UDAP-Universal Ðecentralized Asset Platform

ardibimbim (9)in #bitcoin • 6 years ago (edited)

ABOUT UDAP

UDAP is a blockchain-based asset protocol that sits between applications and public blockchains to provide Restful APIs and an "Asset Wallet" for application developers to create powerful blockchain based applications without writing any smart contracts.

In what we call a "Asset Oriented Programming" model, app developers take advantage of the traditional Internet application architecture and use UDAP as a layer of asset tokenization, transaction notarization and contract adjudication in case of dispute.

Technically UDAP provides multiple modules to speed up app development, such as:

Token service, to manage the full life-cycle of asset-backed crypto-tokens. Applications can immediately register token-based assets on chain and offer built-in marketplace to their customers.

State channels service, to allow applications to conduct transactions mostly offline and secured by public blockchains, such as Ethereum. Data obfuscation service, to hide the ownership of assets, using Ring Signature technology.

Secure content distribution for digital content assets, using Proxy Re-Encryption technology.

Exchange service, for decentralized asset trading, including app-currencies and asset tokens.

Universal wallet for versatile mobile user interface to deal with any token-backed assets that UDAP has helped to maintain.

CORE CONCEPTS

NO.1 Protocol - Singular

Singular is a new asset account model, it defines how a thing is tokenized and how it deals with ownerships and trading in a decentralized way. The Singular asset model implements a concept: One thing = One smart contract

The Singular project is a natural development in the spirit of some of the earlier blockchain proponents who had envisioned what blockchain with smart contracts would achieve.

NO.2 Middleware-UDAP

The fundamental concept of the Internet of Asset Protocol is to build a "Thick Protocol + Thin Application".

Application developers only need to have sufficient knowledge and understand their business logic and user experience, Therefore, the application is thinner and easier. A thick protocol based on UDAP middleware helps them to accelerate the blockchain development, to secure the transactions, and to reduce the development costs.

UDAP Middleware Core Services

a) Token Service

The service helps applications to quickly tokenize in-app assets, such as tickets, IP rights, certificates, and game assets. It also helps an application to create in-app currencies.

b) State Channels Service

The service implements state channel technology to help the application to properly partition their application logic between on-chain and off-chain, to achieve the best of off-chain efficiency and on-chain persistence. This is critical to minimizing the cost and providing the best possible user experience.

NO.3 Asset Wallet

Harvest Wallet is an Asset Wallet that supports ERC20, ERC721, and Singular types tokens. It provides individual users with great convenience and a unified interface to tokenize, manage and publish their own tokens, various fungible and non-fungible assets, and third-party applications can plug-in the wallet too.

a) Mint, manage and publish tokens

b) Support third-party apps that generate wide range of assets.

c) It provides a programmable UI for third-party applications to develop a complete user experience

NO.4 Applications

UMedia is a marketplace for collectible music and other forms of digital media assets on your mobile phone, it included some complicated blockchain programming modules like all different token services, marketplace, Proxy Re-Encryption, State Channel, Singular. UMedia is to demonstrate the technical capabilities of UDAP. It’s so easy to make a Dapp by UDAP. Developers can use UDAP’s middleware to transfer their normal business into token-based business just like UMedia does.

More different Dapp coming powered by UDAP, such as Ticketing, Social, Education, Gaming, Health, Supply Chain Finance, Data Center, Technical Community, Travel, E-Commerce, Library and so on.

TOKEN INFO

Token - UPX
Platform - Ethereum
Type - ERC20
PreICO price - 1 UPX = 0.0164 USD
Price in ICO - 0.0083 USD
Tokens for sale - 4,000,000,000
Distributed in ICO - 40%
Raised - $2,994,000

UDAP Foundation sent UDAP tokens, compacting UPX. UPX tokens can be used to make a significant commitment to focus on customers' solutions. Value exchange, gas contracts, batch contracts, and payments for compilation capacity, collected for UPX. UPX current is done using the ETHEREUM ERC20 standard. The cumulative proposal is 10,000,000,000. You can get better data from the specific documentation of this effort, and, in addition, the social media platforms presented below, or at the bottom of the main discussion. All websites and big profits