATE: 4/03/2021

PURPOSE

Proposal to switch from the actual private blockchain solution to Baseline Protocol.

SUMMARY

This memo describes the actual situation with the company’s private blockchain solution and why we should change to the Baseline Protocol.

DISCUSSION

I remember the first discussions some years ago after which we decided to implement a private blockchain within our company. It was visionary and at the same time challenging to search and discover a new technology that has helped us to improve the development of our IT systems.

However, since its implementation we have seen that there are still single aspects that can and should be improved in order to get the maximum out of this technology and compete with advantage with our competitors. Considering that we want to communicate with this technology not just internally, but also with our distributors, suppliers and end customers, we need a technology that gives each party the features they need.

Our actual private blockchain has some significant weaknesses:

our business partners are reluctant to use our private BC due to a lack of confidence in the privacy. They don’t understand the technology and are therefore afraid of not having total control about the data they exchange and expose.

We have to improve the trust in this solution among all participants. A decentralized trust gives all participants the warranty that no party will have more governance on the data than the others.

including DeFi solutions would add value to our network giving our partners and ourselves the chance to incentivize the interaction among participants.

we can offer different features depending on our needs tailoring exactly according to the tasks, no matter they are partners, suppliers, end customers or internal departments.

Our actual private blockchain was a good solution some years ago but after a strength & weaknesses analysis we have identified the key issues we have to improve and the Baseline Protocol offers the best compromise combining the features of both private and public blockchains.

SUMMARY

For the reasons mentioned above I recommend switching to the Baseline Protocol solution. I’m aware that all benefits and features should be explained internally in detail to all colleagues involved in the project and therefore gladly offer my time and knowledge for this purpose.

#77

Dear CEO.

If I’m not mistaking we are teaming up with Hyperledger. Not sure which Hyperledger project we’re going for. Besu, Burrow, Fabric, Indy or Sawthooth. But one thing I know for sure and that is that we’re making a huge mistake! I tell you why.

The Baseline protocol with the Unibright frame is the case to use. It easy to integrate, easy to work on and connect to the Ethereum Mainnet and obviously that makes things as tokenisation of the business way easier. No I know you think but why? Because the combination of on and off chain is vital for the step forward to decentralisation.

I hope we can discus this further in person because I have some slide that can back up my claims.

Thank you for your time

#78

Financial institutions and large-scale corporations alike can exchange assets using blockchains technology, thus not having to pay an intermediary and having these transactions settled within seconds. They also might monitor the private peer-to-peer networks in real-time, whenever they need to.

Based on top of the Ethereum blockchain, Baseline is a smart contract and tokenization platform which employs zero-knowledge proofs, off-chain storage and distributed identity to provide solid security to private enterprise data against cyberattacks and other privacy concerns.

#79

The main advantages of Baseline Protocol compared to Hyperledger are:

  • Connection to the Ethereum Mainnet and therefore allows you to tokenize your assets and implement or create Defi products.
  • You can rely on a network and you do not have to trust nodes
  • To set up your own network of nodes might be not feasible or economical
#80

Attention Director of Innovation:

In our last meeting we had covered the success of our transition to the use of Private blockchain technology. I’m extremely happy to see the results producing better than predicted. You had mentioned a concern with the lack of nodes within the system and though improved in the system we had been using before could still potentially be vulnerable.

After some extra research I believe Baseline Protocol could be a solution to that. One of then many potential benefits to it is utilizing the blockchain network of Ethereum Main Net. It is the Public blockchain that has a network larger than we could imagine, and growing everyday. We can utilize the vast amount of resources the Public blockchain can offer with still keeping our sensitive data private. The best of both worlds really.

I believe this can take the trust issue out of equation for all our partners involved. I think it can be another step forward in pushing this company to bigger and better things. Making more money and better relationships for all involved.

Again if you have any further questions please reach out to me.
Sincerely,
Luke

1 Like
#81

would be great to have some answers here.

#82

Dear Mr. CEO,
Now that we’ve increased our efficiency in the areas of product tracking, privacy, security, and B2B transactions through the private blockchain Hyperledger, let’s take a look at the benefit of incorporating Baseline Protocol which is a middleware for incorporating the benefits of both public and private blockchain for enterprise.
Baseline Protocol was founded in March of 2020, is governed by the Ethereum OASIS project, managed by OASIS, and funded by the Ethereum Foundation and the Enterprise Ethereum Alliance. Baseline allows the company to utilize the benefits of the public blockchain while maintaining the elements of the private blockchain that have proven so valuable to our business. Some of the public blockchain benefits include hosting demands, pay-per-use, decentralized trust between B2C, as well as the ability to tokenize company assets on the defi market. Baseline Protocol also offers features outside the scope of the blockchain with off-chain privacy and authorization features. We have always been good with remaining relevant with our technology and ability to stay ahead of the competition and now is the time to take the next step in CRM and ERP management with an integrated blockchain solution.

Sincerely,

Steve

#84

Date: 26 april 2021
To: Ximena, CEO, Innovation Dept.
From: ERFE.
Subject: Switching to Baseline Protocol
Presently our company has implemented private blockchain and have seen its limitations . Using public blockchain is vulnerable to company data though it is truly decentralized and focused B2B.
The advantages to switching to a Baseline protocol are as following
Privacy on chain /Privacy of chain/ Performance?/AUTH Features/Hosting demands/Decentralized trust ( very important for our business)/Pay-per-use/Suits DeFi/Suits B2C and B2B

for all this reason I recommend switching and implementing the baseline protocol
best regards
Ernesto Rachitoff

#85

Note: Letter or email would be formatted in appropriate medium as applicable to the
situation/company. I will only include basic formatting of the body of the message for this
assignment purpose.

Body of Letter:
We have enjoyed success with our private blockchain allowing us greater efficiency in processing New Business insurance applications. Our conversion rate has increased by 25% because customers needs are met faster, a big value add for customers. Expenses have decreased by 15% due to decreased human resource requirements, a big value add for stakeholders.

I would like to introduce a new advancement in blockchain technology: Baseline Protocol.

It would be worth investigating compatibility with Baseline to see if some of our processes or methods can be advanced even further.

One example I am particularly concerned with: there are many times customers are required to divulge personal and private information and many customers find this to be an uncomfortable process.

After the customer has provided a great many private details, our current process allows that information to pass before too many sets of human eyes.

One way Baseline helps reduce the risk of fraud exposure is through Zero Knowledge Proofs. This would allow the customer to have certain information certified without having to divulge specifics and the necessary data would still be collected in a manner that fulfills our regulatory requirements.

This would be another great value add for customers as we offer more privacy, security and increased comfort with our processes while creating additional value for stakeholders as we reduce our exposure to different risks.

Let’s plan a conversation where we plan basic steps and a path forward.