UNIVERSAL LABs: Data storage platform

Overview
Prior till now, the computer storage system has evolved from the past, ranging from the cloud storage to the floppy disk. This tremendous evolution is as a result of the need for storage space; that is more compatible and highly secure. The latest development being the cloud storage has shown gigantic results.
What is Cloud Storage?
A cloud storage system can be called a model of computer data storage or a computing cloud model in which data can be stored on remote servers, which can be accessed from the cloud or internet. In other words, cloud storage can also be called utility storage.
Cloud storage enables users to have the ability to securely save their data as well as accessing it from any source of the connected device.
Need for cloud storage has tremendously grown within sometimes now, therefore, giving birth to two types of cloud storage system;
a. Private cloud storage system: This involves the installation of local storage system where trusted devices can be connected, therefore ensuring the users of security and privacy.
In recent times, personal experiences and research have shown that there are issues which can limit the true value of this industry. For instance, in public type of data storage system, a study shown that these centralized systems are prone to eavesdropping by the government, cyber attacks, selling of users data, non-payment of bills which leads to the loss of data while the price increases as well as owing to the increase in storage requirements. On the other hand, personal or private data storage system has shown weakness in its implementation of the system.
These several challenges have clearly shown that the industry is tending to self-destruction, and thus in other to bring in an outstanding change craved; as well as utilizing the various benefits associated with these types of data storage system has led some group of experts into developing a platform known as the “UNIVERSAL LABS or UBBEY NETWORK.”
b. Public cloud storage system: This involves data storage system being provided by a centralized platform like Drop box, Google Drive and so on, by ensuring low monthly bills.

What is Universal Lab?
UNIVERSAL LABS (Ulab) is simply the solution to the challenges faced by the providers of private and public data storage services.
Ulab is a decentralized cloud storage based network which gives users control of their files at the same ensuring the following list below;
• To provide personal ownership
• To provide the low price of services
• To provide high-level privacy
• To provide Optimum security

Features
Ulab is a blockchain storage based network built on the principle of blockchain technology and powered by the following:
a. The Ownership Protocol: It is also called “OWT protocol.” Here, Ulab ensures the ownership exchange of digital assets in a peer-to-peer manner on the platform.

b. Ubbey Box

c. The Blockchain technology is significant to Ulab owing to its excellent features such as;

a. A Smart contracts: This enables all the real-time transactions to be carried out efficiently with zero rates of failure,
b. A Time-stamping: It allows that all initiated real-time sales are accurately tracked, and with the blockchain technology, Ulab system has 100% rate.
c. The Decentralized database: This will enable the optimum security of users data and as well as giving users power over their data,

Advantages

• It is easy to use
• It posses environment and advancement
• There is computerized Data Ownership
• It has the high-security system
• Very forward Straightforwardness
• It is quick
Benefits
Ulabs is going forward to seek clients with a distributed computing item called the Ubbey Box. This hardware gadget can be utilized as an individual distributed storage medium for people and vast scale in undertakings. To be more particular, we can see that it gives clients:
• You have a lot of storage space.
• A great choice to store records which would then be able to be gotten to remotely.
• A cage capacity to associate with organization servers from your gadgets, for example, media players,
Token information
The ulab token also known as U, it’s an ERC20 utility token which was built on the Ethereum-based blockchain platform having a total supply of estimate 10,000,000,000. YOU is the currency of the platform and is used for;
a. The usage of Decentralized Applications (DApps) built within the Ulab space,
b. Purchasing the data storage,
c. Converting into other cryptocurrencies like Ethereum etc.,

Conclusion
Ulab aims to be the future of cloud storage with the help of the popular blockchain technology network. It is the solution to the challenges faced by the providers of private and public data storage services. It posses the environment and advancement for growth while ensuring high-level privacy for its users on the platform.

Token sale information
TOKEN SALE: 6 JUL – 9 JUL
Ticker: YOU
Token type: ERC20
ICO Token Price: 1 YOU = 0.0095 USD Fundraising Goal: 18,900,000 USD (40,000 ETH) Total Tokens: 10,000,000,000
Available for Token Sale: 40%

Roadmap

Team Behind Universal labs Project

Advisors

For more information on this project, please visit

Official website: https://ulabs.tech
Whitepaper: http://ulabs.tech/images/Universal-Labs-WhitePaper.pdf
Telegram: https://t.me/universallabs
Twitter: https://twitter.com/ulabstechnology
Medium: https://medium.com/universal-labs