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==History==
In 2000, Thorsten Grötker, R&D Manager at [[Synopsys]] was preparing a presentation on the communication mechanism in what was to become the [[SystemC]] 2.0 standard, and referred to it as "transaction-based modeling". Gilles Baillieu, then a corporate application engineer at
The Open SystemC Initiative was formed to standardize and proliferate the use of the SystemC language. That organization is sponsored by major [[Electronic design automation|EDA]] vendors and customers sharing a common interest in facilitating tool development and IP interoperability. The organization developed the OSCI simulator for open use and distribution.
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