UCHAIN – Changing the face of the sharing economy world through blockchain technology.

The current market infrastructure surrounding the sharing economy world's one that is often unfairly weighted toward big monolithic and traditional companies. These companies have the finance to be able to increase and eliminate competition through their monolithic status, which can mean that smaller companies are often left out of the playing field. Some of the main sharing economy companies include Airbnb, TaskRabbit, Quora and Medicast amongst others, and these cover a gamut of different sectors, from accommodation through to medical services. Historically, the main problems facing these traditional based platforms os just that – being traditionalized means they are often stuck in the centralized platform forum, and thus have the shortcomings associated with being centralized.

Uchain aims to solve all of these issues and more with its transparent, simplified and most importantly, decentralized platform. Utilising the very essence of a peer to peer network platform, they are offering a highly secure, fully autonomous ecosystem, wherein all can access, and all business can participate. Through the use of Peer-to-peer transactions, third-party involvement will eliminate and thus reduce the fees that are traditionally encountered by participants. The token that Uchain offers will be used as the certificate to validate the transaction, as with all blockchain technology, which in turn offers up the smart contract facility, ensuring that there is an authentic legal transaction, that will also eliminate the risk that users often encounter with traditional transactions of this like, such as fraud, hacking or false selling. The fact that this all occurs within in real time also ensures that users and sellers will always get the best price at the exact moment for their product.

Uchain calls their transaction record process the ‘CHAIN OF TRUST’ and indeed, looking at what they propose one can see that this is indeed a truthful statement. This system will integrate seamlessly with all systems and allow users of the ecosystem to be able to experience simplified and seamless transaction processes. The use of the Uchain token also ensures that the user can experience and utilised fully the new and active sharing economy-ecology that is now available through the introduction of cryptocurrencies and the blockchain era.

Each community within the Uchain platform can also benefit and increase their effectiveness through the blockchain technology that the platform offers. Then each user can build what Uchain term as ‘sub-ecosystems’, strategic blockchain infrastructures that will enhance and improve the service that the company offers. Obviously as these increase, and the ecosystems increase, Uchain will also offer a decentralized exchange, which will provide liquidity, and the ability to offer options for the tokens used with the platform and the decentralized exchange (DEX).

Put simply – Uchain operates within a structure that is divided into four – Core blockchain layer, API/SDK Layer, Service Layer and Application Layer. Through the technology that Uchain operates on, they will offer up the fastest processed information sharing, and the safest, secure sharing capabilities, as provided by the blockchain technology. The very fact that the system is offering a fully comprehensive and cohesive platform that offers peer to peer decentralized distributed storage protocol, ensuring that data is fully and comprehensively shared and available without being limited by centralized capabilities, means that this is definitely a protocol to watch. The very algorithms that the platform uses, the Kademlia DHT algorithm is one that will ensure that each and every single piece of data is safe and secure, even if the words happened and the system was attacked by hackers. The RPCA algorithm that Uchain utilities for their ‘consensus mechanism’ is one that regenerates every few seconds, and so comprehensively creates a unique algorithm through the whole network. This is exciting to see, as the level of protection that this offer is excellent.

The whole ecosystem that uchain offers are comprehensively and well throughout. The onus is set on supporting the needs of all, as opposed to the needs of the few, thus making this protocol a super effective ecosystem and one that will revolutionise the sharing data ecosystem and ecology as it stands today. Through the increase of more viable data sharing ecosystems, Uchain will help revolutionise the way in which data is shared, meaning that all who utilise this protocol will reap the benefits provided from the decentralized notion of business. The speed and effectiveness of data sharing will increase, thus reaping the rewards in cost and time effectiveness for business and users alike.

The UCN tokens will allow better account management, which is something that I personally, as a blockchain enthusiast, am glad to see. The sub-wallet system will allow for improved and more accurate data information sharing, and ultimately, the whole ecosystem will offer up a more effective and especially cost-effective way of data sharing through peer to peer protocols as a whole. Uchain really is revolutionizing the way in which data sharing exists. As the company itself already has many strategic partnerships, including ones with U.B group Holding and U-Bicycle, and these, in turn, have effective applications, which will be launched with the Uchain ecosystem.

I for one am excited to watch this ecosystem grow and flourish. There are big things in the future of Uchain, especially as their ecosystem is one that is so incredibly viable. I would highly recommend this protocol as one to most definitely watch, and indeed, invest in. Uchain is the face of peer-to-peer data sharing in our new blockchain based crypto-verse.

Uchain Website: https://uchain.world/
Uchain Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4631038.0
Uchain Bitcointalk Bounty: https://bitcointalk.org/index.php?topic=4587074.0
Uchain Whitepaper: https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf
Uchain Telegram: https://t.me/UchainEcosystem
Uchain Twitter: https://twitter.com/uchainecosystem
Uchain Reddit: https://www.reddit.com/r/UChain/
Uchain Medium: https://medium.com/@uchain

Article was written by frankiemalton

Bitcointalk username:frankiemalton
User link:https://bitcointalk.org/index.php?action=profile;u=1989629
Ethereum Address: 0x7656CB6F30c05e9c136c1C0f1FE316125A653ed5

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