t a b l e of c ont e nt - umbala network · umbala network blockchain has proposed a new consensus...

TABLE OF CONTENT

WHAT IS UMBALA NETWORK? 2

MARKET OPPORTUNITY (MASS ADOPTION

OPPORTUNITY) 3

PROBLEMS OF THE EYE-VISION-COMPUTING

ECONOMY 5

TECHNICAL DISCUSSION 6

THE 108 DELEGATED PROOF OF REPUTATION 7

BUILT-IN PROTOCOLS 10

TOKEN MODEL 11

DAPPS & PROTOCOLS 12

OUR TEAM 14

MEDIA COVERAGE 15

NOTABLE INVESTORS & STRATEGIC PARTNERS 19

UMBALA NETWORK - LIGHTPAPER 1.0 2

WHAT IS UMBALA NETWORK?

Umbala Network (or Umbala Chain) is a performance-focus & highly

scalable Blockchain to connect billions of camera devices all over the

world and accelerate decentralized eye-vision-computing applications, a

new term referring to all types of business models optimizing

camera-based applications.

We believe in the connection of camera data, so we create a Blockchain to help

build a decentralized network of camera data from billions of cameras all over the

world. The main mission of the network is to take advantage of the camera-tech

service and camera-data utilization by using a cryptocurrency-based payment &

token-incentivized system.

Umbala Network will provide specific tools and platform features leveraging the

power of the community, thus, reducing costs and allowing the community to focus

more on the core business of their applications built on the eye-vision-computing

economy.

The core technology powering all the Umbala Network ecosystem is Umbala

Chain with the newly-invented consensus algorithm named 108 Delegated Proof-of

Reputation developed by Umbala Foundation. With this design, Umbala Chain

allows for zero transaction fee and high TPS and empowers Dapps to be the Block

Producers of the decentralized network.

Last but not least, we also try to solve the painful problem that many are

running into. It is ‘how a Blockchain network could get mass adoption ’. To solve

that problem, we propose sophisticated go-to-market plans for our Blockchain

products based on our over-fifteen-year experience of developing online mobile

social platforms. Umbala.Tv - the first member of Umbala Chain targeting at

KOL-livestreaming-based e-commerce market, will be released by the time the

mainnet is launched.


MARKET OPPORTUNITY (MASS

ADOPTION OPPORTUNITY)

We find the solution to getting mass adoption for Blockchain by choosing the

suitable market of applications where Umbala Chain will enter. We decided to join

the global market of camera-based applications since it has a long developing

history and continues to prove its huge potential in the near future.

The world has witnessed 4 generations of business models based on cameras. The

first generation was when the concept of digital cameras, in which photos could be

captured and stored in digital memory, was born. The second generation was when

the revolution of social platforms occurred and photos were shared on social media

apps and started to show their communication capabilities. The third generation

was when the evolution in telecommunication infrastructure facilitated high-quality

wireless internet and videos became the tools for showing more ranges of human

emotion and creating more ways of human interaction. Moreover, not only did

live-streaming invent a new way of interaction between people, but it also opened a

new era of camera applications.

Figure 1: The market of camera devices

The fourth generation is happening now, with the massive coverage of cameras

all over the world and the development of groundbreaking technologies, for


example, AI, VR, AR and Blockchain are predicted to change the word completely.

Here are some statistics showing how massive the fourth generation of the

eye-vision-computing economy is:

● According to LDV Capital, the total number of cameras in the world will

proliferate by at least 216%, reaching about 45 billion by 2022. It can be

imagined that in the 5 years to come, each person in the world is covered by 5

cameras on average.

● According to Cisco, the online video content traffic will account for more than

82% of all types of content by 2021.

● According to New York Magazine, 80% of consumers will be more likely to

watch a video than spend time reading an article by 2020 and 73% of B2B

companies that use online videos as the means to accelerate their business

will have a brighter profit picture than those do not.

Another example proves the huge potential of camera-based applications. In

China, the surveillance technology powered by AI-cameras have been applied in

many cities, which helps detect crimes, score citizens' reputation and track

customer behaviors. Moreover, cameras are now also used in commerce for

developing facial recognition payment at brick-and-mortar stores across the

country. With this nation-wide camera system, China is building the high-tech

authoritarian future. ‘Already, China has an estimated 200 million surveillance

cameras — four times as many as the United States’ (The New York Times, 2018).

