Advancement of technology has been practiced for years and through this many ideas comes with a new dimension to life. Cryptocurrency and blockchain network invention are opened a new dimension to the transaction system. It also seems likely the form an investment which can make the transaction easier. Usechain is the blockchain ecosystem for dedicated to being developed as the first mirror identity based on the existing technologies in the blockchain.
It has become the first public blockchain building for the Mirror Identity Protocol by integrating with multi-level innovations in technology and structure design. The foundation of Usechain sets the public account and balance with the buying price to establish the cryptocurrencies.
Usechain is focused on building up the main mirror character blockchain biological community by molding itself into an overall stage with a rich assortment of utilization situations, the biggest networks and the most developed advances. Usechian enables character and makes everybody on-chain with a low hindrance.
The Identity mapping for Usechain is developed based on the solid technological foundation with higher performance and secured infrastructure. This will be centering to the sole identity mapping so that Usechain can be able to apply a wide range of applications goes the scenarios of required identity.
People can take an interest in the biological system by contributing time, consideration, resource, and so forth to make esteem. Consequently, members will be remunerated reasonably in the biological system, enabling an incentive to be offered back to the first clients, hence taking out imposing business model and outsider mammoths in the present society.
Usechain is a Singapore based firm dedicated to getting self-sovereign character Block nearby network substitute to the exceptionally well known BTC and ETH Block chains.
Decentralized Financial Services
Usechain analyzes the behavioral data by using the identity mapping addresses constructing an open and transparent identity for the valuation and trust system. It is applied for distributed ledger technology to broadcast the whole process of blockchain network. It has an impact to the identity on credit status with a rate for permanently recorded blockchain that may cost too high to breach the credit rating system.
The decentralized point-to-point transaction system improves the dramatic execution with efficiency for enabling the individuals having convenient, secure and flexible access providing and enjoying a range of inclusive financial services like loans, crowdfunding and so on. This can be performed as mutual authentication for the recorded information where the blockchain can neither be amended nor deleted for decentralizing the reliability and trustworthiness of the system. This will personalize the identity token to provide loans t the users using the tokens and ensuring safety with efficient transfer of valuation between each other for decentralizing the ecosystem.
Credible Sharing Economy
Sharing cars, apartments or any investment is the crucial problem in sharing the economy in trust that can be resolved by the application of blockchain technology. Through the blockchain accounts, people can easily track and know the trustworthiness of the person to be shared and will pay more for attending their own behaviors. The advantages may seem transparent and local for a shared economy where such economic model can provide the sharing economy with the higher level of credibility and mutual trust within the Usechain ecosystem.
This sharing economic model can be linked to the realistic, verified and immutable identity of ledger having similar characteristics. As the transaction histories can be accessed by anyone willing to, so any such misbehave or misconduct can be faced absolutely transparent for investigation.
Efficient and Secure IoT Application
The rapid development of the Internet of Things and smart devices is expected to become smarter by 2020 by the involvement of devices attached to every person the smart devices are able to replace some day-to-day activities by smart IoT devices with an encounter too many problems.
This may become highly centralized due to high-security risks, privacy issues and higher cost of operation. The Usechain ecosystem is based in identity providing a highly performed, secure and decentralize solutions featuring the characteristics with highly efficient, low-cost authentication and reliable identity verification for scenarios that require identity-based authentications for any sharing components like car sharing, apartment sharing, NFC payments and so on.
Usechain is developing a seamlessly connected channel to make a real and digital world establishing a highly-efficient, secure, unbounded and decentralized tool for valuation of transmission. This can break the bottlenecks in the development process of blockchain providing an infrastructural technology for the virtual and parallel world in the near future.
Website : http://www.usechain.net/
Whitepaper : http://www.usechain.net/usechain_en.pdf
Telegram https://t.me/usechaingroup
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1152016