Universal Labs' Ubbey Network and Box

Cloud storage is a model of data storage in which the digital data is stored in logical pools, the physical storage spans multiple servers (and often locations), and the physical environment is typically owned and managed by a hosting company. These cloud storage providers are responsible for keeping the data available and accessible, and the physical environment protected and running. People and organizations buy or lease storage capacity from the providers to store user, organization, or application data.

The demand for cloud storage services has grown exponentially over the last decade, and two types of cloud storage seem discernible: Personal and Public.

Public clouds involve the complete outsourcing of data storage to trusted centralized providers (e.g.: DropBox, Google Drive); these provide the benefit of a low monthly fees and ease of use. However, public cloud providers present certain important weaknesses: Unpaid bills may result in lost data; pricing rises substantially as storage requirements increase; centralized providers are prone to hackers and government eavesdropping; and centralized providers themselves may collect information from the data being stored.

Private clouds involve the installation of a local storage system to which permissioned devices can be connect to in close proximity. Unlike public clouds, private clouds enjoy higher levels of privacy and security: They are harder to breach, and centralized third parties will not have access to the data itself. Although frequently personal clouds present a higher upfront cost, the amortized cost over the long run will be lower, and this will be achieved while retaining the strictest ownership of personal data.

The two biggest concerns about cloud storage are reliability and security. Clients aren't likely to entrust their data to another company without a guarantee that they'll be able to access their information whenever they want and no one else will be able to get at it.

The cloud storage and blockchain may be a match made in heaven, but it is unlikely that every enterprise organization will build its own infrastructure that can support it. Integration of the two technologies can ensure consistent performance and security. 

Indeed, other advantages of the storage allow access to data and blockchain-enabled applications. Implementing the cloud storage can enable access-based management approaches and identity to thrive. Service providers can provide strong foundations, eliminating the need for organizations to integrate applications on their own.

Some enterprise cloud service providers can even leverage data on a decentralized blockchain, storing data on dozens of separate pathways, which are dispersed worldwide. Blockchain technology has come a long way. It is certainly a game-changer.

Ubbey Network is an all new blockchain platform that has been developed by Universal Labs. Ubbey Network is a decentralized network powered by Ubbey Box and the Ownership Protocol (OWP) that has been designed to enable peer-to-peer exchange. In addition to facilitating asset transfers between network participants, Ubbey also allows for ownership transfer of alt currency holdings along with other physical assets such as real estate, cars and luxury products.

Ubbey Box is a hardware device designed by Universal Labs. It can be used as a personal cloud storage for individuals or 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.

Some of the other core features of Ubbey include:

Development Environment:

The network is completely open-source based and can be used for constructing various DApps. These applications can make employ the OWP protocol and as a result of this will have the capacity to connect virtual data with real world assets.

Digital Data Ownership:

Many blockchain enthusiasts already know that it is quite difficult to assign ownership of data when using digital platforms and assets. However, through the use of its internal algorithmic modules, Ubbey is able to streamline the entire exchange process, making such complex transactions easy for all of the involved parties.

Usability:

The platform makes use of a universal protocol that is compatible with a wide array of digital assets.

Security:

Ubbey provides users with a technology that helps them differentiate between original and counterfeit products.

Transparency:

As with all high quality blockchain services, Ubbey makes use of a decentralized network that is powered by Ubbey Box and the Ownership Protocol (OWP). This allows for transactions to take place in a completely transparent manner.

Fast:

Owing to its use of a P2P model, ownership exchange of digital and physical assets can be done directly from one IP to another within a matter of seconds.

Reliable:

According to the website, the Ubbey network block creator makes use of nodes that are based on a specialized Proof of Storage consensus algorithm.

For more information about Universal Labs or Ubbey, feel free to visit the company important links below:

Official Website: http://ulabs.technology/

Whitepaper: https://ulabs.tech/images/Universal-Labs-WhitePaper.pdf

Twitter: https://twitter.com/ulabstechnology

Medium: https://medium.com/universal-labs

Telegram: https://t.me/universallabs

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