Since its inception nearly 10 years ago, cloud storage has given about 1 million users a functional model that helps them access, store, and share data across the internet.
Universal Labs ICOIf we look more intently, we’ll notice that cloud storage services let customers store their data in a different point of generation and allows remote access between a multitude of different devices. In an industry perspective, we’ve noticed that cloud technology has gained an exponential growth in the past ten years. Users can store their data in public or private cloud storage services.
Universal Labs created a new blockchain platform called Ubbey. It uses a native OWP protocol which is used to enable peer-to-peer transactions. In addition to creating asset transfers between the network participants, Ubbey helps users transfer their alt currency holdings and physical assets such as cars, real estate, and other luxury products.
Universal Labs Features :
Development Environment : The network is completely open-source based and can be used for constructing various DApps. These applications can make employ the OWP protocol and as a result of this will have the capacity to connect virtual data with real world assets.
Usability : The platform makes use of a universal protocol that is compatible with a wide array of digital assets.
Digital Data Ownership : Many blockchain enthusiasts already know that it is quite difficult to assign ownership of data when using digital platforms and assets. However, through the use of its internal algorithmic modules, Ubbey is able to streamline the entire exchange process, making such complex transactions easy for all of the involved parties.
Security : Ubbey provides users with a technology that helps them differentiate between original and counterfeit products.
How it works :
The Ubbey Box has three main work systems :
On the one hand, the Ubbey Box is the personal storage in the cloud for users in which they can access from anywhere with dizzying performance and unparalleled comfort.
The most important thing is that Ubbey Box acts as a connection point for the Ubbey network.
Finally, it is also used to mine for YOU Coins by connecting the storage space around you to the network, as well as using your own storage space.
What The Ubbey Box Offers Its Users :
- Users can exchange both their physical and digital assets among each other.
- It can be used as a personal storage in the cloud for individuals and companies. Both companies and Individuals can make use of the Ubbey Box for personal cloud storage.
- Users are provided with very large space to store their data. In the first version, just 1TB and 2TB will be available to users
- Ubbey box can also be used as in the process of mining Bitcoin.
- In much later editions, Ubbey box will be used to connect to smart devices such as Television, Game consoles, etc.
- Ubbey box will make use of Proof of storage consensus algorithm and it will randomly select its network block creator.
- Users of Ubbey box can back up and store their data in one place and it can be accessed from anywhere.
- Users can mine YOU token through sharing their personal storage space with other users and be rewarded with YOU token.
Token Details :
Roadmap :
Verdict :
The Universal Labs team has created an interesting product that corresponds to the concept of “working” things. In addition to direct use (data storage), Ubbey Box allows its owner to earn money for leasing surplus space.
Strong points of the project include a competent team of authors and advisors, a serious technological content, an existing MVP, open source code, and the simplicity of the product format of “a single button” – turn it on and it works.
We do not often see Whitepapers worked with such depth and thoroughness. A huge amount of work has been done, which inspires deep respect.
For more info :
- Website : https://ulabs.tech/
- Facebook : https://www.facebook.com/ulabstechnology
- Telegram : https://t.me/universallabs
- Medium : https://medium.com/universal-labs
- Reddit : https://www.reddit.com/r/universallabs
- Twitter : https://twitter.com/ulabstechnology
- Whitepaper : https://ulabs.tech/images/Universal-Labs-WhitePaper.pdf
Author: Raghav
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Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2235966
Eth: 0x11b2642E17Bf70C834CaA29a97D2030303d07069
