The blockchain mechanism can cope with many difficulties, among which are topical issues of the world economy. Therefore, a growing number of startup creators are trying to build their systems on the basis of the blockchain principle in order to modernize the world economy. Engineers of the company UChain are working on the development of a blockchain capable of solving global problems.

UChain sets itself the task of creating an economic structure and programs in the industry sharing tasks. The company has a system of economic contacts built on the fundamental principles of blockchain, working with smart contracts. Two tokens interact with their currency standard on the site.
Using the APIs and SDKs provided by the platform, companies can release their tokens and applications on the network, improving and promoting it.

The current economy is imperfect, it has such problems:
• Exaggerated tariffs that provoke excessive costs, complicating the work of the centralized economy.
• Lack of trust, creating difficulties in the economy of the share type, because just on trust is based transactions in market operations. Classical technologies failed to solve this problem.
• The leakage of information and illegal actions with it became possible due to the fact that customers are forced to provide personal registration data. After the registration processes, personal information is stored in centralized vaults. The problem in the server machines, and human error-managing the database of information can provoke a loss and disclosure of confidential information.

It is appropriate to clarify here that the blockchain just provides an Autonomous, decentralized network based on the peer-to-peer Protocol. The distribution and independence of the system minimize the possibility of unwanted access, acting in accordance with the provisions of the General use of the sharing economy. Peer-to-peer form of business With blockchain principle is more efficient and reliable for the exchange economy.

What ways does the company propose to deal with common economic problems?

• Peer-to-peer distributed transactions are conducted without intermediaries. The transaction chain consists of two links, representing the shortest trade procedure with the participation of the user and the supplier. At the same time, the Commission costs are reduced by about 20%. When conducting a transaction in the process of payment for goods or services, the project token acts as a certificate. A transaction participant can hold a specific amount in the project currency in the form of a Deposit until the end of the transaction. Transactions are concluded through smart contracts-transet hosting facilities, the main positive characteristic of which is the guarantee of the legality of transactions. Participants using UCN can manage them by contacting directly online, eliminating the risks that are often present on classic sites.

• UChain stores information about operations in network memory. This decentralized registry is controlled and protected from illegal access. It exists in the form of a "chain of trust" with built-in credit confirmation practices to which exchange services are allowed. As soon as the identity is confirmed, the user's actions are recorded in a virtual document visible to service providers who establish the accuracy of the customer's identity and conduct transactions without the need for a Deposit registration. UChain cooperates with tourist, hotel, educational, information, economic organizations, the services of which the participants will be able to purchase.

• The system stores information about both suppliers and consumers. They can only be retrieved through a decentralized repository using a secret key. You can also view and change your personal information only if you have a key that you can edit and track. Access to the data storage scheme is encrypted, and the information is distributed to different nodes: unauthorized intrusion into one of them will not endanger the entire data array. Correction of user information is possible only through authorization by means of a smart contract. Users consent to the receipt of information about them by suppliers, familiarization with the operations, data on the presence, identification signature. Fixing actions in the blockchain does not leave the possibility for malicious users to view the data.

Token name: UCN
Required amount: $22 600 000
Token standard: ERC20
Price for 1 token: 1 UCN = $0.11
Coins for sale: 40%
Can be bought for: ETH (Ethereum)
KYC: Yes

Advisory Team

The project occupies a very popular and rapidly developing niche. The UChain platform will allow you to abandon intermediaries and interact directly, thereby saving money and simplifying calculations thanks to applications, tokens, and smart contracts. The project team already has experience in creating P2P-ecosystems, and thanks to all of the above — the project has a high rating among investors.The project has excellent technologies, smart solutions and a highly qualified team of professionals. It is able to completely change the usual picture of the world for us and improve the entire world economy.