UDAP

UDAP

YosietoQingge 

UDAP

blockchain based system   that sits between applications and  blockchain 

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Introduction

Today, the company’s industry is increasing and continuing to surpass expectations quickly, according to international companies, the global market is expected to reach $ 150 billion by 2018, driven by creativity on other smart devices. revenue is expected to produce high product quality on tablets and smart phones.

This amount will increase revenues in 2018, which is reported to reach around $ 200 billion and will consistently increase by 8.2% from 2016-2020. Based on this growth, revenue is expected to reach $ 250 billion by 2020 with a very significant increase.

 

What is UDAP? 

UDAP, the Universal Decentralized Asset Platform, is a blockchain middleware that provides Restful APIs and ‘Asset Wallet’ for application developers to create strong blockchain-based applications without writing any smart contracts. This is a ‘layer two’ solution for non-commensurate assets to simplify and accelerate the development of blockchain applications.

About Udap UDAP

is a blockchain based asset protocol located between applications and public blockchain to provide Restful APIs and “Asset Wallet” for application developers to create strong blockchain based applications without writing smart contracts.

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

In what we call the “Asset Oriented Programming” model, application developers take advantage of traditional Internet application architectures and use UDAP as a layer of asset tokens, transaction notaries and contract adjudication in the event of a dispute.

UDAP Middleware Core Services

[   Service  Tokens   ] 

This service helps applications to quickly give tokens to assets in applications, such as tickets, IP rights, certificates, and game assets. It also helps applications to create currencies in the application.

The extraordinary characteristics of UDAP

For application developers: 

– Great decentralization feature without investing heavily in the underlying technology.

– Fast, inexpensive and safe integration with public blockchain, without special keys.

– Great user experience with UDAP wallets.

– Application-economy with currency in application and tokenisation of assets and trading capabilities.

For public chain vendors: 

– A great tool to attract developers to build new applications.

– Easier integration with “old” Internet applications.

– Less burden in supporting developers.

Technically UDAP provides many modules to accelerate application development

  • Service Tokens, to manage the full life cycle of crypto-tokens supported by assets. Applications can immediately register token-based assets in a chain and offer a default market to their customers.
  • State channel services, to allow applications to conduct transactions mostly offline and 
  • secured by public blockchain, such as Ethereum.
  • Service data confusion, to hide asset ownership, using Ring Signature technology.
  • Securing content distribution for digital content assets, using Encryption Recryption technology.
  • Exchange services, for trading decentralized assets, including application currencies and asset tokens.
  • A universal wallet for a flexible mobile user interface to handle all assets supported by tokens that have been assisted by UDAP.

This State Channel Service Service

applies state channel technology to help applications partition their application logic correctly between on-chain and off-chain, to achieve the best from off-chain efficiency and on-chain perseverance. This is important to minimize costs and provide the best user experience possible.

About Tokens UPX

UDAP Foundation issues UDAP tokens (also known as UPX tokens). UPX tokens are used to make deposits needed to become consumers of UDAP services. Transaction fees, gas payments (i.e. the costs of implementing smart contracts) and persistent storage payments are also usually collected in UPX tokens.

  • UPX Tokens UPX tokens are 
  • implemented using the Ethereum ERC20 standard. Total supply is 10,000,000,000. TokenUPX can be obtained in the following ways: Token Distribution Event (TDE) UPX token purchases from secondary markets, such as cryptocurrency or Airdrop token exchanges (this method is intended as a way of popularizing UDAP)

Tokens – 

UPX Platform – 

Type Ethereum – ERC20 PreICO 

Price – 1 UPX = 0.0164 USD 

Prices sold at ICO – 0.0083 USD 

Tokens for sale – 4,000,000,000 

Distributed at ICO – 40% 

Raised – $ 2,994,000

Roadmap 

2017 Q2 – PROJECT KICKOFF. 

Q4 2017 – BUILDING RESEARCH, start coding, build the Core Team. 

Q1 2018 – FUNDING UDAP FUNCTIONS, technical technical documents released, launching coding prototypes and Evidence-Concept demonstrations. 

Q2 2018 – FINISHED CONCEPT CONCEPT, Expand ecosystems and communities. 

Q3 2018 – UDAP MINIMUM VIABLE PRODUCT (MPV) DONE AND EXPANDED, State Channel Models Completed, MVP released, First UMedia (MVP) released. 

Q4 2018 – UDAP MIDDLEWARE V0.4 RELEASED, Asset Wallet & UMedia Wallet officially released. 

Q2 2019 – MAINNET UDAP INFRASTRUCTURE V0.5 BUILDED AND SHARED, business partner applications are submitted. 

Q4 2019 – UDAP MAINNET OFFERED, C2C Asset Marketplace released, More community projects begin

Q1 2020 – UDAP MIDDLEWARE V1.0 OPERATED, the C2C Asset Marketplace works.

team

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