After the boom of the 2017/18 ICO’s, it is now getting to that time when projects are completing their initial roadmaps. What’s next? Having met all the milestones outlined in their first roadmap, Unibright has now released a second one. Their priority is now adoption of their framework, and in order to measure this, they have chosen to use the % of UBT Tokens that have been locked into the framework.
Unibright is focused on making Blockchain a reality for its enterprise clients by integrating it seamlessly with their existing systems. If you are not familiar with the project, then I would recommend the recent “Unibright Community Speaks” updates here on Altcoin Buzz. From a Cryptocurrency and Tokenomics point of view, they have a very interesting token model.
The Updated Roadmap
Unibright have updated their website and written a blog post outlining the reasoning behind why they are using the % of tokens locked inside the framework as their measure for hitting framework adoption milestones. Unibright have a rather unique token model, and it is worth reading their posts to fully understand how it works, but it is designed so that when a token is deposited to the framework it is locked there, and will not make its way back to the market. To put it simply, the more tokens locked, the more clients are using the framework. The circulating supply of UBT tokens is ~140 million, and the roadmap highlights three targets for lockups; 5-10% (~7-14 million UBT) by the end of 2019, 15-25% (~21-35 million UBT) by the end of 2020, and a massive 80% (~110 million UBT) by the end of 2024. The number of tokens currently locked can be tracked on the Unibright website.
What Unibright is doing right now
Unibright have also taken the release of their new roadmap as an opportunity to give a deeper insight into what they are currently up to. The blog post split what they are currently doing into three main sections; “Working on Clients”, “Development within the Unibright Framework” and “Networking, Marketing and Education”. “Working with clients” gives a few examples of who they are working with and the kind of businesses they are. “Development within the Unibright Framework” outlines what they are working on adding to the framework, with enabling cross-instance (connecting different templates) and cross-chain (integrating multiple protocols within one process) integration being the two biggest additions. “Networking, Marketing and Education” shares how they are currently gaining attention, such as giving lectures, webinars and joining Blockchain associations (such as INATBA). This section also mentions their CO2-compensation related side-project “Carbonara” that they are starting in order to highlight and promote the benefits of Blockchain technology.
@zuehlke_group together with and at our friends @UnibrightIO working on determining the CO2 and energy consumption of #blockchain transactions. The #carbonara hackathon continues today, yesterday’s results are promising. #climate #Sustainability pic.twitter.com/5WKuqBOKtZ
— Klaus Alfert (@innovation_code) March 15, 2019
What does this mean?
Unibright have now moved out of the testing phase, having successfully run pilots with several companies, such as Deutsch Bahn. They have also added Blockchain Consultancy to their business to assist with their adoption strategy, which has run several workshops with potential clients. The next step will be the successful conversion of workshop participants, as well as other business leads, into actual Framework users. The road map would indicate that we could be starting to see this soon.