Introduction.
In our day to day activities, we have come to understand the fact that the size of global sharing economy is envisioned to be over 520 billion USD in the year 2018, with this rapid growth more problems are made known in this disruptive business such as, data leakage and abuse, trust issues, and excessive cost of transaction. With all these problems facing the global sharing economy, I'd like to introduce to you, UCHAIN.
In the act of sharing transportation, along with the aid from partners. discovering the ways and methods to solve these issues will be done with the application of a free peer to peer network. With the merging of Blockchain technology, along with a banal sense of the sharing economy.
UCHAIN is a public blockchain network, built for the purpose of the global sharing economy, in conjunction with other sharing economy companies. Uchain intends to build a decentralized global sharing economy, where an exchange of value could be done by every user, and issue out contents freely without intermediaries through uchain, whereby all users and dealers will be empowered and enlightened.
Problems facing the sharing economy.
• Data leakages and abuse.
Data abuse is a common intent, in which hackers breach into the database, due to the provision of users personal information such as; email address and phone number to the sharing platform of their choice. After the user's information has been collected, some companies or organizations won't comply with their agreement and make use of their data for other objectives.
In this present Era, most organizations and sharing economy platforms, store user's data in a centralized database, if there's a breach in the server, a lot of sensitive data will be at risk.
Excessive transaction costs.
This has always been the status quo in the integrated matchmaking business, which is similar to sharing economy. Companies try to increase their profit while reaching their key performance indicator. Hence, they limit the supply of their sharing service. In order to maximize profit.
Uchain Solution
During the peer to peer transaction, uchain will establish a blockchain network between users and service providers, in which they reduce and cut off fee by 20%. Uchain token will be used during the transaction to subscribe or purchase a service. This transaction process will be handled by smart contracts and cross chain hosting technology to ensure the validity, authenticity, and compliance. Uchain ecosystem ensures a high level of security within its system.
Data will be encrypted, split and scattered on different nodes through the use of distributed credits scheme. Recovery of any single piece of data stored by a node will not be readable, it will ensure that no single data is breached, full information will not be revealed.
Features of uchain ecosystem
● the uchain ecosystem provides a reward mechanism in which individuals and are rewarded for the services they provide.
● URC-1 standard
● the uchain ecosystem provides a platform were individuals can register their digital assets.
● user credit passport sysytem
● general p2p transactions platform
a) p2p data liberation
b) faster transactions
c) enabling products
● the uchain ecosystem provides a digital wallet hence, making the plaform accessible to all.
Official token (UCN)
The value of all other token is derived from UCN, which is also the basic unit of uchain. It has a huge potential in market value, as the authorized digital currency in Uchain. UCN is not only a digital currency but also a base currency in Uchain.
Token sale.
Private sale:33,000 ETH with a bonus of 50%.
Public Presale:2,000 ETH with a 15% bonus.
Private sale: 1 ETH=7,500 UCN.
Pre-sale: 1 ETH=5750 UCN.
Hard cap :42,000 ETH.
Pre ICO hard cap:8,000 ETH
Pre ICO conversion :1ETH = 5,000 UCN.
Fundraising goal:35,000 ETH hard cap.
Token allocation.
• 35% : token sale.
• 40% : ecosystem.
• 15%: team
To learn more about Uchain, kindly check the links below:
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 details
Username sweedy
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