UDAP: A Blockchain Middleware for Tokenizing Everything

Crypto currencies such as Bitcoin, Ethereum and Ripple have not only established themselves as means of payment in recent years, but have also increasingly proved to be a highly attractive field for investments. However, the current situation on the cryptographic markets is characterized by illiquidity, enormous volatility and a serious asymmetry of information among the participants. But this makes the market very lucrative and attracts speculators. Tenfold returns in less than a year are not uncommon. But these gains are at the expense of the ill-informed users. The success in crypto markets is based on information advantages that few have over many.
This is the core problem: a lack of high quality, verifiable information. There is far too much noise in the relevant channels and far too little resilient facts. When you are in Telegram channels, slacks, subreddits and private forums you will find plenty of hype, insecurity and fears. This highly problematic dynamic opens crypto markets for fraudsters of all kinds. Small amounts of valuable information are often the key to unbelievable profits, so that for the ambitious trader or investor the comprehensive search for valuable information never ends. This makes it even more urgent to provide investors with comprehensive information that makes it easier for them to stay in the jungle of crypto currencies and to make buying and selling decisions based on valid data and trend analyses.
This is where the UDAP application comes in. It provides a platform for intelligent data search and analysis for all crypto products. The time-consuming task of manually selecting and evaluating information is largely transformed into automated processes. With UDAP, we help traders to continuously gain experience about the opinions of traders and clients associated with each coin. Opportunities and risks are identified, enabling users to react promptly and proactively. The automatic monitoring of important points thus creates a higher level of security when it comes to moving in this new market. It is thus an important component for a professionalization of the crypto markets.
The value and benefits of UDAP correlate directly with the size of the crypto market. Based on current trends, it seems very likely that the market for information and data on crypto assets will explode. The stronger the growth here, the more valuable the features of UDAP become and the higher the probability that many people will use the offered service here. The information value of UDAP is growing in proportion to the number of users.
Before I proceed lets take a look at the video below to know more about UDAP

UDAP
Universal Decentralized Asset Protocol is blockchain abstraction layer that can significantly reduce the cost of building asset oriented applications, both in the development time and runtime. It 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.
Universal Decentralized Asset Platform, is a blockchain middleware that provides Restful APIs and an 'Asset Wallet' for application developers to create powerful blockchain based applications without writing any smart contracts. It's a 'layer two' solution to non-fungible assets to simplify and accelerate blockchain application development

GOALS
The ultimate goal of UDAP is to build the Internet of Assets.

PROBLEM
Scalability
The balances between factors of decentralized security, data liveness and finality is determined by blockchains due to scalability. Using blockchain blindly as a data store and generic computing platform would not scale. State channel technology treat blockchains as the dispute adjudication layer, or court system that usually is not involved in the minute by minute operations, but only plays its role when contracts need to be enforced and critical assets need to be secured.

Cost
Blockchain transactions are expensive, many thousands times more expensive than centralized architectures. State channel allows transactions to run locally off blockchains, thus carries a cost model comparable to traditional Internet applications.

Privacy
Data on public blockchains is public by definition and open to any curious eyes. Some applications may choose to keep the transactions in private unless the users choose to go to public blockchains for higher level of assurance and interoperability. Even in the case of going to blockchain, UDAP provides technology to let users control the visibility of
their assets.

Responsiveness.
dApps as most people have experience with are slow-paced and usually are an order of magnitude slower than the commercial Internet applications that people have been used to. State channels would enable blockchain supported applications to offer best possible UX together with unique features of decentralized ledgers.

BENEFITS
For app developers
Valuable decentralized features that do not require heavy investment in blockchain technologies
Fast, cheap and secure integration with public blockchains, without specific lock-in.
Application Wallet with in-app currency and Smart Contracts that provide asset life cycle management, trading(including some common trading models like buy and sell, rental, auction, pledge, etc.) and search capability.

For public chains
Designed for developers who are building new applications.
Facilitates easier integration with "legacy" Internet applications.
Easier support and maintenance interface for developers.

For end users:
The UDAP wallet, named “Harvest”, because of its cultivation, nurturing and growth capabilities, plays a key role in the interaction between applications and users. For example, users can use the Harvest Wallet to purchase a concert ticket or check into a hotel room or other facility.
Users can enjoy a full internet experience using UDAP’s State Channel technologies.

THE CONCEPTS
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.

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.

UPX Token
UPX tokens are implemented using the Ethereum ERC20 standard. The Total Supply is 10,000,000,000.UPX tokens can be acquired in the following ways: Token Distribution Event (TDE) Purchase of UPX tokens from secondary markets, such as cryptocurrency or token exchanges Airdrop (this method is intended as a means of popularizing the UDAP).

TOKEN DETAILS
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

ROADMAP
2017 Q2 - PROJECT KICKOFF.
Q4 2017 - RESEARCH COMPLETED, Coding started, Core Team built up.
Q1 2018 - UDAP FOUNDATION LAUNCHED, Technical white papers released, Started coding Proof-of-Concept prototypes and demos.
Q2 2018 - UDAP CONCEPT COMPLETED, Expand eco-system and community.
Q3 2018 - UDAP MINIMUM VIABLE PRODUCT(MPV) DEPLOYED AND RELEASED, State channel modules complete, Harvest Asset Wallet (MVP) released, First app – UMedia (MVP) released.
Q4 2018 - UDAP MIDDLEWARE V0.4 RELEASED, Harvest Asset Wallet & UMedia officially released.
Q2 2019 - UDAP MAINNET INFRASTRUCTURE V0.5 BUILT AND SHARED, More business partner’s application released.
Q4 2019 - UDAP MAINNET DEPLOYED, C2C Asset Marketplace released, More community projects kicked off
Q1 2020 - UDAP MIDDLEWARE V1.0 OPERATED, C2C Asset Marketplace operated.

For more information, please visit the following sites:
Website: https://www.udap.io/
Whitepaper: https://www.udap.io/whitepapers/UDAP-Whitepaper-English-v08.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5069084
Telegram: https://t.me/udapcommunity
Twitter: https://twitter.com/udapfoundation
Facebook: https://www.facebook.com/udapfoundation
Bounty: https://bitcointalk.org/index.php?topic=5071808.0

Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9