Ico Start Date: 10-Apr-18
Ico End Date: 10-May-18
Unibright empowers business process specialists to enable a complete blockchain based business integration lifecycle without having to be a coding expert.Business services
We have been working in the field of business integration for 15+ years and launched our own cloud based integration platform in 2011. In 2016 we decided to empower cross-blockchain and cross-system business process integration and started Unibright. Unibright is the first unified framework for blockchain based business integration. We define business workflows visually and automatically generate smart contracts for various blockchains, smart adapters to connect to existing IT systems and smart query sets to monitor the ongoing business process. The Unibright framework is blockchain agnostic, we describe business integration scenarios in a more abstract manner. By supporting the whole lifecycle of a business process we empower business process specialists to use blockchain technology without having to be a specialist in a specific blockchain implementation. The Unibright process starts with defining workflows based on proven templates. Each template consists of a pre-defined standard workflow, suitable for a specific use case e.g. “Multi-Party-Approval”, “Request for Quotation”, “Milestone Payments”, and many more. Inside the Unibright Workflow Designer the user picks a template and customizes the given standard workflow to his needs. System boundaries, necessary connections to IT systems and integration of other blockchains can be defined in the workflow as well. The needed SmartContracts containing the business logic for the designed workflow are then generated automatically. They can be deployed to (and maintained in) a specific blockchain by the Unibright Contract Lifecycle Manager. SmartAdapters for our UnibrightConnector allow the integration of various blockchains and ERP-systems. The corresponding SmartAdapter configurations are also automatically generated out of our workflows. The ongoing process can be monitored by our Unibright Explorer, showing the state, transaction and information flow of all participating units. These business case specific “SmartQueries” are also automatically generated out of our workflows Our global view on blockchain and off-chain technologies led us to present Unibright – the first unified framework for blockchain based business integration.
SPO Consulting GmbH, Germany, providing SAP related software solutions for top players like Lufthansa, Samsung, Siemens and many more.
Riding the Web 2.0 by developing SAP Enterprise Portals and Full-Stack .NET applications.
Launching the cloud-based SPO Process Integration Platform on Microsoft Azure, supporting business processes for top players in the banking sector and manufacturing industry.
Strategic expansion of the top management, deciding on a spin-off for Research & Development on blockchain and workflow technologies with focus on Ethereum.
Unibright launch. Definition of the Unibright Contract Interface, and the Unibright Smart Contract Lifecycle. Alpha Version of Workflow Designer, Lifecycle Manager, Explorer and Connector for Ethereum and SAP.
Business Setup and preparing token launch.
Beta Version of Workflow Designer, Lifecycle Manager and Explorer.
Beta Version of Unibright connector to SAP. Alpha Version of Unibright connector to .NET and JAVA. Tests and Quality Assurance.
Providing more workflow templates and specific interfaces to the workflow designer. Adding smart code generation for Stratis
Beta Version of Unibright connector to .NET and JAVA. Tests and Quality Assurance.
Tests and Quality Assurance for complete Production Readiness.
Tests and Quality Assurance for complete Production Readiness.
Team looks experienced. Product is at a very conceptual stage with some arguable design elements. Vision is too weak in terms of the actual planing and the market research: no financial, no marketing plan, no specific niche analyses etc. Also, I failed to find any attempt to show a go-to-market strategy with any reasoning. And the vision is not unique, there are more than 10 very similar project which we reviewed during the past 2 months (with twists, yet the target market is the same). Best way to stand out from the competition is to show a solid business strategy and a reasonable tokenomics - these are parts where most competitors ICOs are also weak.
