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Launched in September 2018, Ultiledger is an open-source global self-financing blockchain protocol that aims to obtain high-level consensus and co-governance from its communities. Ultiledger's goal is to create an economic and financial ecosystem based on the token 'ULT' to help organizations build trust at a low cost and establish a secure distributed financial book and accounting system. By combining main chain and sub-chains, Ultiledger plans to provide zero-cost transaction settlement, improved security, privacy, efficiency, and capital availability. Ultiledger's headquarters is located in Shanghai, and the main chain test is scheduled for the third quarter of 2019. For more information, please visit https://www.ultiledger.io/.
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What is Ultiledger?
Ultiledger is a Next Generation Global Self-financing Blockchain Protocol that aims to build an economic and financial ecosystem based on token ULT. It is an open-source protocol initiated by a group of IT technology geeks and has gained high-level consensus and co-governance from the communities.
The goal of Ultiledger is to help any organization, including government, business, industry clusters, and individuals, to build trust at a low cost and rapidly construct a distributed financial book and account system with bank-grade security.
The Ultiledger ecosystem offers zero-cost transaction settlement, improved security, privacy, efficiency, and capital availability through the combination of the main chain and sub-chains. It allows any tangible assets, data, or intangible rights to be written on the blockchain, tokenizing them into a string of code.
Smart contracts and distributed storage are used to complete functions such as confirmation, notarization, trading, and circulation. Ultimately, Ultiledger aims to achieve 'credit circulation, asset circulation, value circulation' in the algorithm world.
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