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When anyone hears of the word Blockchain or decentralization, the first thing that comes to mind is cryptocurrency. The current technology’s prototype was introduced more than two decades back as a form of file system integrity. The real adoption was by the infamous Satoshi Nakamoto in 2008, when he wrote the paper on Blockchain and implemented it in the next year as Bitcoin. The cryptocurrency was born and the immense rise of its value led to other formations of cryptocurrencies that used on or another form of Blockchain technology.
Blockchain is more than just about assigning value that can be monetized. As a distributed ledger system, it can carry any information. Be it accounting or the results of the latest fashion trends. In the race to become the next big thing, Blockchain-based firms have conce ntrated on the financial aspect: how to increase monetary value of the digital asset and capitalize on it. This has led to other uses of Blockchain being pushed into the shadows.
A platform for businesses to utilize Blockchain for their every day operations, UniBright makes it easier for companies shift their ERP systems to decentralization. The UniBright team assessed that apart from Blockchain’s monetary asset systems overshadowing other uses, there were a few fundamental problems that resisted adoption by businesses:
UniBright developed four distinct services that allows for easy integration of Blockchain by corporations into their systems:
By making Blockchain adoption easy, UniBright intends to bring about mass adoption by organizations, small or large, in a variety of sectors, including, but not limited to, insurance, production, finance, medical and much more.
UniBright’s services are paid for through its internal token, the UBT. It is an Ethereum based token and is an industry standard ERC20. Out of the 150,000,000 tokens, 100,500,000 will be available in its token generation event that will start 10th April, 2018, continuing for a month. Unclaimed tokens will be destroyed to avoid inflation. Being sold at 1 UBT = 0.14 USD, the tokens will be available to early backers in exchange for ETH, BTC and on the instant crypto exchange ShapeShift.
More information is available at their website: https://unibright.io/