About UDAP
UDAP is a blockchain-based asset protocol that sits between applications and public blockchains to provide Restful APIs and an "Asset Wallet" for application developers to create powerful blockchain-based applications without writing any smart contracts.
Asset Protocol
UDAP's asset protocol regulates how asset is presented, stored, communicated and interacted on the blockchain, how the authenticity of assets is verified, and how consensus is reached.
In the middle of the diagram is the UDAP layer, which offers asset model implemented in pre-built contracts. On top of that it offers token service and state channels for managing application assets efficiently and securely at low cost. We start with the asset account model. We present two lines of asset models, based on ERC721 and UDAP Singular respectively.
UDAP goals
- Develop an asset protocol through understanding the "assets" in our world from a blockchain perspective, and create the abstraction of the general behaviors of assets.
- Provide a reference implementation of the UDAP protocol, on top of Ethereum initially.
- Implement a Universal Asset Wallet(UAW) for end-users.
- Build a global C2C marketplace to enable asset trading and exchange without intermediaries.
- Engage cloud service partners to offer Asset Blockchain as a Service (ABAAS).
- Support business to transform to the token economy as a technology enabler.
UDAP middle ware's features
easy: Valuable decentralized features that do not require heavy investment in blockchain technologies. Also, an added benefit to application developers is that a deep understanding of blockchain and decentralization technologies is not required.
cheap: UDAP implements State Channel technology providing high scalability, low cost, privacy protection, and immediate responsiveness.
convenient: Application Wallet with in-app currency and Smart Contracts that provide asset life cycle management, trading (including some common trading models like buy and sell, rental, auction, pledge, etc.) and search capability.
UDAP team
For more information:
Website https://www.udap.io/
Telegram Group https://t.me/udapcommunity
ANN Thread https://bitcointalk.org/index.php?topic=5069084
Bounty Program https://bitcointalk.org/index.php?topic=5071808.0