Montréal – TheNewswire – December 14, 2020 – ZeU Applied sciences Inc. (CSE:ZEU) (OTC:ZEUCF) is happy to supply an replace on the developments of the Mula Platform and suite of merchandise, in addition to an replace on the beforehand introduced Prego acquisition and integration and different initiatives.
Mula Platform & Eco-System
Elementary Adjustments
The New Mula Project
The redesigned and redefined Mula Project covers more domain than the previous iteration. It has also been further opened to third-party applications, community, and open-source efforts.
End-to-End Encryption
The core of the platform and the engine of its ecosystem remains the MulaMail module. Built as a digital wallet, MulaMail content is encrypted end-to-end. It does not allow the Company or Regulatory and Governmental parties to access any type of “back-door” or “master key”. The Company currently plans to use commonly compatible high encryption in its first commercial iteration. Some customized versions of the application will be able to deploy ZeU’s quantum-proof encryption at a later stage. The design team is studying the possibility to allow the users to choose their own encryption in some cases. Open-source contribution would help maintain and improve the application over time and can be done in parallel to the Company’s own improvement efforts. The content of MulaMail messages does not sit on a public blockchain but semi-centralized databases (70/30) being local hosts or permission-based “private” blockchain protocols. Without disclosing what will be the content of one or a few provisional applications, the Company’s management believes that the solutions developed sufficiently maintain a level of decentralization and distribution to adhere to its core principle while meeting the “Five-Eyes” countries “Legal Intercept” obligations.
Overview of the Platform
The Company believes that this version of the Mula Platform will be a powerful communication and DeFi tool. Its marketplace should grow and evolve in an organic and potentially viral manner.
To achieve this kind of growth, the platform’s new design now includes multiple APIs that will enable third-party development and connectivity. Owners of other e-services or applications, as well as community developers and influencers, will be able to leverage Mula to grow their own DeFi offerings. Mula will also provide more development freedom by allowing developers and power users to replace some components with their own, including Open Sources initiatives. The end-users will be able to swap these components to modify their experience. For example, the new design now integrates an open-source initiative backed by Google that will allow ZeU to reduce the development time required to code an Ethereum or ETH gateway within its “Builder” module. The builder module will contain the simplified programming language of the platform. It will allow third parties, from high-level engineers to simple users, to build their own smart contracts and small to sizeable DeFi applications within the Mula Platform. It will use MulaPay as the core utility stable token for all transactions with swap access to a large number of mainstream digital assets. There will be the possibility to connect to legacy financial services via the connectivity to ZeUPay, the suite of financial, payment, and custodial services allowed with the integration of Prego.
The Mula Platform should allow users to leverage their social, real-life, and business networks to improve and augment their offerings and revenues. For example, someone with a “network sales” home business selling cosmetics will be able to integrate their personal business page with Mula quickly, build a discount and/or a loyalty program with its own child-token derived from MulaPay, and develop all the smart-contracts required to automatically run the operation by using the Mula Smart-Contract Builder module’s wizard. That person will be able to add to their offerings by connecting other business offers existing in the Mula ecosystem and automatically generate additional revenue.
Below is the overview of the platform. Its current design includes the MulaMail application that gives access to all the other modules. MulaMail is the blockchain email application that is end-to-end encrypted, but that now allows employers to deploy their own set of accounts to have authenticated access. Enterprises will be able to deploy their own ZeU blockchain protocol nodes and leverage resources from outside of their private network. Offline usage of the email application has also been addressed and is now possible without compromising its security.
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Determine 1: Mula Platform Overview
Connectivity and Compatibility
An vital facet of the brand new MulaMail design is its incapability to be run as an add-on or a plugin inside one other vendor’s platform. Recipients of MulaMail by way of third-party e mail software program will nonetheless be capable of entry the contents of the message. Nevertheless, they’ll obtain a hyperlink to a brief net interface permitting them to learn the contents of the message. This method might doubtlessly restrict the adoption of the appliance, but it surely is not going to compromise its safety.
Mula Modules
Most of the deliberate Mula modules have survived the redesign and can proceed to be developed as deliberate:
Primary modules:
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– MulaMail is a personal, spam-free, and encrypted end-to-end e mail system.
