What Is Unibright (UBT)?

What Is Unibright (UBT)? Complete Guide Review About Unibright.

What Is Unibright (UBT)?

The blockchain as a concept can be assessed from different point of views. It is important to understand the view of the Unibright team on the blockchain to understand the frame work and the constructive applications Unibright offers and to answer the question. ”What is Unibright?” They understand the blockchain1 as a data structure that is technically implemented in a decentralized peer-to-peer network and offers the possibility to define and hold both data and functions in single blocks, the smart contracts.

Unibright Some features promised by blockchain technology, like built-in security and information completeness, predestine it for use in the business integration domain. Smart contracts reside inside a blockchain and enable trusted transactions and agreements to be carried out among anonymous parties without the need for a central authority or enforcement mechanism. They render transactions transparent, traceable and irreversible.

Unibright Storage Key Points

Coin BasicInformation
Coin NameUnibright
Short NameUBT
Circulating Supply149,999,999.24 UBT
Total Supply150,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

The promises of blockchain technology

Unibright focus on the needs and demands of secure and efficient business integration. The challenges in business integration exist independently from an implementation strategy. Business integration is already happening and there will be cases, where existing technologies completely suffice to meet the demands, no matter if these technologies are based upon technical knowledge of the last decade or even the last millennium.

The potential of blockchain technology

Aside from the Hype factor, that accompanies every new technology, the blockchain
technology already yielded its proof of concept and its real-life relevance with the bitcoin[4] implementation and the Ethereum[5] environment, among others. Without regard to the use of the blockchain technology as a tool for business integration, experts agree on the potential of blockchains regarding growth and distribution.

The global blockchain technology market size was valued at USD 509.1 million in 2015 and is predicted to gain momentum over the forecast period. The blockchain technology is one of the most promising upcoming technological trends in the information technology domain.

The Unibright mission

Unibright mission is to provide the first unified framework for blockchain-based business integration. We expect blockchain technology to become pervasive and therefore want to make the use of blockchain technology more feasible and profitable for those driving real business and not ”only” exchanging crypto currencies. We are confident to be well positioned to become the first provider for blockchain based business integration.

They strive for bringing the promises of blockchain technology usage to the next level for business professionals. They are aware of and are gaining motivation out of the fact that complex enterprise system landscapes already exist. Some of these will not be touched for years, paying tribute to the principle of ”never changing a running system”. They do not see this as a defect – quite the contrary.

It is an essential motivation of those standing for offer a high-level concept and practical tools to integrate existing processes and IT-landscapes into the promising ecosystems of blockchains. They address existing teams with experts in different domains and want to make it easier for those teams to use the blockchain as one part of their
versatile solutions.

What is Business Integration?

In your understanding, business integration[8] is the use of system architectural principals, software architecture and implementation to integrate a set of enterprise computer applications. It means the integration, automation and optimisation of IT based business processes within and beyond the walls of a company’s organisation.

The purpose of business integration may be data integration, abstraction from specific vendors systems to ensure independence and integrity, providing common front-ends and standardized queries on available data. In demarcation of related terms, Unibright understand business integration as one motivation to define business processes3 and implement business workflows4 on top of them.