WHAT IS UÐAP
WHY UÐAP MATTERS
What are problems now?
Today, the blockchain is still in early stage, not much experience programmer, not much development tools, open source codes to help you to develop a blockchain application. It is difficult for developers to build application that can match Internet applications in terms of scalability, performance, cost and user experience.
Valuable decentralized features that do not require heavy investment in blockchain technologies.
UDAP defines convenient APIs for traditional vertical applications. This allows them to integrate with blockchains. An added benefit to application developers is that a deep understanding of blockchain and decentralization technologies is not required.
Fast, cheap and secure integration with public blockchains, without specific lock-in.
UDAP implements State Channel technology to solve some of the most challenging issues with developing and running Blockchain-based applications. State Channel technology provides high scalability, low cost, privacy protection and immediate responsive.
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.
UDAP has a set of smart contracts templates (initially based on Ethereum) that are configured by applications before deployment and at runtime. Early testing shows that this automatic templating system can cover 90% of regular application use cases.
What are our solutions?
HOW UÐAP WORKS?
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.
UDAP provides multiple modules to speed up app development, such as:
Token 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.
Universal Asset Wallet for versatile mobile user interface to deal with any token-backed assets that UDAP has helped to maintain.
UDAP Token Service manages the full life-cycle of asset-backed crypto-tokens, starting from tokenizing different asset dynamically.
State Channels Service
UDAP implements state channel technology to solve some of the most challenging issues with developing and running Blockchain-based applications:
Scalability: 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: State channel allows transactions to run locally off blockchains, thus carries a cost model comparable to traditional Internet applications.
Privacy: UDAP provides technology to let users control the visibility of their assets.
Responsiveness: State channels would enable blockchain supported applications to offer best possible UX together with unique features of decentralized ledgers.
Universal Asset Wallet
Harvest Wallet 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.
Core team built up
UDAP FOUNDATION launched
Technical white papers released
Started coding Proof-of-Concept prototypes and demos
UDAP concept completed
Expand eco-system and community
UDAP Minimum Viable Product(MVP) deployed and released
State Channel modules completed
Harvest Wallet (MVP) released
First app – UMedia (MVP) released
UDAP Middleware V0.4 released
Harvest Wallet & UMedia officially released
UDAP mainnet infrastructure V0.5 built and shared
More business partner’s application released
UDAP mainnet deployed
C2C Asset Marketplace released
More community projects kicked off
UDAP Middleware V1.0 operated
C2C Asset Marketplace operated