Universal Lab Transforming Our Data Driven Economy With The Blockchain Technology

INTRODUCTION

In our day to day encounter with matter it is an undeniable fact that we constantly interact with data in it's various forms of existence. Everything we do as humans can be explained and as well analysed using the idea of data. Thus the importance of data cannot be over emphasized, little wonder Tim O'Reilly opined that "We're entering a new world in which data may be more important than software". Though the concept as well as content of data is one which we encounter and as well use in our day to day activities as humans it will be nice to have a clearer insight into this concept by looking at a concized definition of it. 

Data can be defined as a set of values either of qualitative or quantitative variables. Pieces of data can simply be ascribed as pieces of information. Data can as well be defined as an organized set of information. Data as a concept however, refers to the fact that an existing set of information is formulated or represented in a manner which is more suitable for better usage or processing. 

Data Storage And It's Successive Development

Through the ages humanity has always garnered, processed and stored data, but the method in which this is done is what actually differs. Before the advent of modern science the method of gathering data was mainly manual and this data garnered manually where also processed and stored manually in the form of word, garphs and images on papers and other objects. This means of data management took a lot of time and energy and at the end only very little was achieved. However, as time went on the need for the gathering storing and processing of data became more prominent and the need to synchronize these data into more compatible units became more necessary. So with the advent of technology scientists found a was to process and facilitate these data and pieces of information into much organized forms and units making it easier to access. Thus information was now stored using kilobytes and megabytes through old computing system but there was still lack of the available technology necessary to make this more compatible because though this was better than the previous method of storing on paper alone, data stored through this means still occupied a lot of space. For instance 1megabyt of data could occupy a whole building. 

Today however, with the help of the latest technological systems one could easily store 1terabyte of data which is equivalent to 1million megabyte in devices so portable that you can pocket them. In fact, with the advent of the latest technological advancements you can store, process and access data without having to carry anything around. This latest shift of human invention in data technology is what we call cloud storage. With cloud storage you can store 100s of megabytes, gigabytes and even terabytes of information on the web and can access it anywhere in the world without having to carry it around. However, this latest innovation in data technology has it's own shortcomings.

Some Major Drawbacks Of Modern Cloud Storage

1. Despite the strong security majors applied by cloud data services like Amazon, Dropbox etc there are still cases whereby people's data have been accessed or stolen without the permission/knowledge by hackers.

2. Most data storage services are expensive especially when one wants to store a large amount of data.

3. Most Web or Cloud services usually have a downtime from time to time for maintenance and other services this could be very discomforting especially if one is in urgent need of accessing his/her data during such periods.

4. Though cloud services which are available today usually offer the user good privacy by allowing access to the user and those offering the service access alone. There is also limitation of privacy since those offering the service can use the data for there own selfish purposes as we can see in Google targeted ads which uses the users' information to send them adverts without their consent.

The Ulab And Ubbey Network Data Solution

Ulab is a new generation data storage service which through the blockchain technology wishes to transform the way in which data is obtained, processed and stored. Ulab uses a high encryption data technology to ensure that users data are safe and immuned from any form of hacking. Ulab offers the user full control and access to their data and files and there is no downtime to this access. Thus, the user enjoys both full privacy of data and 100% uptime or access to his/her data from any part of the world. 

Ulab offers the cheapest data service one could ever imagine cutting down the charges of other data services by over 80% andas well giving users a way of earning by using their service. Ulab makes it possible for users to earn by sharing their data space with other users. The incentives earned through this means is paid in YOU token which is the token to power the Ulab ecosystem and the users who get this incentives also pay for the services offered by Ulab using the YOU token thus giving more value to the token and increasing it's potential. Once a user secures a personal cloud storage from Ulab he/she is entitled to an Ubbey box which can be used conveniently anywhere and anytime. The Ulab cloud storage service is secured, cheap, easy and rewarding to use and can simply be ascribed as a cloud storage revolution using the blockchain.

The Ubbey Box

For More Information Visit The Following Links

Official website: https://ulabs.tech

Whitepaper: https://ulabs.tech/images/Universal-Labs-WhitePaper.pdf

Telegram: https://t.me/universallabs

Twitter: https://twitter.com/ulabstechnology

Medium: https://medium.com/universal-labs

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