Ulabs (YOU) Blockchain Service - Rating and Details of Ulabs ICO (Token Sale) - Rating: Not Rated

Universal Labs is building the state-of-art blockchain solutions designed to facilitate digitalization of asset ownership and making it transferable through the help of Ubbey Network and the OWP protocol. These solutions working together with Dapps built on top of the OWP protocol, are made with the ultimate goal of bridging the gap between physical and virtual universe and creating a frictionless ecosystem for peer-to-peer transactions of all types of assets.

The Ubbey network is a decentralized network powered by Ubbey Box and the Ownership Protocol (OWP), which enables ownership exchange of digital physical assets in a peer-to-peer way. Once an asset has been registered, it could be transferred directly from one IP to another on the Ubbey Network almost instantly, just like transferring files over peer-to-peer protocols.

Ubbey Box is a hardware device designed by Universal Labs. It can be used as a personal cloud storage for individuals and enterprises. It provides user with massive amount of secure data storage space, with 1TB or 2TB options available in the first version. It allows users to backup or store at one place and access the file from anywhere and anytime. Users can connect Ubbey Box with different devices including but not limited to media players, gaming consoles and smart TVs. With the arrival of Internet of Things, Ubbey box can also connect with various smart devices in future. Ubbey Box is also a full node for the Ubbey network, which means it acts like a miner in Bitcoin network. The Ubbey network block creator will be randomly selected from Ubbey box nodes based on Proof of Storage consensus algorithm. Users can mine YOU token through sharing their personal storage space and be rewarded with YOU token as an incentive to power and secure the network.

 

 

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