Venture capitalists are always in search of new ideas.
Revolutionary concepts arise once a generation and investors hope to capitalize on them. Today, communication has been greatly eased and this also eases the ability of a novel concept to grow like a surging tide. However, product novelty and adoption do not equate to a successful service.
Since the dawn of this millenium, many novel ideas have been transformed into powerful technologies or convenient services. A hallmark example of a rising convenience service would be the growing sharing economy. People have erronously associated some sharing services as economical options to traditional economies; the reality is that in its current stage, the sharing economy has only achieved convenience.
Uber stands on the pedestal of the sharing economy. It was the pioneer of ridesharing and amassed a roaring growth in valuation in a measly amount of time. Uber serves as the best example of how the current state of ride-hailing only offers convenience and not cost reduction in service delivery.
Uber rides seem cheaper than traditional taxi services. The savings consumers enjoy are due to the subsidized prices supported by the billions of dollars investors have injected into Uber; the company loses billions year-on-year in order to keep prices low. The cost has been passed from app users to investors. The hope that eventually the investments will develop a powerful ROI may or may not be realized.
Cost Reduction Demands Decentralization
Uber has made the act of gaining a ride convenient by integrating the service into the phones we adore.
This does not and can not impact long-term cost factorization because Uber is a centralized company. Like any traditional transport service provider, it has an internal cost factor. Uber acts as a market-maker, a middleman that connects the ride with the customer. The middleman has not been erased; the app has simply replaced the dispatcher.
Conveniently for the mass market, the sharing economy is not the only novel concept facing wide adoption. Blockchain technology can provide an organic solution to sharing economies as these are ideally meant to be comprised of p2p interactions; blockchain is the optimizer of p2p interactions. Now, a new blockchain, UChain, aims to be the foundation the sharing economy needs to not just be convenient, but also cost-effective.
UChain
UChain founders assert that they are developing a technology that can power the sharing economies of tomorrow, ones that are more secure and efficient, yet convenient. Generally, convenience and security act as inhibitors of each other. A degree of gain on one of these equates to a degree of loss on the other.
However, UChain leverages the blockchain to change past norms and creates a platform that can internalize multiple value-additives for the products that integrate its development.
Cost-Effective
UChain creates an ecosystem where users can interact with each as the network seamlessly connects interactions.
A single network connects enterprises that supply assets to sustain the sharing market's needs, developers that build the dApps that seamlessly put the supplied assets to a utility for the consumers. Instead of a middleman, the blockchain becomes the connector as UChain's smart contracts manage the interactions.
Security
UChain focuses on two matters of security.
The ecosystem is designed to secure one of the most sought-after assets of the modern era: data. UChain not only decrypts data but also chunks it across multiple nodes to ensure an additional layer of security. Furthermore, to ensure the integrity of a truly p2p ecosystem is not destabilized by bad actors, the platform creates an internal credit rating for users to ensure users sustain their reputation.
Wrap-Up: UChain is the first blockchain that builds p2p sharing economies without compromising any degree of convenience, security, or cost-effectiveness.
Essential Links
🌐 Website: https://uchain.world/
💡 Whitepaper: https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=4631038.0
💻 Telegram: https://t.me/UchainAnn / https://t.me/UchainEcosystem
Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
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That little dodge is carrying like 30 people lol that's impressive lol
All that HP is paying off haha
pretty cool! what other companies and ecosystems do you think they could disrupt? are there any close competitors to what Uchain is trying to do?
In a broad sense, there are definitely a number of competitors since this is a blockchain. However, note how you ask what other ecosystems does it disrupt.
Generally, that's what blockchain devs aim for, a generalized creation. UChain is created to disrupt the sharing economy and it excels at it.
very good actions made by UCHAIN developers, hopefully can help the economies of those who use them
The ecosystem will definitely help the users.
Blockchain is bright
It certainly is, and more projects are carrying the benefits of this technology to new markets.
Great content
Thank you.
excelente informacion de mucho interés
Los nuevos ecosistemas son la tecnología más poderosa. Intento escribir sobre ellos con la mayor frecuencia posible.
great concept
It certainly is: a novel concept meets one of the most important technologies of today.
thanks for info
You're welcome :)
Funny picture but valuable article. Interesting concept.
@hatu feeling good to read this awesome content.
Thank you :)
I try my best.
Hey you Yes its you , If you are reading this I wish you a healthy and long life . keep enjoying
@hatu
That is called overload blockchain
This is another unique post. You have many posts about ethereum. But I have little knowledge about it. Give me a link to know more about ethereum. How to work here? Thanks for your post.
I believe you are using Ethereum and blockchain interchangably. Ethereum is one type of blockchain; UChain is its competitor in a niche market.
Learn what blockchain is here.
great biockchain
amazing seen
nice info
Sir, great content as always.Blockchain is getting 💪 day by day with its usecases.
When its comes to blockchain its sharing is caring.
That's an interesting point of view.
A decentralized ecosystem could benefit from such a principle.
This post has received a 58.82 % upvote from @boomerang.
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Glad you liked it :)