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Uchain is a decentralized global sharing platform meant to empower users worldwide to access a sharing marketplace in which owners and users interact without third parties. It is a blockchain based system that aspires to decentralize the global sharing economy, making it accessible to people in different parts of the world. On the network, owners of idle resources could benefit by sharing them with those in need of them through a system that easily monetizes them and ensures that the owners are appropriately compensated.
These resources are shared through a decentralized platform that enables interaction at a peer-to-peer level thereby ensuring that communication is clear and the needs are appropriately met thereby eliminating the shortcomings of the centralized sharing marketplace. This is backed by a smart contract making it unchangeable.

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Token Sale Completed - Raising 35,000 Ethereum

Forward Looking Developmental Roadmap

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Some of the shortcomings of the current system stem from its centralized setting. The sharing of resources is controlled through a central infrastructure. This is why the users have little control over some decision making mechanisms and policies of the companies involved in the services.
Current sharing services are expensive. The cost of these services is due to the fact that entities behind them make their profit through commission deductible from the fees paid by the users. Some companies that have acquired substantial market share exploit users by limiting their services in order to charge higher fees. Banking fees also add up to make centralized services more expensive than it would otherwise be.
Centralized platforms that offer sharing services have no technical solution that solves the trust problem. This is why they mostly act as escrows or demand certain security to ensure that parties comply with agreements. This increases the financial risks of the parties involved since the companies act in a way to vouch for the parties involved.
There is the risk of security breach that could result in the loss or theft of data. Centralized storage systems can be hacked resulting in data being compromised or falling into wrong hands.

Uchain Solution

The Uchain platform will use smart contracts based on the blockchain technology to ensure authenticity, legality and compliance. The use of the Uchain token as a certificate will remarkably reduce the cost of sharing on the platform. This cost reduction is projected to be up to 20 percent of what is currently obtainable in the industry.
The Uchain token is used as a certificate for transaction on the Uchain blockchain. A fraction of this token is frozen to ensure compliance and protect users of the platform. Its strength is that being run on blockchain ensures that data cannot be compromised due to the tamper proof nature of the distributed ledger technology.
The autonomous nature of the platform makes users directly responsible to the peer they are dealing with in the smart contract and not a third party thereby saving cost while their data is protected by the blockchain.
The Uchain will enable other service providers in the Sharing economy to build dApps on its open platform. These will utilize the Uchain token thereby reducing the cost of their services on a secure network.

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Additional Investing Information

Website: https://uchain.world/

1 page pitch: https://uchain.world/css/img/pdf/onepager-a7836e0f88.pdf
Whitepaper: https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf

Twitter: https://twitter.com/UChainEcosystem
Reddit: https://www.reddit.com/r/UChain/
Medium Blog: https://medium.com/uchain
Telegram Invite: https://t.me/UchainEcosystem

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Article written by @justiceforall

Bitcointalk user: Mr.Ease
User link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xEa67d5856b48925972a9f3d6D9b923593B8B16a6

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