Topic: [ANN]Umbala Network - We fix the EOS's problem by a performance-focus Blockchain (Read 223 times)

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OVERVIEW

The world has witnessed 4 generations of business models based on the camera. The first generation was when the concept of the digital camera, which cameras capture photos and photos are stored in digital memory, was born. The second generation was when the revolution of social platforms occurs and photos are shared on social media apps to start showing their communication capabilities. The third generation was when the evolution in telecommunication infrastructure enables high-quality wireless internet and videos become the tools for showing more ranges of human emotion and facilitating more ways of human interaction. (for example, live-streaming not just invented a new way of interaction betweegroundbreakingalso opened a new era of camera applications).

The fourth generation is happening now, with the massive coverage of camera all over the world and the development of groundbreking technologies, for example, AI, VR, AR, and Blockchain predicted to change the word completely. Umbala Network is a representative operating in the fourth generation. We strongly believe in camera vision where billions of cameras all over the world are connected and the new way of totally real-time interaction between people is created.

With Umbala Network, all individuals and enterprises can easily build their own decentralized, interactive, easy-to-scale, real money-making camera applications operating in a wide range of areas such as real estate, e-commerce, financial, security, media, etc.


HOW MASSIVE THE CAMERA ECONOMY IS?

- The total number of cameras in the world will proliferate to at least 216% and the number will reach about 45 billion by 2022. It can be imagined that in the 5 years to come, each person in the world is covered by 5 cameras in average
 
- The traffic to video content will account for more than 82% that to all types of content by 2021
 
- 80% of consumers will be more likely to watch a video than spend the time to read an article by 2020 and 73% of B2B companies that use online videos as the means to accelerate their business will have the brighter profit picture than those that do not.


CURRENT PROBLEMS

- No camera protocol for the world’s cameras to connect and work together
- The future of real-time-interaction business models via screen has not been covered yet
- The revenue earned in many industries related to the camera is platform-dependent and shared instransparently
Internet population of user network belongs to monopolies like Facebook, Google, etc.

OUR VISION

Umbala Network is a  performance-focus & highly-scalable Blockchain to connect billions camera devices all over the world and accelerate many camera-based applications

HOW DO WE SOLVE THE CURRENT PROBLEMS?[/color]

*New consensus algorithm: 108 Delegated Proof-of-Reputation (108 DPoR) (See more: https://bitcointalksearch.org/topic/108-dpor-a-killer-consensus-algorithm-solving-the-centralization-problem-of-eos-5053169)
Blocktime: 1 second
Epoch time: 135 seconds
TPS: 10.000 - 1.000.000
Transaction fee: Zero

*User ID Network & Connection Protocol
Shares user authentication system, bring profits to users, also decrease the user acquisition cost and ensure the large user base for

*Revenue Sharing Smart Contract
Computer-executed, digital contract which users can deploy without writing code to ensure transparency in profit sharing. It enables anyone to apply revenue distributing in many types like virtual gifting, affiliate e-commerce or multi-partners revenue sharing.

*Open Camera Protocols
Connect world cameras and create camera data streaming network

*Interactive Camera Protocols
Enable lots of ways for users to interact with camera data

*Open Camera Marketplace
Place where developers join to develop new camera technologies and earn incentives. Umbala Network Foundation will also play a role of an accelerator for new camera technologies here.

NEW GENERATION OF BLOCKCHAIN

-Reputation Scoring System: Evaluate accounts in the network through their Reputation Scores. Reputation Score of an account is based on  How long its tokens remain
staked, Quality of its Transactions and its Usage of Allocated Resources.

-Reputation Voting: Vote strength is determined by how large reputation score is, not how large the number of staked tokens.

-The number of Active Block Producers: 45 changeable ones, encourage DApps to become Active Block Producers. The system is scalable

-Voting mechanism: Give away chance to become Active Block Producers for Standby Block Producers

-Incentive mechanism: Incentivize fairly to all parties join in block producing process (Active Block Producers, Standby Block Producers, accounts voting for Block Producers)

FIRST MEMBER OF UMBALA NETWORK
 
Donz is the first member to join Umbala Network’s ecosystem. This is a built-in protocol in Umbala Network Blockchain helping individuals and enterprises to build their own live shopping applications. Donz.TV is an upgraded version of Umbala.TV, a famous Vietnam-based live streaming application. Umbala.TV had obtained many achievements before being upgraded into Donz.TV:

- Reach 200.000 active users in only 1 month
- Raise successfully $260.000 fund in Shark Tank Vietnam season 1 (the Vietnamese version of the American-based reality television series Shark Tank)
- Large user base: 200 KOL live streamers; 400,000+ videos; 5.000 hours live streaming; 500,000 gifts between live streamers and viewers sent.

