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Cloud storage is a simple and scalable cloud computing model where data is stored, accessed and shared remotely over the internet. Cloud storage allows users to safely store data separately from the point of generation, while also facilitating the access to it from any connected device. 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 drawbacks of personal clouds up until now, however, where related to the difficulty of setting up the system and the risks of lost data due to device failure. Universal Labs aims to harness all of the benefits of personal clouds without any of the drawbacks through a very simple and effective solution: Blockchain technology.
Universal Labs introduces a new blockchain network called “Ubbey” and the “OWP protocol”, which enables peer-to-peer ownership exchange on the Ubbey network.
The OWP protocol is not only designed for the exchange of ownership of digital assets such as data, images and tokens, but also for the ownership exchange of physical assets such as land, cars and luxury products. DApps built on top of the OWP protocol can connect the virtual world with the real world, allowing ownership to be transferred between the two worlds.
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Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Market Competitive environment:
There are both large centralized players (DropBox, Google Drive, iCloud, Intel, Cisco, Amazon) and projects with blockchain:
Filecoin - $257 M is raised, capitalization is n/d, ROI USD - 1.21x
Holo - during ICO $20.4 M is raised, capitalization is $55.7 M, ROI USD - 2.79x
Dadi - $29 M is raised, capitalization is $9.8 M, ROI USD - 0.25x
Storj - $30 M is raised, capitalization is $66.3 M, ROI USD - 0.98x
The project advantages:
Store Files At The Best Rates. With decentralised global cloud storage network, enjoy highly affordable prices when you store your files in the network - saving up to 90% of storage cost compared to options including Dropbox and Amazon Web Services.
Earn Money For Sharing Your Storage. Share your storage space with the network and earn YOU Coins, our cryptocurrency that can be used to pay for services within the network or cashed out for real-world dollars.
100% File Privacy. Unlike the public cloud, no information about you is collected. Your files are encrypted and distributed across our decentralised network. Only you have access to your data and files.
No Downtime. With just a stroke of a key, retrieve your data at any time and from anywhere in the world giving you unrivalled up-time when it comes to accessing your files.
SOCIAL ACTIVITY
The project popularity in the social networks and discussion forums:
Telegram: 27.9k members, user activity is high
Facebook: 115 followers, average number of likes per post is 7, average number of sharing ings per post is 8.
Twitter: 4.1k readers, average number of likes on one tweet is 138, average number of retweets per post is 17
Medium: 54 followers, post commenting activity is very low
Reddit: 2.3k followers, average number of comments per post is 1
Bitcointalk Forum: no data
Positives
Reliable: Based on the website, Ubbey’s network block creator uses nodes that have a Proof of Storage algorithm. This makes it easier for users to keep their data stored without having it accessed by third-party hackers or other unauthorized users.
Fast: Using the P2P model, owning physical and digital assets can be transferred from one IP to another one within seconds.
Transparency: Like most blockchain services, Universal Labs uses a decentralized network that’s powered by an Ownership Protocol and Ubbey Box. This results in transactions taking place in an accurate and transparent manner.
Negatives
Lack of Working Product: We want to see Universal Labs create a working product of this project to increase its credibility across other platforms.
Security Concerns: How will Universal Labs protect their cloud storage network in the event that their data is lost?
The Universal Labs team has created an interesting product that corresponds to the concept of “working” things. In addition to direct use (data storage), Ubbey Box allows its owner to earn money for leasing surplus space.
Strong points of the project include a competent team of authors and advisors, a serious technological content, an existing MVP, open source code, and the simplicity of the product format of “a single button” – turn it on and it works.
We do not often see Whitepapers worked with such depth and thoroughness. A huge amount of work has been done, which inspires deep respect.
In his interview, Keda Che calls Ubbey the killer of Dropbox and other popular providers. Sounds really ambitious! But we have to disagree with Keda. These are different consumers with completely different motives. In our opinion, Ubbey Box is an excellent business niche for those who understand their point. In any case, we wish the guys success and a successful ICO!
