Given the rapid development of the web, a private or entity's identification requires to be guarded. Lots of individuals and organizations have actually endured the problem of their identification protection. Many individuals and organizations have fell victim to cyber attacks that have cost them dearly in one way or the other.
Usechain is a platform that is introducing on developing the first decentralized system that will overlook mirror identification and supply an ecosystem that will certainly suit blockchain mirror identification. The main objective behind the design of this technology is to provide a system where an effective and also identity sensitive and purchase management could occur. Usechain likewise aims to design an extra clear blockchain built on genuine identities.
Usechain is a self-sovereign identification blockchain network based in Singapore.
Usechain uses several innovative functions such as Randomized Proof of Work, blockchain and also a host of various other technological components to ensure that their objectives are attained.
In Usechain's parlance, mirror identity can be specified as the identification address mapping procedure that is being made use of in the environment.
Solutions Offered By Usechain
Usechain in a bid to reinforce mirror identity as well as accelerate the fostering of the blockchain modern technology and also network uses a variety of remedies to its customers. They consist of:
Boosted Efficiency
Usechain is created to promote an effective deal as well as fit decentralized apps. This network has a blockchain modern technology built with a real identification to take the decentralized system to an entirely brand-new dimension. The structure of this sovereign network is made to advertise a scalable, reputable, genuine and secure system to promote the worth of the blockchain.
Smart Contract
The smart contract incorporated right into Usechain is utilized gradually to boost the performance of application protocol as well as giving a brand-new definition to the user interface of internet technologies by making them user-friendly. All these are done at a low cost and also risk-free for advancing technologies.
Guaranteed Security
Security of data is guaranteed on Usechain with the use of Proof of Work. This way identity is kept undisclosed and safety of users is maintained.
Saves Energy Cost
One of the problems that Usechain aims to solve is the power consumption using the blockchain technology. During computing of the technology, the hashing power causes the big usage of power. Usechain as a result of its identity mapping function minimizes the power usage substantially by reducing the dependency on hashing power.
The Usechain Team
This innovative technology, Usechain was invented by clever minds and experienced individuals who have been fully immersed in the blockchain and cryptocurrency sphere. Leading the team of founders is Henry Cao, a professor at Cheung king Graduate School of Business and also co-founder Baohong Sun, a marketing Professor at Cheung king Graduate School of Business, founded Usechain
Other participants that belong to design the realization of this ingenious network are Shengli Zhang, Feng Zhang, Erik Xu, Andy Zhou, Lin Zhao, Amanda Shen, Gengnan Song and Liang Zhang. These individuals have contributed in their own way using the wealth of knowledge that they have gathered to support the establishment and growth of this technology.
Roadmap
Use Cases for Usechain.
The stipulation of safety and security, ease, inexpensive and efficient data transaction while preserving cyber obscurity is among the yearning needs of cyber individuals. An identity as seen by Usechain is profoundly crucial for a private or an organization. This has been under threat given that the inception of technology development.
By safeguarding the Blockchain technology and all the networks that are linked with it, user’s identity will be guided more effectively. Usechain makes the blockchain more reliable, serviceable, credible and manageable. This in turn makes the blockchain technology adoption rifer.
Verdict
Blockchain supplies a component solution to identification theft however, Usechain modifies and also improves this remedy. Usechain has actually provided unmatched digital solutions that make it stick out among its competitors. This environment uses a method that identification off-chain continues to be unknown as well as privacy is highly safeguarded.
Users can now use the blockchain technology without fear of losing their vital information to unwanted parties. All in all, Usechain has come to stay and will wax stronger than it currently is in time.
TOKEN SALE OVERVIEW AND DISTRIBUTION
TOKEN SALE: SINCE 23RD JUNE
TICKER: UST
TOKEN TYPE: ERC20
TOKEN PRICE: 1 BTC = 1,000,000 UST
FUNDRAISING GOAL: 29,200,000 USD
TOTAL TOKENS: 20,000,000,000
AVAILABLE FOR TOKEN SALE: 45%
Questions or enquiries regarding the Usechain platform are welcomed from our esteemed readers.
A single article isn't enough to cover everything about this innovative mirror identity blockchain called Usechain. However, if you desire to know more about it , feel free to contact any one of the company representatives through any of the following links listed below.
SOCIAL LINKS
Any bonuses for participating in the pre sale or private sale?
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Yes 5% Bonus for just the presale
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The Emergence of cryptocurrencies is changing the world,blockchain technologies will help us to transact with each other with trust created through softwares.
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Are there competitiors in this field ?
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There are mainly two kinds of competitors, first is traditional public chain like Ethereum and EOS. Usechain uses the unique identity chain to solve the problems of other public chains. The other kind of identity based blockchain program, like GXB, they focus only on upper level applications, but Usechain aims to fundamentally revolutionize the bottom architecture.
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I like the idea and technology behind this project, hope this gonna be huge.
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UseChain would introduce a brand-new consensus mechanism, Randomized Proof of Work to perfectly balance high performance and strong security.
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What’s the difference between Ziqilla and Usechain?
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Zilliqa is on sharding but they dont use one to one mapping between individual and accounts like Usechain does.
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I’m loving the idea, behind the project, Can USA residents take part in the ICO ?
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No USA and China residents can’t take part.
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Usechain is much more than just another whitepaper! A leading team in blockchain technology that would work closely with partners and experts from global technical communities to establish the first high performance mirror Identity Blockchain is a big plus.
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The cost of cybercrime damages has been predicted to increase yearly, if Usechain doesn’t solve this issue on time, so many companies would suffer losses and may shut down.
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Usechain would increase adoption and utilization of the blockchain technology.
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Usechain platform inputs resources of the highest quality to assist the global community to develop its ecosystem. This in turn, unites application platforms and leading companies.
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