– MulaMessage is a personal, spam-free, and encrypted end-to-end messaging system.
– MulaBrowser is targeted on privateness, safety, and information possession whereas searching the web.
Enterprise modules:
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– MulaMeet is a fast and straightforward solution to plan conferences with colleagues and buddies.
– MulaTask is a straightforward solution to compile a see your every day duties.
– MulaMeeting is safe video conferencing.
Advertising and marketing modules:
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– MulaMarketplace is a behaviour-based moral market the place customers redeem tokens.
– MulaGraph is a psychometric profile based mostly on the Mula digital pockets that understands customers’ tastes and habits.
Different modules have been added, included, or redesigned for flexibility and value.
MulaPay
MulaPay permits customers to entry a wide range of monetary companies throughout the Mula Platform. Customers have the chance to run micro-businesses inside their Mula account by billing and paying for companies, augmenting their companies or retail traces, or connect with legacy monetary companies by way of ZeUPay.
The DEX & DeFi choices
MulaPay and ZeUPay will help third-party DeFi functions connectivity, which signifies that builders outdoors the ZeU ecosystem will be capable of use Mula digital currencies swap operate and leverage the ZeUPay gateway to custodians, monetary establishments and banks.
MulaMail customers not solely purchase an enhanced digital pockets once they subscribe to the service, however they may even have the choice to actively run peer-to-peer functions in numerous fields. One of the vital vital would be the skill to lend digital belongings to the distributed alternate platform and create sub-tokens permitting the itemizing of their very own belongings, consequently working for revenue their very own mini decentralized and distributed digital alternate.
Mula Contract Builder
Mula Contract Builders permits customers to construct sensible contracts throughout the system with out data of programming, or blockchain or digital pockets know-how. It additionally permits energy customers and educated builders to plug in additional complicated contract growth code. The contract builder can be utilized for something from invoices to marriage contracts. Nevertheless, the Firm expects that majority of the utilization will come from is Mula enterprise suite of merchandise and its gaming initiatives.
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Determine 2: Easy Language Sensible Contract Builder
The Firm has chosen to supply these merchandise on the Mula Platform to leverage the platform’s ease of use and switching between modules. The Firm believes the power to run the suite of merchandise from one dashboard is cost-efficient and a value-add for time-pressed people and companies.
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Determine 3: Straightforward Entry between Modules
Adoption technique
The Mula staff is anticipating to develop some primary sensible contract elements suitable with the biggest digital currencies. This may enable a daily consumer to construct digital choices with out the necessity to perceive blockchain or digital pockets know-how.
The only case research is considered one of a sports activities betting pool between buddies or work colleagues. Let’s say that Peter is secretly a giant fan of RB Leipzig (stick with us, don’t snigger), a German soccer membership. Peter will be capable of invite by way of his MulaMail contacts and his buddies to take part in a personal, closed, peer-to-peer betting pool on any variety of personalized betting choices of his selecting in regard to German soccer. This may very well be something from the gamers to be traded to lastly enhance that staff to the place the totally different groups will place on the finish of the season — all with out disclosing to his buddies that he secretly despises FC Bayern. The sensible contract will mechanically compute outcomes and pay-outs. He may even have the choice to configure the pool in such a manner that can present the opposite customers what he’s betting on or to configure it as a “black pool” (English Soccer fan, not the staff…).
To fund his Mula account, Peter will be capable of monetize advertising tokens he obtained from numerous entrepreneurs and swap these tokens for MulaPay tokens, or he’ll be capable of purchase MulaPay tokens from inside his ZeUPay account. MulaMail customers mechanically get hold of a ZeUPay account when signing for MulaMail. If he wins, he’ll be capable of money out his MulaPay tokens by way of the ZeUPay interface, use his ZeUPay debit card for funds, or withdraw the quantity for fiat foreign money .
MulaMail Inbox Hybridization
The brand new semi-centralized method to MulaMail inbox administration fixes three vital points:
“The MulaMail staff plans to switch Easy Mail Switch Protocol (SMTP) with the following technology Blockchain Mail Switch Protocol (BMTP)”
The MulaMail staff is edging towards a hybrid system to make sure full message encryption, end-to-end, at relaxation and in transit, in order that even the Firm itself wouldn’t be capable of learn messages saved on the community and on the totally different distributed storage. For efficiency and end-user price optimization, all encrypted messages and attachments are saved in native hosts. The system itself might be deployed on {a partially} centralized database, and decentralized authentication will stand on a public ledger.
