[UDAP] PROTOCOL ASSET REVIEW

gerald232 (0)(1)in #ico • 5 years ago

Hello friend, this time I will review the UDAP platform. UDAP is an asset protocol between application and blockchain technology that provides Restful APIs and "Asset Wallet" to create and develop strong blockchain based applications without writing any smart contracts. For application development, UDAP uses the "Asset Oriented Programming" model by utilizing traditional Internet application architecture and using UDAP as the base layer. This programming model includes:

tokenization of assets.
transaction notaryization.
adjudication of contracts in the event of a dispute.

The implementation of the model will be implemented into several modules with the aim of accelerating application development, including modules:

Service Tokens, to manage the full life cycle of crypto-tokens supported by assets. Applications can immediately register token-based assets in a chain and offer a default market to their customers.
State channel services, to allow applications to conduct transactions that are mostly offline and secured by public blockchains, such as Ethereum.
Service data confusion, to hide asset ownership, using Ring Signature technology.
Securing content distribution for digital content assets, using Encryption Recryption technology.
Exchange services, for trading decentralized assets, including application currencies and asset tokens.
A universal wallet for a mobile user interface that is flexible to handle all assets supported by tokens that have been assisted by UDAP.

For developing applications, problems are always found. The solution, UDAP applies "State Channel Technology", to overcome some of the most challenging problems in developing and running Blockchain-based applications. these problems are:

Scalability, which is the use of blockchain technology irregularly. The solution, UDAP uses State Channel Technology as a dispute adjudication layer, or a court system that is usually not involved in minute-by-minute operations, but only plays its role when the contract needs to be enforced and important assets need to be secured.
Costs, blockchain transactions are expensive, thousands of times more expensive than centralized architecture. The State Channel Technology allows transactions to be run locally from the blockchain, thus bringing a cost model comparable to traditional Internet applications.
Privacy, data on the public blockchain is public by definition and is open to any curious eye. Some applications may choose to keep transactions private unless the user chooses to go to the public blockchain for a higher level of assurance and interoperability. Even in the case of going to the blockchain, UDAP provides technology to allow users to control the visibility of their assets.
Responsiveness. dApps, like most people, runs slowly and is usually slower in order than commercial Internet applications that people use. The state channel will allow blockchain-supported applications to offer the best possible UX along with unique features of decentralized ledgers.

For further development, the UDAP platform creates a token with the UPX symbol. This token has been launched in the current ICO period and anyone can join and contribute to the ICO period on the website www.udap.io. UDAP has supplied 10,000,000,000 UPX tokens which will be allocated for public sales of 1,500,000,000 UPX or 15% of the total supply of tokens. UPX tokens run on the Ethereum ERC20 network, as a utility token for all services offered by UDAP.
Thus review the UDAP platform. For further information, you can visit the UDAP official channel below this article. In addition to the information, I attach members of the team, UDAP platform roadmap.

Team Members