Umbala Network is a representative of the fourth generation. We strongly

believe in the camera vision where billions of cameras all over the world are

connected and the new way of totally real-time interaction between people is

created. With the economy we are creating, all individuals and enterprises can

easily build their own decentralized, interactive, easy-to-scale and real

money-making camera applications operating in a wide range of areas such as real

estate, e-commerce, financial, security, media, etc.


PROBLEMS OF THE

EYE-VISION-COMPUTING ECONOMY

● No camera protocol for the world’s cameras to connect and work together.

The world’s cameras are estimated to proliferate to 45 billion by 2022, which

means the value of data resource drawn from those devices is potentially

huge. Meanwhile, there is no data-sharing protocol for cameras to access a

common pool of data, which leads to a waste of resources. Thus, there should

be a standard protocol to connect and unify cameras worldwide together.

● The future of real-time-interaction business models via screen has not been

uncovered yet.

Reflecting on the history of the camera-based economy, it can be seen that the

functions of camera in humans’ life have been changing and advancing

continuously. In the current era, with the support from AI, VR and AR, the

camera technology continues to shape a potential future for new interactions

between people by creating new applications and facilitating daily

communication-required activities.

● The revenue earned in many industries related to cameras is

platform-dependent and shared non-transparently.

Running businesses or working on giant platforms, content creators and

influencers have to comply to strict regulations on copyrights and particular

policies of each platform. To be specific, firstly, they are not allowed to own

the database of new users that they have generated. Secondly, the revenue

sharing between content creators and advertisers has to go through a third

party which is the platform itself. In most cases, platforms make this revenue

sharing process less transparent.

● Internet users and businesses depend on giant monopolies like Facebook,

Google, etc.


For a long time, the Internet population has been manipulated by giants like

Facebook and Youtube. Business owners have no rights to access and utilize

the database of users on such platforms. Therefore, there should be a platform

where participants have full freedom to optimize their profit.

TECHNICAL DISCUSSION

To serve the economy of camera-related applications well, there is a need to have

a Blockchain that solves scalability problems, allowing for low transaction fee and

high throughput. A serious problem faced by Blockchains yet barely mentioned is

that current Blockchains are controlled by ‘Sharks & Whales’. Meanwhile, the basic

philosophy of Blockchain is a decentralized system of applications serving daily life.

With that concept, a decentralized network should obviously be managed by

applications, not the wealthy.

In the Blockchain world, EOS, with the Delegated Proof-of-Stake (DPoS)

consensus algorithm allowing for 21 Block Producers to produce blocks, is known as

one of the pioneering blockchain solutions for the problem of scalability. However,

the blockchain is dealing with some problems threatening the possibility of getting

mass adoption.

Not many Standby Block Producers are always ready for playing the roles of

official Block Producers when needed. When a block is added to the Blockchain, a

block reward will be given to Block Producers involved in the process of transaction

confirming. Now, the problem of DPoS consensus algorithm is exposed: Standby

Block Producers do not receive or receive very few from Block Reward while they

still have to pay full infrastructure costs to satisfy the Block Producer Candidate

criteria.

For the network, the problem arisen is often called ‘the partial centralization

problem’. With a Blockchain allowing for only a handle of token holders to produce

blocks, power in the network is totally concentrated in the hands of a few richest

ones which is unofficially called ‘sharks and whales’. They are accounts staking the

largest number of tokens, but not contributing the most to the performance of the

business ecosystem. As a result, current blockchains with DPoS consensus


algorithm have not built on themselves a true ecosystem of real applications

creating real value, but a group of monopolies controlling the network and making

money from block rewards.

THE 108 DELEGATED PROOF OF

REPUTATION

Umbala Network Blockchain has proposed a new consensus algorithm named

Delegated Proof-of-Reputation (DPoR) to solve the technical problem of blockchain

technology at the moment. With DPoR, Umbala Network can reach the level of

1,000,000 transactions per second and zero transaction fee. For now, Umbala

Chain delivers approximately 8,000 transactions per second (TPS), with

the Block time is 0.5 seconds and the Block size is approximately 4,000

transactions. The testnet of Umbala Chain is now open at

http://tracker.umba.la

The DPoR consists of 5 components:

● Reputation Scoring Engine (RSE): Evaluate accounts in the network through

their Reputation Scores. Reputation Score of an account is based on How

long its tokens remain staked, the Quality of its Transactions and its

Usage of Allocated Resources.

