Letter to Community
Dear Investors & Community,
I’ve been pursuing the camera technology for my entire life, since the era of video sharing in 2005, when YouTube first launched, with a strong belief that the era of digital communication will be soon upgraded into visualized form with social-sharing; I’ve been working on the integration of mobile camera & social-platform applications, and now with blockchain technology, finally I can build the first Blockchain for Camera Economy: Umbala Network.
Umbala Network follows a simple idea: camera-data standing alone brings no value, only when they’re able to be connected; the data can create value for various type of business models; using camera’s digital data to leverage connection and communication. “We like to think of the camera is the new keyboard” — Tony Leach, Facebook Messenger Product Manager has said. In the raising digital era, social platform is everywhere in order to connect people by providing digital communication tools, which keeps getting better with camera-technology integrations to express the full range of emotions. The revolution of camera-based applications is coming along with the switch of digital communication, from form of text to images and to real-time interactive videos.
During our journey of creating mobile social apps, we came to understanding the problem of centralized platform where the policies not belong to creators, but they are dependent on one firm; we wanted to build a playground where user-generated content creators have voice in benefits sharing, also the brands and other stakeholders, where the transparency has existed and well-recognized. This is the right time for us when the mainstream now has started getting used with decentralized concept and blockchain technology has been applied to almost all of industries.
We aim to create the world’s first blockchain-based camera economy; Umbala Network positions being a vertical blockchain where all stakeholders can optimize camera-based applications to accelerate their business. We will build an ecosystem with partners and members from real estate, education, e-commerce, etc… and I can say, anything. We value experience, we value the visual technology which help storing all those experiences; that’s who we are, that’s what we are about.
With the strong belief in the potential of camera economy and my world class team members, I hope Umbala Network will have the greatest supports from communities and investors.
Cheers,
Don Thao Nguyen
