https://www.udap.io/

https://www.udap.io/

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A universal investment platform for building internet-assets on blockchain (mass tokenisation of everything).


Token metrics

Timeframe: TBA

Hard Cap: TBA

% of tokens available for purchase: Private 25%, Public 15%

Total capitalisation: TBA, Total Supply - 10 000 000 000 UPX


Social metrics

The website's lifetime: 18 days

Daily activity: 422 views, 106 visitors

Alexa: Global rank 3,629,028 (low rank)

Twitter: created in February 2018, 5244 subscribers (the project's strategic partner PChain is also subscribed),

Telegram: initiated on June 3, 2018, 10399 subscribers (the majority of which joined during the 1st stage of the airdrop)

Extra: there is an account in Medium, created in August 2018, which holds 8 posts mainly about the project and its partnerships.


The team:

Almost all of the team members are former employees at IBM.

  • Bing Ran

Co-Founder

Bing is a graduate of Tsinghua University, he got his Bachelor of Bioscience & Software Engineering from 1986 to 1991, after which he studied Developmental Biology at McGill University from 1992 to 1994 in, but haven't finished his degree. Among Bing's interests is Scrum.

His working experience includes IBM Canada during 1998-2000 as a Software Engineer and 3 companies, where he worked sine 2008 that don't have any registered employees in LinkedIn.

Bing describes himself as: «Cryptocurrency Programmer, JVM-related Scripting Language Developer, Architect for Internet Applications, CEO of Chain Mind Ltd, CEO of iClass Information Technologies, Former IBM Architect».

282 contacts in LinkedIn.

  • Derrick V. Warren

Chairman of UDAP Foundation.

Derrick was studying at Southern University and Agricultural and Mechanical College at Baton Rouge in Los Angeles from 1978 to 1982, where he got his Bachelor of Computer Science. After that, he was getting MBA in Business Administration at the University of South Florida. During 2015-1028 he was getting Executive Doctorate with the emphasis in research and international commerce. He has been working at IBM since 1983, during which period he worked in USA, Japan, England, and China on various positions.

Derrick describes himself as: «Former Vice President of IBM Global Services, Thought-Leader and Expert in IT Sales and Delivery, Strategic Transformation, Solution Consulting, and Client Management».

500+ contacts in LinkedIn. He has a personal website: http://www.dvwarren.com/, which does not feature UDAP and a twitter account with literally no subscribers.

  • Li Zhang

Co-Founder

He got his Ph.D. in Computer and Information Sciences and Support Services Graduate School, Chinese Academy of Sciences, and BS & Masters in  Geographic Information Science and Cartography at Nanjing University.

Li has less than a year of experience at Fujitsu as a software analyst, after that, he worked in various companies mainly as a technical consultant. He was working as Senior Managing Consultant at IBM from 2010 to 2015. Since 2016 he has been acting as СЕО at Xinong Technologies.

Li describes himself as: «Cryptocurrency Enthusiast, Blockchain Advocate, CTO of Chain Mind Ltd., Former Managing Director of Consulting at Inspur Group, Former Senior Managing Consultant at IBM, IBM Certified Architect».

200 connections in LinkedIn. No subscribers in Twitter.

  • Frank Ying

Co-Founder

He got his Master of Computer Science at California State University, Long Beach.

After that, he worked in various Chinese companies in positions like Business Development, and Managing Director in Shanghai and Beijing.

Frank describes himself as: «SME of Gaming and IP Industry, COO of Chain Mind Ltd., Former VP of Business at EPE, Former Managing Director at True Corp China, Former BD Director at The9».

500+ contacts in LinkedIn. He has a Twitter account with no subscribers.

  • Xiaofeng He

Chief Scientist

He got his Ph.D. in Computer Science at Penn State University. After that, he was working at Yahoo as a Research Scientist from 2007 to 2011, after which he was working for 1.5 years as a Senior Developer at Microsoft in Beijing. He has been a professor at East China Normal University since 2012.

Xiaofeng describes himself as: «Professor of Machine Learning and Big Data Analytics, East China Normal University. Former Research Scientist at Yahoo, Microsoft, Lawrence Berkeley National Lab; Ph.D. at Penn State University».

292 contacts in LinkedIn.

  • Douglas Wang

Founder of JIC Capital

He has got his MBA in Business Administration from Xi'an Jiaotong University. After that, he was working as Sales Specialist in IBM for 4 years, 3 years as Business Development Manager at Motorola, more than 3 years as a Sales Director at HP in Beijing. As our understanding goes, he has been involved in Fusion blockchain's community development since 2017. He founded JIC Capital in 2016.

Douglas describes himself as: «Blockchain & Crypto Investor, Community Operations Expert, Blockchain Robot Inventor, Founder of JIC Capital, Former Sales Director at HP China».

500+ contacts in LinkedIn.


Advisory board:


Andrew Sotiropoulos - before advising, he has been occupying senior positions in IBM Asia and working at Lenovo.

Sandra K Johnson - she is a former CTO at IBM Africa, owner of multiple patents.

John Ma - he was worked in 3 funds on various positions.

Some of the other advisors have featured relationships with IBM & Microsoft.


Partners/investors:

The only famous partner is Quarkchain, and it's necessary to understand the type of this partnership.

Strategic partnership with PChain is also mentioned on the project's Twitter page (but there's no mention of them on its website).

It worth mentioning that all of the links, except for that of QCK, are dead. We've managed to find a few of the featured companies - they function in various fields, from mobile apps to news outlets. There is a couple of very small funds.


The technologies and the idea:

The Whitepaper: a universal decentralised asset protocol - tokenising anything.

UDAP is a middleware, offering services for idle assets life-cycle management, search and trading.

In regard to asset management, the protocol will enable:

  1. Asset tokenisation;
  2. Notary affirmation for transactions;
  3. Arbitrary solutions for any disputes.

The project's value proposition for app developers:

  1. Vast possibilities for decentralisation without required investment in the base technologies.
  2. Fast, cheap and secure integration with public blockchains, without specific lock-in.
  3. Great user experience with the UDAP wallet.
  4. App-economy with in-app currency and asset tokenization and trading capability.

For public chain vendors:

  1. Great tool to attract developers to build new applications.
  2. Easier integration with "legacy" Internet applications.
  3. Less burden in supporting developers.

There's also a C2C marketplace for token trading planned. Among its possible use cases are event industry (tickets), tokenisation of services, finances for supply chain, sharing economy, gaming assets, art & collectibles, and ICOs. The marketplace is expected to come live during Q1 2020.


MVP:

Demo-version of the udap platform is available for use.


Github:

There are 26 repos in GitHub, 3 of which are forks (cosmos/ethermint, OpenZeppelin, go-ethereum)

The main repo:

Demo-version of the udap is build using JavaScript (since January, 28, 3 contributors, 4 releases, the major contributor is charlie wang).

The rest of the repos are dedicated to Ethereum wallets for ios/android/x-wallet, sets of smart-contracts and website content.


Addendum / summary / opinions:

Among points in favor of udap are availability of the protocol's MVP demo, and ongoing development of Ethereum wallets & sets of smart contracts prior to funding.

The project is interesting, the Whitepaper has enough detailed content, but its sphere is not quite popular.