Abstract:
Zero knowledge proofs (ZKPs) are a key technical component to the Baseline Protocol and Baseledger. ZKPs allow one to exchange information to another without actually revealing it. Zero knowledge proofs are a key technical component to the execution of the Baseline Protocol, as well as Baseledger, the synchronization network compliant with the Baseline Protocol.
The Baseline Protocol is a process standard for using blockchain or distributed ledger technology as a common frame of reference between two or more disparate systems. Enforcing real time data-reciprocity between ERPs, databases or state machines, or amongst other distributed technologies allows participants to verify counterparty data integrity and consistency throughout any business process, without exposing
any sensitive information. It is particularly promising as a way to reduce capital expense and other overheads while increasing operational integrity when automating business processes across multiple companies. This leads to a reduction in organizational risk and is an effective way to turn isolated data islands into advanced, shared networks. Baseledger is the first public network designed for storing and managing baseline proofs. Baseledger complies with the Baseline Protocol to ensure that no data is moved from companies' system 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 zero-knowledge rollups to prevent tampering with the proofs.
The proofs created in synchronized, baselined processes become all new use cases for smart contracts and NFTs. It has become increasingly clear how baselined business processes will yield high-fidelity outputs such as verifiable invoices. The opportunities to improve modern treasury operations and optimize cash management using these high-fidelity, baselined instruments will incentive large organizations to participate in the enterprise DeFi ecosystem.
Agenda:
- Overview of Zero-Knowledge Proofs
- Baseline Protocol and Baseledger
- Why enterprises use Baseline Protocol
- The use of public blockchains
- Enterprise synchronization enablement
- What kind of ZKPs are needed?
- Show them the code
- Technical demo
- ZKPs unlock high fidelity assets
Pre-requisites:
- Basic understanding of blockchain concepts
Takeaways:- Become a better leader in your organization with the deep insights gained from this session.
- Gain understanding of how to deploy ZKPs into production for enterprise blockchain use cases.
- Explore the technology provided to build new revenues, improve treasury operations