● Reputation Voting: Vote strength is determined by how large reputation score

is, not how large the number of staked tokens.

● The Number of Active Block Producers: 45 changeable ones, encourage dapps

to become Active Block Producers.

● Voting mechanism: Give away chances to become Active Block Producers for

Standby Block Producers.


http://tracker.umba.la/

● Incentive mechanism: Incentivize fairly to all parties joining in block

producing process (Active Block Producers, Standby Block Producers,

accounts voting for Block Producers).

Figure 2: Voting procedure in 108 DPoR

Block Reward for each confirmed transaction is the inflation of the initial total

amount of UMB token. This allows transactions in the Umbala Network’s

Blockchain to reach the point of zero transaction fee. The overall system inflation

rate will be 2.5% per year at the maximum. To solve the problem of incentive for

Standby Block Producers, the incentive mechanism is designed so that even Block

Produces who have less chance to be Active Block Producers can earn benefit from

Block Reward.


Figure 3: Incentive mechanism in 108 DPoR

Compared with current mainstream public Blockchains such as Ethereum, NEM,

EOS and Lisk, Umbala Network solves the problem of partially centralization.

Currently, at the testnet version, Umbala Chain reaches: Blocktime 0.5 seconds,

8000 transactions per second (TPS) and Confirmation time per transaction

0.5 seconds.

Figure 4: Consensus comparison

More details about our newly-created consensus algorithm, please refer to our

Consensus Algorithm Proposal: http://gg.gg/dm662


https://drive.google.com/file/d/1qwyYyA5fjstxxvLRHwhtE5nRGitSErwV/view?usp=sharing

http://gg.gg/dm662

BUILT-IN PROTOCOLS

We also create important features for Umbala Network, or built-in protocols, to

make it easier to integrate into the eye-vision-computing economy:

● User ID Network & Connection Protocol: Share users database and

authentication system, thus, bring profits to users, reduce the user acquisition

cost and guarantee the large user based for decentralized applications.

● Revenue Sharing Smart Contract: Computer-executed, digital contracts which

users can deploy without writing code to ensure transparency in profit

sharing. It enables anyone to apply revenue distributing in many types like

virtual gifting, affiliate e-commerce or multi-partners revenue sharing.

● Open Camera Protocols: Connect the world’s cameras and create camera data

streaming network.

● Interactive Camera Protocols: Enable lots of ways for users to interact with

camera data.

● Open Innovation Marketplace: A place where developers join to develop new

camera technologies and earn incentives. Umbala Network Foundation will

also play the role of an accelerator for new camera technologies here.


Figure 5: Built-in protocols customized for the eye-vision-computing economy

TOKEN MODEL

Umbala network offers a 2-tier token model with the 2 tokens used are UMB and

UMX.

UMB is the native currency playing the role of reward in incentive scheme in

Umbala Network.

Figure 6: The token model of Umbala Chain


UMX is a security-like token playing the role just as equity of Umbala Network

Foundation. Those who invest in Umbala Network in the first place are rewarded

with UMX. Also, the contribution of every person, by money or efforts, to Umbala

Network Open Innovation Marketplace is also tracked on-chain and they are

rewarded with UMX. When the innovation is used, revenue is shared and

attributed back to the contributors. All token holders possessing UMX will get the

money shared from the profit of Umbala Network Foundation with the payout ratio

proportional to the ratio of their amounts of UMX to the total token supply of UMX.

DAPPS & PROTOCOLS

To prove the ability to get mass adoption of Umbala Chain, we will build DApps

and protocols upon Umbala Chain as the first members, which include:

● Umbala.Tv: Idol live video shopping decentralized application. Umbala.Tv

used to be a famous Vietnam-based live streaming application, which directly

competed with TikTok and obtained many achievements such as reaching

200.000 active users in only 1 month, raising successfully $260.000 fund in

Shark Tank Vietnam season 1 and getting large user-based with 200 KOL live

streamers; 400,000+ videos; 5.000 live-streaming hours ; 500,000 gifts sent to

streamers by viewers.

