UDAP is a blockchain-based asset protocol that sits between applications and public blockchains to provide Restful APIs and an "Asset Wallet" for application developers to create powerful blockchain based applications without writing any smart contracts. UDAP's ultimate goal is to build the Internet of Assets. Its value proposition has a clear boundary, and includes the following concrete deliverables:

Develop an asset protocol through understanding the "assets" in our world from a blockchain perspective, and create abstraction of the general behaviors of assets; Define convenient APIs for traditional vertical applications to integrate with blockchains, which would not require application developers to have a deep understanding of blockchain and decentralization technologies. Provide a reference implementation of UDAP protocol, on top of Ethereum initially. We abstract the most central part of decentralized computing, decentralized storage technology and decentralized messaging mechanism into a concise and effective API. Implement a Universal Asset Wallet(UAW) for end-users. The UAW will capture the most

useful interaction patterns with assets that allows users to store, copy, transfer, sell/buy, and

trade a variety of assets deposit from third party applications in one place. Such a design for

third-party application development, in fact, is a very favorable news, because the third-party

platforms can focus on the current core business logic without having to figure out how to

build their own assets blockchain and user Interaction. Engage cloud service partners to offer Asset Blockchain as a Service (ABaaS) so that

organizations can easily create their own private or consortium asset chains that can connect

to the UDAP public chain for value exchange. Build a global C2C marketplace to enable asset trading and exchange without

intermediaries. Support business to transform to token economy as a technology enabler through.

• a highly scalable architecture that allows for linear scalability and supports thousands of

applications and near one-second response with finality, with a total throughput of 10k~100k

TPS.

• an end-to-end privacy protection mechanism that may handle highly sensitive asset

information for their customers.

• a unique security model to reduce attack surface.INFORMATIONWebsite: https://www.udap.io/

Telegram: https://t.me/udapcommunity

Medium: https://medium.com/udap

Facebook: https://www.facebook.com/udapfoundation

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Linkedin: https://www.linkedin.com/company/udap

Reddit: https://www.reddit.com/user/UDAP_Foundation