Blockchain technology has already disrupted the way many people conduct business. With transactions done on a blockchain stored on a public ledger which is cryptographically secure, it means that the transactions recorded cannot be altered. Although this feature makes the blockchain useful and trustworthy, especially for running businesses, its full implementation among the less-savvy business personnel is still a major issue.
The initial issue which any business that wants to integrate blockchain faces is the fact that blockchain developers are rare and finding one is as tough as finding a needle in a haystack. These developers usually charge a hefty amount owing to the fact that their skill is in high demand. Additionally, this business needs to find a way to parse the data from a blockchain to make meaningful use of it. This is where Unibright comes in to play, read on to understand how their solutions fit into the above scenario.
Unibright is an ICO project that has developed a unified framework to make the whole process of integrating blockchain into an existing business easy. It acts as a bridge which solves the issue of lack of resources or experts in blockchain required for complete implementation of blockchain into an existing business.
Let’s get…technical!
The heart of the Unibright ecosystem is the Unibright Contract Interface (UCI). The UCI provides the fundamentals required to integrate smart contracts into different blockchains and system landscapes. Operators who use this platform will be able to visualize the work-flow of their business. Users can make use of templates which are predefined business workflows without having to know the complex coding that happens in the background.
By choosing a template, the user will automatically be provided with a set of tools which are required to customize these templates. All smart contracts will implement the UCI, which ensures logical access at each layer.
To pay for all these services, Unibright has an in-house token known as UBT. UBT is an ERC20 token that is based on the Ethereum blockchain. Any user can use the services offered by Unibright and will have to pay for the services using the UBT token.
So what’s so good about Unibright?
• The number of blockchain developers is less which makes them very expensive. Unibright’s services are relatively cheaper.
• Even though you can get a developer on-board, the process of creation of smart contracts are very complex and usually results in a large number of bugs which is eliminated by using Unibright.
• After implementation, it may be hard to extract the data from the blockchain to make meaningful usage. Unibright will make the process lot simpler.
• Unibright eliminates the need to deploy special teams to integrate blockchain into a business. This is done by the system in Unbright itself.
• The usage of smart contracts on Unibright makes it very trustworthy and tamper-proof.
Competitor — ICOBox
While UniBright is a very unique project and doesn’t have many competitors such as ICOs who target on finance or media or exchanges, after an extensive research — ICOBox provides a similar service to UniBright.
ICOBox is a new generation Blockchain Growth Promoter and Business Facilitator for companies seeking to sell their products via ICO crowdsales. While UniBright helps companies to get blockchain technical support, further down the supply chain is ICOBox who are seeking to promote ICOs to the general community to get exposure.
However the potential of both firms can make them competitors. UniBright can seek to do the same as ICOBox where not only helping firms with blockchain expertise, they can also help out with ICO expertise. ICOBox can also do the same by going up the supply chain and helping to integrate blockchain into a firm. ICOBox already has a strong team and has been successful which makes this a growing possibility.
But at the same time, ICOBox could partner with UniBright to cover the whole chain of building a blockchain business and raising funds through ICO and managing the community.
Conclusion
UniBright is an ICO project which helps other companies integrate Blockchain onto their platform is very distinct and ambitious. If implemented correctly, this could help make Blockchain go mainstream. Unibright is en-route to becoming the first to offer these services. However, competition will get tough as more projects are developed in this domain. Only time will tell us if they can scale up and compete with other upcoming projects in this field.
https://unibright.io/
http://t.me/unibright_io
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