With the 2019 version, Umbalta.Tv will be upgraded to a trending lifestyle

live video shopping app, which can be seen as the Vietnamese Pinduoduo. The

alpha version of Umbala.Tv will be launched in April 2019. The final version

is expected to be launched in June 2019.


● ShopX Network: Decentralized live shopping protocol.

● StreamX Network: Decentralized live streaming protocol.


OUR TEAM

● Don Thao Nguyen | CEO

A passionate serial entrepreneur with fifteen-year experience of developing

online mobile social platforms, including 8 years working on online

camera-based products. Products he has developed: Timshot, the

Vietnamese-version Instagram which got series A funding from Cyber Agent

Ventures (2011), Timbox (2012 - a mobile social chatting platform), uBox

(2013 - a mobile social interest-based platform reached nearly 500,000 users

in the first 2-month), Umbala.Tv (a music live streaming platform got 200,000

users & a $260,000 deal on Shark Tank Vietnam Season 1). From 2006, he

had founded an offshoring & outsourcing firm named CNC Software, which

got nearly $1,000,000 revenue by making 50+ online social community

applications worldwide for the United States & Japan market.

● Ryan Hung Pham | CTO

Mobile Technical Leader of the fast-growing mobile app uBox acquiring nearly

500,000 users in the first 2 months; Technical Leader of Umbala.Tv, the live

music video app reaching 200,000 users worldwide; His products have made

to the list of Global Best New Applications 3 times; 6+ years developing

mobile camera-based & blockchain technology.

● Tuan Nguyen | Technical leader

Over 5 years working passionately as a backend engineer & technical leader

of the large-scale system for online content, e-commerce & social media at

VCCorp. The VCCorp's subsidiary he was working in is Admicro, the leading

brand name in the online advertising area in Vietnam, with 40% market

shares covering 95% of internet users over the nation. Having expertise in

Large-scale System and Deep Learning, he has developed an open-source

visual search engine allowing people to create their own Pinterest-like

system.


● Dr. Thuc Vu | AI Robotics Camera Vision & Investor Relationship

Advisor

A Silicon-Valley-based serial entrepreneur who co-founded Katago, Inc.,

which got Google-acquired (2011) and OhmniLabs, an AI robotic platform

(2015). He also founded Kambria Foundation, a decentralized open innovation

platform to accelerate the development and adoption of impactful robots

(2017). PhD in Computer Science @Standford & @Canergie Mellon (the 2

leading names in AI & Machine Learning). He has advised & been an

early-investor for Umbala.Tv since 2015.

● Dr. Hung Tran | Blockchain & Data Science Advisor

Founded the world’s first KaaS (Knowledge as a service) using AI - GotIt!

which has raised $15+ millions from many investors, including Capricorn

Investment Group (Early investor of SpaceX, Tesla, and Planet Labs). He has

worked with an executive team consisted of members from Google, Lyft,

Rakuten; Now working as a Co-founder & CTO of The Knowledge Project

Network, the network of brainpower on blockchain powered by AI, and a

whole suite of protocols for knowledge services. PhD in Data Science

@University of Iowa.

MEDIA COVERAGE

TEAM & ADVISORS

Since the noteworthy pitch of Umbala.Tv in Shark Tank Vietnam 2017 was on

air, the company has drawn significant attention from the media with an

impressive founding team. Especially, the CEO Don Thao Nguyen left the investors

and audience with excitement at his “craziness" and enthusiasm with startups.

Following this, Don and his Umbala team has been a hot subject on social media

and earned nation-wide media coverage.


News Zing, CEO Umbala: I have indefinite faith with cryptocurrencies, 19 January

2018,

<https://news.zing.vn/ceo-umbala-toi-co-niem-tin-bat-diet-voi-tien-dien-tu-post8117

54.html >.

GenK, Failing regardless having worked 16 to 18 hours a day, how did this startup

CEO become successful afterwards?, 2016,

<http://genk.vn/tin-ict/lam-16-den-18-gio-moi-ngay-ma-van-that-bai-ceo-startup-nay

-da-di-den-thanh-cong-sau-do-nhu-the-nao-2016032714170174.chn>.

