UNIVERSAL LABS: CLOUD STORAGE ON BLOCKCHAIN

Introduction
Many information that are accessed on the internet today are usually stored on the cloud which may seem surprising , but the cloud here means virtual storage system that is decentralized so that whenever a search is activated, it sources it from different platforms.
And as technological advancement continues to increase, the need to store personal information through digitalization also increased, so therefore information was stored on various platforms such as the use of hardware and recently cloud storage.

Many organizations have a lot of important information and data that are confidential and when these data get leaked, it causes havoc in reputation and most time it is worth million of dollars and in other to protect these data and store them safely, a cloud storage is used which is expensive with no ownership involved hence data can be leaked, because of this the Universal lab created the UBBEY network and Ownership protocol that solves this issues efficiently by reducing the cost of storage, guaranteeing ownership and accessibility of the stored information anytime while also earning rewards.

What is UBBEY NETWORK?

UBBEY NETWORK is a decentralized blockchain storage network used to store files, keep data privacy to the maximum and makes it highly safe. it is also at a very cheap price compared to the contemporaries cloud storage such as Amazon Web services, Google cloud etc as the users are able to save up to 90% of cost. And it is powered by the UBBEY box.

Learn about the UBBEY box

How the UBBEY network functions
This network works mainly with the use of the UBBEY box that is a hardware which is used for cloud storage and can be reached at anywhere and anytime. This box which acts as a node and therefore makes it easy to use the network. Due to the ownership of this box, the box can be used to mine for YOU coins which is the native currency of the network thereby leading to profit realization.

What is the OWP Protocol?
This protocol is a decentralized ownership exchange protocol that makes it possible for data space storage to be rented out I.e the ownership of the data space storage can be shared among individuals thereby getting monetary rewards for intellectual property. And YOU coins is used for this payment.

Tokenized Economy
This network makes use of the YOU token as all activities on the network will function as a result of the fees paid in form of YOU coins and this is to keep intact the integrity of the network and allow things move in the necessary direction. The YOU coins is to be used to pay for any transactions made on the network and it is built on the Ethereum blockchain.

In conclusion, the storage of data especially confidential ones can be a stress for individuals and corporate bodies as they are prone to hacking and theft etc, however with universal labs such incidents can't occur as it is fully safe from hacking, get stored at cheap price and can be accessed anytime and anywhere.

Token details
Token: YOU
Price: 1 ETH = 100,000 YOU
Bonus: Available
Platform: Ethereum
Accepting: ETH
Soft cap: 6 000 ETH
Hard cap: 40 000 ETH
Country: Hong Kong
Whitelist/KYC: KYC & Whitelist

For more insight on universal labs, visit;
Website: http://ulabs.technology/
Whitepaper: http://ulabs.technology/images/Universal%20Labs%20White%20Paper%20v1.2.pdf
Twitter: https://twitter.com/ulabstechnology
Facebook: https://www.facebook.com/ulabstechnology
Medium: https://medium.com/universal-labs/
Telegram: https://t.me/universallabs

Bounty 0x username: FumBerry