Launched in Sep 2018, Ultilegder describes itself as an open-source global self-financing blockchain protocol that obtains high-level consensus and co-governance from its communities.
Ultiledger aims to build an economic and financial ecosystem based on token 'ULT' to help any organization that needs to build trust at a low cost and construct a distributed financial book and accounting system with bank-grade security. It plans to offer zero-cost transaction settlement, improved security, privacy, efficiency, and capital availability through a combination of main chain and sub-chains.
Ultiledger HQ is based in Shanghai. As of Sep 2019, the Ultiledger main chain test is scheduled for Q3 of 2019. For more information, visit https://www.ultiledger.io/