GENERAL SCOPE
Companies like the Airbub and Uber to mention a few, which adopts the pattern of exchange access on various services they render are known to often exhibit a connected P2P operation. However, this type of economic style according to a Roland Berger report is known to have recorded massive growth of up to about $520 billion USD as at the year 2018, but this tremendous growth hasn't prevented it from the issues it is faced with; like the trust issues, high cost of their transactions and poor data storage system. It is to this end that UChain network emerged, so it can tackle all these centralized system issues and provide an absolutely free peer-2-peer network.
INSIGHT INTO UCHAIN
The designation of Uchain is such that it is mainly for use by the global sharing economy. This system however seeks to create a global community whereby all its user will be free to share and publish all manner of contents without middlemen services. With its highly autonomous structure, all merchants as well as users, will be able to exchange values while being empowered.
THE SOLUTION IT BRINGS
Since technology is cutting across all spheres for improvement, it also touches the sharing economy business model in such a way that it establishes a P2P network that is very transparent and secured. Furthermore, this network aims to change the way many enterprises are managed, in addition to changing the behavioral relationship of customers. With these, more people will be able to partake of the goodness of UChain and its autonomous community. More so, the high transaction cost issue will be rectified as Uchain will be reducing the overall transaction fee by 20% during all P2P transactions between the service providers and users in the decentralized network that it will create. Whenever a user subscribe to a service, the Uchain's token will be used to ensure smooth transaction. More to this, the project will ensure the perfection and smooth running of all the transactions, by controlling them using a hosting technology and a unique digitalised smart contract . This will drastically lower the risks and high cost that is always affiliated with the old system of payment in the existing platform.
CONCLUSION
The distributed storage scheme that will be provided by Uchain will enable data to be shredded, encrypted and distributed on separate nodes thus making retrieval difficult. Data will be highly secured and its information will not be exposed even if one of the nodes is attacked or destroyed. High transaction speed will be enjoyed by users of Uchain in addition to an effective transfer of informations between the nodes within a short period of time. The overall supply of the token will be known towards the end of the ICO, and there would be a private sale of about 33, 000 Ethereum of the token with a 50% bonus. There would also be a public presale of 2,000 ETH with 15% bonus which will last up to three months.
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The Team
Uchain has put together a force of knowledgeable individuals who has the drive for success.
To learn more about Uchain, kindly visit;
Website: https://uchain.world
Whitepaper: https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf
Blog: https://medium.com/@uchain
Twitter: https://twitter.com/UChainEcosystem
Telegram: https://t.me/UchainEcosystem
Author: Fumberry
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1819776
Pretty interesting . There are similar projects out there offering the same model . E.g., Usechain . How is this an edge over such projects ?
Uchain is a better alternative because it ensures scalability and high performance.
Interesting project, high trasaction speed has always been an issue in the crypto space, am really looking forward to this project
Traders suffer from transaction charges in some of this cryptocurrencies, I hope uchain will be able to cut down charges for its participants to at least make some profit from investing?
Surely, transactions will be carried out at reduced rates
Most times its all talks with most of this Ico's , but with what i have read so far, this project seems to be different .I only hope they can live up to expectations?