Usechain is the blockchain of the new generation, which sets itself the task to solve the main problems associated with almost all blockchain-platform at the moment, namely: low transaction speed, high commissions, weak applicability in real spheres Life and economy. 

Recall the basic technological characteristics of the platform:

• The principle of mirror identity is the basis of usechain, the essence of which is that it is possible to verify the information about the user, while leaving his personal data in complete safety;
• This system is based on the so-called «zero-knoweledge proof» algorithm; 

• RPOW consensus algorithm (randomized proof-of-work).  The essence of this algorithm is that for each miner the complexity of calculating the block will be different, that is, the resulting complexity will vary from one node of the network to another, and will have a random character. Such a system will significantly reduce the need for electricity, as well as increase the speed of generating the unit more than 100 times compared to the traditional PoW;
• The system will use the popular concept of sharding today, that is, splitting the whole chain into some fragments, shards, which allow to significantly increase the throughput of blockchain, as well as its scalability;
• Finally, the Usechain will apply concepts such as sub-chains and cross-chain transactions.

More details on technical component of the project can be found in technical paper.

Project Management and Team

Head

Huining Cao is a SEO specialist in company. is a specialist in finance, Professor, is an MBA teacher at CKGSB School of Finance. He graduated from the University of California and the famous Yale University. Author of many studies and publications in the field of finance. At the moment it is focused on work on Usechain, attends many conferences, constantly holds questions and answers sessions.

Team

Baohong Sun is a co-founder of the platform, has competence in the field of marketing, project management, Big data, specialist in consumer behavior and E-commerce.  She graduated from the University of Southern California, held positions at the universities of Southern California, Northern California, was a marketing teacher at Carnegie School, and also in the CKGSB Business School, as well as wing Cao.

Shengli Zhang is a leading researcher of the platform, held scientific positions in Stanford University, as well as at Shenzhenskom University in China. Has competences in the field of science, statistics, algorithms of research, data analysis. 

Feng Zhang is a CFO, held the position of investment director in funds, worked with leading world banks, such as Citigroup and Morgan Stanley. Graduated from the University of California and has advanced financial competencies.

Erik XU occupies the position of COO, was the founder, and also Vice-president in some technological Chinese companies.

Andy Z. is a technical director, held the same position, as well as the position of the developer in many Chinese companies. The experience of Huawei is particularly noteworthy. Has a strong programming competency, especially in languages such as Java and Python, and has advanced competencies from the technology side of blockchain.

Neil Zhao is the product director.

Amanda Shen is a director of marketing, in the portfolio I can note the work at Fedex as a manager of strategic marketing. The team has an incredible Intellectual potential, but there is a lack of practical business activities.

Market Size

Usechain is already on a small market, occupying at the moment the volume in not less than 250 billion dollars. The next 3-5 years is expected to be a multiple growth of this market, moderate estimates predict growth of 10-15 times, the most optimistic analysts believe that the market can grow by 50-70 times during this period of time.

Product

Product Development Stage

At the moment is under development, the release of the main network is scheduled for the 4th quarter of 2018.

Product attractiveness for customers

In my opinion, the high attractiveness of the product for customers is obvious.  The main goal of the project is to make blockchain applicable in the real spheres of human life.  In such spheres as insurance, crediting, other kinds of monetary and financial relations it is impossible to carry out operations at complete anonymity of both parties, therefore in part this point, as the command correctly marks, it is necessary to donate. However, at the same time, the platform team offers an excellent solution to the problem in the form of Zero-knoweledge proof algorithm. 

Such a platform could be adopted by both major financial institutions and national governments. 

Ability to copy a product

Certainly, the project develops in open-source field, however during its development the complicated technological stack is involved, that makes its copying both long, and expensive, and in the end, meaningless.

Competitive environment

The platform enters the environment with severe competition. By and large, the sphere has not been formed yet, normally working platform is not yet, it gives both great opportunities and difficulties in the form of many competitors who also want to occupy this niche.  A little over a month ago the main network of the EOS platform was released. It is planned to launch Zilliqa in autumn. More recently, such aggressive platforms as Seele and Quarkchain came to the stock exchange. However, it should be noted that in the future there will be no such situation, when one platform occupies a monopoly position in the market, each project will occupy its own, certain sphere, will specialize on some things. In this perspective, I am impressed by the usechain approach, which aims to be used in the real world and not as a platform for, for example, countless ICO's.

Quality of competitors products

The situation here is not uniform. If we consider, for example, EOS or the same Ethereum, it is working projects, though and with the shortcomings, but working.  However, the rest of the projects, which I have voiced in the previous paragraph, exist only on the pages of their white papers, this fact gives good opportunities to Usechain for competitive struggle.

Comparison with competitors

Other factors

Tokenomiks

The hard-cap project will make 30.3 million $, the price for 1 UST will be $0.0060.

To evaluate the prospects of the platform capitalisation growth, compare it with the projects already trading on the exchange:

• Ethereum: Current capitalization: 47.7 billion $, Maximum – 137.7 billion $;
• EOS: Current capitalization: 7.2 billion $, Maximum – 17.6 billion $;
• Zilliqa: Current capitalization: 570 million $, Maximum – 1.68 billion $;
• Quarkchain: Current capitalization: 28.9 million $, Maximum – 115 million $;
• Pchain: Current capitalization: 22.64 million $, maximum – 93.3 million $.

At the moment blockchain-platform provides the greatest potential for growth, and Usechain here is no exception.

Road Map 

The team of the project will be busy 2018, culminating in the release of the main network in the fourth quarter. The main events of 2019 will be the development of the Usechain ecosystem by developing an increasing number of decentralized applications on this platform, as well as launching a decentralized exchange. 

Total

Usechain to serious the struggle for its niche in this market, but there are several factors behind the platform: imprisonment for use in the real world, particularly in the financial sector, the use of a serious technological stack, a huge Potential of the team.

You can get acquainted with the project and follow its news by the following links:

Website, Telegram, Twitter, Facebook, White Paper. 

 My account on BitcoinTalk.