CafeF, Umbala's dog-zodiac CEO with the inner ‘craziness' and game-changing

passion with Blockchain

http://cafef.vn/ceo-umbala-doanh-nhan-tuoi-tuat-mang-chat-dien-trong-nguoi-va-th

am-vong-thay-doi-cuoc-choi-voi-blockchain-2018021809195209.chn

CafeF, Impressed with the talented team, Shark Vuong and Shark Thuy take risks,

invest 6 billion VND for Umbala, 7 January 2018,

<http://cafef.vn/an-tuong-boi-doi-ngu-toan-nguoi-gioi-shark-vuong-va-shark-thuy-ch

oi-lieu-dau-tu-gan-6-ty-dong-cho-umbala-20180106195933648.chn >.

Soha, Portraying himself as the dumbest in a talented team, this guy got invested 6

billion VND, 18 February 2018,

<http://soha.vn/tu-nhan-ngu-nhat-trong-doi-ngu-toan-nguoi-gioi-chang-trai-duoc-da

u-tu-gan-6-ty-dong-20180108143030633rf20180108143030633.htm>.

Vietnambiz, CEO Umbala and ‘one-of-a-kind’ quotes in Shark Tank Vietnam, 10

January 2018,

<https://vietnambiz.vn/ceo-umbala-voi-nhung-cau-noi-doc-trong-shark-tank-viet-na

m-42754.html >.

The Leader, To build Blockchains, Vietnamese should abandon the speculative

fragmented mindset in business, 10 January 2018.


https://news.zing.vn/ceo-umbala-toi-co-niem-tin-bat-diet-voi-tien-dien-tu-post811754.html




http://genk.vn/tin-ict/lam-16-den-18-gio-moi-ngay-ma-van-that-bai-ceo-startup-nay-da-di-den-thanh-cong-sau-do-nhu-the-nao-2016032714170174.chn



http://cafef.vn/ceo-umbala-doanh-nhan-tuoi-tuat-mang-chat-dien-trong-nguoi-va-tham-vong-thay-doi-cuoc-choi-voi-blockchain-2018021809195209.chn

http://cafef.vn/ceo-umbala-doanh-nhan-tuoi-tuat-mang-chat-dien-trong-nguoi-va-tham-vong-thay-doi-cuoc-choi-voi-blockchain-2018021809195209.chn

http://cafef.vn/an-tuong-boi-doi-ngu-toan-nguoi-gioi-shark-vuong-va-shark-thuy-choi-lieu-dau-tu-gan-6-ty-dong-cho-umbala-20180106195933648.chn

http://cafef.vn/an-tuong-boi-doi-ngu-toan-nguoi-gioi-shark-vuong-va-shark-thuy-choi-lieu-dau-tu-gan-6-ty-dong-cho-umbala-20180106195933648.chn

http://soha.vn/ceo-umbala-doanh-nhan-tuoi-tuat-mang-chat-dien-trong-nguoi-va-tham-vong-thay-doi-cuoc-choi-voi-blockchain-20180218160302216rf20180218160302216.htm

http://soha.vn/tu-nhan-ngu-nhat-trong-doi-ngu-toan-nguoi-gioi-chang-trai-duoc-dau-tu-gan-6-ty-dong-20180108143030633rf20180108143030633.htm



https://thanhnien.vn/gioi-tre/ung-dung-trieu-usd-cua-chang-trai-viet-nam-me-hoac-nguoi-tre-toan-cau-785221.html

https://vietnambiz.vn/ceo-umbala-voi-nhung-cau-noi-doc-trong-shark-tank-viet-nam-42754.html




https://theleader.vn/ceo-umbala-muon-lam-blockchain-nguoi-viet-can-bo-tu-duy-dau

-co-manh-mun-1538878463783.htm

The Leader, Umbala Network founder: Sky Mining made use of lazy people that

https://theleader.vn/nha-sang-lap-umbala-network-sky-mining-da-loi-dung-nhung-n

guoi-luoi-bieng-va-ao-tuong-lam-giau-1533185501130.htm

VNExpress, The world will have 45 billion cameras by 2022, 10 January 2019,

<https://vnexpress.net/so-hoa/the-gioi-se-co-45-ty-camera-vao-nam-2022-3866218.ht

ml >.

