Globalization and the increasing mobility of people do not allow us to have our things at hand. It is much more convenient to fly by plane, and in the place of arrival to rent a car, apartment, bike, etc., than “all your carry”. And real estate can be used only where it is. Services that provide sharing services are now very popular almost all over the world, and this industry is growing Companies that provide these services have already earned billions, acting only as an intermediary. The largest of them are: Airbnb (real estate), WeWork( human labor), Uber (cars). However, all these companies are centralized, which entails many negative consequences:
- High commissions, even car sharing companies, which provide only the services of an intermediary, take up to 20% of the amount
- There is not enough trust of users to each other, intermediaries do not provide quality arbitration and dispute resolution;
- Intermediary companies earn on the sale of personal data of users;
- Different companies operate in different regions, each of which has its own trust counter and requires a separate registration.
However, the market size of the sharing economy continues to grow. The annual turnover of funds in this area in 2015 amounted to more than 180 billion US dollars, and by 2018 this figure has increased to almost $520 billion.
Uchain project is designed to solve all the above problems, improve and simplify user interaction.
What are the features of the Unchain project?
Unchain is a platform for creating decentralized applications based on sharing.
The use of blockchain allows to establish P2P connections between users, completely removing the role of a mediator. This results in a reduction in the cost of all services, as there is no need to pay sky-high fees. A special data storage system will encrypt all personal information about users and distribute it on the network nodes Thus, it will be impossible to get all the information about a particular user, only the owner will have a code that allows to decrypt the information.
Companies will be able to create their own smart-contracts, developing their own terms of service, but it will be combined into a global decentralized network.
The use of the RPCA algorithm is a bit unusual, but it will provide a high transaction speed without using expensive mining. This algorithm is already using a crypto-currency Ripple. In addition, this will significantly reduce fees.
Economics Of Unchain.
The entire ICO process was to be held in three stages: private presale, after it the project was transferred to the public presale, and in the end - the main part of the ICO. But the project was very warmly received by the audience and the company reached hardcore at 42,000 ETH after a public pre-sale. Thus, the need for a third phase was eliminated. This is an indicator of the success of the project, because it is not often projects reach the hardcap on the presale.
The project offers users two types of tokens: UCN and UCP.
UCN will be the main payment unit of the platform. Via UCN, users will be able to purchase services, pay rent and receive them from other users for the provision of their services. It will be used for all applications within the platform, allowing user to easily and comfortably perform all financial transactions.
UCP is a very specific type of token. It is impossible to buy, but you can get by blocking part of UCN on your account. For possession of UCP coins users will receive a reward This system will create a constant demand for UCN tokens and will encourage users to keep coins on their account, thereby increasing the demand for tokens.
Summary
It is obvious that the project that completed the ICO before its main part is successful. At the same time, it is worth paying attention to the team, which is not the first year engaged in the distributed property industry. They already have a very successful and popular in Asia and North America U-bicycle project. It provides bicycle rental services in many major cities. Many of the developers have experience in large IT-companies, such as Google.
The Uchain platform will be launched in the fourth quarter of 2018, and will surely please its users — convenience and rich functionality, and investors — with a rapid growth in the value of tokens.