![](https://cdn.steemitimages.com/DQmPtQw5U3JQe85QKoGzSZcUAS13dkxbxPMxjGd6WeuR1vn/image.png)

# Data theft, privacy invasion
The digital age has seen every aspect of our lives punctuated with devices not only at the workplace but also at a personal level. Devices facilitate multiple functions but most importantly they create digital lives for our real lives. Our digital personas are every bit part of us. Almost everyone who uses a smartphone today uses multi-billion dollar cloud services such as Dropbox and Google Drive to back up their most personal data, photos and videos. The vulnerability of our personal data online to hackers and malicious agents reveals that current cloud services are not as secure as they claim to be, and the issue might even run deeper, down to the construction of our current Internet. Service providers, and popular web apps are utilized to breach our private lives and commercialized behind our backs. Recent revelations of malpractices by Facebook and Google come to mind. Timely, the invention of blockchain technology has opened our eyes to the missteps of the Internet of Information.

# **Enter Ubbey Project**
![](https://cdn.steemitimages.com/DQmQboYokZ8mYrALLpD8czjiQqDU1BSzaPCWXDmA1V9n7N2/image.png)

*Project:* Ubbey 
*Founder:* Ulabs
*Ticker:* YOU
*Protocol:* native OWP protocol developed by Ulabs
*Total tokens:* 10, 000, 000, 000
*For token sale:* 4, 000, 000, 000
*Consensus algorithm:* Proof-of-Storage
*Hardcap:* 40, 000 ETH

The best cloud solution has to be
✅reliable in terms of security,
✅Very fast
✅No downtime
✅cost friendly and most importantly
✅the data has to be owned by you.

Through blockchain this can be achieved while returning the value back to the users. 


The vision of Ubbey Project is to create a P2P cloud storage network that is secure (data stored on blockchain) and offers lightning fast performance, for use by people in their day-to-day lives. Competitors are the usual suspects: *Google, Microsoft, Apple, Dropbox, Intel, Amazon* and many more. 

## Opportunity
Ubbey targets the end consumers and can derive demand by offering better alternative storage for photos, videos, gaming, school projects etc. 

The Ubbey box is a hardware device that is a core element of the Ubbey network, serving important roles: 
📌Firstly, YOU token mining (acting as a node) and
📌Enabling people to back up their data which they can later access even without the Ubbey box

Importantly, the first Ubbey box design prototype is out, and you can be able to purchase your Ubbey box today from the website [here](https://ulabs.tech ) at only $199 for the 1 TB! For the 2 TB, $250. The first shipments of the Ubbey box are due to begin for June this year. 

Uses of the YOU token:
📌Paying for dapps 
📌Sharing of digital assets
📌Paid to users who contribute their storage space to the Ubbey network
📌Used to purchase additional storage space
📌Creation and execution of smart contracts

And finally you can be able to exchange it for real world dollars

## Project team
The Ubbey project is an amazing project founded by Keda Che. The team comprises more than 10 core members, available from the website, together with an all-star roster of advisors. 

![](https://cdn.steemitimages.com/DQmf6bQLms9TCEBtwEtMdCaxV4i5bxTvXmkNNj34ymJAZAE/image.png)

## Partners
Some of the leading blockchain venture capitalists in the space have invested and collaborated in Ubbey project. 

![](https://cdn.steemitimages.com/DQmYWGYaetcKMEDpCH85egRSpuDqepG2RBZXG1CuaoTm5QE/image.png)

##  What is Ulabs? 
https://cdn-images-1.medium.com/max/1000/1*it804IEKB8apUa5A80Bgqg.png

Universal labs or Ulabs in short is a blockchain project comprising worldclass engineers and developers aiming for application of blockchain technology to bridge real and digital world. Universal Labs develops a new blockchain network called “Ubbey” and the “OWP protocol”, which enables peer-to-peer ownership exchange on the Ubbey network. The Ubbey box will be part of the Ubbey ecosystem.
Ulabs has just concluded its public and private sale successfully with investors such as Hofan Venture, Finbit Capital and Kepler Capital. More details on the sale to emerge. Ulabs has just completed raising about 19,000, 000 in its token sale.

For more information, please visit the following important links

You can watch Ubbey project featured on Fox news [here](https://vimeo.com/276576361)
*Twitter:*  @ulabstechnology 
*Telegram:* https://t.me/universallabs 
*Website:* https://ulabs.tech 
*Intro vid:* https://youtu.be/LAB1l-Cl0zQ