UCHAIN

nurdin82 (25)in #uchain • 6 years ago

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The size of the global economic market share is expected to reach 520 billion US Dollar in 2018, according to Roland Berger's report (regarding the division economy). Along with this rapid growth of exstra, there are currently more problems to be exposed to such annoying ones:

Excessive transaction costs : Centralized platforms charge high commission fees for services matchmaking.
The issue of trust : There is no effective credit system that reflects both individual credit and organizational credit.
Data leakage and abuse : Centralized data storage mechanisms can easily cause data leakage and misused.

UChain is a public infrastructure blockchain network designed specifically for the global economy of sharing. Together with other economic sharing companies.

UChain aspires to build a decentralized world-wide ecosystem of economy where every user can exchange values and publish content freely without intermediaries Through UChain and a decentralized autonomous ecosystem, all users and merchants will be empowered.

UChain Solutions

Excessive Transaction Fee

UChain will build a decentralized Blockchain network. During the settlement of peer-to-peer transactions between users and service providers, intermediaries will be disconnected and we estimate to reduce transaction costs by nearly 20%.

During the transaction, UChain tokens will be used as transaction certificates when users subscribe or purchase services, such as booking a room. Users may need to freeze certain tokens as deposits, which will be released upon completion of the transaction. The entire transaction process will be handled by smart contracts and cross-chain hosting technology to ensure authenticity, legality, and compliance. With users and merchants using UCN to transact, we will be able to achieve real-time settlement and eliminate the risks and costs involved with regular payment methods on existing platforms.

User Credit Passport

UChain noted transaction activity on Blockchain, which is broadcast and stored by nodes in the network. Big distributed books are tamperproof with and fully tracked, creating a "chain of belief" decentralized and unbreakable.

In this "trust chain", UChain will establish an open credit passport mechanism for all sharing service providers. Storage tracks all participant behavior after the user's credit passport is verified by the service provider, they can use it as identity authentication and transact directly without having to pay a deposit. UChain will be integrated with a wide range of specialized economic enterprise sharing in the travel, travel, accommodation, knowledge, and education industries. In the near future, users can use it on various occasions for various services, bringing them a much smoother experience.

User Data Security

UChain records user and service data in Blockchain, such as identity information, property information, transaction records and reviews on different services. Instead of storing and accessing data from a centralized database, we store and extract data through a distributed storage scheme with a private key, which means that data can not be tampered with and can only be accessed by the owner. Users and providers must sign with their private key if they wish to revise their information, with all changes fully trackable.

With a distributed storage scheme, the data will be encrypted, separated, shredded and scattered across various nodes. The retrieval of any part of the data stored by the node will not be complete or readable. This ensures that if a single node is compromised, it does not reveal complete information. When UChain records data in Blockchain, it actually stores addresses where they can retrieve this data. UChain can modify the user's data access through smart contracts, just under user authorization. When users authorize merchants to access their data, authorization information such as access times and operating logs, along with a user's public key signature will be recorded on blockchain, making all actions traceable, eliminating the possibility of misuse of data.

UChain token benefits (UCN)

UChain will seek to bypass intermediaries by developing a peer-to-peer transaction network, providing return benefits to users and service providers. Furthermore, service providers can issue their own digital assets, tokenizing their own sharing services. In addition to acting as the main currency in circulation for any transactions occurring in the UChain Ecosystem, UCN may also be used as a base unit in exchange for other tokens issued by service providers who decide to build within the ecosystem.

Any DApps built on UChain can issue their own tokens and develop their ecosystem. For example, U Parking, a strategic partner, can build its own DAP with our infrastructure, Blockchain, and various API services provided. In addition to developing their own DAP, they can also issue their own tokens in return for UCN from their services users. U-Parking may use any UCN obtained from the sale of its tokens to pay for API services provided by UChain. Users can use the original token to pay for the sharing of parking services provided by U-Parking with exclusive offers. U-Parking can also build a sub-ecosystem where users can participate in and have this token as by donating their idle parking space.The more sub-ecosystems issue their own tokens, UChain will also build DEX (decentralized exchange) to provide liquidity options for this token.

Through UChain, users can easily share, pay, and complete sharing services. UChain also encourages users and service providers to contribute their idle resources to the ecosystem to get more awards and community interactions.

Details of token and ICO

TOKEN SALE: PERIOD NOT REGULATED

Ticker: UCN
Token Type: ERC20
ICO Token Price: 1 UCN = 0,0932 USD (0.00020000 ETH)
Fundraising Objectives: 19,600,000 USD (42,000 ETH)
Available for Token Sale: 40%
Whitelist: YES (10 JUNE - JUNE 16, JOIN)
Know Your Customer (KYC): YES (PERIOD NOT REGULATED)
Сan't participating: CHINA, USA
Min / Max Personal Cap: 2 ETH 24 HOURS FIRST, 0,5 ETH AFTER / 2 ETH 24 HOURS FIRST, 5 ETH AFTER
Token Problem: ONE MONTH AFTER CROWDSALE DONE
Accept: ETH