UCHIT :: Global decentralize network to communicate & collaborate

balbirbit786 (25)in #cryptocurrency • 7 years ago

The Hub of Communication and Collaboration based on Blockchain Technology

Uchit is a peer-to-peer (P2P) distributed collaboration and communication platform designed at its core to enhance the way people communicate with each other/ to their audience and collaborate with team members.

Uchit completely removes the middleman and allows users to directly exchange information via the blockchain network. Uchit utilizes the Ethereum ecosystem as its primary platform for transaction-processing.

By encrypting communications on the blockchain and allowing nodes to communicate directly, Uchit can function as a fully-decentralized exchange for transfer of data and value transactions - allowing users to communicate and collaborate at will. Distributed networks are able to collaborate in a trustless manner without a single point of failure.

This paper seeks to provide an overview of the Uchit protocol and explain its underlying technology and functionality in detail. We will break down the applicationâs key components, compare it to existing non-blockchain P2P communication applications & collaboration applications, and explain how Uchitâs unique approach to decentralized, contract-driven incentivization seeks to transform the blockchain communication & collaboration space.

P2P Network

Basics- First The Peers are connected to perform the first application i.e. Communication (text chat / voice chat / video chat). After the peers are connected and can communicate, they can easily Collaborate (Share Files/Use same programming project folders and editors / share screen, etc).
A New Way to Envision Communication

What if you bring everyday communication to the worldwide free market and allow users to freely find people, text chat, voice chat, video chat, share files, share screen, host meetings, host webinars ?
This was the idea that set Uchit into action in early 2016. The communications industry has long been a victim of shutdowns, government interference, and strict regulations stemming from decentralization.

By removing the central server and allowing nodes in the network to communicate directly without outside interference, Uchit aims to revolutionize the way the world thinks about communication. Disrupting this market is a multibillion-dollar venture. In the long-term, Uchit aims to become the leading file -sharing platform for users around the world.

Uchit Tokens

Uchit (UCHT) tokens are the core of Uchitâs incentivization protocol. Users can âspendâ UCHT in exchange for hiring people to get into teams, requesting communication with people, requesting files from people, buying templates from Teams (freelancing) - like a marketplace for new projects, etc. To accumulate UCHT, users can sell templates and assets, respond to communication/team joining requests, etc with the network (seeding) and be rewarded with UCHT each time they communicate or Collaborate. UCHT can also be acquired on numerous cryptocurrency exchanges on the web, and will be directly exchangeable for Ethereum.
UCHT ICO Crowdsale Objectives

The purpose of the UCHT ICO crowdsale is to distribute UCHT tokens to the market. We seek to obtain the necessary funding to drive the continuous development of the application as well as maintain standard business functions. By contributing to the crowdsale, contributors are procuring coins that can be used on our network and should not be doing so with an expectation of profit. Coin value may change at any time based on naturally assessed market value and has no intrinsic worth besides its use on the Uchit network and platform.