Universal Labs is building a blockchain solutions designed to facilitate digitalization of asset ownership and making it transferable through the help of Ubbey Network and the Ownership (OWP) protocol. Ubbey Network is powered by Ubbey Box, our blockchain personal cloud device that also act as a node in the network. Developers can build dApps on top of our OWP protocol, our ultimate goal is to bridge the gap between physical and virtual universe and creating a frictionless ecosystem for peer-to-peer transactions of all types of digital assets.
Universal Labs was created to solve a series of shortcomings presented by incumbent infrastructures:
▪ Digital data ownership: It is hard to assign ownership on data. It is even harder to claim, enforce
and monetize that ownership.
▪ Universal solution: Lack of a universal protocol for the transaction of digital assets.
▪ Verification of physical assets: Difficulty for the average consumer to differentiate original products
from counterfeit ones (e.g. Luxury handbags, luxury watches, fine arts, wines, etc.)
▪ Limitations of current cloud model: Inability of the current cloud service model to service
exponentially increasing throughput. This goes on top of the aforementioned costs of setting
up personal cloud systems and the risks of data loss due to device failure.
Universal Labs solution: The Ubbey Network
The Ubbey network is a decentralized network powered by Ubbey Box and the Ownership Protocol
(OWP), which enables ownership exchange of digital & physical assets in a peer-to-peer way. Once
an asset has been registered, it could be transferred directly from one IP to another on the Ubbey
Network almost instantly, just like transferring files over peer-to-peer protocols.
The Ubbey Box Advantage
Ubbey Box is a hardware device designed by Universal Labs. It can be used as a personal cloud
storage for individuals and enterprises. It provides user with massive amount of secure data storage
space, with 1TB or 2TB options available in the first version. It allows users to backup or store at one
place and access the file from anywhere and anytime. Users can connect Ubbey Box with different
devices including but not limited to media players, gaming consoles and smart TVs. With the arrival
of Internet of Things, Ubbey box can also connect with various smart devices in future. Ubbey Box is
also a full node for the Ubbey network, which means it acts like a “miner” in Bitcoin network. The
Ubbey network block creator will be randomly selected from Ubbey box nodes based on Proof of Storage
consensus algorithm. Users can mine YOU token through sharing their personal storage space
and be rewarded with YOU token as an incentive to power and secure the network.
The shipment of the first generation of Ubbey Box with mobile app in place.
Qin Launch of test net, this is to ensure the network is ready for digital asset ownership registration. Announcement of major partnership to ensure a wide distribution channel for Ubbey Box and the distribution of Ubbey Box is decentralized.
Han Launch of main net, complete integration of OWP protocol with Ubbey Box. This ensure that key elements are in place so that Ubbey Network grows into a fully decentralised and autonomous system.
Sui Integration of InterPlanetary File System (IPFS) with OWP Protocol.