Usechain: Pioneering Self-Sovereign Identity On The Blockchain For The Open Market

Introduction

The myriads of problems that face the blockchain industry and hinders it from experiencing notable growth includes but not limited to identity, infrastructure and absence of interconnectivity between users on the platform.

These problems have reduced the effectiveness and usefulness of most blockchain platforms as a powerful tool for developing applications for the diverse fields of human endeavors. It is in the light of finding solution to this bottleneck that Usechain Platform is introduced.

Usechain is set to be the first blockchain company to build a network by starting with or that begins by viewing blockchain facilities. The developers hope that this will cause transaction verification to satisfy the infrastructure needs for general market applications. They equally hoped that it will reduce the cost of deploying smart contracts and makes them to be more flexible and efficient.

Empowered to process large-scale transactions to meet up with several needs from many users, Usechain can run a lot of commercial and social applications concurrently on the platform.

Usechain Framework and Design

Usechain is made up of certain unique and integrated parts that make it to function as one big hub. The components protocol and central structure usually form the basis of any typical public blockchain.

To achieve the intentions and goal set by the Usechain development team, and to make the transaction more efficient for more acceptability in the open market, Usechain platform features an intuitive solution to blockchain. It leverages on mirror identity that includes innovations in security and performance of the software.

All through the network, data, consensus, incentive and smart contract layers, the innovations employed are subtly incorporated in such a manner that each of these levels can execute a specified quantity of applications.

Besides, the Usechain platform is structured into layers so that it can meet the specific need of many applications and provides the grounds for individuals and companies, enabling them to easily and securely process many application and business ideas at a reduced cost.

Usechain features the best hands in blockchain technology and plans to work collaboratively with colleagues and other experts from other parts of the world to build the very first powerful mirror identity blockchain.

Usechain Community
The Usechain platform comprises of the following participants:

Users

Usechain makes it easy for individuals, resources, things and objects can use the verification mechanism and service applications that it offers to conclude the address mapping and identity checking. The platform aids in ensuring and maintaining users right that can increase the worth of the identity by regularly delivering transparent and clear behavioral details.

Applicants

Sanctioning identity verification for others with regards to their identity certification can be done by individuals and companies. This can accelerate the pace of developing Usechain platform. Notwithstanding, Service companies will have the opportunity to develop personal associated business application to expand their businesses with regards to the structure and mechanism of Usechain.

Technology

One of the most important actors in the Usechain platform are the technology participants, as such, they are totally concerned with the architectural framing, the development and use of protocols.
This class of participants in the Usechain platform helps the organizational work to go along with technology and continuously improve the ability to conform to the primary public chain, network region and application and protocol levels through the platform.

Usechain Token

Officially, Usechain plans to launch a token called UST which will be the operational currency for executing all tasks and rewarding every contributors in the ecosystem. Similarly, participants who promotes the development of Usechain will be compensated through this UST token. It will allow members to use blockchain.

Presently, UST ranks among the ERC20-based token structured to ensure that all participants contributes to the growth of the ecosystem. It supports active involvement from a larger number of members across the Ethereum platform.

With the passage of time, the ERC20 UST tokens will be converted to Usechain UST coins when the main net goals can effectively enlist the interest of all actors.

Token Information And Distribution

Conclusion

A blockchain-powered ICO platform that aim to improve the effectiveness of the blockchain world, Usechain is one if the most intuitive platforms around.

To achieve this aim, it presents a transaction management and support system that is functional, identity-based and with fewer technical issues that is adaptable to the public market.

Team Members And Advisors

For more information here are some useful links

Website
http://www.usechain.net/

Whitepaper
http://www.usechain.net/usechain_en.pdf

ANN Thread
https://bitcointalk.org/index.php?topic=3432061.0

Telegram
https://t.me/usechaingroup

Written by Ebykamsiokoro

Telegram name: EbyDbride

BTT profile link
https://bitcointalk.org/index.php?action=profile;u=2047938;sa=summary