CafeBiz, Meet Stanford PhD. Thuc Vu, the startup founder “curing loneliness” for

Americans by Ohmni robots, 24 August 2017,

<http://cafebiz.vn/gap-go-tien-si-dh-stanford-vu-duy-thuc-nha-sang-lap-dang-chua-c

an-benh-co-don-cua-nguoi-my-bang-cach-thoi-hon-vao-startup-robot-ohmnilabs-201

70824103746928.chn >.

CafeBiz, Vietnamese PhD makes it to the list of Silicon Valley 40 Under 40”, 3

September 2017,

<https://duhoc.dantri.com.vn/du-hoc/tien-si-viet-lot-top-guong-mat-tre-an-tuong-nha

t-thung-lung-silicon-20170902221540429.htm>.

Nguoi Dong Hanh,

http://ndh.vn/gotit-cua-tien-si-tran-viet-hung-goi-von-thanh-cong-hon-9-trieu-usd-2

0160429084543148p128c143.news

TECHNOLOGY IDEA

With the vision of solving problems faced by current Blockchains, Umbala

Network aims at developing a consensus algorithm that empowers decentralized

applications to equally manage the system as Block Producers. Our solution to

these problems has been published on many prestigious crypto media outlets as

below.


https://theleader.vn/ceo-umbala-muon-lam-blockchain-nguoi-viet-can-bo-tu-duy-dau-co-manh-mun-1538878463783.htm



https://theleader.vn/nha-sang-lap-umbala-network-sky-mining-da-loi-dung-nhung-nguoi-luoi-bieng-va-ao-tuong-lam-giau-1533185501130.htm

https://theleader.vn/nha-sang-lap-umbala-network-sky-mining-da-loi-dung-nhung-nguoi-luoi-bieng-va-ao-tuong-lam-giau-1533185501130.htm

https://vnexpress.net/so-hoa/the-gioi-se-co-45-ty-camera-vao-nam-2022-3866218.html

https://vnexpress.net/so-hoa/the-gioi-se-co-45-ty-camera-vao-nam-2022-3866218.html

http://cafebiz.vn/gap-go-tien-si-dh-stanford-vu-duy-thuc-nha-sang-lap-dang-chua-can-benh-co-don-cua-nguoi-my-bang-cach-thoi-hon-vao-startup-robot-ohmnilabs-20170824103746928.chn




https://duhoc.dantri.com.vn/du-hoc/tien-si-viet-lot-top-guong-mat-tre-an-tuong-nhat-thung-lung-silicon-20170902221540429.htm



http://ndh.vn/gotit-cua-tien-si-tran-viet-hung-goi-von-thanh-cong-hon-9-trieu-usd-20160429084543148p128c143.news



VN Express, Startup raising 6 billion VND in Shark Tank Vietnam redirects

towards Blockchain, 8 January 2019,

<https://vnexpress.net/kinh-doanh/startup-goi-von-6-ty-dong-tai-shark-tank-chuyen

-huong-sang-blockchain-3864420.html>.

Big Coin Vietnam, Solution to the scandal between EOS and Huobi, 9 October 2018,

<https://bigcoinvietnam.com/loi-giai-cho-vu-scandal-giua-eos-va-huobi>.

Trung Van Hoang, From the Huobi-EOS scandal to the solution to advocacy group

problem by DPoS algorithm of Umbala Network, 4 October 2018,

<https://trungvanhoang.com/2018/10/04/tu-scandal-huobi-eos-loi-giai-bai-toan-loi-ic

h-nhom-bang-thuat-toan-dpos-cua-umbala-network/>.

Bitcoin News, The 108 DPoR algorithm of Umbala Network - the solution to the PoS

advocacy group problem from Huobi-EOS scandal, 4 October 2018,

<https://bitcoin-news.vn/thuat-toan-108-dpor-cua-umbala-network-loi-giai-cho-bai-t

oan-loi-ich-nhom-proof-of-stake-tu-scandal-huobi-eos/>.

