Welcome my dear readers.I want to tell you about a very interesting project.UChain is a network of public infrastructure chains specifically designed for the global sharing economy. Along with other businesses involved in the market economy, the company aims to create a decentralized economy ecosystem that unites all countries, where each user can share values and freely publish content without intermediaries. All users and traders will be empowered through the UChain and its decentralized Autonomous ecosystem. The company is working on a solution, the implementation of a way to solve these problems will be to implement a truly free peer-to-peer network with a combination of blockchain technology along with the fundamental meaning of the sharing economy. The UChain platform uses middleware technology that combines innovative blockchain technology with traditional database technologies, allowing you to create tables similar to traditional databases on the chain, allowing you to quickly transform platform data between local databases and targets. Only by using this technology can the company ensure that complex data and historical reviews in publicly available economic applications can be stored unchanged, well structured, and quickly on the blockchain. The UChain platform uses the same properties as all blocked data can not be changed, including service provider transaction records, historical reviews, and other structured data to ensure legitimacy.
All transactions made on U-Bicycle DApp will be processed in UCN. The transaction itself, along with its payment information, will be transferred and stored in the blockchain. It will also be used as a data source for updating the user's Passport.
U-Bicycle will also have a system that distributes operational tasks with a symbolic reward. It will publish location-based tasks according to the actual situation, such as moving a certain number of bikes from location A to location B due to a disproportionate number of bikes. All users in location a will be able to view and accept the task, and once the bike is transported to location B, the task is considered complete and users will be rewarded with tokens that will be displayed before accepting the task.
What problems do you have to face
As a result, the platform, acting as an intermediary, instructs both parties to facilitate the transaction. Sometimes it collects deposits or collateral from both parties to reduce financial risk, which actually increases barriers and costs to the sharing economy.
Data leakage and abuse
Data breach is also a common social phenomenon where users are required to provide their personal information, such as phone numbers and email addresses, to a platform of exchange of their choice. Having received the user's information, instead of complying with the user agreement, some companies use this data for other purposes, some cases show that they are sold for money. The recent data scandal at FacebookCambridge Analytica includes the collection of personal information of up to 87 million Facebook users, which Cambridge Analytica began collecting in 2014. The data was used to influence the opinion of voters on behalf of politicians who hire them. Users not only have no control over their own data, but may also be concerned about all kinds of harassment.
The essence of the block chain is an Autonomous peer-to-peer network. It can provide a secure, decentralized and fully Autonomous ecosystem in which everyone can participate, which is consistent with the nature of the sharing economy. The exchange economy is a peer-to-peer business model that will be in a much more advanced state with blockchain application. The idea underlying the autonomy of communities, inspired people all over the world to participate in the development UChain and get benefits from it.
WhitePaper: https://uchain.world/css/img/pdf / uchain-whitepaper-dbe5656d6c.pdf