Usechain’s ecosystem features core participants that will propel the platform’s goals to the optimum. Usechain breeds transparency through its mirror-identity technology. Likewise, the consensus algorithm facilitates scalability of the project.
The ecosystem plays host to users, technology-inclined individuals and application developers. The focus here is the framework/architecture that fosters throughput on the platform.
Usechain’s architecture will be deployed to many scenarios. Top on the architecture is the user. Users are allowed usage of the platform in confirmation of profiles and address verification. Technology applicants are responsible for framework development and optimization of the platform for greater effect. Usechain supports DApps creation. Application participants are availed monopoly over this.
Use Cases
Usechain’s architecture will be made available in many cases. These use cases will be fine-tuned with Usechain’s mirror identity.
Supporting IoT
Evolution in the online space has greatly improved our lives. Usechain will deploy its services to this end. The Internet of Things is the order of the day today on the cyber space. This service comes with its device. As posited by analysts, IoT devices might hit the benchmark ratio of 7:1. That is seven IoT devices to one person.
However, current IoT model and device is not favorable. There have been issues such as high operational costs and non-protection of users. Usechain’s architecture under the auspices of its mirror identity technology will reduce costs of authenticating users. It mirror identity and address mapping are decentralized making identity confirmation faster.
Pay with Digital Currencies
This feature had not been supported all these while. Usechain is offering users opportunity of making payments with their cryptographic currencies in fiat scenarios. The payment channel will be decentralized and will run on P2P format. Likewise, end users can save funds that could have otherwise gone down the pockets of financial channels.
Improved Business
Businesses partner among themselves especially when their interest is mutual. Usechain will boost existing shared economy. Usechain gathers and distributes users’ behavior on the platform. This will take effect after their identity had been verified and their addresses mapped.
By doing so, other users can take into cognizance their different transactions. Thus, if a company on Usechain’s ecosystem wants to forge partnerships with another on sharing economy basis, such company can access the other’s profile. Usechain’s credible sharing economy breeds trust and transparency for concerned parties.
Insure Yourself
Another great side to Usechain’s architecture is the decentralization of insurance. The platform set-up mutual aid funding that allows its users set apart some funds using their Usechain Token. Collated funds can be used for medicals and other pertinent insurance modules.
Decentralizing Exchanges
Although decentralized, cryptographic currencies are regulated by centralized exchanges. While acting as middlemen, these exchanges derive users’ information and store same in unsecured databases. Usechain disrupts this by decentralizing storages. There won’t be need for intermediaries in exchanges. You can trade your cryptographic currency through Usechain’s RPOW algorithm. Backed by the mirror-identity technology, Usechain will breed fast-tracked transactions through its decentralized exchange (DEX).
Content Security
You might have enjoyed the privilege given by the likes of Facebook. They allow you make posts but they make the adverse effects known. It has become mutual among these social sites to retrieve your data and monitor your content with intention of analyzing your personality. There is also the problem of content theft and plagiarism.
On Usechain, these malicious acts are not allowed to crop up. The project offers you tow core upsides to that effect. You can create unlimited contents as you like. There is also availability of encryption for your content. Hence, contents published on Usechain are privatized.
Transparency
The project is reputable for its security features such as address mapping and mirror identity. It also breeds trust. Trust had been lacking in businesses especially in shared economies.
By implementing its mirror identity and mapping, there will be verified users hence reducing fraud in the system.
Educational Support
Are you a student and looking for ways to fund your education? Usechain has something in stock for you. Just like its insurance funding, the project also has a separate funding protocol for education.
Students can access the interest-free loan and pay back in bits after their graduation. Funding of this scheme is from earlier beneficiaries and alumni. Interest-free loan can only be released to students when there is surplus fund available at the moment. Students however, will apply for the scholarship before funds can be released.
Wrapping Up
There are tons of scenarios where Usechain’s framework can be applied. The platform does not limit its scope to verifying users. It rather extends it to fiat and decentralized cases where they might be needed.
TEAM
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