Bitcoin Vietnam News, What is 108 DPoR consensus algorithm?,

<https://bitcoinvietnamnews.com/thuat-toan-dong-thuan-108-dpor-la-gi>.

ECOSYSTEM-CREATING IDEA

Further than building a performance-focus and highly-scalable blockchain,

Umbala Network is enthusiastic in creating a business ecosystem where

decentralized applications could serve different business models and complement

each other to optimize resources and profit. This worthwhile idea has been

mentioned in many articles about the orientation of Umbala Network.

Thanh Nien, Million-dollar application of Vietnamese guy excites global young

users, 20 January 2017,


https://vnexpress.net/kinh-doanh/startup-goi-von-6-ty-dong-tai-shark-tank-chuyen-huong-sang-blockchain-3864420.html

https://vnexpress.net/kinh-doanh/startup-goi-von-6-ty-dong-tai-shark-tank-chuyen-huong-sang-blockchain-3864420.html

https://bigcoinvietnam.com/loi-giai-cho-vu-scandal-giua-eos-va-huobi

https://trungvanhoang.com/2018/10/04/tu-scandal-huobi-eos-loi-giai-bai-toan-loi-ich-nhom-bang-thuat-toan-dpos-cua-umbala-network/



https://bitcoin-news.vn/thuat-toan-108-dpor-cua-umbala-network-loi-giai-cho-bai-toan-loi-ich-nhom-proof-of-stake-tu-scandal-huobi-eos/

https://bitcoin-news.vn/thuat-toan-108-dpor-cua-umbala-network-loi-giai-cho-bai-toan-loi-ich-nhom-proof-of-stake-tu-scandal-huobi-eos/

https://bitcoinvietnamnews.com/thuat-toan-dong-thuan-108-dpor-la-gi


<https://thanhnien.vn/gioi-tre/ung-dung-trieu-usd-cua-chang-trai-viet-nam-me-hoac

-nguoi-tre-toan-cau-785221.html>.

CafeBiz, Cryptocurrencies get hyped: CEO Umbala Network decided to raise fund

with ICO, admitting the luck when entering the age of Bitcoin,

<http://cafebiz.vn/tien-ao-qua-hot-ceo-ung-dung-umbala-cho-biet-se-goi-von-bang-ico

-thua-nhan-may-man-vi-duoc-buoc-vao-thoi-ky-cua-bitcoin-20180110171525914.ch>

NOTABLE INVESTORS & STRATEGIC

PARTNERS

● VNC: One of the leading prestigious cryptocurrencies

investing community in Vietnam. Umbala Network's

partner in developing DApps.

● Kiemtienso: A Vietnamese leading cryptocurrency

community and media outlet. Umbala Network’s media

partner.

● Blockx world: The newly-famous crypto news outlet.

Umbala Network’s strategic partner.

● JunctionX Hanoi: The famous hackathon series in

Europe. Umbala Network's media partner.

● 500 Startups: A global venture capital seed fund with a

network of startup programs headquartered in Silicon

Valley.





http://cafebiz.vn/tien-ao-qua-hot-ceo-ung-dung-umbala-cho-biet-se-goi-von-bang-ico-thua-nhan-may-man-vi-duoc-buoc-vao-thoi-ky-cua-bitcoin-20180110171525914.chn

http://cafebiz.vn/tien-ao-qua-hot-ceo-ung-dung-umbala-cho-biet-se-goi-von-bang-ico-thua-nhan-may-man-vi-duoc-buoc-vao-thoi-ky-cua-bitcoin-20180110171525914.chn

● Shark Tank Vietnam: A global startup fundraising TV

show, first on air on the national TV in 2017.

● SOSV Accelerator: A venture capital firm providing

multi-stage funding to startup companies in the

technology sector. Umbala.Tv's early-stage investor.

● E-Group: The largest educational investment corporation

and a pioneer in the online education gaming field in

Vietnam. Had successful deal with Umbala during Shark

Tank Vietnam 2017.

● China accelerator: A leading startup accelerator in China

conducting mentorship-driven program that helps

internet startups from around the world cross borders.

Umbala.Tv's early-stage investor.

● VPBank: One of the earliest-established Joint-stock

Commercial banks in Vietnam. Umbala Network's

working space sponsor.


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