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Ultrain bills itself as a high-performance decentralized blockchain platform. Ultrain aims to construct a sustainable commercial ecosystem that enables industrial applications. The team claims that Ultrain is able to solve the performance and scalability issues in traditional public blockchain platforms by providing a multifold increase in performance.

Founded by former tech leads from Alibaba and Ant Financial Blockchain, Ultrain's core team reportedly includes 40 developers from Alibaba, Ant Financial, Google, and Huawei. The team claims that its proprietary RPOS consensus algorithm, smart contract/developer framework, and customizable privacy solutions(zkp) makes Ultrain a cost-effective solution that offers customization and ease of use.

As of 15 Apr 2019, Ultrain released its main-net and aims to be the top commercial public-chain globally across multiple verticals such as supply chain, media, retail, and healthcare.