U-CHAIN – THE NEW LEADING BLOCKCHAIN TECHNOLOGY OPEN THE NEW WORLD’S ECONOMY

hongphong123 (25)in #uchain • 6 years ago

In the globalization, no one can deny the exploration of information technology’s development. It has been connecting the world to become a firmed huge economy. To be survived and catch this development’s speed, both you and me, scientist and artist, teacher and student, parents and children, company and employee … have to share values and self-reliance. It is exactly the shared economy that is the only road for us to live the worthy lives today, and the only way for companies on over the world to develop sustainably.

So, what is the shared economy? And what does it bring to the modern life? Let’s find out the unique projects – U- chain – the best blockchain ever that has been considered as a bridge of the global economy, sharing the common values and needs of the human race.

1. INTRODUCTION

• About the Shared economy.

Like its name, shared economy is a place where every value can be shared equally to every party. If you are the investor, third party, or operator, manager, founder, worker, user… you can have the benefit from investing, profit, or the branch… The shared economy works based on the sharing all in one product, it means dividing almost complex problem to millions people.

There are many global corporations that are known as the sample of this economic model, such as Quora, Grab, Uber, Airbnb,... These great companies can raise their capital from investors, organizations in society. Then when they achieve their goals, the profit is increase to the big number, they will share it to investors, founders, executives, and users. As the result, these companies will create benefits for all parties: the service providers, the important persons, the idle rental and the users.

That is the reason why the shared economy can easily attract huge amounts of users and idle capital and hence scales the model at a rapid rate.

• About the U-chain

Like another kind of blockchain technology, U-chain is a new huge decentralized platform of The 4.0 Revolution. Simply, U-chain is expected as the connection of many other platforms. So that, U-chain’s system can overcome a lot of weakness and limitation of the old blockchain technology.

U-chain was born for the shared economy. It helps people share the common values and improvement.

2. HOW DOES U-CHAIN SOLVE THE SHARED ECONOMY’S PROBLEMS?

Besides many benefits that this economic model brings to the world’s economy, it also gives the economy a lot of problems, such as: trust, cost, customer experiences and data storages….

Below are many bright resolutions that U-chain can do to get rid of these problems:

• Minimize the cost

Of course, U-chain the new generation of blockchain technology, so that, the transaction cost is minimized to the lowest. Moreover, the cost can be reduced by 20% if the economy is integrated into the blockchain technology. As we witnessed, this future is the fact and 20% is an impressive number.
So, the blockchain technology and smart contract will help the transactions be extremely low risk and extremely low cost.

• Provide the credit card

U-chain aims to provide users the "credit passport" that can help you make transactions on fast-paced, unencrypted, economic services without collateral. In addition, the transaction security will be tightened because every service provider and users will have identity authentication.

• Database security and storage

You do not need to worry about the private information, because U-chain's data system will record all the information of both the service provider and the user, including: identities, account numbers, transactions, reviews,... Also, the data storage through a hierarchical peer-to-peer network cannot be altered because it can only be changed when the user authorizes U-chain with valid keys.

Especially, U-chain will change the current shared economy in which users pay a third party commission (bank, electronic wallet ...). All users and service providers will be connected together.

3. DEVELOPMENT TEAM

As I mentioned, U-chain is the young generation with many good feature in the blockchain world. That is the reason why it attracts a lot of master, professors in this field. We can refer its founder and operators below:

Ian Yu (Founder & CEO): At the same time, he is the co-founder of Dianping.com. This is a billionaire worth of startups in China. He has been experienced through many big companies like: U-bicycle, a company in the field of shared economy. He received the International Double Entrepreneurship Award from New Waves and Entrepreneur China "CEO of the year”.
Grace Min (Co-founder): He is currently CEO of U-bicycle in North America, and founder of Oval Town Properties and SG International Travel LTD.
Will Zhou (CTO): He was Senior Engineer - Telenav (2009-2012); Chief Technology Officer - Dianping (2012 -2014); Technical Director - eBay (2014-2015); Technical Partner - HiCTO (2015 -2016) - CTO - U-Bike (2016-now) - Technical Management and Development of the overall system architecture. The positions of Will Zhou's work show that he is completely worthy of being a potential CTO for a project.

4. STRENGTH AND LIMITATION

Every product has its own strength and limitation. So U-chain does.
U-chain was born to adapt the developing potential of the market share in the coming years. Nowadays, the simple payment’s development will lead the economy to share more favorable conditions. There will be opportunities for breakthroughs by addressing the shortcomings of the shared economy, and as a leading project in this field.

Besides, the development team of U-chain is very strong. They are experts, enthusiastic people who can bring U-chain to the new level of success. The U-chain's partners system is also strong.

At risk, the only problem that I think U-chain team concerned is about the tax. U-chain is an international company, it has been operating in many different country, so they have to pay tax.

5. CONCLUSION

In my opinion, U-chain is one of the potential projects for long-term investment. If U-chain success, it will be the leading model for the new generation of blockchain technology like: ETH, ADA, EOS…