Changes that Blockchain Technology Will Bring & UUNIO Market

● The birth of Bitcoin

Have you ever wondered what exactly blockchain is?

I assume most of you would think of the word “Bitcoin” when you try to answer this question.

Yes, You are on the right track!

Bitcoin is used in the P2P (Peer to peer) cryptocurrency exchange which is based on the blockchain technology.

Bitcoin was invented during 2008 Financial Crisis. The founder of Bitcoin, Nakamoto Satoshi, suggested that there should be no middleman or central institution for all kinds of monetary transaction. Soon after, many developers started to develop various type of cryptocurrencies. Two of the most well-knowns are Ethereum and Quantum.

The biggest difference between Bitcoin and Ethereum is that coding must be done through Smart Contract for Ethereum platforms. The advantage of smart contract is that it can be applied to many other fields.

● What is Blockchain?

The traditional way of recording a monetary transaction is through a central institution. It is believed that the central system is the safest way because of its high security and anti-hacking protection. On the other hand, the idea of blockchain is to share all the ledgers with public. Every single person can check and verify if a ledger is correct or has been manipulated.

Blockchain technology not only eliminates the security and middleman (aka central institution) fee, but also makes it possible to do transactions between individuals.

● Development of Blockchain

After Bitcoin got highly recognized as cryptocurrency, many other coins got developed rapidly. Developers are now focusing on applying blockchain technology on not just cryptocurrency, but also on other fields.

The tokenomics which is based on blockchain technology will soon change the current social media system. Tokenomics will be able to stop all the transaction fee which current sns platforms ars taking away from their users.

Moreover, we will make a brand new platform where users can earn profits by selling their content creations within UUNIO ecosystem.

Currently, developers are trying to apply blockchain technology to many kinds of industry, such as VR, AR, Automobile Insurance, Real Estate, Health Insurance, SNS, Marketplace, Gaming.

Many businesses that believe in 4th industrial revolution and are positive about how blockchain technology can make a big change in future.

• What about combing blockchain technology with healthcare service?
  A patient’s health check history, examination records, and prescription information can now be recorded on blockchain, and they cannot be modified by malicious intention. As a result, this makes a patient’s health record more transparent and cannot be lost.

• What about combing blockchain technology with IoT (Internet of Things)?
  In an event of an accident, a patient’s health status can be delivered to the hospital through blockchain before he or she arrives. This allows doctors to determine the treatment or any surgery procedure, and saves precious time in saving life.

• In addition, blockchain can be used to protect copyrights, and be used in music and content market. Content creators can upload their creation and sell it at no charge.
  

● The marketplace that UUNIO is creating!

UUNIO is developing the very first blockchain-based marketplace platform along with the existing SNS capabilities.

Users (including Creator and Curator) can trade their content at no charge on UUNIO.

UUNIO just concluded its third partnership with ReviewRepublic a few days ago. ReviewRepublic will adapt UNIFul Chain, and become one of our dApps.

UUNIO starts embedding its dApp function from Reviewing system, and then to Webtoon, Social, Video, Music, Entertainment, News site. Our goal is to make content creating market a more fair and transparent environment. Moreover, a place for users to make money!

When you examine the sound source market in Korea, you’ll notice that the producers get very low profit and have very poor copyright protection.

If you were a song writer, don’t you think this is very unfair?

Current sound source sites, streaming sites, and other SNS sites charge 40% fee from their users.

However, Tokenomics will not let this happen.

UUNIO’s Tokenomics will re-distribute the revenue from the advertisers back to UUNIO’s users.

UUNIO is a user centered, blockchain-based, fair and transparent content marketplace.

Thanks for reading !
I’ll see you next time :)

Learn more about UUNIO and our ICO at the links below.
Website: https://www.uun.io
Telegram(Eng): https://t.me/uunio_official
Medium: https://medium.com/@uunio
Facebook: https://facebook.com/UUNIO-International-596472510690740