Existing problems in the financial sector

Crypto-currencies and decentralized technology of blockchain are becoming more popular in everyday life. Today, such systems provide a wonderful opportunity to solve different problems of the modern financial sphere. Every day the number of companies building their own commercial and economic platforms on blockchain for solving the global economic issues is growing.

To date, we can highlight the following topical issues in the real economy sector:

• high commissions for operations performed is one of the main issues of a centralized system;
• lack of trust - the modern economy, even through the introduction of technical means, has not been able to gain full trust from consumers of traditional financial services;
• leak of confidential data - many specialized financial services store customer data in centralized databases. If the server is disrupted, this information may be lost or stolen.
  The decentralized platform Uchain is designed to solve existing problems in traditional economic systems.

What is the real benefit of Uchain for business?

Uchain is a decentralized financial ecosystem that is designed to develop and launch projects in the sphere of trade in goods and rendering specialized services in the sector of the sharing economy based on the principle of joint consumption. The platform is designed to implement certain technical solutions, built on the basis of blockchain technology with the use of smart contracts. It is planned that within the created economic system, two different types tokens developed on the basis of a single standard ERC20 will be used - UCN (main) and UCP (additional).

Participants of the decentralized platform will get a wonderful opportunity not only to develop their own applications, but even to open full-fledged online trading platforms for the sale of goods and services. In fact, the Uchain project will be able to implement all the key principles of the sharing economy and even improve them through the use of blockchain technology. Platform users will be given equal rights and will be able to participate in every process.
The Uchain project is designed to solve another problem of traditional financial systems - the elimination of mistrust among the immediate participants on the transaction. The guarantor of a smart contract within the platform is its tokens. In the performance of any transaction, the fiat currencies are automatically converted into the internal coins of the system, and the transaction itself is already carried out in the tokens. This method allows to ensure the security and authenticity of transactions. For users, a credit passport will also be available, acting as the identity of the project participant. All confidential data is securely stored in its own decentralized system. At any time one can get information about the transactions carried out.

Conclusion

The Uchain project is of great interest. Much is said by the fact that the team collected 35,000 ETH before the ICO. They have already made a lot of noise with their U-bicycle project, which is in demand among millions of people around the world. A swanky project that is sure to have a great future. All that had to be done - is already done, now it remains to follow how the team will move only forward.

WEBSITE
BOUNTY THREAD

To get more information about the platform, see the WHITE PAPER

Social networks: TELEGRAM GROUP