Review on Usechain Blockchain system

In a bid to create a system that will help to eliminate most of the hindrances that has contributed to the partial success of the blockchain industry,the usechain foundation, an organization whose main objective is not profitmaking but rather to develop a system that is trustworthy safe and trustworthy to users in the blockchain ecosystem, developed the ueschain platform.

In the past, blockchain industry though has made some significant amount of progress but has been limited in its rate of growth by bottlenecks in the industry that has affected its efficiency, technicality and scalability of the industry which has limited the application of the blockchain industry only to trading and exchange.
Although the blockchain industry, even with the existence of these hindrances has also tried to make significant progresses but potential value of the blockchain market has not yet been fully arrived at. But with the introduction of the bitcoin, the blockchain industry have recorded a significant boast in terms of market value and investment. After this achievement, the blockchain industry also made a tremedeous breakthrough, with the coming to limelite of the Ethereum. With the ethereum platform, the blockchain has been put in the right pedestal and pathway to reaching its goal and objective.
Although the bitcoin and ethereum existence has help drive the blockchain industry to a place where achieving its aim and objective is at arm’s length, there is still something lacking which was the platform which provide a medium of exchange and can be incorporated into the day-to-day activities of the blockchain industry stakeholders including users and the general public. In this regard the usechain ecosystem was initiated.
With the help of the usechain platform in collaboration with other organization such as academic establishment, an identity base application platform has been created which will have the best application procedures and can accommodate large users. Usechain plays a very important and crucial role in rendering services involving financies, media, social management and other services. Usechain has developed an authentication mechanism which helps in the location and identity authentication and authorization thereby creating a backlog of behavioural data of users. The usechain platform made the process of value transmission and distribution an effective and efficient process. This is seen in the allocation of rights and interest to individuals according to investments and assets. It also allows for the operation in other cryptocuurencies possible in its ecosystem.

With usechain, users have the advantage of making payments with cryptocurrencies accumulated in the wallets. These transaction has been made transparent with the elimination of the middlemen from the system. Usechain has also created its own token named UST token. The usechain token (UST) which is used as a promotional strategy by limiting the acceptance of the UST token.

Usechain community has also helped student in several ways. One of such way is by creating a platform where student can apply and receive interest-free loans thereby helping students to pursue their academic dreams.
With the creation of the UST token which will in the future transit into the usechain UST coin, Community developers and supporters can then be rewarded for the development of the ecosystem. With the allocation and distribution of the token, funds realized are used for the development of the operations of the usechain in terms of marketing cost and other areas of great concern and importance to the organization.

Apart from the tuition fund that the platform will help students to acquire, the usechain platform will also be engaged in other ways of rendering services to the users of the platform ranging from trading, payment for goods and services, insurance, decentralizing exchange, gaming industry, market forecast. When we talk about decentralizing exchange for example, some platform acting as intermediaries in business transactions can be manipulated to suit their own interest by increasing transaction cost thereby making more profit at the expense of those who use the platform to carry out their business dealings. But with help of the usechain platform this phenomenom will be greatly reduced in the sense that a more decentralized exchange which will focus more on the efficiency, security and interest of the platform users thereby giving them greater sense of satisfaction and also making business dealing in the platform cost effective.