TOKEN METRICS & DISTRIBUTION
 
Total Token Supply: 108 Billion
Total Token Sale: 48.6 Billion
Unsold Token During Token Sale: Tokens are planned to be burned after the last sale round.
Soft Cap; 4,400 ETH
Hard Cap: 44,000 ETH
Type of Token: ERC 20, then swap to Umbala Network's Blockchain when the mainnet is released
Token Price: 1 ETH = 760,000 UMB (1 UMB = 0.000001316 ETH)

Token Sales: 45%
Founder & Team (2 years lockup): 15%
Advisor (2 years lockup): 5%
Community Reward: 15%
Technical Community Reward: 10%
Reserve (1 year lockup); 10%

UMBALA NETWORK USE CASES

*Real Estate Agent:
In the ecosystem that Umbala Network aims to build, real estate brokers can create their own live-streaming applications to sell real estates, making all geographic distance between them and buyers disappear. Thanks to VR technology, real estates can be shown clearly to the buyers and thanks to Interactive Camera Protocols,  decentralized camera applications built on Umbala Network even helps buyers and real estate brokers to have physical-like interactions only via the camera screen. When deciding to buy, buyers can only be sent a number of tokens to real estate brokers. In the end, the whole deal can be executed conveniently only via the camera screen.


*Liveshopping:
Individuals or even e-commerce sites can create their own live-streaming applications to sell items online (so-called live-shopping applications) more effectively compared to the traditional ways where posting items online are the only way to attract buyers. Similar to the example on real estate agent, the whole deal can be executed conveniently only via the camera screen. Not only that, thanks to the User ID Network and Connection Protocol, individuals or e-commerce sites which sell complementary items can share the mutual list of buyers, thereby boosting their sales, and get profit from the sharing.

*Cameras at brick-and-mortar stores:
Cameras at brick-and-mortar stores now are used not only for detecting shoplifters but also recognizing and classifying customers. Thanks to the User ID Network and Connection Protocol, brick-and-mortar stores can easily find out the shoplifter by checking the data shared by cameras in other brick-and-mortar stores. Additionally, with the Face ID Recognition Protocol - a protocol in Open Camera Protocols- a store can have important statistics on every single customer like how many times per week does he or she stop by the stores or what are behaviors that he or she have when being inside the stores. These data are very valuable for sales boosting policies.


TEAM  & ADVISORS

1. Don Thao Nguyen | Camera Economy Visionary & Founder (https://www.linkedin.com/in/thaomnguyenz/)
A camera-economy visionary, a passionate serial entrepreneur with 15+ years in online mobile social platform including 8+ years camera-based online platform: TimShot - Instagram-for-Vietnamese which got series A funding from CyberAgent Ventures (2011), TimBox - a mobile social chatting platform, uBox - a mobile social interest-based platform reached nearly 500,000 users in the first 2-month (2013), and recently Umbala.Tv - a music live-streaming platform which got 200,000 users & $260,000 deal on Shark Tank Vietnam Season 1. From 2006, Don had founded an offshoring & outsourcing firm CNC Software and contributed 50+ online social community applications worldwide for United States & Japan market which got nearly $1,000,000 revenue. Awards: Winner at Forbes Startups Contest 2015; Winner at The Israel Startups Competition (2015); & Top 3 Vietnamese ICT Talented Awards 2010.
 
2. Ryan Hung Pham | Co-Founder & CTO (https://www.linkedin.com/in/duyhungtnn/)
Ryan had been one of the core team member from beginning of Umbala, he was Mobile Technical Leader of fast-growing mobile app at uBox which got acquired nearly 500,000 users for the first 2-month. Technical Leader of live video community app Umbala.Tv, reached 200,000 users worldwide. Ryan has 6+ years experienced with mobile camera-based & Blockchain technology; He is the key player of successful projects led by Don Thao Nguyen since 2012. Awards: Winner at Forbes Vietnam Startup Contest 2015; Winner at The Israel Startup 2014; & Top 10 SingTel Challenges 2014.
 
3. Dr. Thuc Vu | AI Robotics Camera Vision & Investor Relationship Advisor (https://www.linkedin.com/in/thucvu/)
Silicon Valley based serial entrepreneur who was the co-founder of Katago, Inc. which got Google-acquired (2011); Co-founder & CEO of OhmniLabs, an AI robotic platform (2015). He continued founding Kambria Foundation, a decentralized open innovation platform to accelerate the development and adoption of impactful robots (2017). PhD in Computer Science at Stanford & @Carnegie Mellon, both leading names in AI & Machine Learning. He has been advised & an early-investor for Umbala.Tv since 2015.

4. Dr. Hung Tran | Blockchain & Data Science Advisor (https://www.linkedin.com/in/hungtrv/)
Founded the world’s first KaaS (Knowledge as a service) using AI - GotIt! which has raised $15+ millions, includes Capricorn Investment Group (Early investor of SpaceX, Tesla, and Planet Labs). He has been worked with executive team including ones from Google, Lyft, Rakuten; Now working as Co-founder & CTO of The Knowledge Project Network, the network of brainpower on Blockchain powered by AI and a whole suite of protocols for knowledge services. PhD in Data Science at University of Iowa.
  
5. Tuan Nguyen | Blockchain Engineer (https://www.linkedin.com/in/tuan3w/)
Serious 5+ years experienced working as backend engineer & technical leader for
large-scale system for online content, e-commerce & social media VCCorp; His work focused on Admicro, the market leadership with 40% of Vietnam online advertising market shares and cover 95% of internet users over the nation. Expertise in Large scale System and Deep Learning, he developed a open-source visual search engine, allows people to create their own Pinterest like system.
 
