The two main components of the Ubbey network are the Ownership (OWP) protocol and the Ubbey Box:
· The OWP protocol enables P2P ownership exchange on the Ubbey network and facilitates the exchange of assets between the physical and virtual world. It is also used for creating decentralized applications (dApps) on the Ubbey network.
· The Ubbey Box is the worlds first personal cloud storage built on the blockchain. Its a physical drive acting as a full node connection point to the Ubbey network blockchain. It can also be used for a process very similar to Proof of Work mining thanks to the storage sharing concept developed by the company.
Can you describe briefly the ownership registration process?
There are four steps for which any ownership registration process needs to follow:
1. An asset must be demonstrated to be valid
2. The ownership must be verified (the identity of an owner)
3. The asset must be unimpeachable
4. Register
When this process is applied to blockchain registration, as mentioned above, for now a third party may be involved to set up the initial data when migrating to blockchain registration from existing off-blockchain technologies (no matter physical assets or virtual assets). Once the four processes have been completed, an ownership is generated on blockchain with the listed information
