Uchain - ICO Review

[scrypto32]

The Next Generation Distributed Smart Network Blockchain for the Sharing Economy

About UChain

UChain is an a platform the facilitates the development of dApps that utilize a sharing-based economy. The platform will use a proprietary credit rating system and aims to develop a decentralized exchange. UCN tokens will be used as the base currency within the ecosystem, which will also support the development of URC-1 standard tokens that enable subsidiary sharing economies. UCN tokens can also be staked in order to receive UCP, which provide voting rights.

https://cdn-images-1.medium.com/max/1600/0*x5VdrKkST1mkgkWM.jpg

Realizing the potential of the sharing economy which is expected to reach 520 billion USD in 2018, Uchain is developing an infrastructure blockchain for the global sharing economy. In the sharing economy, companies are intermediaries between users and service suppliers. Therefore, those companies will take commissions from private providers, which leads to the increase of service costs. User data is also at risk of being leaked or theft in case intermediary companies sell user data for money or do not have a strong security system to prevent their data from being hacked.

https://cdn-images-1.medium.com/max/1600/0*YSa8BgtU07LExO4D.png

Uchain has its own digital wallet. Furthermore, enterprises can build Dapps on the top of Uchain platform and issue their own token. Its consensus algorithm is RPCA (Ripple Protocol Consensus Algorithm) which is used by Ripple.

With RPCA, transactions which need to be verified will be collected into a ‘candidate set’ by a trusted node (A). There are many other trusted nodes who will verify A’s candidate set by vote while A will also vote to verify the candidate set of other trusted nodes.

https://cdn-images-1.medium.com/max/1600/0*Fy06Gi2XAHo0MHs_.png

The idea of developing blockchain for the sharing economy sounds catching and creative. Using blockchain can address the problem of data security. Also, when the network will take the place of enterprises to become an intermediary between suppliers and customers, the transaction costs can be reduced by 20%. Those goals are achievable. However, it would be more ideal for the team to think of an blockchain infrastructure for the community instead of enterprises specifically.

https://cdn-images-1.medium.com/max/1600/0*Fy06Gi2XAHo0MHs_.png

Core Team

https://cdn-images-1.medium.com/max/800/1*pprEhvmBguFeJsyihLsoeA.png

Token Allocation

https://icodrops.com/wp-content/uploads/2018/05/UChain-Token-Sale.jpg

Official channels

Website: https://uchain.world/

Telegram: https://t.me/UchainEcosystem

Medium: https://medium.com/@uchain

Twitter: https://twitter.com/UChainEcosystem

Reddit: https://www.reddit.com/r/UChain/

[Tonygold1967]

The Next Generation Distributed Smart Network Blockchain for the Sharing Economy

About UChain

UChain is an a platform the facilitates the development of dApps that utilize a sharing-based economy. The platform will use a proprietary credit rating system and aims to develop a decentralized exchange. UCN tokens will be used as the base currency within the ecosystem, which will also support the development of URC-1 standard tokens that enable subsidiary sharing economies. UCN tokens can also be staked in order to receive UCP, which provide voting rights.



Realizing the potential of the sharing economy which is expected to reach 520 billion USD in 2018, Uchain is developing an infrastructure blockchain for the global sharing economy. In the sharing economy, companies are intermediaries between users and service suppliers. Therefore, those companies will take commissions from private providers, which leads to the increase of service costs. User data is also at risk of being leaked or theft in case intermediary companies sell user data for money or do not have a strong security system to prevent their data from being hacked.



Uchain has its own digital wallet. Furthermore, enterprises can build Dapps on the top of Uchain platform and issue their own token. Its consensus algorithm is RPCA (Ripple Protocol Consensus Algorithm) which is used by Ripple.

With RPCA, transactions which need to be verified will be collected into a ‘candidate set’ by a trusted node (A). There are many other trusted nodes who will verify A’s candidate set by vote while A will also vote to verify the candidate set of other trusted nodes.



The idea of developing blockchain for the sharing economy sounds catching and creative. Using blockchain can address the problem of data security. Also, when the network will take the place of enterprises to become an intermediary between suppliers and customers, the transaction costs can be reduced by 20%. Those goals are achievable. However, it would be more ideal for the team to think of an blockchain infrastructure for the community instead of enterprises specifically.



Core Team



Token Allocation



Official channels

Website: https://uchain.world/

Telegram: https://t.me/UchainEcosystem

Medium: https://medium.com/@uchain

Twitter: https://twitter.com/UChainEcosystem

Reddit: https://www.reddit.com/r/UChain/

Why the project is not listed on IcoGuide.com, their rates are meaning full for investors I guess.

[CryptoSaxony]

UChain Blog submissions (vote for this) 

“🔗 UChain: building the next generation Blockchain for the Sharing Economy” by @LindaCrypto https://medium.com/@LindaCrypto/uchain-building-the-next-generation-blockchain-for-the-sharing-economy-be8cec8a92d4

[VeronD]

The best ICO of this summer! Be sure to look, very promising!
https://servadvisor.co/