USECHAIN: THE WORLD'S FIRST MIRROR IDENTITY BLOCKCHAIN ECOSYSTEM.
USECHAIN: THE WORLD'S FIRST MIRROR IDENTITY BLOCKCHAIN ECOSYSTEM.
The blockchain industry, through cryptocurrencies like Ethereum and Bitcoin, has introduced innovative concepts such as "decentralized currency" and "smart contracts" to the world allowing society to conduct transactions securely and autonomously. However, the blockchain technology has been limited to application in areas like cryptocurrency trading and exchange due to performance inefficiency, and other high technical difficulties and limitations.
Usechain seeks to create an identity-based blockchain ecosystem with advanced technology and innovations that will break the limitations in the blockchain2.0 industry and move the industry into blockchain 3.0.
Usechain is a public blockchain ecosystem built on Mirror Identity Protocol and merged with structure design and other high-level innovative technologies to bring an end to the problems in blockchain development processes, build an identity blockchain system, and provide support for commercial projects with leading commerce and application platforms in various industries.
UST is the token to be circulated on the platform whose value will continue rising as the ecosystem economy grows and develops. Therefore, Usechain will create a seamless channel between the real and digital world to be built by turning people, organizations, and assets into identity token.
HOW DOES USECHAIN PLAN TO TAKE THE BLOCKCHAIN INDUSTRY TO THE NEXT LEVEL?
- By providing efficient transaction process management that wil make transactions faster and more secure.
- By providing support for and developing more widely used Dapps (Decentralized Applications).
- By connecting on-chain addresses with real off-chain identities to meet the requirements of KYC (Know your customer) and AML (Anti money laundering) so the blockchain ecosystem can be adopted for a wide range of applications such as loans, insurance, and many others.
- By lowering technical barriers and providing a user-friendly interface on their ecosystem that allows for mass participation.
- Based on the characteristics of the identity mapping it plans to use, Usechain plans to reduce the consumption of computing resources and energy consumption.
- Usechain also plans to be able to support mining through mobile devices and thus, allow public participation in the ecosystem.
WHAT DOES USECHAIN PLAN TO ACHIEVE?
- Allowing users to use Cryptocurrency stored in wallets as well as digital discount coupons for payments processed on a decentralized peer-to-peer network.
- Decentralized financial services whereby everyone can perform mutual authentication and individuals can enjoy a range of inclusive financial services such as loans, crowdfunding and others using their personalized identity tokens.
- A sharing economy whereby mutual trust and higher-level of credibility is promoted because transaction histories and behavioral data cannot be deleted or changed and are fully accessible to all parties.
- Promote more efficient and secure Internet of things (IoT) and smart devices based on the blockchain ecosystem.
- Usechain will create a platform that will allow users to set up decentralized funds and conduct passive investment in the market portfolio index.
- Usechain's decentralized distributed ledger technology allows users to use UST to participate in unattended insurance funds and can help build people's confidence in mutual-aid accounts.
- Using its identity-based blockchain technology, Usechain will be able to allow decentralized exchanges that will disrupt the centralized exchanges done in the cryptocurrency market where intermediaries manipulate the market and set high transaction fees to make profits.
- Usechain plans to establish a tuition fund to provide interest-free loans and help students with financial pressure to complete their studies.
- Usechain will provide an opportunity for digital content creators to perform copyright registration of their works based on blockchain technology and thus, prevent and punish copyright violations and violators.
- Through its identity mapping onto blockchain, Usechain plans to support the establishment of online communities where relationships can be created and teams can be formed.
- Usechain plans to make market forecasts based on information collected using token prices.
WHO ARE THOSE BEHIND USECHAIN?
The Usechain Foundation is committed to developing Usechain and promoting security and harmony within the ecosystem. The foundation is a non-profit organization established in Singapore. Usechain also has a rich and accomplished body of personnels in its core team with people of calibre such as Henry Cao, Baohong Sun as well as advisors such as Lucas Lu and Yin Cao.
UST, THE USECHAIN TOKEN
UST is the official token issued by Usechain to reward community developers and supporters, and allow all ecosystem participants to use the decentralised applications. Though UST is still an ERC20-based token, when the main net goes live, there will be a transition to the Usechain UST coins to protect the interests of all participants.
With a total of 20 billion tokens, 45% is available for sale with Ethereum and Bitcoin accepted as payment.
USEFUL LINKS
Website: http://www.usechain.net
Whitepaper: http://www.usechain.net/usechain_en.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3432061.0
Telegram: https://t.me/usechaingroup
Facebook: https://web.facebook.com/UsechainFoundation
Twitter: https://twitter.com/usechain
LinkedIN: https://www.linkedin.com/company/usechain
Author’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1578037