UNIVERSAL LABS- INTEGRATING CLOUD STORAGE WITH BLOCKCHAIN TO SECURE...

There have been the emergence of many cloud storage devices and websites all over the world promising a whole lot of things to its users and customers, Nevertheless these platforms usually fails because of its inability to control data of users and there makes them irrelevant to the public.

Data has always been a necessity in our daily lives for ages. However, the source and ownership of these data must not be compromised. That is why UNIVERSAL LAB has been established to introduce a network called the “UBEY”and“OWP” protocol to enable peer to peer ownership exchange on this network. This will help in the sense that DApps built on the OWP protocol can connect allowing ownership to be transferred between two worlds. That is the power of Universal Labs.

WHAT IS UNIVERSAL LAB ALL ABOUT?
One would ask what Universal labs is? A universal lab is a system which intends to bring into an existence a network which will enable and allow ownership to be transferred between the virtual world and the real world. Such an amazing idea Universal Labs want to bring on board.

HOW CAN DATA OWNERSHIP BE DEFINED?
In the age of a big data, data is just as valuable an asset as land, labour or capital. Control over data means being able to add, delete, change and query the data. Data ownership in a simpler definition is the framework of property, thus having the right to claim the profits made from the data and the ability to control the data.

AIM OF UNIVERSAL LABS
Universal labs aim to harness all the importance of personal clouds without any drawbacks through a very simple and effective solution.

PROBLEM
Cloud storage is a simple computing model where data was stored, accessed and shared over the internet. This allowed user to safely store data separately through public and personal clouds but the demand grew exponentially hence increasing the cost of these especially the personal cloud which up until now, the users can lost their data anytime due to device failure.

SOLUTION
Although the personal clouds present with a relatively higher cost, Universal labs tends to solve this issue by lowering the cost and retaining the strictest ownership of personal data through harnessing the benefits of this cloud without any drawback using blockchain technology.

BENEFITS OF UNIVERSAL LABS

The benefits of universal labs are as follows:
• Universal labs will create a secure digital identification and validation platform to ensure only authentic products reach users.
• It will lower the cost of personal clouds to enhance effective usage
• It will also users to safely store their vital data without worry.

THE ROLE OF THE OWP PROTOCOL IN THE SYSTEM
There are numerous blockchains in existence today. OWP protocol and Ubey network focus to make this system better by allowing users to extend significant capabilities to the consumer by receiving digital confirmation of the product “ownership” after a purchase.

TOKEN DISTRIBUTION AND FUNDS ALLOCATION