UChain : The Next Generation Distributed Smart Network Blockchain for the Sharing Economy

UChain provides itself as a public infrastructure blockchain network for the worldwide sharing economy. In easy phrases, UChain is using the blockchain to support and enhance the global sharing economic system by using overcoming weaknesses in the environment inclusive of immoderate prices and unnecessary intermediaries.

The properties of the blockchain consisting of its immutability and transparency make it some distance greater superior to centralized structures and with that, the group hopes to establish a network wherein users from all over the globe can participate therefore improving and growing the economic system unexpectedly. Aside from reaping benefits end users, UChain offers groups with the capability to construct their personal decentralized applications on the UChain network which also allows them to create their personal tokens. That is in line with the inspiration’s purpose to create an at the same time beneficial atmosphere for the worldwide sharing economy that is self-sustainable and self-reliant.

An aspect that gives UChain a facet of the market is the group’s revel in inside the industry it’s venturing in. The UChain group already has a wealth of revel in the sharing economic system as most of them have worked on U-Bicycle, a main bicycle sharing platform primarily based in Canada.

In UChain, transaction charges that burden both give up customers and provider vendors are drastically reduced way to the use of the blockchain. The group goals to offer price reductions of up to 20% by using introducing peer-to-peer transactions rather than relying on intermediaries to settle transactions. How this works is primarily based on the usage of smart contracts and UCN, the network’s legitimate utility token. Smart contracts can be processing the fancy stuff behind the scenes however UCN is used as a way of transaction and verification whenever a user engages with goods and services on the community.

As an example, a user who books a room through the UChain network will use UCN as his or her charge technique in conjunction with a deposit. The network will then proceed the whole lot automatically from the price technique up to the discharge of the deposit. By using tokens, transactions are processed lots faster and at lower costs compared to standard price strategies.

UChain also offers a user credit passport mechanism that is handy to all carrier vendors who participate inside the network. Contained on this passport, which also works as an identity authentication device, is an intensive record of transactions and personal behaviour which are then confirmed via carrier providers. Once the credit score passport is confirmed, the respective consumer could make transactions without requiring a deposit. Now not handiest will this make the system of verification and making purchases smoother, groups will also be able to apprehend their customers more alongside keeping off shady or unscrupulous clients.

UCN Token

UChain ICO

• Ticker: UCN
• Token type: ERC20 ICO
• Token Price: 1 UCN = 0.0967 USD (0.00020000 ETH)
• Fundraising Goal: 20,300,000 USD (42,000 ETH)
• Available for Token Sale: 40%
• Know Your Customer (KYC): YES
• Сan't participate: CHINA, USA
• Accepts: ETH

Roadmap

• Q1 2017
  UChain investigates the problems in the current sharing economy model. Concluding we will build a new generation of this economy using a smart distributed network through blockchain technology.

• Q2 2017
  UChain team formed and whitepaper drafted

• Q1 2018
  Technical feasibility examined.
  Final whitepaper made available and our website put online.

• Q2 2018
  Public Pre-Sale and Crowdsale.
  Token distribution and UCN made transferable.

• Q3 2018
  Development of the wallet and blockchain explorer completed.
  Testnet made available.

• Q4 2018
  UChain Mainnet made available.
  Enterprise Open Platform released.

• Q4 2018
  UChain works tirelessly to bring on partners and introduce various companies to the platform in order to successfully grow into "Sharing Economy 2.0".

• Q1 2019
  User Credit Passport System released.
  U-Bicycle DApp migrated and launched on UChain.

• 2019
  P2P Transaction Platform made available.
  Upgrades and developments to enable further scalability and accommodate for any sharing company that would like to use our ecosystem.

Uchain Team and Advisors

Links

Website Whitepaper Onepager Twitter Telegram