Unification Review: Standardized and Scalable 2nd Layer Data Protocol

Greetings to you, dear readers. I am always glad to share with you the most promising ideas and start-ups from the world of crypto-currencies. They are created in order to facilitate our life with you and to change the world in the future.

unification-header

Introduction

“The future is in the chain; blockchain technology that prevents everyone from cheating!”

This concept is especially true in digital advertising. If you don’t have your targeting laser-focused, you’re going to bleed money by advertising to people who just don’t care. It won’t matter how witty your ad copy is, how gorgeous your video is, how awesome your images are, or how perfect your landing page is.

It is no longer doubt that Blockchain is presently the most revolutionary technologies that are emerging in the field of information technology, that help to connect data (blocks)chronologically so as to be able to form an inalterable and traceable records of transactions through the process of maintaining a shared ledger in a network on multiple nodes. Blockchaintechnologypossessa core value which lies in the establishment of a secure and inalterable distributed ledger system.

According to the technical assurance of cryptography, peer-to-peer network communication, distributed consensus protocol, smart contracts and other technologies,it gives room for multiple participants to make use of the blockchain ledger system as a basis for trust for multiple-party transactions, that help to get rid of the need for any additional trusted third parties which allows for low cost and low delay information exchange and transaction processing as well as efficient circulation of digital value.

This concept is especially true in digital advertising. If you don’t have your targeting laser-focused, you’re going to bleed money by advertising to people who just don’t care. It won’t matter how witty your ad copy is, how gorgeous your video is, how awesome your images are, or how perfect your landing page is.

What Is Unification?

Unification is a new cryptocurrency company that offers a third generation EOS-based infrastructure protocol that can be used to unify and standardize data from B2B and C2B exchanges.

The Unification Project aims to create standardized data storage and data transfer protocol. This protocol supports various data types, safe, fast, and scalable. The Unification’s blockchain will store the important data state (hashes metadata). Meanwhile, the actual data is encrypted and stored in a secure data center. Since this is a project review, I’m not going to write too much about the protocol. However, I still want to give you a short overview of its architecture, as follows:

  • HAIKU client-server: software to facilitate data transfer via Software Development Kits (SDKs) called CAPSULE that incorporated in both client and server.
  • Smart contracts: this project interact with multiple smart contracts, i.e., UApp (header and access control) contract, token contract, and MOTHER contract (acts as the central information and validation repository).
  • Blockchain: to store the hashes metadata, meanwhile the actual data is stored off-chain.
  • BABEL app: a front-end application to interact with the system. Blockchain users usually see this as a wallet.

Bear in mind that this is only the top-level view on the Unification architecture. The actual details are present on the whitepaper. Then, for the next section, we will talk about the unique properties of this project.

Blockchain Agnostic

This project is a blockchain-agnostic project. So what does that mean? It means that the Unification Project will not reinvent the wheel by creating its own blockchain. The protocol can use any good blockchain, such as EOS, Ethereum, Cardano, etc. 90% of the code was developed off-blockchain, and only 10% is on-blockchain. At the moment the project is built for EOS, but it can be deployed for other blockchains as well, depending on the situation.

The United Network Distribution (UND) token

I like the tokenomics concept of the UND token since it encourages users to exchange valuable data. I agree that not all data are valuable. However, for data that are valuable, the reward mechanism must be present. In Unification’s ecosystem, both data provider and data consumer will get compensation if their data then used by another party (of course with the consent of the data provider). This kind of solution will surely enliven this ecosystem.

unification-diagram

Real Whitepaper

It has been a while since I first read Bitcoin whitepaper. Honestly, I quite shocked that this unknown project will create a proper whitepaper, not a bullshit whitepaper. The Unification’s whitepaper was thoroughly explaining its concept without throwing common jargons in the blockchain community. If you are expecting to read a promise on profit or a vision that too good to be true, this whitepaper is not for you.

The Team Really Understands

To understand their concept, I have to go through several presentations published by Neyma Jahan and webinar by Paul Hodgson. They explain both the protocol’s concept and technical details without a problem. Surely, they know what they are talking about in detail. Thus, I believe that this project can be realized, this is because the team is led by educated and competent leaders.

neyma-jahan-unification

Conclusion

Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries. They establish and verify identities and chronicle events. They govern interactions among nations, organizations, communities, and individuals. They guide managerial and social action. And yet these critical tools and the bureaucracies formed to manage them have not kept up with the economy’s digital transformation. They’re like a rush-hour gridlock trapping a Formula 1 race car. In a digital world, the way we regulate and maintain administrative control has to change. Blockchain promises to solve this problem. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically.

As the name implies, big data is the future of decision support system that desperately needs standard data protocol. The protocol and its infrastructure must be capable of storing (and querying) continuous data seamlessly between the huge storage and the apps. Thus, I think this project is a legit solution to this problem.

Disclaimer: I am neither a blockchain programmer nor an investment consultant. I neither advise nor responsible for the profits or losses of this ICO investment. This article is only information, not investment advice.

WEBSITE:https://unification.com/foundation/

WHITEPAPER:http://go.unification.com/whitepaper

VISION PAPER:http://go.unification.com/visionpaper

TWITTER:https://twitter.com/UnificationUND

TELEGRAM:https://t.me/UnificationFoundation

MEDIUM:https://medium.com/unificationfoundation

Author
Author: walesodiya
Medium: https://medium.com/@walesodiya
Email: walesodiya@gmail.com
LinkedIn: https://www.linkedin.com/in/wale-sodiya-4595a1164
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2160355
Eth Address: 0xd5138067078B32BA7800b399bC77C49deaA3f2f5

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