Usechain: Building A Sovereign Identity Platform on Blockchain

Usechain is the first ever self-sovereign identity blockchain ecosystem that offers platforms for businesses, individuals and assets. Usechain among other things seeks to overcome the challenges current mainstream blockchains could not solve, such as fusing innovative technologies with off-chain identities, establishing a public Blockchain ecosystem that is based on real identity and sole identity mapping, reducing or eliminating distrust which come with existing blockchains due to anonymity feature, and maintaining uncompromised security and privacy system.

Unique Usechain identity and Mirror identity features

None of the existing mainstream blockchain ecosystems has been able to resolve the intractable Impossible Trinity of scale, decentralization and security. Usechain, first and foremost outsmarts other blockchains in this regard by running on a highly transparent system which maps every business, every person, and every asset to a single ecosystem. If the Usechain identity feature aims at returning the lost value of trust to the crypto market, its Mirror Identity Technology primarily focuses on resolving the issue of security and high-cost and high-risk technical performance.
Once real identities are created for users, transparency is ensured and trust is returned to the crypto society. What that means is that every business and person has real and customized account.
The identity mapping allows Userchain to succeed in Know Your Customer (KYC) technique by redirecting attention from your identity to your capacity, thus opening it to compliance to applications even outside of its own ecosystem. This revolutionary feature helps in reducing the cost of identity assurance and reform financial industry. Usechain edge over existing blockchains such as Bitcoin, Ethereum or EOS include: identity mapping, thorough governance system and an application-sought design.

Let’s look at the technical framework of Usechain blockchain

At the technical level, Usechain incorporates a number of innovative technologies such as the unique RPOW (Randomized Proof of Work), a multi-layered sharded network, integrated government identities, and a social network-based credit making/lending/securitizing. On this credit system is built many real-life applications, potential applications Include finance, IOT, supply chain, social network, and games.
One other important aspect of Usechain blockchain is the Network Sharding. Usechain ecosystem uses KaZaA P2P (person-to-person) protocol which comprises two key strategies of Identity Network Sharding and Identity Transaction Sharding. These mechanisms help real account owners to transact specific addresses, thus reducing the time spent and cost of confirming all transactions on the network by the nodes.
Again, with Usechain blockchain has another strong feature, the Identity Virtual Machine, which helps in guaranteeing a high level performance smart contract that is open to adaptation. Existing models do not offer this platform where interactions can take place even with external data based on intermediate communication layer.
There is also an auto-regulated node mechanism in Usechain which is powered by the sole identity mapping system. This involves a situation where an account is frozen due to a conflict that a node must have encountered during transaction.
The mirror identity structure reduces the risk that comes along with existing models in which addresses are anonymous giving room for individuals to manipulate the process.

About Usechain team

Usechain's founder Henry Cao is a Chinese University of Science and Technology don who as a 13-year-old teenager then was known for his precocious talent. He bagged two PhD degrees at both Yale and UCLA in Pathology and Finance respectively. He is currently a Finance Professor at Cheung Kong Graduate School of Business, and also member of the Finance Society of America.
Usechain also boasts of its co-founder in Professor Feng Zhang, a founder of PinFu Fund, who had served as Managing Director of Morgan Stanley. Userchain is also managed by Shang-Jin Wei, a Don of Finance and Economics at Columbia University, who had having served in the capacity as Chief Economist at the Asian Development Bank.
Another team member is Founder and CEO of 5Miles, Founder and CEO of Cybermiles, Lucas Lu, who currently serves as Usechain's advisors and expert.
This team has caused a revolution in the crypto market and Blockchain ecosystem having created a very solid platform that provides a solution and allays investors’ fears in terms of lifting the anonymity and opaqueness that hitherto have beclouded the crypto market. Their creativity makes Usechain a rigorous technology designed ever.