Unibright - Integrating Businesses with the Blockchain

mcdform (46)in #blockchain • 6 years ago (edited)

What is Unibright?

Unibright is a framework that allows existing businesses to integrate with the blockchain.

What does this really mean?

Unibright is going to create a system of customizable templates for businesses that allow them to utilize the blockchain for some existing functions. Examples of these templates include Multi Party Approval, Batch Tracing and Asset Lifecycle.

Why use Unibright?

Businesses will use Unibright because it allows them to integrate with the blockchain without the need to hire a developer, smart contract engineer or programmer. Thus, the main benefit is cost and time savings.

The templates will automatically generate smart contracts, smart queries and smart adapters for each user. These smart contracts will be blockchain agnostic and will eventually work on most blockchains.

Discuss the ecosystem.

The ecosystem is composed of four main components:

The Unibright Visual Workflow Designer - Create business integration workflows visually with no coding required. This is where smart templates are customized.
The Unibright Contract Lifecycle Manager - Generates smart contracts from the customers smart templates.
The Unibright Explorer - Monitors and displays on and off-chain data in an easy to understand dashboard using Smart Queries.
The Unibright Connector - Connects existing business IT with multiple blockchains using Smart Adapters.

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The ecosytem also consists of the token, UBT. The token is used as a form of payment in the Unibright system. UBT will be used for the following:

Payment to register smart contracts.
Payment for additional services such as smart adapters.
Purchase of templates from the 3rd party marketplace (future).

What do the smart templates consist of?

The smart templates consist of:

Smart Contracts - Using customizable components the smart template auto generates the code for smart contracts.
Smart Adapters - These adapters connect existing IT data with the blockchain. They also allow smart contracts to work on multiple blockchains.
Smart Query Set - These query sets pull information from on and off chain sources and display them in the Unibright Explorer.

What are some examples of useful templates?

The Unibright whitepaper provides a nice overview of use cases but we will list some here.

Tracking of resources during the production process.
Insurance claim processing.
Milestone project based payments.

What blockchains does Unibright plan to support?

Initially Unibright smart contracts will work on the Ethereum network but medium term plans include integration with Stratis, NEO, and Hyperledger Fabric.

What about the team?

The Unibright team has a vast amount of experience in the business integration sector. The CEO, CTO and two advisors are all on the leaderboard of SPO consulting.

SPO is a consulting firm that specializes in business integration together with software and blockchain development. Unibright is an off shoot of SPO so it will not only utilize the experience and knowledge of it's leadership but will acquire access to its customer base.

Team:
Marten Jung - CEO, Founder, Head of Blockchain Development
Stefan Schmidt - CTO, Co-Founder, Head of Software Architecture
Ingo Sterzinger - Lead Engineer Frontend
Dr. Thomas Schmidt - Lead Engineer Data Modelling
Fabian Schlarb - Lead Engineer Testing

Advisors:
Patrick Lowry - Venture Capitalist
Oleksii Matiiasevych - Blockchain engineering
Klaus Tschirschke - Strategy Advisor

What's up with the ICO?

The ICO begins on April 10, 2018 and will run for 4 weeks or until the hardcap of $13,542,375 USD is reached.

The total supply of tokens if all are sold would be 150,000,000 UBT. All unsold tokens will be burnt.

The base price of a token will be $0.14 USD. Public sale bonuses are based on the current volume of tokens sold. The first 25% of tokens sold receive a 10% bonus, the second 25% receive a 5% bonus.

Token distribution:

The amount of tokens for crowdsale equals 67% of the total supply or 100,500,000 UBT. Presale (seed investors) purchased 9% of the total allocation seperate from the crowdsale. In essence, 76% of tokens are for sale (seed + crowdsale).

The teams tokens are locked for 12 months.

Overall

Well thought out project from an experienced group of developers currently working in the business integration sector. The approach is similar to that of Fabric Token but appears more refined and well thought out.

Services that integrate existing businesses with the blockchain are likely to be in high demand in the near future. Nobody can predict which platform or framework will be the most successful.