What is UBL? UBL stands for Universal Business Language and if OASIS( an international consortium that develops XML-based industry specifications) has anything to say about it UBL will become the standard XML vocabulary for business documents . The current number of XML business schemas is too inefficient for businesses, who have to purchase translators to be able to translate between all the different formats. XML has been around long enough that it's about time a group has set out to create a standard. Getting mass adoption, however, is the next step but if all goes to plan small and medium size businesses will have a lot to celebrate about as their costs in implementing a XML should drastically be reduced.
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