Unibright, a company based in Germany, has been quietly working on bringing the power of Blockchain to companies such as Microsoft, Accenture and many others. Currently, it is the leading blockchain project in a new blockchain niche called Enterprise DeFi. The Baseline protocol is the technology behind the success of Unibright.
In this article, we shall explore this Unibright IT GmbH and the massive potential that it holds to change the way traditional companies view and use the blockchain
The Baseline Protocol
The Baseline Protocol is the cog behind the wheel that is Unibright. Companies work together on a daily basis and some of them are in stiff competition against each other. While using blockchain may save companies costs and make operations efficient, it leaves their data public. This is not something any company wants.
Therefore, the baseline protocol allows companies to collaborate without leaving any sensitive data on the blockchain.
Due to the high cost of using Ethereum, the team launched the Baseledger blockchain with support from Consensys, the company behind the famous Web3 wallet, Metamask. The baseledger network is an EVM-compatible layer 2 proof-of-stake blockchain designed to help smoothen the process of Baselining companies. The Baseledger blockchain is powered by UBT, the native token of the Unibright ecosystem.
Why Unibright is Unique
Unibright offers a host of tools and solutions that help businesses migrate smoothly and integrate blockchain technology into their processes. The products and services they offer include business and blockchain consultation, blockchain integration, DeFi and tokenizing real-world assets, and finally Baselining the business process of any company using the baseline protocol.
Unibright Ventures, an investment branch of the company, partnered with AI Music on April 1, 2022, to announce the “Metalverse”. The “Metalverse” is a combination of AI-generated metal/rock music and NFTs. Unibright Ventures also partnered with Consensys on their TreeTrunk NFTs to revolutionize the NFT model.
Unibright has partnered with some big names in both blockchain and traditional finance. They include SAP, Microsoft, Lufthansa, AnyBlock Analytics CONA Services LLC, and Coinbase Custody, among others. They are also active members of the Enterprise Ethereum Alliance (EEA) and INAtBA.
Unibright just finished baselining Microsoft Excel on June 1, 2022
UBT Tokenomics and Price
Unibright has a total supply of 150,000,000 UBT tokens, all of which are in circulation. This means there is no risk of dilution in the future. UBT is currently trading a $0.18 on the market a hefty fall from the all-time high price of $4.22 in September 2021. Nevertheless, UBT is currently up over 2000% from its all-time low price of $0.007 registered over 2 years ago. Due to lack of dilution, the price of UBT is mostly non-volatile, except in cases where the entire market is crashing. The largest UBT exchange by volume and spread is Uniswap.
Vincent Munene is a freelance writer and a great blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return, he likes to educate people and keep them up to date on everything blockchain. He is a Biochemist by profession and also loves to play the piano.