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Unibright (UBT) is an enterprise focused blockchain platform launched in 2017 by Marten Jung and Stefan Schmidt. Jung and Schmidt respectively serve as the project’s Chief Executive Officer (CEO) and Chief Technology Officer (CTO). The team conducted its ICO in May 2018, raising roughly $13.5 million dollars in exchange for selling 150,000 million UBT tokens priced at $0.14.
Research for the project began 2016, with the initial focus being on Ethereum. The project serves many purposes, including the development of enterprise applications, startup investment and tokenized asset ecosystem development, though the overall goal is to bring existing businesses up to speed with blockchain technology.
Being already quite entrenched in the enterprise industry, Unibright is hoping to use the knowledge and expertise its team has with the enterprise industry to serve as a unified platform to assist incumbents. Existing and planned features include Unibright Thinktank, an advisory arm; Unibright Solutions, a blockchain solutions platform; Unibright Ventures, an incubator; Unibright Framework, a business integration solution; and Unibright Freequity, which focuses on tokenization solutions.
Unibright’s team is composed of “blockchain specialists, architects, developers and consultants with 20+ years of experience in business processes and integration.” The project is a part of the Ethereum Enterprise Alliance (EEA), INATBA, the European Blockchain Foundation, and Blockchain Bundesverband, a non-profit that is focused on the promotion, development and adoption of blockchain technology.
Mostly recently, the team has seen the first pilot customers use their Unibright Framework, which has come to the product ready stage. Other developments include partnerships with Digital Asset and Anyblock Analytics. Additionally, the team began to look into security tokenization, which will take a lot of the spotlight in 2020, along with the establishment of the Unibright Thinkthank.