INTRODUCTION

According to wikipedia, Blockchain is originally known as bloc chain, It is a growing list of records known as blocks which is linked using cryptography, each of these blocks contain a cryptographic hash of the initial block, a transaction data and a time stamp.

Since its emergence in the year 2008, when Nakamoto satoshi discovered and introduced bitcoin, there has been serious efforts to integrate the blockchain technology into several aspects of various process of global business , The blockchain technology has been described as having the potential to disrupt many industries with immutability, low-cost transaction, and enhanced maximum security. So many other blockchain implementations have been deployed and developed with unique features designed to specific use-cases.

The blockchain technology has made possible to issue assets through a distributed ledger framework. With cryptocurrency tokens, Assets can be given economic value in order to validate and initiate transactional processes.

ADVANTAGES OF BLOCKCHAIN:

Decentralised payment processing,
Creating an immutable system of recording,
Reducing Cost of Transaction and
Enhanced Security.

Now that we have reminded ourselves of what blockchain technology is, let’s look into the subject matter.

ABOUT UDAP

UDAP, a Universal Decentralized Asset Platform, is a blockchain middleware that gives Restful APIs and a ‘Benefit Wallet’ for application engineers to make amazing blockchain based applications without composing any brilliant contracts. It’s a ‘layer two’ answer for non-fungible resources for rearrange and quicken blockchain application improvement.

UDAP is a blockchain-based resource convention that sits among applications and open blockchains to give Restful APIs and a “Benefit Wallet” for application engineers to make amazing blockchain based applications without composing any savvy contracts.

In what we call a “Benefit Oriented Programming” display, application engineers exploit the customary Internet application design and use UDAP as a layer of advantage tokenization, exchange authorization and contract settling in the event of debate.

UDAP Middleware Core Services

Token Services

The administration encourages applications to rapidly tokenize in-application resources, for example, tickets, IP rights, declarations, and diversion resources. It likewise causes application to make in-application monetary standards.

In fact UDAP gives various modules to accelerate application advancement

Token administration, to deal with the full life-cycle of benefit sponsored crypto-tokens. Applications can promptly enlist token-put together resources with respect to chain and offer inherent commercial center to their clients.

State channels benefit, to enable applications to direct exchanges for the most part disconnected and anchored by open blockchains, for example, Ethereum.

Information confusion benefit, to conceal the responsibility for, utilizing Ring Signature innovation.

Secure substance dissemination for computerized content resources, utilizing Proxy Re-Encryption innovation.

Trade benefit, for decentralized resource exchanging, including application monetary forms and resource tokens.

All inclusive wallet for flexible portable UI to manage any token-upheld resources that UDAP has kept up.

State Channels Service

The administration executes state channel innovation to push application to appropriately parcel their application rationale between on-chain and off-chain, to accomplish the best of off-chain effectiveness and on-chain tirelessness. This is basic to limiting the expense and giving the most ideal client encounter.

The arrangement offered – “Why UÐAP is so improtant?

The thought here is to tackle the issues by embracing and utilizing state channel innovation.

For instance the issue of versatility can be handled in light of the fact that the innovation treats blockchain as the question settling stage that typically is engaged with the moment by-minute activities, yet possibly assumes its job when contracts should be executed and essential resources should be secured.

By utilizing state channel, exchanges can run remotely off blockchain and with this plan cost is definitely chopped down.

In tending to the worries regularly raised in regards to security, UDAP gives clients the innovation to control the perceivability of their assts.

At long last, as it concerns the level of responsiveness, the stage by utilizing state channels would empower blockchain bolstered applications to give most ideal UX notwithstanding various extraordinary highlights of decentralized records.

It ought to be noticed that UDAP does not at all speak to a nonexclusive State Channel structure. It is fairly a usage of State Channes that are guided to the applications that bargain with non-fungible resources.

Previously, we step forward into revealing some insight into the UPX Token, how about we bring a little reroute into The Core Concepts of UÐAP:

The Core Concepts

NO.1 Protocol – Singular

Solitary is another advantage account demonstrate, it characterizes how a thing is tokenized and how it manages proprietorships and exchanging a decentralized way. The Singular resource demonstrate executes an idea: One thing = One keen contract

The Singular venture is a characteristic improvement in the soul of a portion of the prior blockchain advocates who had imagined what blockchain with brilliant contracts would accomplish.

NO.2 Middleware – UDAP

The essential idea of the Internet of Asset Protocol is to fabricate a “Thick Protocol + Thin Application”.

Application engineers just need adequate learning and comprehend their business rationale and client encounter, Therefore, the application is more slender and simpler. A thick convention dependent on UDAP middleware encourages them to quicken the blockchain advancement, to anchor the exchanges, and to decrease the improvement costs.

NO.3 Asset Wallet

Collect Wallet is an Asset Wallet that bolsters ERC20, ERC721, and Singular sorts tokens. It gives singular clients extraordinary accommodation and a bound together interface to tokenize, oversee and distribute their very own tokens, different fungible and non-fungible resources, and outsider applications can module the wallet as well.

Mint, oversee and distribute tokens

Bolster outsider applications that produce wide scope of advantages.

It gives a programmable UI to outsider applications to build up a total client encounter

NO.4 Applications

UMedia is a commercial center for collectible music and different types of computerized media resources on your cell phone, it incorporated some convoluted blockchain programming modules like all extraordinary token administrations, commercial center, Proxy Re-Encryption, State Channel, Singular. UMedia is to show the specialized capacities of UDAP. It’s so natural to make a Dapp by UDAP. Designers can utilize UDAP’s middleware to exchange their typical business into token-based business simply like UMedia does.

Increasingly unique Dapp coming controlled by UDAP, for example, Ticketing, Social, Education, Gaming, Health, Supply Chain Finance, Data Center, Technical Community, Travel, E-Commerce, Library, etc.

UPX Token

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.

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).

Token Details

Token – UPX

Platform – Ethereum

Type – ERC20

PreICO price 1 UPX = 0.0164 USD

Price in ICO – 0.0083 USD

Tokens for sale – 4,000,000,000

Distribution of Tokens

ROADMAP

2017 Q2 – PROJECT KICKOFF.

Q4 2017 – RESEARCH COMPLETED, Coding started, Core Team built up.

Q1 2018 – UDAP FOUNDATION LAUNCHED, Technical white papers released, Started coding Proof-of-Concept prototypes and demos.

Q2 2018 – UDAP CONCEPT COMPLETED, Expand eco-system and community.

Q3 2018 – UDAP MINIMUM VIABLE PRODUCT(MPV) DEPLOYED AND RELEASED, State channel modules complete, Harvest Asset Wallet (MVP) released, First app – UMedia (MVP) released.

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

Q2 2019 – UDAP MAINNET INFRASTRUCTURE V0.5 BUILT AND SHARED, More business partner’s application released.

Q4 2019 – UDAP MAINNET DEPLOYED, C2C Asset Marketplace released, More community projects kicked off

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

NOTE: This article is just a guide to prospective clients, investors and every person scorching for a slice of this amazing project,

You can get more information about these project with huge potential by following the link below:

Website: https://www.udap.io/

Whitepaper: https://www.udap.io/whitepapers/UDAP-Whitepaper-English-v08.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5069084

Telegram: https://t.me/udapcommunity

Twitter: https://twitter.com/udapfoundation

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