Overview of USECHAIN ICO

in #usechain6 years ago (edited)

 

Usechain

The project "Mirror identification" on the  technology of blockade! New Internet technologies contributed to the development  of the cryptographic market. It's no secret that we  are standing on the verge of big changes that are taking place in the world of  information technology. User data is incredibly  important and valuable information, which is often in the hands of  scammers. This is fraught not only with the loss of the data  itself, but also with cash problems.

Most real-world  applications use the principle of identification to identify users. This  approach allows access to certain products or services only to account holders  who are able to confirm this. But the identification  that is used today is not perfectly thought out, there is always room for the  introduction of innovative technologies that allow the segment to be  modernized. Usechain is a decentralized platform, which is based on the  blockbuster - this allows users to ensure maximum security when working with the  project.

"Mirror identification" allows you to bring the process  of authorization of users in applications to a completely new level - now it  will be extremely difficult for scammers to seize  the data and use them to fulfill their own goals. 


Features Usechain 

The  main idea of ??the company Usechain is to create an identification  platform. With its help, a mechanism of coherence will be  implemented, which in turn will be based on random confirmation of activities,  in order to completely balance the significant  effectiveness and strong protection.

Also for the application  of multi-level authentication and encoding mechanism, which will include:  identification of the conditional machine, network identification,  transaction identification, extended smart contracts and other modern  technological processes aimed at forming the latest generation of  blockbodies. In my opinion, this is a very interesting idea, it is  more relevant than ever and very much in demand. In simple words, at the  center of this platform is the system for establishing the identity of users,  thereby helping the ratio of the wallet address and its  user.

In this regard, it will be possible to expand lending,  insurance and other banking services. In the context of  Usechain, the value of Mirrored Identity can be defined as the identity mapping  protocol used in the ecosystem. The protocol ensures  that the personal network remains anonymous and is privately protected, only the  address will be displayed on the block chain. Such transaction  records of addresses will be open and transparent.

Usechain will  use an identity matching system that can be applied to a wide range of  commercial applications. It will establish a  multi-level mechanism for matching between on-chain addresses and authenticated  user objects. Only the display ratio is recorded on the network, and  other private information is not disclosed. The mechanism for  authenticating a person is realized with full protection of  confidentiality.

The mirror  identification protocol created an environment through which personal  information of users can be integrated with blockchain technology without  compromising their privacy or security. This can be  used in various application scenarios, such as identification token,  decentralized exchange, global payment, financial services, etc. In  addition, the mirror identification protocol may allow regulatory authorities to  increase efficiency in facilitating and managing anti-money laundering  activities, since any illegal records can be traced and reflected  in the recipient's identification chain.

Where can I use Usechain  

As mentioned above, Usechain is aimed at applications in areas requiring  identity and financial sectors, so the most effective ecosystem  solutions will look in: Payment systems and decentralized financial  applications; Applications built on the principle of the economy of joint  consumption; Secure IoT solutions; Insurance; Crediting; Decentralized  crypto-exchange exchanges, etc. Usechain aims to  improve the blockchain industry through technological innovation, leading the  way to a more transparent, healthy and stable growth of  ecosystems.

Main features of the platform 

Multi-level system of  user authentication . Allows you to determine the correspondence between the  purse address and the wallet owner. The new consensus is  RPOW. RPOW This means a randomized proof of work. This technology will increase  the number of transactions per second, while saving energy. The same  conditions for "hardware" will be much more convenient, that is even possible  for mining on smartphones Tolerance to network disruptions. In the event  of a failure in the network, freezing is performed and such problems will be  resolved in a serious manner.

Key Benefits of Usechain  

Safety and reliability of management infrastructure. It is planned  to use a universal identity technology that will focus on one method of  identifying and comparing the personal characteristics of the user of the  ecosystem. This gives the basic rights to the user and improves  the identification process, where in other systems there are multilevel checks  of the data of one person. Community  participation. With the help of the application, all participants can  participate in the ecosystem, regardless of the region of  residence.

