Jon Bosak is trying to create a “Universal Business Language” (UBL). Here’s a poorly-written summary of a laughably ambitious project:
The purpose of the UBL TC [Technical Committee] is to quickly develop a synthesis of existing XML business libraries, to develop a coordinated set of XML grammatical components that will allow trading partners to unambiguously identify the business documents to be exchanged in a particular business context. The TC will align the vocabulary and structures of UBL with the vocabulary and structures of other already existing business libraries, and implement a mechanism for the generation of context-specific schemas for basic business documents and their components through the application of transformation rules to a common XML source library.