Blockchain technology has been making inroads in different industry applications like Fintech, healthcare, Supply chain, Shipping and others and is gaining popularity in the commercial world for its ability of securely storing and sharing all records. As the technology progresses further, more disruptive use cases of Blockchain are expected to come further with implementations of Smart Contracts that will cater to these transformations.
However, developing blockchain-based solutions requires high-end programming and coding skills specific to the applications of different businesses. This means that one needs to get knowledgeable and expensive coders on-board to build solutions for them. Big corporations having surplus investment capacities have already started working on blockchain solutions, however, small and medium scale enterprises still struggle to get blockchain-based solutions for their business applications.
UniBright aims to changes this scenario and is the first united framework for integration of blockchain-based businesses solutions. The team at UniBright creates visual business workflows which in turn automatically generate the code for smart contracts for different blockchains. As a result, UniBright empowers businesses of all scale and size to use and integrate the Blockchain technology in their existing IT landscapes without the need for any domain specialists.
The UniBright tools are designed with a holistic view with more focus on business process and business demand making businesses free from the burden of technical implementations.
Understanding the Working of UniBright Platform
The basic process starts with defining the workflow integration by using the proven and audited templates. The templates comprise of pre-defined workflows suitable to different use-cases. Currently, the platform hosts more than 10 working templates like “Milestone Payments”, “Multi-Party Approval”, “Quotation Requests” and others.
The user needs to select the templates of his/her requirement and customize the standard workflow as per the need. Within the workflow itself, the user can also define system boundaries, important connections to IT systems and integration with other blockchains.
Once the templates are selected, the code for Smart Contracts comprising of the business logic is generated automatically which can be deployed to a specific blockchain via the Unibright Contract Lifecycle Manager.
The UniBright Explorer is a dashboard which shows the state, transactions and flow of information among all the participating units.
The SmartAdapters helps to integrate different systems and technologies. The configuration of the Smart Adapters is also automatically generated from the design workflows.
UniBright ICO Details
To fund the development of its project UniBright is conducting an ICO for its UBT tokens for a period of days from April 10, 2018 to May 10, 2018. The use of UBT tokens will be limited only to the UniBright platform for developing smart contracts or availing other services.
The total supply of UBT tokens is 150 million of which 100 million tokens will be used for ICO distribution and sale. The UBT tokens cannot be mined and no tokens will be issued after the sale period gets over. More details of the ICO and UniBright can be obtained through its.