How many tokens does a customer need?

Unibright is a framework, a set of tools that enable enterprises to make use of blockchain technology. We automatically generate smart contracts and automatically connect them to existing systems of the enterprise.

Each time our systems connect a Unibright smart contract with another system, this is a “Unibright Transaction” and this costs a certain amount of Unibright Tokens.

So with every transaction (connecting different systems or generating smart contracts), Unibright Tokens are transferred from the customers’ wallet within the platform to Unibright.

The number of tokens heavily depends on the number of transactions done. For example, a company doing approvals via our framework for every order exchanged would have at least one transaction per order. Given a few thousand orders per year and not having one supplier but a three-figure number of suppliers, this would lead to 100k up to 1 million transactions for this customer alone.

When a customer wants to serve more regular integration scenarios, the customer will need to hold more tokens. So, in the time after implementation, more tokens will be demanded because of the Framework targeting more clients, industries and more connected systems and by attracting more users to the platform itself.

There are even more cases, Unibright Tokens are used, e.g. for generating smart contracts, accessing special templates or bundling payments in different blockchains by the use of UBT. As the major impact on the token use will come out of the integration scenarios, we will address these additional cases in a separate post.