INTRODUCTION
Technology comes with its perks and added incentives which includes digitalization and automation with state of the art innovations from their developers. The blockchain technology took that same route when it became the new face of liquid currency since the turn of the year 2009.
At the initial state, most people were skeptical about its validity and future value. Others do not even know what liquid currency is all about. A few knew about it but does not rate it as what will lead to a profitable success. But despite all these opinions of different individuals, cryptocurrency is a huge success in today's digital world. The growth of the currency from the point of half a dollar to thousands of dollars is the business success of the past decade. Bitcoin was the first love of most crypto lovers, soon after Bitcoin blockchain became the first decentralized blockchain in crypto world, the Ethereum blockchain was introduced with huge fanfare but the same as that of Bitcoin. Litecoin also followed the queue in crypto value and today, lots of cryptocurrencies has launched their ICOs and are in various stages of progress. The world of digitalization has taken a foothold, and alas, the future has never seemed more clearer than it was at the moment.
Unfortunately, technology does not come without its challenges and the blockchain technology was no stranger in this field. Research into crypto showed that even though progress have been made in digitalization of currency in the form of crypto, not enough users are adopting them as compared to fiat. The initial estimate was that by the year 2020, the world must have abandoned fiat and gone totally digital and abandon the idea of physical cash or fiat. The hope of cryptocurrency taking over the digital market is not quite achieving its aim as it should be to the behest of hardworking blockchain developers. The most important group of this category being the financial institutions like banks are not looking in the crypto direction for the moment. The causes to these apparent lack of commercialisation is not far fetched.
The anonymous nature of a decentralized public blockchain is not good for propagation of legal financial transactions. Cases of money laundering and fraud were existing thorn in the flesh even with limitations introduced by blockchain developers. Also being able to transact in real time is very important in every business dealing. In digitalization of fiat currency, POS transactions are done in real time and instantly by the swap of credit cards issued by banks. The same cannot be said about blockchain trsanctions involving Bitcoin and Ethereum and both consumes lots of energy to mine even a single block of them and this accrues to huge costs in transaction fees which leaves users at a huge disadvantage. A solution aimed at solving all these contemporary blockchain limitations is what Usechain aims to achieve with their new innovative blockchain algorithm.
THE USECHAIN SOLUTION
Usechain is rolling out its blockchain based on the Mirror Identity Protocol which is aimed at revolutionary technology that will properly integrate with all other blockchains without fuss and with new ideas of commercialisation that is aimed at community usage. This Mirror Identity mechanism also hopes to produce DApps that can help in blockchain interaction and integration. Usechain also aims at establishing an identity to blockchain transactions by copying the technology of the normal nameless blockchain to create an identity based blockchain with a secure algorithm to protect the privacy of its individual users. It implies that despite all the identity implants, users' informations are very much hidden from prying eyes on the network. Finally, Usechain aims to increase transaction frequency to accommodate as many transactions as possible to rival giant digital pay industries like VISA and Mastercard. This is achieved using their innovative Random Proof of Work armed with a distributive network sharding that relieves their network nodes. This is the Usechain method.
REVIEW OF THE USECHAIN TEAM
HENRY CAO (Founder CEO)
He is a very educated blockchain entrepreneur with a PhD in finance that enabled him to become a professor at the Cheung Kong school of Business. He doubles the job with his Head of Department duty at the said school of Finance. He is the big brain behind Usechain's project and is a research enthusiast on blockchain technology which justifies his record of being admitted into USTC at 13 years of age. His research has been published in several journals including Journal of Financial Economics, Journal of Financial Studies, Review of Financial Studies and so many more. He is one of the key editorial board members of Annals of Economics and China Financial Review
Baohong SUN (Co founder CFO)
She is a very polished marketing professor at Cheung Kong Graduate school of Business who is renowned for her accomplishments in the marketing sector which earned her the position of Associate dean at Tepper Business schools. she played a key role in the behaviour world economic summit
Shengli Zhang (Chief Scientist)
He graduated from the University of Science and Technology in China and obtained his BS and MS certificates there. He obtained his Phd from CUHK and was the inventor of physical coding network. He is a senior blockchain specialist and also a senior member of china electronics society. He was a professor and visiting professor in Shenzen university and Stamford University respectively and has been awarded invention patents three times for his blockchain contributions.
Feng ZHANG (Senior Financial Advisor)
He is a renowned expert with years of experience in QIHF and the Mangling Director of Asset Management in the company known as Citigroup. He also has a doctorate degree from UC Irvine.
Eric XU (COO)
Eric is a renowned Internet and information security expert of 10 years in General Marketing Management. He heads over the Information Security project at the National Information Security Engineering center.
Andy ZHOU (CTO)
He is a renowned technical director and electronic production serial entrepreneur. He is also very important to HAUWEI production brand with a very good knowledge in big data, Artificial intelligence and distributed system with double bachelor's degree from two renowned Universities in China.
Lin ZHAO (CPO)
He has several years of experience in Internet and retail industry. An expert in E-Comerce who holds a management post in the field.
Amanda SHEN(CMO)
A graduate from the Business school of Cheung Kong. Garnered about 12 years of experience in Public relations and marketing.
Gengnan SONG (Global Community Developer)
She has garnered 10 years of experience in Internet commercialisation and business. She is more of a hands on person that integrates the community with her company goals. An expert in the rendition of catering services in China.
Liang ZHANG (Technical Architect)
An expert in the digitization world of currency and analysis of the blockchain exchange market. Had a stint as a Senior R&D Engineer at the Microbit Cryptocurrency Exchange and the Gibraltar National Blockchain Exchange. A great blockchain technology research expert.
THE ADVISOR TEAM
The Usechain platform is made up of a solid advisory body which consists of Lucas LU, Yin CAO, Shangjin Wei. Qian MA, Allen Yan, Stewie ZHU and Jianfeng YU
CONCLUSION
Usechain has lots of integration packages for the crypto world with a look to revolution in the top echelons of digital technology. Usechain is made up of perspicacious individuals and developers that are experienced for the huge task ahead. Thank you.
For more information use the links below:
Website: https://www.usechain.net/
White paper: http://www.usechain.net/usechain_en.pdf
Medium: https://medium.com/usechain
Twitter：https://twitter.com/usechain
Facebook: https://www.facebook.com/UsechainFoundation
LinkedIn: https://www.linkedin.com/company/usechain/
Telegram：https://t.me/usechaingroup
reddit：https://www.reddit.com/user/Usechain/
instagram：https://www.instagram.com/UsechainOfficial
Authors bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1795123