UbiNET announced yesterday that with no resolution to the following impediments the rollout date for UbiNET of 2022 is being put back to 2030.

In the last six years we have been able to take the concepts from the self building data architecture and transaction history of BitCoin in Blockchain and create our own Blockchain called Ubi.

Ubi is a next generation blockchain that firstly does not use existing codebases associated with blockchain. Ubi is based on Object Oriented Programming that ultimately lends itself to micro services and an API marketplace where companies will be able to engage with Ubi but not through its source code.

There are still a number of limiting factors which are dramatically impacting the ability of UbiNET to be launched;

  1. 5G was expected to have a near unlimited number of connections through the use of MIMO (multiple input, multiple output), unfortunately limits of one hundred billion have been discussed at the 5G Forum at the Mobile World Congress in Barcelona in 2017. This would dramatically limit the use of the system to just 100,000 participants.
  2. There are problems in scaling the blockchain, even by using virtualisation technologies like cloud computing and the light weight nature on ONEP latency could be an issue. due to the vast volumes of transactions and related data calls. Even in cloud computing there are servers and they need to be located somewhere to build a planet wide server system we have investigated on land, undersea and space based farms and don’t have a solution. The use of third party vendors has been ruled out do to access to the source code.

The full Update can be seen here http://ubi-net.us/ubinet-update/

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