No financials, marketing or business planning in the WP, how to judge on the project in general?! Only tech info is not enough if you are selling tokens to investors
Date of Review: 20 Feb 2018. This ICO review is the most time-effort consuming one that I have done to date but is also the most satisfying/fulfilling. C1. In brief, “Unibright tools aim to automatically generate: • (a) smart contracts for various blockchains • (b) smart adapters to connect to different blockchains and off-chain IT-/ERP-systems • (c) smart query sets to monitor the ongoing business process” C2. Involved a 4 Step process: Choose a template, customize the integration workflow, generate all derived objects automatically and monitor the complete process. C3. “Unibright is a unified framework, offering all tools and functions to support a complete blockchain based business integration lifecycle. The central part of the Unibright ecosystem is the Unibright Contract Interface (UCI) that connects all parts of the Unibright framework.” C4. Through Unibright connector (implemented as “.Net OS Service, Java Service or webserver process”) aims to connect to other blockchains such as Ethereum Mainet, Stratis and Altchains. C5. Love the hardcore majority computer science team. C6. Very strong team of company advisors… but see Q13 C7. Very responsive community managers as well. C8. Blog (since 6 Oct 2017) is available at https://medium.com/@UnibrightIO C9. Reasonably sized Telegram group of 723 members as of 20 Feb 2018: https://t.me/unibright_io Their Telegram chat discussion from 8 Jan 2018 till today is nothing like I have seen before in the other ICO Telegram groups that I’ve joined & reviewed. There are numerous good Q&A between various seemingly unrelated members with the core team and the core team members are very responsive in their replies. This review took into consideration (a) whitepaper, (b) website and over 3,000 lines of Telegram chat history – first time that I need to extract tons of good Q&A within an ICO Telegram group prior to a review! The extracts of good Q&A from both Bitcointalk forum and their Telegram channel can be found here: https://goo.gl/uVkvtq C10. Good brief pitching video in the London Blockchain week: https://www.youtube.com/watch?v=no1IzluUHdQ C11. This whitepaper is one of the few good ones that does proper referencing. C12. I would not be surprised if Unibright gets an acquisition offer from SAP, Oracle, Microsoft, NetSuite, Sage, etc. in the future and I wish them the very best in their business venture. C13. It's Telegram members have asked the team to compare itself with these other projects and Unibright responded very promptly: MS Coco framework, ARK.IO, Daico framework, SAP BPaaS, Crowd Machine, Hyperledger, IBM Business Process Manager, SophiaTX and Proxeus. C14. Having reviewed the materials in Unibright Bitcointalk discussion forum & its Telegram group, these are my questions for the core team: Q1. The screen snapshots provided in your website under the “Unibright System Components” are actual scree snapshot from the software itself or just mockup? Q2. If yes to Q1, is it a Windows program? Java? etc. Q3. What is the development stage of the software in Q2 where 0% is not yet develop, and 100% is production grade? Q4. What is the development stage (0-100%) of the Code Generation Tool? Q5. I would like to see an *actual* example (or at the minimum a mock-up code if actual is not available) of (a) A 30+ liner code (b) A visual workflow corresponding to the Q5(a) Q6. I would like to view the full source code for the “RFQ Intertec V2.0” Q7. Is the Unibright Blockchain Connector available in Java? or .Exe? or ____ ? Q8: I can see potential inventions relating to your platform that are patentable. Any plans for patent creation, protection and commercialisation for Unibright inventions? Q9: I love the way the whitepaper is being written (with proper citation and referencing covering not just websites but books and journal papers as well – love it). If I’m being picky, I would suggest referencing a bit more relevant journal papers. Personally, I would also include Satoshi seminal paper but I can sense that it might be a conscious decision on the authors’ part to not mention his paper. Any plans to publish it in a journal or conference? Q10. I read that “Unibright is a spin-off of SPO”, what does that mean? Does SPO owns 100% shares in Unibright, etc. Specifically, who are the shareholders of Unibright? Q11. Any link between your Visual Designer and UML? Q12. What are the Smart Adaptors that are ready for use (can be in alpha or beta), and which ones are to be developed (with timeline) Q13. Did you miss out Mr. Patrick Lowry in your line-up of Advisors? Would have been nice if your other 4 ‘official’ Advisors are within Telegram sharing the Q&A workload, which I can tell would not end in the foreseeable future. Q14. What are the similarities and differences between Unibright and Morpheus Lab’s Blockchain-Platform-as-a -Service, https://goo.gl/LZdffR? Q15. There will likely be repeated questions as you can get members coming onboard your Telegram group, and you may wish to convert this https://goo.gl/uVkvtq into a FAQ. Q16. Most ICO campaign has an introductory/pitching video posted in the frontpage of ICOBench, your team may also want to create one as well? For your reply, pls use this notation, A1 for Q1, A2 for Q2, ..., A16 for Q16, and you may also consider having sub-answers like A9i, A9ii, if you wish; if you are replying to my comments, you may use this notation, R1 for C1, R2 for C2, ..., C13 for C13; so that I can tell if you are responding to a comment (C) or a question (Q). I may revise my ratings after receiving the answers to the above questions. -------------------------------------- On 24 Feb 2018, I received a very detailed response to my list of questions and I am satisfied with the very good responses. I've combined their replies to my questions as well as the DD from ICO Check in this link: https://goo.gl/su9xQy I now revised the rating for Unibright to T=5, V=5 and P=5 (from T4, V4 , P4) Best wishes for your ICO and I look forward to using your product!
Unibright team is very close-knit, members of the team has been working together for many years in the industry and all of the team members have solid technical background. Team claims to have back end code to be almost ready, although front end needs more development, that is why prototype is not going to be available before ICO.
Add financial and marketing analysis on the wp too much technical word on the wp
+- Good teams and advisory board. Would recommend to have more advisors to support ICO globally. ++ Team has been working together for quite some time. Always a big plus ++ Good vision ++ Not enough info for investors in the whitepaper. Would love to see financials in details.
The project team has a fantastic experience in the development and integration! In my opinion the task is comparable, for example, with the task of making new Xamarin. I do not know whether you can do it for $ 13 million.
looks promising but whitepaper needs some work. I love the technical detail but its missing key elements that would be present in a typical business plan. Crypto white papers are blend of real world wps and business plans Gas great potential though! good luck guys!