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INTEGRATING BUSINESS WITH BLOCKCHAIN – THE UNIBRIGHT CONCEPT by smithjones

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INTEGRATING BUSINESS WITH BLOCKCHAIN – THE UNIBRIGHT CONCEPT
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# Introduction

With advancement of technology, the start-up culture has boomed in the past few years. Setting up an idea, deploying it, marketing and acquiring funds has become significantly easier. For companies to stay in the market, it is important for them to be updated about newer technologies that are developed, and is essential that they migrate to and integrate their services with these technologies. A significant advancement in the field of technology has been the blockchain technology. Blockchain has changed the way data is stored, its security and its credibility in a massive scale. Since blockchain is in its early stage, businesses find it difficult to migrate their current systems to this platform because of the complexity, and the requirement of expert level of technical know-how. A new platform, capable of integrating existing technology to blockchain terms is required.

# Unibright for Business – Blockchain Integration

Unibright is a framework that aims to provide tools and utilities that help businesses integrate their existing system to blockchain and hence access the advantages of it. For using these frameworks, there is no need of a technical background as most of these are simple visual tools.



What are the advantages of blockchain with respect to businesses?

Implementing blockchain removes the involvement of middlemen, significantly reducing transaction cost. The data is stored in a decentralized manner, ensuring the durability and security of the data from cyber-attacks. Moreover, the changes made in the blockchain are public and verified, making the data credible and the whole system transparent. Once data enters into the blockchain, it stays forever. This makes dispute settlement is very easy, as there is no doubt for whether a transaction actually took place; you can just refer the timestamp and verify. For a business, these factors are crucial for securing a client's confidence.

# Available services

Unibright currently has various frameworks which help businesses to integrate their system with blockchain. Their primary tools are:

**Unibright Visual Workflow Designer**

This tool aids in designing workflows for the blockchain implementation and smart contract creation. It ia a visual interface, where there are templates for specific workflows, which can be modified as per the user's requirement. this saves the cost of hiring developers, and minimises bugs in smart contract creation. This process could be made more easier if the designer could itself demonstrate how the workflow should be, for different use cases. This could help people who are new to this field understand the business side of their idea better.

**Unibright Contract Lifecycle Manager**

The contract lifecycle manager helps to deploy blockchain specific smart contracts automatically designed for the workflow that is defined. Using this framework, users can generate and deploy new smart contracts and also pause or terminate existing smart contracts. The burden of error free coding, just vanished with a click!

**Unibright Explorer**

This is the interface which shows all the data that is available on a user's chain and also the current statuses of their smart contracts. Companies can easily monitor and track their data using this tool, and like others, this requires no technical background to operate upon. Everything from collecting the data to parsing it is done automatically by the tool. Users can query in on the data, and reoccurring queries can be stored locally as query sets.

**Unibright Connector**

The Unibright connector, like its name, connects the non-blockchain systems, like ERP systems or whole other blockchains, to the blockchain world. For this, connectors make use of Smart Adapters, which are programs which transform various communication technologies to the desired platforms. The connector is a tool which demands some technical background to understand it's working. Backfire?

At the time of writing, Unibright has only extended its services to the Ethereum platform. Further research is going into developing solutions for migrating into other platforms, like NEO, Hyperledger Fabric, etc.

# Token details

The Unibright token (UBT) is the primary method for payment in the Unibright network, for availing services offered by the platform. It is an ERC20 compliant token. Through the token sale, 150 million tokens are going to be generated and distributed. (Compared to a lot of stand-alone blockchain projects, this amount of supply of tokens is very low; after all the platform itself is promoting the use of blockchain.)

ICO Details

The ICO is scheduled to begin on April 10th 2018 and is scheduled to end on May 10th 2018, or when the maximum amount of tokens are sold. The price of a token is set at $0.14. Additional 10% and 5% bonuses are offered to the investors while the first and second quarter of tokens are sold, respectively.
# Final Verdict

It is of no doubt that blockchain will empower businesses. Right now, the technology is relatively new and is in its growing and discovery stage. The Unibright platform will surely help several businesses to refine and smoothen their proceedings, by integrating their systems with blockchain, while having zero or very little technical knowledge about the same. The platform already has signed up several big clients, and will only continue doing so, as long as they develop the platform their framework can integrate with. The time, when instead of transaction details, actual chunks of data is going to be stored in the blockchain is not quite far, and Unibright should really focus on developing their framework for these tasks. Moreover, the platform could design its products with an assumption that its users are practically newbies to business – thus eliminating a newcomer's difficulty of comprehending the use of the platform and its tools.

**Website** - [https://unibright.io/](https://unibright.io/)

**Whitepaper** - [https://unibright.io/download/Unibright\_Whitepaper.pdf](https://unibright.io/download/Unibright_Whitepaper.pdf)

**ANN** - [https://bitcointalk.org/index.php?topic=2892915.0](https://bitcointalk.org/index.php?topic=2892915.0)

**Telegram** - [https://t.me/unibright\_io](https://t.me/unibright_io)

**Published by** – smithjones

**Profile** - [https://bitcointalk.org/index.php?action=profile;u=1936039](https://bitcointalk.org/index.php?action=profile;u=1936039)
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