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Unibright

Unibright is the first platform for fast and easy integration of blockchain based solutions to business and ERP systems. The central part of the Unibright ecosystem is the Unibright Contract Interface (UCI) that connects all parts of the Unibright framework. It consists of Workflow Designer, Lifecycle Manager, Explorer and Connector for Ethereum and SAP.

Rating: 3.8

Official contacts
Location: N/A
Web-resources:   Whitepaper Website
Social networks: N/A
Product source tracking: N/A
Details Description Risks Full analysis Team

Detailed review

Stage of product development
All the components needed for the complete business integration lifecycle have been presented and are available for usage in the Ethereum blockchain. In the medium term project aim to support other blockchain technologies besides Ethereum, like Stratis, NEO, Hyperledger Fabric etc. The next steps are quality assurance of the existing components, creating templates for use cases requested and identified, developing new smart adapters and establishing a marketplace for third-party developers to offer tools for the Unibright conformant smart contracts


Token description
ICO date
20.04.2018 - 10.05.2018
Token price
First quarter of tokens (25,125 Mio UBT): 10% bonus
Second quarter of tokens (25,125 Mio UBT): 5% bonus
Remainder of the tokens (50,25 Mio UBT minus bonus tokens): 0% bonus
Platform
N/A
Blockchain
Etherium, ERC20 tokens
Token distribution date
N/A
Consensus method
Proof-of-work
Escrow
N/A
ICO currencies
USD , EUR , ETH , BTC
Bounty camping
Every token sale participant receives a unique referral link. When sharing that link with other users, the participant automatically gets a 5% bonus transferred into his wallet from newly bought tokens using that referral link.
Markets
N/A
Token functions
Utility tokens. Unibright Token is the only payment option to register Unibright conformant smart contracts. It is the only way of payment for project’s additional services, for example using the smart adapters to integrate existing ERP-System to the blockchain. A marketplace for add-ons that rely on the Unibright Contract Interface enables third-party developers to enhance the Unibright universe. Business specific templates or system specific smart adapters can be traded.
Tokens distribution
The public token sale (67.0%)
Seed investors (9.0%)
Team (locked up for 12 months) (6.0%)
Cold storage liquidity reserve (12.0%)
Legal / token sale expenses (6.0%)
Risks
MARKET

Uncertain regulatory status and a common set of standards might hinder the overall growth of the market.

PRODUCT

It is impossible to try beta-versions of the product, as a result, it is impossible to verify development status.

BUSINESS MODEL

Risks and uncertainties were not identified.

FINANCES

Financial model is not prepared, as a result, it is impossible to estimate future profits.

TEAM

Risks and uncertainties were not identified.

Full analysis
Market

The main product of this project is focused on the integration of blockchain-based solutions to current ERP systems. The worldwide application integration and middleware (AIM) software market continues to grow faster than the overall infrastructure software market at rate 7% annually, with revenue on pace to surpass $27 billion in 2017, without the upcoming demands in terms of blockchain based business integration. The global blockchain market size is expected to grow from USD 411.5 million in 2017 to USD 7,683.7 million by 2022, at a Compound Annual Growth Rate (CAGR) of 79.6%. Blockchain-as-a-Service could be key drivers for the growth of this market. As a result, they could accumulate significant share of profits in this market.

Product

The Unibright have a full framework for blockchain based business integration. The central part of the Unibright ecosystem is the Unibright Contract Interface (UCI) that connects all parts of the Unibright framework. It consists of Workflow Designer, Lifecycle Manager, Explorer and Connector for Ethereum and SAP. All the components needed for the complete business integration lifecycle have been presented and are available for usage in the Ethereum blockchain. The Unibright Connector enables ERP-Systems, third-party legacy systems and custom build software to be part of the Unibright framework. In the medium term, we aim to support other blockchain technologies besides Ethereum, like Stratis, NEO, Hyperledger Fabric, etc. The project is going to establish a marketplace for third-party developers to offer tools for Unibright conformant smart contracts. In Q2 2018 beta version of Unibright connector to .NET and JAVA have to be developed. Complete production readiness would be in 2019.

Business model

The best way to explain the model of the project is Blockchain-as-a-Service platform. It is the first provider for a complete and unified framework for blockchain based business integration. The central part of the Unibright ecosystem is the Unibright Contract Interface (UCI) that connects all parts of the Unibright framework. Unibright Token is the only payment option to register Unibright conformant smart contracts. It is the only way of payment for project’s additional services, for example using the smart adapters to integrate existing ERP-System to the blockchain. A marketplace for add-ons that rely on the Unibright Contract Interface enables third-party developers to enhance the Unibright universe. Business specific templates or system specific smart adapters can be traded. Connecting business partners agreeing on the UCI via blockchain-technology and integrating their IT- and ERP-systems with respect to their business case specific needs. As a result, the project would create an ecosystem for blockchain business integration. Tokens would be a crucial part of this system and would be fuel for the future growth of the platform.

Finances

The project has clear and realistic goals for funding, which start from 2,200,000 USD up to 13,542,375 USD. In VC it equal to round A financing. Usually, project already has the first version of the final product at that stage and attract money for market expansion and further development of the project. However, for ICO market this valuation is fair. Moreover, the project has ICO agent, it will be managed by Ambisafe Financial. Also, the project has clear distribution of funds: at least 50% for platform development, up to 20% Template Generation for Business Use-Cases, 15% for PR and marketing, 15% setting up partnerships in the industry, bootstrapping pilot customers. However, the financial model for further years is not prepared, as a result, it is not possible to estimate profits from the project.

Team

The project is in fact almost subsidiary company of the SPO Consulting GmbH. The company is providing SAP related software solutions for top players like Lufthansa, Samsung, Siemens and many more. It was founded in 1989. For founders team, business integration is the vital part of their daily work for more than 15 years. For our customers, we have been projecting and developing tailor-made solutions beginning in the pre-internet era up to current cloud architectures. Now, it has been more than 2 years working on unibright.io digging deep into the blockchain world and establishing a framework for blockchain based business integration. As a result, Unibright has fast and direct access to the agile team of developers and consultants working for and with SPO Consulting GmbH. Senior consultants, software architects and software developers with detailed know-how in specific domains from SAP over Java and .NET to HTML5 and JS Technology. Marten Jung, CEO, has the Master of Computer Science Degree. He has 20+ years of experience in business modeling and software engineering. Stefan Schmidt, CTO of the project, has the Master of Computer Science Degree. Also, he has 20 years of experience in business modeling and software architecture. Interdisciplinary acting cross-media specialist. Expert level know-how on designing and creating full stack business applications and leading agile software teams. Ingo Sterzinger, Lead Engineer Frontend, is full stack developer with 15+ years of experience in web application development. Other team members also have experience in their field. Moreover, the project has a strong advisory board. All in all, we truly believe, that this team could overcome all challenges and build the strong market leader.

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