Uchain is the first public infrastructure blockchain specifically designed for the global sharing economy. Along with other sharing economy enterprises, Uchain aims to build its underlying blockchain network to solve the current problems of trust and data abuse. Exercising API’s and SDK’s provided by UChain , all sharing economy enterprises are able to issue their own token and build their application on top of the UChain network, together making UChain a better global autonomous sharing economy ecosystem.
General information
35,000 ETH Raised
Crowdsale: CANCELLED
Site: https://uchain.world
Principle: Infrastructure block for sharing economy
Competitors: Origin Protocol
Issue: 10 billion max
Lock up:
For Private-Presale, the lock will be 6 months to 50% of the tokens. For Public-Presale — 3 months lap on the bonus.
For the team for 3 years, with unlock to 1/3 every year.
https://www.youtube.com/watch?v=7blBobkvNUI
Technology and Use Case
Let’s begin with the analysis of the market: the size of the global sharing-economy market for 2018 is about 500 billion dollars.
There are some problems in this market, such as:
· Excessive transaction costs
· Absence of an effective credit system reflecting the parties involved
· Data leakage and abuse
And the UChain project is planning to become the platform that will solve these problems.
Implementing APIs and SDKs provided by UChain, all joint ventures of the economy can release their own token and create their application over the UChain network.
In the sharing-economy 1.0, intermediary platforms play an important role, facilitating transactions between users, while charging commissions for this service. In the new era of sharing 2.0, users are connected peer-to-peer without intermediaries and commissions, and all transactions are resolved in the local token.
That is, their vision of the future is a tokenization of everything. And UChain in this future should become a platform for tokenization (as it will be released tokens of other companies) and the functioning (through the SDK and API) of companies in the field of sharing-economy.
But why would these companies need an intermediary in the form of UChain — a big question.
Technologies
Through the API or SDK on the open UChain platform, enterprises in the sharing economy can create DApps or simply transfer their existing application to UChain. After completing registration as a third-party operator, they will receive additional services, which include the ability to receive new customers and tokens. The open platform will provide services including the use of intelligent contracts, automatic split-payments, key data on the query chain, UIP, credit ratings of users and a number of marketing functions.
The consensus algorithm of UChain is the RPCA (Ripple Protocol Protocol Algorithm), which is used by Ripple. The main purpose of the RPCA is for the speed of transactions, which also corresponds to the scenarios of the shared economy. This information can be effectively transferred to each node in a few seconds with high performance and high Byzantine fault tolerance.
This consensus algorithm was chosen by the project not by accident. On the UChain platform, tokens will be issued for existing companies. Basically it will be small private blockers with their tokens. And the RPCA consensus algorithm is ideal for such networks.
Consider the ecosystem by users and suppliers.
User
Users are the basis of the whole ecosystem. Service users can pay UCN (internal system token) for any interesting service provided to DApps based on UChain, or simply make transactions on the Uchain P2P platform. Independent service providers can obtain UCN by providing their idle resources or properties via DApps.
Supplier Company
Corporate service providers can develop specialized DApps with Uchain infrastructure to provide services. They will be paid by the appropriate amount of UCN using the automatic payment function implemented in smart contracts. Enterprises can also pay UCN for UChain’s infrastructure services.
Token
Token: There are 2 types of tokens: UCP and UCN
UCP for voting
UCN — for internal transactions
Investors and partners
Alipay: a third-party platform for mobile and online payments in Hangzhou, China
- China Unicom: Chinese state telecommunications operator
- WBO: Worldwide Organization Blockchain
There are no official confirmations from the partners. Funds, to put it mildly, are not the top, mostly Chinese funds focused on the domestic market.
Roadmap
- Testnet is scheduled to go live Q3 2018
- Mainnet is scheduled to go live Q4 2018
WEBSITE — https://uchain.world
WHITEPAPER — https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf
TWITTER — https://twitter.com/UChainEcosystem
TELEGRAM — https://t.me/UchainEcosystem
Medium — https://medium.com/@uchain
Reddit — https://www.reddit.com/r/UChain/
Bounty program — https://www.g0blin.com/uchain/
Bounty Bitcointalk: https://bitcointalk.org/index.php?topic=4587074.0
Author:
Bitcointalk Username: vancuongdbj
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1667647
Telegram: https://t.me/vancuongdbj
