Universal Ðecentralized Asset Platform (UDAP) - A Blockchain Middle...

Universal Ðecentralized Asset Platform (UDAP) - A Blockchain Middle... | Ecency

Hello everyone here, as I always do I welcome you guys once again to my little world that I always used to share my views about blockchain projects and startups. In this post, the project that I will be sharing with you guys is Universal Ðecentralized Asset Platform (UDAP) and I will try all my possible best to summarily share what you guys ought to know about this project. There's no time to waste, let's ride on.

Since Cryptocurrency came to the existence of in 2009 until today. Since it has been very volatile in nature. Have a lot of people who have started to know and understand about the need invested. Cryptocurrency is a decentralized, anonymous and electronically. The world crypto lovers very happy to be know’s and assume that it’s the right way to investment in the future .. even they called as money in the future.

WHAT IS UDAP ABOUT?
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:

Tokenu 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.

UDAP, is a blockchain abstraction layer that can significantly reduce the cost of building asset-oriented applications, both in the development time and run time. It includes the followings :

Protocol - Singular
Singular is a new asset account model, it defines how a thing is tokenized and how it deals with ownerships and tradings 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.

Asset Wallet - Harvest
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.

Mint, manage and publish tokens.
Support third-party apps that generate wide range of assets.
It provides a programmable UI for third-party applications to develop a complete user experience.

Applications - UMedia

UMedia is a marketplace for collectible music and other form 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.

WATCH VIDEO HERE

Token Details
UDAP Foundation issues the UDAP token (also known as UPX token). UPX tokens are used to make deposits required to become a UDAP service consumer. Transaction fees, gas payments (i.e. smart contract execution fees) and persistent storage payments
are also usually collected in UPX tokens.

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

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