Introduction
Usechain is a tech firm based in Singapore. It is a firm that has committed itself to the development of a Blockchain community that serves as an alternative to Ethereum and Bitcoin Blockchains. Also, this firm is very much interested in the development of the world’s premier mirror identity blockchain ecosystem and makes technical foundation available for virtual corresponding worlds in the future. With the use of recent Blockchain technology, Usechain creatively uses Mirror Identity Protocol (MIP) as a base. This firm’s intention is to build a fresh blockchain marketable mode that is centred on MIP and is way superior to the regular modes in the Blockchain sector
Usechain was founded by Professor Cao and takes advantage of lots of innovative technologies. Some of them include RPOW (Randomized Proof of Work). It is a firm that is looking to make impact in the gaming sector, the financial sector, supply china, IOT, and social network.
The blockchain community which is powered by Usechain has certain advantages over some of the more popular and established blockchain such as Ethereum and Bitcoin. Some of this advantages include identity mapping, innovation technology, application-centered design, and comprehensive governance.
Let’s get to find out the importance of Usechain to identity
How Usechain Empowers Identity
The aim of Usechain is to provide a solution to the issues of trust that are characteristic of lots of societies. Usechain also helps to provide a solution to issues regarding technical performance, as well as privacy.
More often than not, lots of projects that are associated with Blockchain are anonymous. Unlike most of the known Blockchain projects, Usechain is focused on the creation of an open Blockchain which is based on tangible identities. Usechain also makes use of Mirror Identity Technology in the protection of privacy in the Usechain public chain system.
According to Professor Cao, “KYC is important to the financial industry. We have come up with a new concept that maps every person, every business and every asset to the Blockchain” Every person and every business will have a real account through smart contracts to build deeper trust.” By identity mapping, it will allow Usechain to meet the critical Know Your Customer (KYC) standards of traditional financial institutions, shifting the focus on “Who you are” to What can you do”, this will make it more submissive to applications that are not in its ecosystem. When done, this will go a long way in bring about a reduction in the cost of identity assurance and will also bring reformation to the financial sector.
Usechain is powered by a standard technical group and as a result of this, will be able to bring about a consonance between security and scalability. This will be achieved through the fusion of “Randomized Proof of Work” (RPOW) consensus-building system based on identity with multi-tiered, network which will make transactions efficient and safe.
Why you can Count on Usechain
Usechain was founded by Professor Cao, a man that became a part of the Univ. Sci. Tech. China when he was 13 years old. He went on to get two PhDs from UCLA and Yale in Finance and Pathology. He is currently a Professor of Finance at Cheung Kong Graduate School of Business and a member of the Finance Society of America.
That’s not all, Usechain also has some of the best advisors that a tech company can wish for. Some of its advisors are Feng Zhang, former Managing Director of Morgan Stanley and the Founder of Pinfu Fund, Lucas Lu, founder of Cybermiles, and the former Chief Economist of Asian Development Bank, Shang-Jin Wei.
Token Information
Token Name: USECHAIN
Token Ticker: UST
Platform: ERC20
Total Supply: 20,000 000 000UST
ICO price: 1UST=$0.0061USD
Fubdraising Goal: $30,000 000USD
Token sale: 45%
Accepts: BTC, ETH
KYC: YES
Whitelist: YES
ROADMAP
PARTNERSHIPS
For more insightful information about the USECHAIN project, click any of the links below.
Website: http://www.usechain.net/
Whitepaper: http://www.usechain.net/usechain_en.pdf
Telegram: https://t.me/usechaingroup
ANN: https://bitcointalk.org/index.php?topic=3432061.0
Twitter: https://twitter.com/usechain
Writer: Cryptoqueenkim
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1380200