‘UBBEY’ – THE FUTURE OF CLOUD STORAGE

kimutai (37)in #blockchain • 6 years ago (edited)

Since time in memorial, there has been need to store data in day to day life. Factors such as security of data, cost, availability and compatibility have driven evolution of data storage and currently we have cloud storage. Enterprises and businesses today are embracing cloud storage in data management and there has been need to have efficient and best cloud storage systems and platforms.
Choosing the best cloud data storage provider that knows your exact business requirements can make life simpler for you and contrarily failure to choose the right data storage provider is a total failure because it will place you at a disadvantage with respect to your competitors
Having a cloud storage comes with many benefits if and only if one could avoid the common problems. It becomes tricky when trying to select the right cloud storage provider before giving up your data for cloud storage and it is therefore important to consider the following:

Downtime History – This will give you a summary of how the cloud storage platform has been in the past and therefore an overview of how efficient they maybe in the coming days.
Data accessibility – These comprises of what bandwidth they accommodate within their data center, between their data centers and also to the internet.
Cost Budget – includes fixed charges and bandwidth charges to move data in and out

The 'Ubbey' Network

Universal Labs has developed a decentralized blockchain network platform that is called Ubbey. Ubbey network refers to the decentralized network that is powered by Universal Labs and permits its users to do exchange of digital and physical assets in a peer-to-peer way. These company allows an asset to be transferred from one Internet Protocol to another once the asset has been registered on their protocol. This is completely different from the traditional cloud storage because no information about the user is collected. The company also ensures that the users’ files are encrypted and distributed across its decentralized network and only permits the user alone to have access to their data and files.

The Ubbey Network is keen to develop the worlds’ top rated decentralized cloud storage network where users are given total control of their files while enjoying the cheapest pricing tied together with personal ownership, maximum privacy and enterprise grade security.
Currently individuals are creating huge amounts of data (ranging from new photos and videos, new audio recording from lectures and conferences and new documents from work or school) each day just on their mobile phones and computers. The challenging issue is that all this information is enormous and these devices simply cannot accommodate the increasing volumes of information each day. These individuals are left with an option of cloud storage which has been accepted despite the hitches in security are intimidating the transparency of these services especially when we consider the cost users have to pay in order to sustain their accounts.

The Ubbey account system functionality

The following is the functionalities of the UBBEY account system. They are the basis of a starting point for the development of the UBBEY account system:

Subject of Ownership
Exclusive data controller
Smart Contract Authorization Controller
Multi-Party Signature Access Authorization

Ubbey Box

Ubbey box is a hardware device developed by Universal Labs and may be used in place of a Personal storage for individuals or group of people and avails participants in the ecosystem with huge data storage space on its platform. It permits the users to store data and backup the same data on one place and also allows them to access the file from any place and at any time.

Ubbey box is definitely the answer to offline storage and cloud storage. It is actually the first storage that provides solutions to both online and offline storage challenges. It provides users with a huge space of storage ranging from 1TB to 2TB options available in its initial version.

Key Highlights of the Ubbey ecosystem: An indication of a successful project

Embracing Blockchain technology
The breakthrough of bitcoin has raised public awareness of the value of blockchain technology. Blockchain is actually a new idea that enables systems to be properly guarded and transparent at the same time. The Ubbey box integrates blockchain technology in their system and these helps secure the files of their clients and sustain privacy of these files. The blockchain technology makes it possible for Ubbey box to store the data safely and in a secure manner. Only the user is given permission to access his/her contents and the data generated by the users is kept confidential by the Ubbey network team.
No downtime

With decentralization, a situation can be generated whereby the Ubbey Box is ever running. These situation allows users to retrieve data and information from anywhere and at any time. As long as a minimum number of nodes is active in the network, the participants of the network shall receive services at all times without any problems. • Only by pressing a key, Users can retrieve their data at any time and from any place in the world and this saves users their time when it comes to accessing their files.
Data Security
As long as data and information has been uploaded into the Ubbey Network platform, it is stored with top security in the Ubbey Box Network. These data and information will stay in there for many years without the owners worrying about forgery or alteration. This is also supported by Blockchain’s technology.
Cloud data storage at Best Affordable rates

The Universal Lab’s decentralized global cloud storage network charge cheap affordable prices for participants to store data in their ecosystem. This feature alone saves the users an estimated 90% of storage cost compared to other options including Dropbox and Amazon Web services.
Users Earn additional income for sharing their storage – When the users share their storage space with the Network they in turn earn YOU tokens, which is a cryptocurrency that can be used to compensate for services within the network or cashed out for real world dollars.

Token information

The Ubbey token is known as You tokens. These tokens have several uses which include:

Purchasing storage space in the Ubbey network and vice versa: receiveing reward for sharing storage space in the network.
Used as a medium to facilitate sharing of digital assets.
Used as a medium to access Ubbey network in order to use its services in the development of decentralized applications supported in the platform.
One will also need to use You tokens to create and execute smart contacts in Ubbey platform.

The company intends to release a total of 10,000,000,000 YOU coins into the public. The following is the distribution of the tokens:

40% to be sold during the private and public crowd sale
Another 40% to be for core foundation and team members
The remaining 20% to be used to facilitate mining-related activities.

Presale took place in June and Public sale is still ongoing.

Conclusion

By coming up with a product that will solve people's vast storage needs and offer something more than just storage, Ubbey network has set itself up for huge success. Having a product out already inform of Ubbey box (can be pre odered here http://ulabs.technology/pre-order) gives it more credibility as the public can experiment on it live. The network and platform also has a team of experts and developers leading the team and experinenced team of advisors too.