Usechain : ICO REVIEW “Usechain To Become World’s First-ever Self-sovereign Identity Blockchain”

UseChain UST Token ICO Details
Token symbol: UST
Token sale date: 05/06/2018- 06/16/2018
Accepted payment method: BTC and ETH
Total token supply: 20000000000
ICO: 9000000000
OVERVIEW:
Usechain is dedicated to developing the first mirror identity blockchain ecosystem. Based on existing technologies in blockchain, Usechain becomes the first public blockchain to be built on Mirror Identity Protocol and integrated with multi-level innovations in technology and structure design，which can be used to break the bottlenecks in the development process of blockchain，provide infrastructure of technology for the virtual and parallel world in the future，build an identity blockchain system built on a new technical structure，develop more widely used Dapps and provide underlying technical support for the application explorations in finance，consumption，entertainment，socialnetworking，games，IoT，supply chain management,asset management and social management and add more value to identity by allowing people to be connected to the financial service provided by Wallstreet in an easy，convenient and instant way.

Under the precondition of same security level for privacy between identity blockchain and anonymous public blockchain，Usechain can provide infrastructure with support for Dapps applied in various industries by MIP and the separation of identity and identity verification based on zero-knowledge proof. At the same time, through multi-level innovations in technology and structure design, Usechain can solve the Impossible Trinity from the new dimension of identity and reach a perfect balance among scale, security and decentralization. With support in academic and commercial resources from top business schools, Usechain will work together with established companies from various industries to attract massive users and boost the fast development of Usechain ecosystem.

Introduce a brand-new consensus mechanism, Randomized Proof of Work to perfectly balance high performance and strong security, and apply multi-level authentication and encryption mechanism, Zero Proof, Identity Virtual Machine (IVM), Identity Network Sharding (INS), Identity Transaction Sharding (ITS), Enhanced Smart Contract, and other innovative technologies to create a new generation of Blockchain, leading Blockchain 3.0.

figure shows how Usechain mirror security works
As the first identity mirror blockchain ecosystem, Usechain will continually build the platform and input high-quality resources based on solid technology foundation and commercial and academic support from top business schools, at the same time, Usechain will promote the development and iteration of commercial projects together with leading commerce and application platforms in various industries, gradually form a blockchain economy system to improve industry efficiency. To accelerate the development of Usechain ecosystem and lead the industry into blockchain 3.0, we will work with community.

Team & Advisors
So this looks like a well thought and massive project. But who are the people behind it? Again I will quote the texts directly from their website.

Team
HENRY CAO — CEO & Founder

He is the founder and CEO, a finance professor at Cheung Kong graduate School of Business, founder of the first finance MBA program in China. He was 13 years old when he was admitted into the USTC gifted class, I taught at the University of California at Berkeley.

BAOHONG SUN — CSO & Co-Founder

She is a co-founder, CMO and marketing professor at Cheung Kong graduate School of Business, Dean’s Distinguished Chair professor of market, Associate Dean Chaired professor at Tepper Buisness school, editorial board member of marketing science.

SHENGLI ZHANG — Chief Sciencist

He is the chief scientist and senior blockchain specialist, wireless network technologist, presenter of physical Layer Network coding, professor of Shenzhen university, senior member of China electronics society and a holder of 3 national invention patents of blockchain, USTC BS and MS CUHK PhD.

FENG ZHANG — Senior Financial Specialist

He is the senior financial advisor, an expert in thousand talents with about 30 years of experience in QIHF globally, MD of Asset management department of CitiGroup/ Morgan Stanley

ERIK XU — (COO)

He has about 10 years of experience in internet and information security industry in general management and marketing. He is a serial Entrepreneur, Head of information security project at national information security Engineering centre, member of national information security.

ANDY ZHOU — (CTO)

He is the technical director of Beijing United Electronics Co, Serial Entrepreneur in IFLYTEK, Huawei, technical director in Chukong technology, deep understanding of big data, artificial intelligence and distributed system, Double a bachelor’s degree from University of science and technology of China (USTC) and MS from Chinese Academy of sciences (CAS)

LIN ZHAO — (CPO)

He has about 10 years of experience in internet and new retail industry, experienced in platform building for horizontal e-commerce E co-friendly product and service specialist.

AMANDA SHEN — (CMO)

She is the public Relation and marketing experience for 12 years, marketing strategy manager of FedEx China

Advisors
LUCAS LU — Advisor

He is the senior advisor, senior expert of blockchain, founder and CEO of 5miles and cybermiles (CMT), the first general manager of Mobile Taobao, China university of science and technology BS, SMU PhD

YIN CAO — Advisor

He started his research and promotion of blockchain application in 2015 and was among the first to propose the concept of Energy internet in China. He is a co-founder of the first energy blockchain Lab in the world, major member of the technical working group China of Hyperledger project

PARTNERS:Usechain already has partnership agreements with the biggest names in the Blockchain market: Yahoo Finance, Albany Business Review, Cision, Market Watch, Yam and others:

ROADMAP:
Q2 2018 :Develop privacy protection system.
Form core community and achieve 50000+ people.

Q3 2018 :Develop software-based RPOW consensus algorithm.
Develop enhanced smart contracts.
Develop TPOS consensus algorithm.
Launch beta version of main chain.
Achieve 100000+ people in the community.
Launch the first DApp.

Q4 2018: Set up sub-chain structure.
Develop cross sub-chain communication.
Build Usechain eco-fund to accelerate ecosystem development.
Develop multi-industry vertical community.

2019: AI system of address behavior analysis.
Develop tokenized multi-node system.
Develop hardware-based RPOW consensus algorithm.
More multi-industry identity-based DApps.
Launch decentralized exchange.

SELLING POINTS

-The World’s First Mirror Identity Blockchain.
-They have a strong team, with well-experienced advisors.
-The Identity threats is one of the fastest growing scenes in tech and it is far from being saturated.
-Usechain use case is extensive. It cuts across Identity and Security industries.

CONCERNS
No ICO date yet.

CONCLUSION
This sounds like a very interesting project to watch. If they can pull this off then USECHAIN will be a huge player in the blockchain atmosphere. Iuse them luck.

Important link:

Website：https://www.usechain.net/

White Paper: http://www.usechain.net/usechain_en.pdf

Technical White Paper: http://www.usechain.net/usechain_tech_cn.pdf

Facebook：https://www.facebook.com/UsechainFoundation/

Twitter：https://twitter.com/usechain

Github: https://github.com/usechain

Reddit：https://www.reddit.com/user/Usechain

Linkdin: https://www.linkedin.com/company/usechain/

Medium: https://medium.com/usechain

Telegram group: https://t.me/usechaingroup

Telegram channel: https://t.me/usechain

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