UÐAP-Blockchain Middleware for Tokenizing Everything

jordanabe (-1)(1)in #blockchain • 6 years ago

UDAP is an asset-based blockchain convention that can fundamentally decrease the expense of making asset arranged applications, both amid improvement and at runtime. For application designers and to make applications dependent on an amazing blockchain without composing any keen contracts, Asset Wallet was made. The administration helps applications rapidly tag in-diversion assets, for example, tickets, IP rights, testaments, and amusement assets. It likewise causes the application to make monetary forms in the application.

WHAT IS UDAP
UDAP, is blockchain abstraction layer that can signiﬁcantly reduce the cost of building asset oriented applications, both in the development time and runtime.

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.

Middleware Core Services
Token Service
The service helps applications to quickly tokenize in-app assets, such as tickets, IP rights, certificates, and game assets. It also helps application to create in-app currencies.

tokenservice
State Channels Service
The service implements state channel technology to help application to properly partition their application logic between on-chain and off-chain, to achieve the best of off-chain efficiency and on-chain persistence. This is critical to minimizing the cost and providing the best possible user experience.

Asset Wallet
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.

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

Applications
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.

TOKEN SALE
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.

The 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)