The new platform - Usechain - solves existing blockchain problems

SITE: https://usechain.net
WP: https://usechain.net/usechain_tech_en.pdf
Btt: https://bitcointalk.org/index.php?topic=3609821

The new project, Usechain, is designed to facilitate and accelerate the process of personal identification within the blockchain technologies. The project is based on an innovative ‘mirror’ protocol, which gives possibility to compare the blockchain addresses and users standing behind them. It solves such an urgent issue of today’s blockchain as a balance of anonymity and trust. All users have the right and the ability to remain anonymous within the network, but at the same time for other users this may seem like a threat, since they don’t know who is with them side by side on the same platform.

Innovative technology

The issue of trust in conditions of anonymity is one of the most important problems of blockchain technology. The capabilities of the new authentication system will allow platform participants to store their data in a secure and confidential manner, at that all actions on the platform will be as transparent as possible.
To implement this protocol, identity reconciliation is used. This process is a comparison of the project participants and their blockchain addresses and recording the result on the blockchain. At the same time, it is an absolutely safe and effective technology that leaves all the data obtained in the reconciliation process (except for the immediate result) confidential.

Goals and objectives of the project

The following goals and tasks of its developers served the creation of the project:

Building a reliable and secure user ecosystem, where trust is supported by technology
Attraction of attention to the issue of identification of a person on the blockchain
Eliminating the anonymity problem on the blockchain without limiting the freedom of users
Decrease in electricity consumption of blockchain networks
Increased blockchain productivity

The creators think the main goal of the project is to integrate their technology into existing blockchain systems. It can also be used to solve the problems identified in the development of blockchain technology. In addition, identification technology can be the basis for creating a huge number of new applications based on the blockchain.

Areas of application and basic Usechain functions

This technology can be used in:

Financial sphere (payment systems and decentralized applications)
Insurance
Lending
Cryptocurrency exchanges, etc.

Thus, Usechain is an infrastructure for various decentralized applications that can be used in completely different areas of our lives every day. In addition to solving the problem of finding a balance between the anonymity of users and their trust in each other, Usechain can solve the problems associated with scalability, decentralization and security. Large companies and ordinary users will be able to take advantage of the platform within one ecosystem.
In addition to anonymity, Usechain wants to create an even more transparent blockchain using technological innovation in the form of more accurate and reliable identification of users, while remaining a safe platform for all its participants.

The main functions of the project will be:

Increased productivity with reduced electricity consumption
Maintain user privacy
Building a more open, yet reliable platform
Creation of a convenient ecosystem for all comers
In this case, Usechain is the first blockchain based on the "mirror" protocol and integrated with various innovations in the field of blockchain.

Token

The UST platform token is the guarantor of the growth and development of the platform, while it is a means of paying for application developers and allows users to work immediately with the many necessary decentralized applications

Token: UST
Softcap: 1350 Bitcoin
Hardcap: 4,500 Bitcoin
You can get UST tokens using Ethereum and Bitcoin
Total number of tokens: 20 billion

Token distribution:

9 billion go on sale
4 billion will be distributed as part of the Bounty program
3 billion is to pay for services to developers
3 billion is to pay to project team members
And 1 billion will go to the partners and advisers of the project

Project roadmap

The idea of the project originates in 2016, when the concept of a new algorithm for identifying users on the blockchain.

The first half of 2017
Definition of goals and objectives of the project
Creating a roadmap
Launching of the Usechain project

Second half of 2017
Detailed planning of the platform ecosystem
Development of the blockchain
Start of cooperation with partners

2018 year
Development of the functions of the blockchain
Creation of the algorithm for persons’ reconciliation and their blockchain addresses
Achievement of 50 thousand platform participants, and by the middle of the year and 100 thousand
Launching of a test version of the platform and the first decentralized application

2019 year
Launching the platform and increasing the number of decentralized applications

Project team

The project team consists of specialists working and educated around the world, for example:

Project founder is professor in finance (USA)
Company director is marketing professor (USA)
Professor in the field of blockchain technology
Financial platform director is experienced financier and investor
Technical director is developer with many years of experience and etc.

Conclusion

Usechain can solve the existing problems of the blockchain, while reducing electricity consumption and increasing power, providing users with a reliable and secure platform. In addition, the simplification of identification can be integrated into existing platforms, which can simplify the life of users and add to them trust in the blockchain as a whole. We believe that the Usechain project will be in demand in all spheres of our life at all levels of society.