6. Jason Vuong Le | Community Manager (https://www.linkedin.com/in/dinh-vuong-le-367794111/)
A former business columnist in CafeF, a top-tier famous business outlet in Vietnam,  a cryptocurrency writer, ICO investor, and Blockchain & Data Science enthusiast. He has huge network with local Blockchain key contacts in mainstream press in Vietnam. Being a leader of a Vietnam-based cryptocurrency community with nearly 8000 members, he has a broaden knowledge of regional market.

PROMISING ROADMAP

Q1 2017: Launch of Music Video Battles. Got featured globally on Apple App Store

Q3 2017: Launch of Camera Star! Real-time interactive live video streaming.

Q4 2017: Receive $260,000 funding from Shark Tank Vietnam

Q1 2018: Recognize camera economy problems. Begin researching Blockchain solution to solve these problems

Q2 2018: Start Umbala Network development by utilizing Blockchain technology, start to develop the Minimum Viable Product

Q4 2018: Launch Testnet with MVP on Testnet: Delegated Proof of Reputation Consensus Algorithm, Revenue Sharing Smart Contract 1.0, UNID and Video Streaming Protocol (the first Open Camera Protocol)

Q1 2019: Launch UN Connection Protocol, Open Camera Protocols Standard 1.0, Camera Interactive Protocols Standard 1.0, Umbala Network Foundation and start working on creating more Open Camera Protocols

Q2 2019: Launch Camera SDK & Plug-in Store, collaborate with many partners to build the ecosystem of the Camera Economy

Q3 2019: Launch Umbala Network’s Mainnet



PRESS COVER
*Technology idea:
Our new consens algorithm 108 DPoR is featured in many famous cryptocurreny and Blockchain outles in Vietnam

https://bitcointalksearch.org/topic/108-dpor-a-killer-consensus-algorithm-solving-the-centralization-problem-of-eos-5053169-
https://trungvanhoang.com/2018/10/04/tu-scandal-huobi-eos-loi-giai-bai-toan-loi-ich-nhom-bang-thuat-toan-dpos-cua-umbala-network/

https://bitcoin-news.vn/thuat-toan-108-dpor-cua-umbala-network-loi-giai-cho-bai-toan-loi-ich-nhom-proof-of-stake-tu-scandal-huobi-eos/

https://coin68.com/thuat-toan-108-dpor-cua-umbala-network-proof-of-stake/



*Team & Advisors
Our Product team & Advisors Team are featured in many famous mainstream business & technology outlets in Vietnam and over the world:

https://news.zing.vn/ceo-umbala-toi-co-niem-tin-bat-diet-voi-tien-dien-tu-post811754.html
http://genk.vn/tin-ict/lam-16-den-18-gio-moi-ngay-ma-van-that-bai-ceo-startup-nay-da-di-den-thanh-cong-sau-do-nhu-the-nao-2016032714170174.chn
http://soha.vn/ceo-umbala-doanh-nhan-tuoi-tuat-mang-chat-dien-trong-nguoi-va-tham-vong-thay-doi-cuoc-choi-voi-blockchain-20180218160302216rf20180218160302216.htm

https://theleader.vn/ceo-umbala-muon-lam-blockchain-nguoi-viet-can-bo-tu-duy-dau-co-manh-mun-1538878463783.htm

https://thanhnien.vn/gioi-tre/ung-dung-trieu-usd-cua-chang-trai-viet-nam-me-hoac-nguoi-tre-toan-cau-785221.html
https://techcrunch.com/2017/04/12/the-ohmni-home-robot-wants-to-help-families-stay-in-touch-with-telepresence/
http://cafebiz.vn/gap-go-tien-si-dh-stanford-vu-duy-thuc-nha-sang-lap-dang-chua-can-benh-co-don-cua-nguoi-my-bang-cach-thoi-hon-vao-startup-robot-ohmnilabs-20170824103746928.chn
http://ndh.vn/gotit-cua-tien-si-tran-viet-hung-goi-von-thanh-cong-hon-9-trieu-usd-20160429084543148p128c143.news
http://

FOLLOW US AT:
* Official Website: http://umbala.network

* UMB | Umbala Network Global Community: https://t.me/UmbalaNetwork
* UMB | Umbala Network Global Announcements: https://t.me/UmbalaNetworkAnn
* UMB | Umbala Network Vietnam Community: https://t.me/UmbalaNetworkVietnam
* UMB | Umbala Network Vietnam Announcements: https://t.me/UmbalaNetworkVietnamAnn

* Twitter: https://twitter.com/UmbalaNetwork
* Youtube: https://www.youtube.com/channel/UCR2FxczQ19yKZxLtYtzhwIw
* Facebook Fanpage: http://fb.com/UmbalaNetwork
* FB Global Group: https://fb.com/groups/umbalanetwork/
* FB Vietnam Group: https://fb.com/groups/umbalanetworkvietnam/
* Linkedin: https://www.linkedin.com/company/umbalanetwork