UBIC is a crypto-project that is meant to democratize money creation - minting new currency in favor of everyone, not only in favor of the financial sector.
UBIC works like a basic income on a blockchain, UBIC can as well provide a governance layer for other projects that require democratic voting or kyc.
To join UBIC you are required to proof the uniqueness of an e-passport with a Non-transferable proof of Signatur-Knowledge connected to that E-Passport.
Your identity is NOT revealed that way to other participants of the system.
Sybil attacks - a bad actor trying to fake multiple identities to cast multiple votes or to receive multiple basic incomes at once - are much harder with UBIC that way then with any other project.
UBIC will soon allow reliable pseudonymous voting (one person, one vote) and other applications as well that require a functionality to avoid sybil attacks.
The UBIC-Smartphone-Wallet is in an early stage but does provide all basic functionalities a Wallet requires. You can send transactions, receive them and register a passport in order to get your UBIC cryptoUBI.
If you like the idea of the project you can support its development on github:
- http://github.com/rgex/UBIC-android-wallet (Android wallet)
- https://github.com/rgex/UBIC-Wallet-for-iOS/ (iOS wallet)
- http://github.com/UBIC-repo (node)
