What is Unibright (UBT)?

Unibright is a German company that strives to bridge the gap between traditional business applications and blockchain technology. It offers a framework of a unified concept, tools, and integration, allowing anyone (developers or companies) to build a blockchain-based business network on the unifying framework. Existing business applications can be integrated into the Unibright framework at any time, making it possible for developers to independently implement blockchain-based business networks that are agile and scalable in mere weeks after project kickoff.

Unibright has already attracted interest from numerous companies and organizations around the world, including well-known names like Microsoft, Lufthansa, and Concircle. The template is used as a basis for projects, businesses, and services in many different areas, including supply chains, corporate networks, P&P business models.

Unibright is widely associated with the ‘Baseline Protocol’ project. An open-source blockchain-based protocol that provides businesses with blockchain, messaging, and cryptography needs by acting as a middleware for a public blockchain such as Ethereum. Unibright offers a method of implementing business logic into the protocol, which will be embedded into any blockchain solution using the Baseline Protocol as a middleware.

Unibright has its own blockchain, known as ‘Baseledger.’ Baseledger is a public, council-governed blockchain that provides enterprise services to businesses and solutions to existing trade-offs in Enterprise and Baseline usability. It also has its very own digital currency (UBT) which is the utility token used to pay for transaction fees on its network. Unibright includes plugins that allow virtually any application to be integrated into the framework, including those developed with C#, nodeJS, and AngularJS frameworks.

 

Who are the founders of Unibright (UBT)?

Unibright co-founders Marten Jung and Stefan Schmidt have been developing software for 20 years, starting as programmers in the mid-1990s. They are now working to make software development much more accessible through Unibright.

The German pair are experts in software development, process integration, and technology consulting. Marten Jung is the CEO of the company. He has a Bachelor’s and Master’s degree in computer science from the FernUniversität in Hagen. He was also a member of INATBA, and was a leading contributor to Ethereum mainnet integration for enterprises.

Stefan Schmidt, on the other hand, is the project’s CTO. He also played a major role in the development of Baseline protocol and was a taskforce leader at Enterprise Ethereum Alliance.

 

What is Unibright (UBT) used for?

Unibright framework is essentially used as an easy-to-use template, which allows developers and non-developers to easily create applications with blockchain technology and smart contracts. The framework also can integrate with existing business applications-offering developers an effective and low-cost way to implement new applications.

Unibright allows connecting various protocols (blockchain / REST API) using protocols defined by their smart adapters.  Unibright uses adapters that define how to interface with any protocol or system through their adapters. Adapters are well-described through a protocol specification and can be easily implemented. An adapter is a layer that defines how any protocol or system can be connected with the Unibright framework. For example, it defines the “contract” between the Unibright framework and the underlying protocol/system using the information specified in the adapter.

The Unibright token is used in the framework by their customers to build and integrate their enterprise applications. The number of tokens required often depends on the transactions done. For example, a company doing approvals on the framework will require at least one transaction per order. This transaction will be charged in Unibright tokens.

 

What is the unique point of Unibright (UBT)?

Unibright is a low-code integration and modeling framework created to bring blockchain technology to mainstream users. It offers a practical solution to existing problems in blockchain technology. This solution is not only helpful in creating new, revolutionary applications and networks but also aids existing businesses with blockchain integration. The framework is flexible and easy to use, making it possible for companies to easily implement a new blockchain-based business network.

Asides from building and integration, Unibright also aids in DeFi and tokenization for new projects. This means that customers can use the framework to come up with their own tokenized business applications. Tokenomics is important in any DeFi project and Unibright offers its services in many aspects of token development including token definition, token issuance, custodian services, exchanges and liquidity, integration, derivatives, and portfolios.

With their no-coding-needed approach, Unibright is the perfect framework for enterprises that want to implement blockchain technology but lack the knowledge or manpower for developing their own applications. The Unibright framework comes with a built-in support system, which makes it easy to integrate protocols and software into the process. The framework uses smart contracts to push changes as they happen, meaning that all nodes are updated at once. All system changes are logged on the blockchain, ensuring transparency in the network.

Unibright also has its very own token (UBT) which is distributed amongst its customers and used by them as a means for transactions on their network.

 

How many Unibright (UBT) coins are in circulation?

The current circulating supply of UBT tokens as of February 2021 is 149,999,999 UBT; with no given information on the maximum supply.

 

How is the Unibright (UBT) Network secured?

The Unibright protocol validates all data sent between clients and partners. This guarantees that transactions are always conducted as intended by the parties involved. Base Protocol serves an important role in the security of the Unibright network. It provides a secure cryptographic format for private conversations, which guarantees data integrity and confidentiality. Due to the design of the Base Protocol and its built-in integrity checking, it is very unlikely that malicious parties will be able to disrupt or take control of the network.

A secure messaging service is also available on the Base Protocol with a Zero-knowledge-proof service. Users will be able to securely interact with other users of any kind. This will lead to new ways of collaboration between enterprises and individuals. Additionally, this level of transparency can help companies communicate their added value and conduct a fair value exchange in a stateless manner.

 

How do I buy Unibright (UBT)?

The Unibright ecosystem has grown over time and has derived the attention of some major exchanges. Currently, UBT can be purchased on Uniswap (V2), Bitdesk, Bittrex, Liquid, and HitBTC.

 

Which Cryptocurrency Wallet Supports Unibright (UBT)?

The PTPWallet platform supports many cryptocurrencies simultaneously such as Unibright (UBT). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their UBT wallet because it offers a simple and interactive interface making it easy for people to navigate its system.

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