Ultilegder, the Next Generation Global Self-financing Blockchain Protocol, an open source protocol initiated by a number of IT technology geeks, gets a high-level consensus and co-governance from the communities. Ultiledger aims to build an economic and financial ecosystem based on token ULT to help any organization (contains government, business, industry clusters or individuals and communities) that needs to build trust at a low cost and rapid construction of a distributed financial book and account system of bank-grade security; zero-cost transaction settlement within the ecosystem; improved security, privacy, efficiency and capital availability of the system through the combination of the main chain and sub-chains. In the Ultiledger ecosystem, any tangible assets, data or intangible rights can be written on blockchain to become a string of code to achieve assets and data tokenization, and to use smart contracts and distributed storage for completing functions such as confirmation, notarization, trading, circulation, etc., and finally achieving “credit circulation, asset circulation, value circulation” in the algorithm world.
The Ultiledger team has more than 10 years of IT experience, from the Wanxiang Blockchain Lab, the HKEX, the Chinese Academy of Sciences, Ant Financial, SAP and State Street Bank. There are 5 team members who were the early code contributors of ripple and stellar, and meanwhile they have been operating the largest community of ripple and stellar in China, they have made many successful applications based on sub-chains in the early days and proposed a number of breakthrough innovations. With the expansion of the blockchain business, it is found that the application of blockchain through sub-chains cannot satisfy the circulation of credit, assets and value, and realizes self-finance only achieved in the ecology, however, the financial scene is often complicated and the assets are increasing, the demand for interaction is extremely large. Based on the above, the team initiated the research and development of a next generation of self-financing public chain, which on the one hand satisfies the financial needs of different scenarios, on the other hand, it will map and combine the assets of circulation, and can support the circulation on a global scale. Ultiledger launched a groundbreaking and interactive blockchain system architecture – Ultiledger, is committed to providing blockchain solutions to meet the needs of real business applications.