It is enough to pass the authentication, and you take  direct part in the work of the ecosystem, while receiving a reward in the form  of a UST token. Absence from influence of energy  dependence. Due to the unique parameters of the blocking  technology, energy dependence will be significantly reduced due to the failure  of dependence on energy consumption and hashtra, while it is  possible to save on computing power. High level of  performance.

Due to the attraction of reliable technical advisors,  it is planned to implement some technical innovations that will increase the  level of performance of the crypto site. 


ICO Usechain  

Period of carrying out 15.05.18 - 30.06.18; Target 4500 BTC =  33,800,000 USD; Usechain creates its standard ERC-20 utility token in the  Ethereum block, the UST token. UST is designed so that  everyone can participate in the development of the entire community and grow  together in the ecosystem of Usechain.

Token UST allows people  who have the opportunity to use a decentralized application to reward members of  platforms and community developers. The purchase of tokens  on the platform is possible using ETH and BTC. 

Usechain road map 

 •  In  the 3rd quarter of 2018, the development of the protocol part of the matching  algorithm for the RPOW version is scaled up, the design of the structure of  own smart-contracts, the creation of an updated program of the TROS consensus  algorithm, the startup of the improved beta version of the DApps  work application.  

•  4th quarter of 2018 - setting up a  cross-version of the project, creating its own fund and a vertical ecosystem  management scheme.

 •  2019 - a full-scale  release for developers and users of the AI-system, used to analyze behavioral  actions of user addresses; implementation of its own multi-core  programs; release hardware mechanism for negotiating RPOW; release of a  multi-industry DApps application; launch of the first decentralized community  for the exchange of crypto assets. 


Usechain Team

 The  project has a strong and highly qualified team, which in my opinion is able to  bring the project to the highest level in the shortest possible time  and I hope they succeed. The structure of the project team employs 10 managers  and 6 advisors.

In our opinion, a  professional team with extensive experience in IT, finance, marketing and  management of similar projects. Many representatives  of professors and teachers, a significant number of practitioners. The  founder and CEO of Usechain indicated Henry Cao on the basis of the description,  an excellent business specialist, an MBA specialist. Usechain works in  partnership with the media: Yahoo Finance, Albany Business Review, Cision,  Market Watch, Yam and others.

Henry CAO - Founder,  

Baohong SUN - Co-founder

Shengli ZHANG - Chief  Scientist

Feng ZHANG - Senior Financial Specialist

Erik XU  - COO

Andy ZHOU - 

Lin ZHAO - CPO 

Amanda SHEN


Conclusion 

If the team succeeds in implementing the plan, we will see  a decentralized platform with a unique functionality.  Today, it has no competitors. Now there is an active  work on attracting a second wave of investors - it is necessary to introduce  artificial intelligence into the platform, and this is associated with  additional costs. Part of the funds will be received from the sale of tokens -  almost 70% of the money is planned to spend on the development of the  platform.

Usechain can be an example of such a product, although  among its competitors it has no less powerful projects - only EOS alone is worth  it. This decision runs counter to the original postulates  of the detachment, among which not the last place is privacy and  anonymity. On the other hand, it is difficult to imagine such  areas of business as, for example, lending, where you can avoid checking  identity, and already existing solutions for Etherium in the  area of ??the same lending contain KYC procedures.

For those who  choose a project for investment, pay attention to Usechain, a very worthy  candidate: an excellent and necessary idea, a professional team,  well-known advisers, simply excellent ratings on all independent  venues. Participate in Usechain or stay away - it's up to you. But the  project is really unusual and attractive for investors! Participate in Usechain  or stay away - it's up to you. But the project is  really unusual and attractive for investors! Participate in Usechain or stay  away - it's up to you.

 

For more information, please click on the link below:

Official website:  usechain.net
Whitepaper:  http://www.usechain.net/usechain_en.pdf
Telegram group -  t.me/usechaingroup
Twitter:  twitter.com/usechain
Facebook:  facebook.com/UsechainFoundation
Reddit:  reddit.com/user / Usechain
Linkedin:  linkedin.com/company/usechain
Instagram:  instagram.com/UsechainOfficial
BitcoinTalk:  bitcointalk.org/index.php?topic=3432061 


Author : rajee89

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