Uchain - The Next Generation Distributed Smart Network Blockchain for the Sharing Economy!

in #review3 years ago (edited)


Recently, even 10-15 years ago if you wanted to go to rest or work in another country or city you had to solve many problems, ranging from the place of residence, transport to travel and up to the guide to make the trip interesting and boring.

The world has changed in recent years, there are cheaper and better alternatives. The global introduction of the internet has led to the fact that in most European cities and the United States there are people who will give you their homes for the duration of your trip, will rent your car, make you a company and even show you all the sights of the city. And in this way you can earn on your property, so it is not idle. Such relationships in society are called "the economy of common use". Its main idea is that it is more important to have access to the benefits than to own them.

On the one hand, it is an ideal idea of the economy, but there are some problems that hinder its development:

  1. The main problem is trust. People are very reluctant to trust unfamiliar people with their property. Therefore, there are intermediaries who earn good commissions and are a symbol of trust and security;
  2. The centrality of the intermediary business has led to increased commissions to increase the profits of such companies. Large corporations can afford to control the most important parameters such as quality and price with a significant market share and influence;
  3. Violation of user data storage. In the public economy, temporary use also involves transactions, but without intermediaries, while user identification and data storage remains a bottleneck and is often exploited by hackers.

Uchain is an innovative idea that combines the sharing of benefits and commercial potential!

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The project provides a revolutionary solution-this is the first blockchain that solves the problems of the public use economy and gives significant development. Its concept is that manufacturers do not sell their products to users, and gave for temporary use. Thus, the property is much less idle, it is constantly used. As a result, consumers pay only for rent, and the producer receives more income.

Within the ecosystem, Uchain looks like direct transactions between users, and the entire network is protected by special protocols. In such a system, commissions are minimal, since there are no intermediaries. The Main currency in the calculations is the uchain token, which plays the role of a smart contract in various interactions.

The identification function in the system will be performed by the user's passport with all the data to which the wallet will be linked. An interesting feature is that it is not necessary to have a deposit, at the initial stages of the system will give a small loan. And also this passport can be used as a passport of a citizen.

Conclusions and development prospects

Today, the team of UChain is entering into partnerships with travel companies, hotel and educational business and very soon it will be possible to try a new level of economy, because the launch of the main network is scheduled for the end of 2018. In 2009, the blockchain gave the world safe and anonymous transfers of funds, and today the team of UChain is implementing the idea of a public use economy, which has already been supported by millions of users from all over the world.

Follow the links and become the next user of the new economy 2.0!

More information you can find here:

11111.png Website 1111.png Bitcointalk Thread wp1.png Whitepaper

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@foridulislam21, you are welcome) I think its very useful idea👍

Hmm, it looks promising, I'll read their papers in more detail.

You can ask me any question)

Great article! It's very interesting!

Love the concept and nice break down! I look forward to reading more about this

@twirlspin, thank you for reading, I'm glad that you liked it🤗
More about the project you can find on the website: https://uchain.world/ and read the whitepaper: https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf

Thanks to share awesome information!!! I give you upvote cool

@princeuk12, thank you, bro) Glad that you liked)

You are welcome
Bro thanks

Hmm, I haven't used such services before, but it looks interesting and promising

Thanks for the idea, man.

we've begun to do what we do for you and your post.

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