ULedger Review – ULD ICO Data Blockchain Distributed Ledger Technology?

ULedger, found online at ULedger.co, aims to power the enterprise blockchain revolution. Find out how the software company plans to do that today in our review.

What Is ULedger?

ULedger is a Boise, Idaho-based software company that aims to enhance trust in the blockchain community. It aims to bring a new level of trust to digital communications like email. Overall, the goal is to introduce blockchain benefits to enterprises, SMBs, and personal users.

The company has teamed up with a Big 4 accounting firm to address business cyber security issues.

Their “secret sauce”, as explained on the official website, “makes it possible to prove, in an independently verifiable manner “without the need for prior consensus” for the relative order of events.” This is unlike any other blockchain technology. ULedger does not require data to be shared between nodes participating in any transactions. They describe this feature as “crucial for the vast majority of real world use cases.”

In layman’s terms, ULedger is a private blockchain that has an extra layer of security: data doesn’t need to be shared between nodes.

Some of the potential uses for ULedger’s technology include for the internet of things, edge computing, relativistic computing, distributed computing in semi-trustless contexts, and data feed oracles for shared ledgers and public blockchains.

The fact that ULedger is headquartered in Boise is important. In September 2017, the City of Boise and ULedger announced that they had entered into an agreement to explore the uses of blockchain within the city’s administration. The ULedger website describes Boise as “one of the first city governments to deploy & benefit from blockchain.”

Benefits Of ULedger’s Platform

ULedger’s platform is linked with all of the following benefits:

  • Reduced Costs: ULedger’s technology aims to reduce the costs of transactions, compliance, and cyber security by providing fewer intermediaries along the way.
  • Time Savings: Added process efficiency, automated compliance, and reporting efficiencies all lead to time savings with ULedger. ULedger also uses smart contracts to save time.
  • Increased Revenue: ULedger creates increased revenue due to faster transaction speeds, digital asset certifications, and repository access, along with the use of smart contracts.
  • Data Certification: ULedger’s platform allows for transparent and immutable data, and empowers users to control their data. It also increases trust with third parties and provides high quality data and data reliability.

ULedger Products

ULedger offers three core products. They offer ULedger Data Assurance, which is a data auditing and assurance system for enterprise users. There’s also Blockchain Storage, another enterprise solution that includes everything in Data Assurance along with additional blockchain storage capabilities. Finally, ULedger makes software for average consumers, families, and SMBs. Here’s an overview of each software solution and its features:

ULedger Data Assurance (Enterprise Edition)

  • Seamless integration with existing data platforms
  • Server-based API-accessible document certification, signing, and auditing
  • Large consensus node network
  • No outside party has access to your data
  • Works for any data type, including everything for medical records to images to financial transactions and emails
  • On-demand reporting
  • Proactive alerts of data attacks or any discrepancies in the audit trail
  • Revenue generation through allowing access to certified asset repositories

Blockchain Storage (Enterprise Edition)

  • Includes all features found in ULedger’s Data Assurance Enterprise Edition software
  • Blockchain-based, end-to-end encryption and distributed data storage
  • Cloud-based storage of data post-signature
  • Only you have access and control of your data
  • Immutable data redundancy and better ransomware mitigation
  • Data is tied directly to ULedger Data Assurance and its audit trail
  • Restores data to correct version
  • Ties directly to your blockchain
  • Available as either a primary or a secondary storage solution

ULedger SMB & Family (Personal Edition)

  • Upload important documents to your own blockchain
  • Industrial-strength data certification and storage for individuals and small or medium-sized businesses
  • Web-based UI for uploading information
  • Blockchain-based, end-to-end encryption and distributed data storage
  • Cloud-based storage of data post-signature
  • You control who has access to your data
  • Immutable data redundancy and ransomware mitigation
  • Reports for tax, legal, finance, and more

About ULedger

ULedger was founded in July 2015 in Boise, Idaho. The company was founded by Taulant Ramabaja and Josh McIver. In 2016, they received an angel investment of $500,000, according to Crunchbase.

ULedger, Inc.’s expertise in blockchain dates back to 2011. Today, the company’s listed specialties include identity verification, cyber-security risk analysis, smart contracts, data redundancy, ransomware mitigation, email technology, blockchain technology, and more.

ULedger Conclusion

ULedger is a software developer that offers two core enterprise software solutions and an SMB software solution built on blockchain technology. The software aims to help users take advantage of blockchain technology for a variety of purposes – including everything from data auditing to decentralized storage to ransomware mitigation.

To learn more about ULedger and the company’s family of products, visit online today at ULedger.co.

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