The idea of providing means of effective online collaboration has been worked on for quite a while now. You probably know at least one or two cloud services that allow you to access, review, edit, and comment on collaborative products such as documents and visuals. The transparency and security remain wanting, though, because the provider or third parties can theoretically gain access to your information.
This is where blockchain kicks in. A new ICO project, Uchit aims to build a collaboration and communication hub upon the edgy technology. Their project targets individual users, businesses, teams, and corporations to improve how they handle projects that require joined effort. They promise that their solution succeeds where existing tools fail.
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Decentralized communication
By utilizing the Ethereum ecosystem as its primary base for processing transactions, Uchit wants to remove intermediaries between users and improve communication and collaboration. Their P2P network is designed to connect companies with relevant specialists, which is thought to better the situation in the job market. Uchit believes that utilizing blockchain will help them create a decentralized digital communication and make its technical base less vulnerable.
UCHT Token-based relations
Relationships between Uchit users will be built around the UCHT token. The tokens can be used to:
Pay for services;
Buy templates;
Build teams;
Hire freelancers;
Request connection;
Request files; etc.
There are a plethora of use cases for the tokens, as well as the ways to earn them within the platform.
Collaboration tools powered with blockchain
Uchit platform will provide a diverse set of tools allowing for various types of collaborations. These include:
Sharing media such as texts, voice records, videos, files, etc.;
Chats;
Webinars;
Live editor for software developers;
Job marketplace connecting teams, companies, and independent specialists;
Marketplace of templates and assets;
Music editor; etc.
Uchit has more features in mind. They promise to be adding them on the ongoing basis.
Competition
Crawling the Web in search of blockchain-based collaboration platforms didn’t get back to us with many services that provide similar features. However, there are two projects that are built upon the concept of decentralized collaboration enabled with blockchain: Graphite and Colony. Graphite is positioned as a blockchain-based alternative to Google Docs enabling teamwork on documents. They have never run an ICO but are live now and seem to be doing well. Colony comes with more gamification. They announced their ICO to be launched in August last year but had to pull the plug fearing possible problems with the US regulating bodies. Currently, they are actively hiring specialists in various fields.
Put in a nutshell, we will be on the safe side to say that blockchain is Uchit’s competitive advantage, as long as its main rivals are traditional centralized platforms.
UCHT Token sale
Conclusion
The solution offered by Uchit is unique to the world of blockchain but not to the general universe of digital. There are a plethora of collaboration tools out there currently, and Uchit is sure to face the challenge explaining it to the average users why they should choose their product over the software that has been around for years. Nevertheless, what they are building is thought to be a complex platform with a variety of uses that haven’t been possible until blockchain. The question is whether they will succeed at explaining that to the general audience. The company behind Uchit, CRASS Infotech is a game publisher with a proven track record and solid audience on social platforms which means that there are relevant experience and skills available. We believe that Uchit is an interesting project worth monitoring. Their crowdsale is set to close on June 30th which means that July will show how well they managed to articulate their idea to the community.
Links:
Website: https://uchit.info/
Whitepaper: https://uchit.info/Uchit-Whitepaper.pdf
Telegram: https://uchit.info/#community
Twitter: https://twitter.com/Uchit_coin
Facebook: https://www.facebook.com/Uchit-207729296639497/
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer:
This review by Bonanza Kreep is all opinion and analysis, not investment advice.