Overview of USECHAIN ICO

vinu87 (36)in #usechain • 7 years ago (edited)

Usechain

The project "Mirror identification" on the technology of blockade! New Internet technologies contributed to the development of the cryptographic market. It's no secret that we are standing on the verge of big changes that are taking place in the world of information technology. User data is incredibly important and valuable information, which is often in the hands of scammers. This is fraught not only with the loss of the data itself, but also with cash problems.

Most real-world applications use the principle of identification to identify users. This approach allows access to certain products or services only to account holders who are able to confirm this. But the identification that is used today is not perfectly thought out, there is always room for the introduction of innovative technologies that allow the segment to be modernized. Usechain is a decentralized platform, which is based on the blockbuster - this allows users to ensure maximum security when working with the project.

"Mirror identification" allows you to bring the process of authorization of users in applications to a completely new level - now it will be extremely difficult for scammers to seize the data and use them to fulfill their own goals.

Features Usechain

The main idea of ??the company Usechain is to create an identification platform. With its help, a mechanism of coherence will be implemented, which in turn will be based on random confirmation of activities, in order to completely balance the significant effectiveness and strong protection.

Also for the application of multi-level authentication and encoding mechanism, which will include: identification of the conditional machine, network identification, transaction identification, extended smart contracts and other modern technological processes aimed at forming the latest generation of blockbodies. In my opinion, this is a very interesting idea, it is more relevant than ever and very much in demand. In simple words, at the center of this platform is the system for establishing the identity of users, thereby helping the ratio of the wallet address and its user.

In this regard, it will be possible to expand lending, insurance and other banking services. In the context of Usechain, the value of Mirrored Identity can be defined as the identity mapping protocol used in the ecosystem. The protocol ensures that the personal network remains anonymous and is privately protected, only the address will be displayed on the block chain. Such transaction records of addresses will be open and transparent.

Usechain will use an identity matching system that can be applied to a wide range of commercial applications. It will establish a multi-level mechanism for matching between on-chain addresses and authenticated user objects. Only the display ratio is recorded on the network, and other private information is not disclosed. The mechanism for authenticating a person is realized with full protection of confidentiality.

The mirror identification protocol created an environment through which personal information of users can be integrated with blockchain technology without compromising their privacy or security. This can be used in various application scenarios, such as identification token, decentralized exchange, global payment, financial services, etc. In addition, the mirror identification protocol may allow regulatory authorities to increase efficiency in facilitating and managing anti-money laundering activities, since any illegal records can be traced and reflected in the recipient's identification chain.

Where can I use Usechain

As mentioned above, Usechain is aimed at applications in areas requiring identity and financial sectors, so the most effective ecosystem solutions will look in: Payment systems and decentralized financial applications; Applications built on the principle of the economy of joint consumption; Secure IoT solutions; Insurance; Crediting; Decentralized crypto-exchange exchanges, etc. Usechain aims to improve the blockchain industry through technological innovation, leading the way to a more transparent, healthy and stable growth of ecosystems.

Main features of the platform

Multi-level system of user authentication . Allows you to determine the correspondence between the purse address and the wallet owner. The new consensus is RPOW. RPOW This means a randomized proof of work. This technology will increase the number of transactions per second, while saving energy. The same conditions for "hardware" will be much more convenient, that is even possible for mining on smartphones Tolerance to network disruptions. In the event of a failure in the network, freezing is performed and such problems will be resolved in a serious manner.

Key Benefits of Usechain

Safety and reliability of management infrastructure. It is planned to use a universal identity technology that will focus on one method of identifying and comparing the personal characteristics of the user of the ecosystem. This gives the basic rights to the user and improves the identification process, where in other systems there are multilevel checks of the data of one person. Community participation. With the help of the application, all participants can participate in the ecosystem, regardless of the region of residence.

It is enough to pass the authentication, and you take direct part in the work of the ecosystem, while receiving a reward in the form of a UST token. Absence from influence of energy dependence. Due to the unique parameters of the blocking technology, energy dependence will be significantly reduced due to the failure of dependence on energy consumption and hashtra, while it is possible to save on computing power. High level of performance.

Due to the attraction of reliable technical advisors, it is planned to implement some technical innovations that will increase the level of performance of the crypto site.

ICO Usechain

Period of carrying out 15.05.18 - 30.06.18; Target 4500 BTC = 33,800,000 USD; Usechain creates its standard ERC-20 utility token in the Ethereum block, the UST token. UST is designed so that everyone can participate in the development of the entire community and grow together in the ecosystem of Usechain.

Token UST allows people who have the opportunity to use a decentralized application to reward members of platforms and community developers. The purchase of tokens on the platform is possible using ETH and BTC.

Usechain road map

• In the 3rd quarter of 2018, the development of the protocol part of the matching algorithm for the RPOW version is scaled up, the design of the structure of own smart-contracts, the creation of an updated program of the TROS consensus algorithm, the startup of the improved beta version of the DApps work application.

• 4th quarter of 2018 - setting up a cross-version of the project, creating its own fund and a vertical ecosystem management scheme.

• 2019 - a full-scale release for developers and users of the AI-system, used to analyze behavioral actions of user addresses; implementation of its own multi-core programs; release hardware mechanism for negotiating RPOW; release of a multi-industry DApps application; launch of the first decentralized community for the exchange of crypto assets.

Usechain Team

The project has a strong and highly qualified team, which in my opinion is able to bring the project to the highest level in the shortest possible time and I hope they succeed. The structure of the project team employs 10 managers and 6 advisors.

In our opinion, a professional team with extensive experience in IT, finance, marketing and management of similar projects. Many representatives of professors and teachers, a significant number of practitioners. The founder and CEO of Usechain indicated Henry Cao on the basis of the description, an excellent business specialist, an MBA specialist. Usechain works in partnership with the media: Yahoo Finance, Albany Business Review, Cision, Market Watch, Yam and others.

Henry CAO - Founder,

Baohong SUN - Co-founder

Shengli ZHANG - Chief Scientist

Feng ZHANG - Senior Financial Specialist

Erik XU - COO

Andy ZHOU -

Lin ZHAO - CPO

Amanda SHEN

Conclusion

If the team succeeds in implementing the plan, we will see a decentralized platform with a unique functionality. Today, it has no competitors. Now there is an active work on attracting a second wave of investors - it is necessary to introduce artificial intelligence into the platform, and this is associated with additional costs. Part of the funds will be received from the sale of tokens - almost 70% of the money is planned to spend on the development of the platform.

Usechain can be an example of such a product, although among its competitors it has no less powerful projects - only EOS alone is worth it. This decision runs counter to the original postulates of the detachment, among which not the last place is privacy and anonymity. On the other hand, it is difficult to imagine such areas of business as, for example, lending, where you can avoid checking identity, and already existing solutions for Etherium in the area of ??the same lending contain KYC procedures.

For those who choose a project for investment, pay attention to Usechain, a very worthy candidate: an excellent and necessary idea, a professional team, well-known advisers, simply excellent ratings on all independent venues. Participate in Usechain or stay away - it's up to you. But the project is really unusual and attractive for investors! Participate in Usechain or stay away - it's up to you. But the project is really unusual and attractive for investors! Participate in Usechain or stay away - it's up to you.