esella: UÐAP - Company Overview

Hello community, in this article I will present an interesting ICO analysis, called, UDAP based on the following criteria:

https://www.udap.io
UDAP is a blockchain-based system between applications and public block chains to provide Restful APIs and Asset Wallet for application developers to create powerful blockchain-based applications without writing any intelligent contracts.

UDAP provides a set of smart contract templates (originally based on Ethereum) that are customized by applications before deployment and at run time. The team believes that the automatic template system can cover 90% of the usual use cases of applications.

The system is a specification and regulatory guidance for the exchange and transfer of information between and within systems. The UDAP system governs how assets are presented, stored, transmitted, and interact, how the authenticity of assets is verified and how consensus is achieved. The diagram above shows how the application is integrated with Ethereum via UDAP.

ERP systems have created their own asset models based on centralized storage and computing. An asset model is an abstraction of assets created by their issuers, which determines how systems manage the attributes, operations, and security of assets. Unlike traditional ERPs, the UDAP asset model focuses on network standardization based on interoperability, security, privacy, and asset authenticity.

The UDAP system will allow enterprises to quickly create decentralized blockchain markets for a shared economy. Buyers and sellers of decentralized airbnb or uber, such as car sharing or rental housing, can implement a decentralized and open platform without traditional intermediaries. All object exchange rules are transparent to customers. The decentralized arbitration mechanism fairly resolves disputes and develops a network of intermediaries using incentives. In some scenarios, mistakes can become assets. When buyers have to cancel orders for some reason, they may face fines now, however, with UDAP, buyers can resell their tokens in the market to reduce losses.

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