UNIFICATION - The Cross Chain Protocol For Data Liquidity

PREAMBLE

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Unification, a decoupled architectural framework that provides generalized state channels for data standardization and interoperability across enterprise tech stacks has arrived.

"It is no news that in the modern business environment, companies rely on artificial intelligence and machine learning that depend on extensive data that allow them to advance their performance capacities.

The business relying on extensive data has increased through the recognition of the ability to use this data to optimize their operations.

These companies transact extensive data between their customers, investors, and third-parties. Data use has become the driving force behind businesses operations, and through this processes, there is a need for improving the efficiency of data exchanges to enhance productivity and efficiency. Current data management systems used by businesses lack openness, security, and transparency."

With that being said, The Unification Project aims to create standardized data storage and data transfer protocol. This protocol supports various data types, safe, fast, and scalable. The Unification's blockchain will store the important data state (hashes metadata).

But before we go any further, please check out this video presentation made by the founder to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is UNIFICATION?

As depicted above, Unification is a decoupled architectural framework that provides generalized state channels for data standardization and interoperability across enterprise tech stacks.

In addition, Unification is a new cryptocurrency company that offers a third generation EOS-based infrastructure protocol that can be used to unify and standardize data from B2B and C2B exchanges.

The app uses smart contracts built to transform data into usable formats and create easier transmission of data between apps while it allows data to be either incorporated or exchanged without performance issues. Basically, you can use it to make the data easier to understand and manipulate for your company. Not only the company will create a software that will enable better data to be put together and used, it will also act as a marketplace that can be used to connect data producers and purchasers.

Many industries have a high demand for data at this moment and users are generally creating data at every moment, so by enabling the users to monetize this set of data that they create, the company is creating a win-win situation because it connects two market actors that really need each other. The company defends that this is a good model because the current blockchain-based identity solutions are not seamless enough, in fact, they are very clunky and depend on the will of the users for adopting a new technology that can be quite complicated.

The Aim

The Unification Project aims to create standardized data storage and data transfer protocol. This protocol supports various data types, safe, fast, and scalable. The Unification's blockchain will store the important data state (hashes metadata).

Before, we take a step forward into shedding some light on The Unification Features, let's take a little detour into The Products, Competitors & Ecosystem of Unification:

The Products, Competitors & Ecosystem of Unification

The components of Unification ecosystem:

Babel

Babel is an app for end users and data consumers. They use this as a wallet, keystore, and frontend interaction for the UApp store. Data consumer will also be able to use this app to start data transfers while end users can use this app to manage data permission. Babel will more or less act as a gateway to end users and data consumers in order to interact with the protocol. For example, with Babel, users can disallow location data to be accessed by any apps, or by specific apps.

Blockchain

According to Allie's blog post (one of the Unification advisors), Unification is a blockchain agnostic protocol. As long as the smart contracts can be ported it should work. This happens because data transfer is done via off-chain transactions. On the other hand, blockchain is used to store metadata, which includes data schemas/properties, user permissions and so on. Which is why Unification doesn't need to build a new blockchain, they can use any existing blockchain that has enough scalability to transfer and communicate metadata across network participants.

Haiku Server Node Software

This is an app for data providers. Data providers have to install and deploy smart contracts in order to provide a connection between the existing database and the network.

Haiku Client Software

This is an app for data providers. Data providers have to install and deploy smart contracts in order to provide a connection between scripts and the network.

How The Ecosystem Works

There are several projects out there with similar purpose or business field (data decentralization). Some of them are:

Ocean Protocol

It's a data exchange protocol for AI. It helps data consumers to generate data result from AI and has its own blockchain. They don't have effective strategies to onboard customers and there is no data standardization or give end users control over their data.

According to Allie, Ocean Protocol might be the closest competitor to Unification. However, Unification has an advantage as it is just a protocol and not a blockchain per se. It also provides SDK with plentiful documentation to help onboarding customers simpler and feasible. On top of that, Unification also allows end users to decide which data they can share and which is not allowed to be shared.

Datum

Datum is a decentralized data platform where users can monetize their own data. Users are able to provide data that they wish to monetize into the platform, and data consumers can buy them using DAT tokens. They're going to launch their own blockchain, and their data is stored on-chain. Because of this, it might suffer from bottlenecks and scalability issue especially if the data is big and there's a lot of transactions on the network. Datum doesn't target enterprise exclusively, rather they're more like targeting end users who wanted to monetize their data. It is difficult for them to onboard business enterprise and speeds up their adoption because end users must understand and familiar with blockchain and stuff since the first time. On top of that, users have to upload/data on their own without the ability to stop apps collecting data that they wanted to keep private.

The Unification Features

The HAIKU protocol is one of the most important features offered by this company at the moment. It is with this protocol that websites, apps and other tools are seamlessly linked with each other for the construction of a unified app. Not anymore will each technology be an island, as HAIKU will connect them while keeping their sensible information locked away from each other.

The company believes that this type of technology can drastically improve lives. While one app can collect medical data, for instance, another one will privately store the medical records and a third one will receive permission to access them by paying the owner.

HAIKU’s technology can be also used in many other types of situations, like dating apps, ads, tech companies and many more. This will result in an experience is frictionless and seamless. Users will always be paid for their information, will be able to spend their money anywhere easily and will have a unified identity all over the system, which will save some work.

Now that you have an idea of how it all goes down, I know you are surging to participate already. Check out the details below! I am sure it will help!

Token and ITO Details

Token Sale: 01 November — 30 January

Ticker - UND

Token type - ERC20

Token Max Supply - 1,000,000,000

Whitelist - Yes

Know Your Customer (KYC) - Yes

Min/Max Personal Cap - 1

Token Release Date - At the end of the ICO

Cryptocurrency Accepted - BTC, ETH

The Tokenomics & Token Utility

There will be a total of 1 billion tokens created, in which 25% of them will be sold during the ITO (250,000,000 tokens). The price of the tokens is $0.075 per UND. The mechanism to prevent price drop is quite good. Team tokens are locked up for 3 years, with quarterly vesting. Advisor lockup is between 1 - 2 years depends on their role, with quarterly vesting. The private sale cap is 35,000 ETH, no bonus at all. 50% of the tokens will be released at the TGE, 25% in 3 months and the rest after 6 months. The public sale tokens, on the other hand, doesn't have any lockup.

Hard Cap: 12,000,000 USD

Token supply sold: 25% (20% private, 5% public)

Ecosystem Development: 30%

Market Support: 15%

Founding Team: 12%

Future Team: 8%

Advisory: 5%

Community Distribution: 5%

The Utilization of Tokens in The Ecosystem

Payment to data providers and to end users by data consumers in order to get data and permissions to use the data.

A source of revenue stream for data providers because they connect their database to the Unification network.

A source of revenue stream for end users because they will get paid when there's a buyer and at the same time still control their own data.

The tokens will act as the standard to value data. It will help everybody to directly exchange their data via buying or selling their data with the tokens rather than doing complex deals of data exchange with other parties. To put it simply, there won't be any more complex barter. Participants can use the tokens to express data value, enabling other parties to buy or sell it and gain access to it.

Meet The Amazing Team

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

WEBSITE: https://unification.com/foundation/

WHITEPAPER: http://go.unification.com/whitepaper

VISION PAPER: http://go.unification.com/visionpaper

TWITTER: https://twitter.com/UnificationUND

TELEGRAM: https://t.me/UnificationFoundation

MEDIUM: https://medium.com/unificationfoundation

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.