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. UDAP's ultimate goal is to build the Internet of Assets. Its value proposition has a clear boundary, and includes the following concrete deliverables:
Develop an asset protocol through understanding the "assets" in our world from a blockchain perspective, and create abstraction of the general behaviors of assets; Define convenient APIs for traditional vertical applications to integrate with blockchains, which would not require application developers to have a deep understanding of blockchain and decentralization technologies.
Provide a reference implementation of UDAP protocol, on top of Ethereum initially. We abstract the most central part of decentralized computing, decentralized storage technology and decentralized messaging mechanism into a concise and effective API.
Implement a Universal Asset Wallet(UAW) for end-users. The UAW will capture the most
useful interaction patterns with assets that allows users to store, copy, transfer, sell/buy, and
trade a variety of assets deposit from third party applications in one place. Such a design for
third-party application development, in fact, is a very favorable news, because the third-party
platforms can focus on the current core business logic without having to figure out how to
build their own assets blockchain and user Interaction.
Engage cloud service partners to offer Asset Blockchain as a Service (ABaaS) so that
organizations can easily create their own private or consortium asset chains that can connect
to the UDAP public chain for value exchange.
Build a global C2C marketplace to enable asset trading and exchange without
intermediaries.
Support business to transform to token economy as a technology enabler through.