Search performance inside an e mail mailbox is vital to end-users. Nevertheless, indexing with out content material is tough. Subsequently, to herald a viable search characteristic, the staff needed to resolve what could be indexable. By default, solely the content material of the message might be encrypted, permitting the topic to stay unencrypted. For individuals who need full meta encryption, the consumer can decide to encrypt the topic, subsequently giving much less flexibility on the search characteristic. In any case, the sender and recipient(s) might be saved with one-sided encryption at relaxation. All information might be end-to-end encrypted in transit. Here’s a diagram as an example the totally different behaviors:
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Determine 4. MulaMail States
Monetizing Mula
The Mula platform is to be distributed on freemium/premium/enterprise variations. A small revenue is predicted from the latter two variations within the type of subscription funds.
Nevertheless, the blood of the general ecosystem is the motion of the MulaPay utility tokens, for which ZeU will accumulate fractional and frictional charges. Certification and audits ought to deliver extra revenue in addition to sure actions throughout the platform, like gaming and buying and selling of digital belongings.
Different Company Issues
ZeUPay, the augmented evolution of Prego Worldwide Group
The Firm is happy to report that integration planification with Prego Worldwide Group is properly underway. The businesses have established January 18, 2021, because the goal date to shut the acquisition and company integration inside ZeU’s new subsidiary, ZeUPay.
ZeUPay will deliver custodial and legacy banking help for the Mula Platform in addition to ZeU’s different DeFi and Gaming initiatives. It would provide default legacy KYC and AML protection for a collection of initiatives with out limiting the probabilities to deliver third-party augmented compliance choices for which the Firm is actively looking for business partnerships.
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Fig. 5 ZeUPay cell UI
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Fig.6 ZeUPay Knowledge & Cash Movement
Ronald Eriksen, CEO of Prego Worldwide Group acknowledged: “(…)Prego`s staff has been devoted, each from a administration and technical angle, to arrange the mixing of our enterprise platform to ZeU (…) Now we have sturdy ambitions to supply alternatives for the built-in group to ship enticing services to any buyer within the markets we enter (…) Following this, we’re satisfied that ZeUPay will succeed and produce rising volumes and earnings, and in the long run it will give our shareholders a major return on their investments.”
ZeU Monetary State of affairs
Within the present fiscal quarter, the Firm has earned money revenues permitting it to cowl previous growth bills and invoices. It additionally expects to herald digital belongings that may be monetized to cowl steady growth. A part of these digital belongings is expounded to the Borealis DEX initiative with HTrust and HODLdex.
Core administration and administrators have suspended taking funds for his or her compensation since Q2. The Firm expects to cowl a few of these accrued liabilities with a share for debt providing priced at $0.25 earlier than the tip of the present 12 months. The Firm additionally expects to problem stock-options for key builders and administration. These choices are tentatively priced at $0.30.
Frank Dumas, ZeU’s CEO, commented: “(…) The staff has performed an astounding job of pulling collectively the assorted obligations and suggestions we’ve encountered and moulding it right into a viable product. At first, it felt insurmountable, however the staff persevered and created one thing past my expectation. (…) I totally endorsed the philosophical modifications for Mula. In the long run, it permits us to supply a stronger product to extra individuals, breaking us out of the ‘blockchain e mail’ area of interest and making us an actual competitor for sure main gamers within the business (…)”.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
Frank Dumas
President & CEO
About ZeU
ZeU is a forward-thinking Canadian know-how Company which has developed a state-of-the-art blockchain protocol, offering the inspiration for the next-generation of crypto networks. Because of its excessive stage of sophistication, ZeU’s know-how maximizes transparency, safety and scalability in addition to large information administration. ZeU’s technique is to monetize blockchain transactions in numerous sectors resembling cost, gaming, information and healthcare.
The Canadian Securities Alternate (CSE) has not reviewed and doesn’t settle for accountability for the adequacy or the accuracy of the contents of this launch.
