USECHAIN: IMPROVING THE LEVEL OF ADOPTION OF BLOCKCHAIN

aaabossbaby (29)in #blockchain • 6 years ago (edited)

The intetnet from onset, has an indispensable global model which has been adopted into various issues of life. People now gond it easier to do a lot of things with it. Along the line, new technologies are being incepted, one of such is the blockchain technology with cryptocurrency. The birth of this has brought about a great turn around in the global system; most especially the economy system. This technology was developed with a lot of great potentials but which it is to some extent being limited by some challenges like inadequate security, high energy barrier, low performance etc.

One of the issues facing the internet oriented businesses and services is 'identity'. That may sound bogus, but it's real; issues are rising everyday in getting the real identity of a business character or businesses getting the real identity of their customers. This has led to hacking or fraudulent cases.

However, all the above mentioned flaws shouldn't remain like that, there ought to be solutions and that is why Usechain has come into inception.

GET TO KNOW ABOUT USECHAIN

Usechain is a blockchain driven platform having the perception of remoulding the blockchain technology, making it more efficient and adoptable into a the real world experiences. It also has the intension of solving the ongoing issues with identity by developing a mirror identity platform which has never being; thereby making it the First Mirror Identity platform.

HOW USECHAIN WORKS

Mirror is a well known object which operates with a very high level of transparency; any object place before it appears exactly as it is. Usechain blockchain mirror identity system works based on this principle. It brings about transparency, security, scalability and decentralization in transactions. It is a system which can take note of users without giving room to any fraudulent activities.

It comprises of various sectors and business models. It is made up of an enhanced Know Your Customers (KYC) system for various business scenarios.

USECHAIN INCREASING THE ADOPTION OF BLOCKCHAIN

Blockchain and cryptocurrency have become limited in their adoption by the public due to some flaws occurring in the system. But Usechain is eradicating these flaws, hence improving the adoption and utilization by giving the following solutions:

➢ Making available millions of Dapps which serves various purposes in order to make experiences with the blockchain more interesting and efficient.
➢ Improving the security of data by making use of the Randomized Proof of Work (RPOW), enhanced smart contract, zero proof , and multilevel encryption.
➢ Enhancing the level of decentralization of the blockchain technology and its application.
➢ Increasing the evel of performance and scalability by offering a transaction management system that is identity based, having low technical barrier and which is adoptable into different businesses.
➢ Mapping a lot of people, businesses, and assets to blockchain through identity mapping with a great reduction in cost of transaction.
➢ Offers a decentralized exchange system ( DEX).

TOKEN SYSTEM
The platform has a principal token used on the platform, that is UST token. It is ethereum based, existing in the form ERC20.
In conclusion, a new epoch of reformation in the blockchain and cryptocurrency utilization system has been unlocked via Usechain.