Overview Udap - Blockchain application designer and smart contracts

February 11, 2019

The Udap project team plans to create a platform on which everyone can create application blockchains (DApps) and set up smart contracts. Everyone, because working on the Udap platform, users will not need any special knowledge, such as programming, building decentralized networks, working with the blockchain, and so on. Suffice it to be just an idea of how smart contracts work.

In this question, you can draw an analogy with the sites. Earlier, at the dawn of the Internet, you could only create websites manually — coded in a simple notepad, and you had to know many programming languages and markup, such as HTML, CSS, PHP and Java Script, and also know how to work with databases — and this was done only by specially trained programmers. Then various applications and systems began to appear that partially automated and simplified development — special development environments focused on creating websites, various libraries and frameworks — but still only webmasters and programmers could work with it. And now, absolutely anyone can create a website without writing a single line of code — various website designers and CMS, such as WIX, Word Press, Bitrix 24 - made the site building process as simple and straightforward as possible. The same situation is with smart contracts and blockchain - Udap is a kind of constructor in which you can create your applications, simply by turning on certain markers and setting certain functions.

This functionality, available on the Udap platform, will allow tokenize any startup and business that needs it. Owners of companies and enterprises will no longer need to hire professional blockchain developers, who, due to the high demand and high quality of their profession, throw up incredible price tags for creating DApps and smart contracts.

Tokenization allows you to automate many processes occurring in a company, such as accounting, document and asset circulation, collective voting and decision-making, and also make them safer and more open. A very convenient and useful tokenization with the Udap platform will be for industries such as trading digital goods (music, video, drains, games and game items), social networks and forums, selling various documents, certificates and tickets, various libraries, infobusiness, e-commerce and so on.

It should be understood that tokens created on the Udap platform can be not only cryptocurrency. You can token any documents, securities and assets. To create and manage these tokens, the Harvest Wallet application will be used, in which you can control the entire flow of assets and tokens, as well as manage their emissions. But you can also create your own payment systems based on crypto currencies in Udap.

For more simplification and clarity, the Udap team will also launch its own application store and contracts - Umedia. In this marketplace it will be possible to familiarize yourself with existing applications and learn different ideas and solutions for the tokenization of your business or startup.

The Udap project will initially work on the Ethereum blockchain, in order to simplify the start. But the creators intend in the future, with the growth of the client base, to switch to their own blockchain, which will be more scalable and higher speed than the blockchain Aether.