Press Release



As we know, storage infrastructure has transformed to generally being very centralized. Rather than businesses and corporations hosting their own servers, many have migrated to the cloud. This turn toward centralization lets companies push workloads to larger, public clouds in order to utilize the storage infrastructure of large companies, like Amazon Web Services or Microsoft Azure.

Because of the centralization currently inherent in cloud computing, resources could be shared and the end customer could have much lower costs and higher efficiency and uptime. With this, cloud computing has massively grown, with Gartner claiming that the “cloud shift” will affect more than $1 trillion in IT spending by 2020.

What is Universal Labs?

Since its inception nearly 10 years ago, cloud storage has given about 1 million users a functional model that helps them access, store, and share data across the internet.

Universal Labs ICOIf we look more intently, we’ll notice that cloud storage services let customers store their data in a different point of generation and allows remote access between a multitude of different devices. In an industry perspective, we’ve noticed that cloud technology has gained an exponential growth in the past ten years. Users can store their data in public or private cloud storage services.

Universal Labs created a new blockchain platform called Ubbey. It uses a native OWP protocol which is used to enable peer-to-peer transactions. In addition to creating asset transfers between the network participants, Ubbey helps users transfer their alt currency holdings and physical assets such as cars, real estate, and other luxury products.


Here are some important aspects that Universal Labs uses for their project:

Development Environment: Universal Labs has an open source network that can be used to create dApps within its platform. The application will use the OWP protocol and will have the ability to connect real-world assets with virtual data.

Digital Data Ownership: Blockchain enthusiasts know the difficulties of deciding ownership when using assets and digital platforms. But, through internal algorithmic modules, Ubbey helps streamline the exchange process, which makes complex transactions simple for all parties involved.

Hardware: Ulabs provides a cloud-computing app called the Ubbey Box. This device is used as a storage medium for individuals and large-scale enterprises. In fact, it provides the following things for users:

  • Large storage space.
  • Ability to store or backup files that can be remotely accessed.
  • Connect company servers with outside devices such as gaming consoles, smart TVs, and media players.



Designed for family or personal users, the Ubbey Box is your own personal cloud storage where you can access from anywhere with lightning-fast performance and unparalleled convenience.



More importantly, the Ubbey Box acts as a full node (or connection point) for the Ubbey Network. Owning a Ubbey Box means you are part of the Ubbey Network.



The Ubbey Box is also used to mine for YOU Coins by connecting the storage space around you to the network as well as using its own storage space!




Token Symbol: YOU
Type: Utility-token
Token Standard: ERC-20
Token price in ETH: 1 Token = 0.000010 ETH
Total Tokens: 10,000,000,000YOU
Total to be sold: 4,000,000,000 YOU
Tokensale Date(UTC): 2018-06-01 11:00:00 – 2018-06-21 11:00:00

  • Reliable: Based on the website, Ubbey’s network block creator uses nodes that have a Proof of Storage algorithm. This makes it easier for users to keep their data stored without having it accessed by third-party hackers or other unauthorized users.
  • Fast: Using the P2P model, owning physical and digital assets can be transferred from one IP to another one within seconds.
  • Transparency: Like most blockchain services, Universal Labs uses a decentralized network that’s powered by an Ownership Protocol and Ubbey Box. This results in transactions taking place in an accurate and transparent manner.

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Bounty0x profile: @pixmartz
ETH Address: 0xa38370065430E1c101A339f0c779D52685c754D7


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