Overview
The UniBright project is described on its official site as being the “unified framework for Blockchain based business integration”. What does this really mean and what are the chances of this ICO being a success? Basically, it will let companies use Blockchain technology without the expense and hassle it currently involves.
Unibright is a team of developers with 20+ years of experience in business integration. Nowadays, most companies have a strong interest in Blockchain technology, but struggle to use it. That is why Unibright Framework is created. Unibright makes it easy to integrate Blockchain technology into existing business.
Unibright aims to bring blockchain to businesses, large and small, by creating a framework that allows corporations and individuals to use templates that simplify the underlying technology. Many different businesses have expressed interest in blockchain, but hiring competent developers and creating an internal implementation is risky and time-consuming. That is where the Unibright Framework comes into play.
COMPONENTS
The Unibright platform consists of four components:
Visual Workflow Designer
Allows creating blockchain-based solutions by visual arranging business integration workflows. You don’t have to be a blockchain developer to create it.
Contract Lifecycle Manager
When the workflows are ready, you just click a button and they are converted to platform-dependent code, and then the smart contracts are automatically generated for the most appropriate blockchain.
Explorer
It monitors the ongoing business processes across all smart contracts and related systems by using sets of smart queries and represent on- and off-chain data to a useful, easy to understand dashboard.
Connector
It uses predefined automatically configured Smart Adapters to connect existing IT landscape with smart contracts and different blockchains.
The Verdict on Unibright ICO
The Unibright ICO is led by a highly competent, cohesive team with an established grip on their target market. The design of the Unibright Framework is well conceptualized and the success of their cloud-based ERP product adds more credence to the project.
On the other hand, the question of adoption and scaling casts a level of uncertainty; the future will become more discernable as signs of progress appear.
Unibright ICO Strengths and Opportunities
The team are already running a successful ERP integration business which offers a predecessor cloud-based ERP framework called PIP. Unibright is built on aspects of the existing framework, which has been deployed by the likes of Lufthansa, Siemens and Samsung.
With a track record of success designing, launching and scaling their existing product to large enterprise clients, the team have proven their capability in the realm of ERP and gained a clientbase that is a great advantage for scaling Unibright. In addition to their existing product, an onchain MVP of Unibright connects SAP to Ethereum smart contracts. The team has also provided a video walkthrough of the frontend tools which have already been developed.
The team have paid careful attention to formulating a strategy and product that is dynamic enough for the unpredictable development of blockchain technology. While the Unibright ICO MVP is built on Solidity, continuing development for more protocols will follow.
Not only does the Unibright Framework allow for integration of different ERP systems by SAP and Microsoft, but the product will also ultimately be blockchain agnostic. This concept helps to future-proof the product from the uncertainty of the burgeoning industry.
ICO Financials
One of the more attractive aspects about the Unibright ICO is the token sale financials. The team has set a very low hard cap at approximately $13.5 million, and it is difficult to think of scenarios in which the project value dips far below this valuation. Additionally, they are allocating 67% of the tokens to the public sale, which is uncommonly high in ICOs today.
Team and Advisers
The Unibright team seems more than promising. The leading members all carry multiple years of experience in computer science, engineering, and/or database management. Although very few of them have been involved with other blockchain projects, they have a skilled team of advisers that have been. Their advisers include ex-PwC auditors, venture capitalists, numerous PhDs, and actual blockchain developers associated with Iconiqlab and Ambisafe. Compared to other competing framework projects, the Unibright team seems well-seasoned in the industry, and with strong counsel, they could create a great product.
Conclusion
With all things considered, the Lash team feels that the Unibright ICO shows promise. The Unibright team seems very capable, and their partnerships give them a leg up on the other competing framework projects. We believe that we will see an influx of media coverage and community involvement as we near closer to the ICO date.
Useful Links:
Website: https://unibright.io
Token Symbol: UBT
White paper: https://unibright.io/download/Unibright_Whitepaper.pdf
Telegram:https://t.me/unibright_io
facebook : https://www.facebook.com/Unibright.IO/
Twitter: https://twitter.com/UnibrightIO
Author: Martins F
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1994646