UChain: A Blockchain For Sharing Economy?

Introduction

UChain is a network that facilitates the growth of D Apps that utilize a sharing backed economy. The UChain platform will apply proprietary credit rating ecosystem and goals to design a decentralized exchange. UChain money (UCN tokens) will be applied as the base money within the system, which will also support the growth of URC-One standard tokens that allows supplementary sharing economies. Tokens can also be staked in order to acquire UCP, which offer voting rights.

Why UChain?

Realizing the power of the sharing economy which is hoped to reach over $500 Billion in 2018, UChain is creating an infrastructure for the worldwide sharing economy. In the sharing financial system, firms are intermediaries among users and service providers. In the sharing financial system, firms are intermediaries among service providers and users. Therefore, those firms will take charges from private suppliers, which lead to the boost of service expense. User info is also a danger of being leaked or theft in mater intermediary firms sell consumer info for cash or don’t have a sturdy security system to stop their info from being hacked.

That’s the factor why UChain come up with the plan of developing an infrastructure block-chain in which info about trades among suppliers and clients as-well-as their verifying is stored. Thanks to the modern tech of decentralized of Blockchain; there’ll be no intermediaries so that the trade changes will be decreased. Also, huge files will be partitioned into file sections saved across many nodes in its place of being saved centralized way by enterprises. As an outcome, it’s challenging for cyber attackers to attack the full file of the platform and enterprises can’t sell consumer info without being explored.

The Uchain platform has its own virtual wallet, moreover, the enterprise can develop D Apps on the peak of UChain system and issue their own money. Its agreement Ripple Protocol Consensus Algorithm or RPCA which is applied by the Ripple!

With this, trades which are needed to identify will be collected into a participant set, by a highly trusted node (A). There's lot other trusted nodes who’ll identify A’s contributors set by vote while A will also vote to identify the participant set for all other highly trusted nodes.

The plan is creating Block-chain for the sharing economy sounds creative and catching. Applying block can address the system of info security. Also, when the platform will take the place of enterprises to become a 3rd person among customers and providers, the deal cost can be decreased by 20 Percent. These aims are accessible. Though, it’d be more ideal for the group to think of a block infrastructure for the community in its place of enterprises especially.

Features:

• UChain is an Open infrastructure block-chain developed for the worldwide sharing economy.

• UChain database trade activities on the Block, which is broadcasted and saved by nodes in the platform, this allocated ledger is tamperproof and completely reachable, developing an resilient and decentralized "chain of trust"

• UChain is capable to adjust user’s info access via smart agreement, just below the consumer’s verification. When consumer approves the merchants to access their info, approves info such as an access term and process log, alongside with consumer’s open key signature will be stored on the block, making entire acts traceable, reducing the possibility of info misappropriation.

• The platform develops a new in Block each few moments by reaching contact via the RPCA system, assuming that agreement procedure is successful and there’s no fork in the network. The freshly generated block-chain is sole across the complete network.

• The UChain uses Elliptic Curve Cryptography or ECC to sign virtual assets to make sure the safety of each trade. The crowd key can be counted from a recognized private key. ECC is hugely regarded as the most energetic asymmetric algorithm offered the main length, which has been completely exercised in the BTC platform.

ICO details:

• Ticker: UCN
• Token type: ERC: 20
• ICO Token Price: One UCN = $0.0956 (0.00020000 ETH)
• Fundraising Target: $20,100,000 (42,000 ETH)
• Available for Token Sale: 40%
• KYC: Yes (the term is not set)
• Whitelist: Yes
• Min and Max Individual Cap: 2 ETH primary 24 hours, 0.5 ETH after / 2 ETH primary 24 hours, 5 ETH after
• Cannot participate: USA and China
• Accepts: ETH
• Token Issue: 30 days after the public sale has finished

Token sale info

23rd June: Public Presale ends
July 10th: Public sale starts
10th June: White listing starts
20th June: Crowd Presale starts

Private Sale: 22K ETH with a 50 Percent bonus, 50% of the funds will be locked for six months crowd Presale: 8K ETH with a 15 percent bonus, the bonus part will be locked for three months. Public sale: 12K ETH with Nil bonuses.