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In the present work, quantum theory is founded on the framework ofconsciousness, in contrast to earlier suggestions that consciousness might beunderstood starting from quantum theory. The notion of streams ofconsciousness, usually restricted to conscious beings, is extended to thenotion of a Universal/Global stream of conscious flow of ordered events. Thestreams of conscious events which we experience constitute sub-streams of theUniversal stream. Our postulated ontological character of consciousness alsoconsists of an operator which acts on a state of potential consciousness tocreate or modify the likelihoods for later events to occur and become part ofthe Universal conscious flow. A generalized process of measurement-perceptionis introduced, where the operation of consciousness brings into existence, froma state of potentiality, the event in consciousness. This is mathematicallyrepresented by (a) an operator acting on the state of potential-consciousnessbefore an actual event arises in consciousness and (b) the reflecting of theresult of this operation back onto the state of potential-consciousness forcomparison in order for the event to arise in consciousness. Beginning from ourpostulated ontology that consciousness is primary and from the most elementaryconscious contents, such as perception of periodic change and motion, quantumtheory follows naturally as the description of the conscious experience.

Founding Quantum Theory on the Basis of Consciousness