UbiNET Inc. has decided to offer the ThingCoin as a SAFT (simple agreement for future tokens) Token as such we are expecting the early release of 10,000,000 tokens to be focused on gamification while 70,000,000 will be released according to the following schedule.
UbiNET release will consist of six tranches;
- 10,000,000 tokens to advisors and friends – in progress
- 25,000,000 tokens to crowdfunding (TBC)
- 5,000,000 tokens to partners and affiliates
- 35,000,000 tokens to crypto exchanges (TBC)
- 5,000,000 tokens to charities and organisations
- 20,000,000 held by UbiNET Inc.
The white paper to support the release on the ThingCoin onto crypto exchanges or crowdfunding (TBC) is in progress and will be available on this website.
What we really want to do is take people on the journey with us, everyone becoming identifiable should not be scary it should be liberating. The balance of Fear or Freedom comes in the intention and design of the technology system and who decides what is reasonable to share. The UbiNET data system is designed to protect the rights of people, their homes, their communities and to make everyone accountable for their actions whether they are in the system or not. Carl Smith, Founder and CEO of UbiNET Inc.
After trying several routes to getting funding UbiNET Inc. has decided to release the #ThingCoin to enthusiasts of the #IoT and its future state #IoT3.
Due to some technical scaling issues that are not resolved #UbiNET is still targeted for 2030. Karl Smith, CEO UbiNET Inc.
We will list purchase locations soon.
UbiNET Inc is an IoT 3 Smartliving Platform company that links organic and inorganic items on a planet wide unique identity system, it uses proprietary technologies including a twin AI blockchain and is operated in accordance with the secondary handshake Open Network Ecosystem Protocol ONEP.
The UbiNET platform has many use cases one is the removal of all counterfeit products through the full lifecycle management of everything from Creation to Recycling.
Open Network Ecosystem Protocol “covers the use of a secondary handshake through the central registration of all items. This registration is both distributed and localized and cannot be edited (existing in real-time) but can be added to, to establish the current; status, location and identification of any item. This is an extension of the current network paradigms on two fronts one to confirm identity of all network items and two to move this identification beyond technology based items into remote data about all items that are in the creation to recycling lifecycle” excerpt from patent.
The platform has a number of components;
- Operational definition described in the Open Network Ecosystem Protocol ONEP, which defines the lightweight data architecture used and its ability to absorb existing Closed IoT 1 and IoT 2 systems data (see descriptions here). ONEP also includes the operational characteristics for each network;
- Personal area network (PAN)
- Local area network (LAN)
- Metropolitan area network (MAN)
- Wide area network (WAN)
- Twin private Blockchain balanced and verified through AI, that monitors individual users daily mutating identity key for ‘is present’ and ‘is not present’ transactions.
- Embedded micro sensor technology that uses ambient power so that everything organic and inorganic can have a sensor.
In the last six years we have been able to take the concepts from the self building data architecture and transaction history of BitCoin in Blockchain and create our own Blockchain called Ubi.
Ubi is a next generation blockchain that firstly does not use existing codebases associated with blockchain. Ubi is based on Object Oriented Programming that ultimately lends itself to micro services and an API marketplace where companies will be able to engage with Ubi but not through its source code.
There are still a number of limiting factors which are dramatically impacting the ability of UbiNET to be launched;
- 5G was expected to have a near unlimited number of connections through the use of MIMO (multiple input, multiple output), unfortunately limits of one hundred billion have been discussed at the 5G Forum at the Mobile World Congress in Barcelona in 2017. This would dramatically limit the use of the system to just 100,000 participants.
- There are problems in scaling the blockchain, even by using virtualisation technologies like cloud computing and the light weight nature on ONEP latency could be an issue. due to the vast volumes of transactions and related data calls. Even in cloud computing there are servers and they need to be located somewhere to build a planet wide server system we have investigated on land, undersea and space based farms and don’t have a solution. The use of third party vendors has been ruled out do to access to the source code.
Given no immediate resolution to these impediments our rollout date for UbiNET of 2022 is being put back to 2030.
As ThingCoin is directly related to the value proposition of UbiNET it also won’t be released until there is a clear value to investors.
Getting the UbiNET Inc. brand going has had a very low priority till now, over the next few months we will be focusing on a number of activities to establish brand identity and brand equity #brandequity #UbiNET #blockchain #IoT #IoT3 #ThingCoin #cryptocurrency #crypto
#ThingCoin is the #microsensor #uniqueid link data of everything registered on the UbiNET platform. If you want to find out more contact us.
UbiNET Inc. has recently opened it’s start up office in St Petersburg, Florida. The company expects to launch it’s first funding round in 2018 as the technology to deliver the UbiNET.
“We choose Florida because of the rich source of engineers with data-mart and secure networking experience from defence IoT, aerospace, space exploration and financial services” CEO Karl Smith
UbiNET Inc. is a diverse company with it’s Innovation and Strategy coming from Scotland and it’s Creative Direction from London and as it evolves it’s engineering backbone will be based in Florida.
“Florida has the best network engineers on the planet” CEO Karl Smith
One of the essential requirements for the IoT is integrated and distributed networks, until recently the only way possible to deliver this was either in cities with their high fidelity infrastructure or on a peer-to-peer mobile network using 4G. With the inception of recycled infrastructure by companies like Huawei and the deployment on 5G in 2020 cities cease to afford the benefits required to absorb the huge costs of their use.
The prediction of #Smart #Business is #Smarter not locating to a #SmartCity in 2016 by UbiNET CEO Karl Smith make the clear case of;
Why do we need cities?
They create centralization of people and resources however they also drive costs as often space is insufficient for demand. There is a huge dependency on the need for workspace, shops and local living accommodation.
Lets not buildSmart Cities, lets Live Smart instead
In a #SmartEconomy with people engaged in #SmartLiving people rely on digital communications not face to face engagements. Unless direct physical contact with another person is required for your job you don’t need to be physically present. Most work can be distributed to multiple locations across the planet. Even specialist surgeons can now work remotely and have been doing so for some time, even surgery can now be done through a physical / virtual interface.
The cost of creating Smart Cities is huge and relates to infrastructure for jobs and services that won’t be required in the mid term, they will not make a profit and may even not cover their cost of creation and installation.
The Smart solution is a distributed model not a centralized one
Creating these types of services takes a huge investment and without the confirmation of a captive customer base, it should be interesting to see how capital can be raised and who will take this risk.
As part of the platform development process for #SmartLiving UbiNET Inc. has launched two cryptocurrencies the ThingCoin and UbiNET Token. The two currencies work together within the platform to both secure identity and enable transactions.
UbiNET Token is the user access token for the UbiNET platform and ThingCoin is the transaction currency within UbiNET.
We have only issued a limited number of access tokens and transaction coins at this point to test the ecosystem and evolve a number of market propositions, say’s CEO and Chief Scientist Karl Smith
The UbiNET platform is reliant on several technologies including, micro sensors that use ambient power, blockchain, cryptocurrencies, 5G and artificial intelligence as defined in the Open Network Ecosystem Protocol patent and won’t launch until they are all aligned.
We have not ruled out an ICO to create the funding for a city state test of UbiNET but we want to be sure that investors gain a benefit before we move in that direction, we are reviewing several funding options at this stage but will continue to use our consultancy profits until real value can be offered to investors, say’s CEO Karl Smith