UCHAIN - The Next Generation Distributed Smart Network Blockchain for the Sharing Economy

royan3910 (9)in #uchain • 6 years ago

What’s UChain

UChain is the first public infrastructure blockchain specifically designed for the global sharing economy. Along with other sharing economy enterprises, UChain aims to build its underlying blockchain network to solve the current problems of trust and data abuse. Exercising API's and SDK's provided by UChain, all sharing economy enterprises are able to issue their own token and build their application on top of the UChain network, together making UChain a better global autonomous sharing economy ecosystem.

Solution

UChain’s Solution
PEER TO PEER NETWORK
Decentralized peer to peer blockchain network with smart contract to cutoff intermediaries.
DISTRIBUTED DATA STORAGE
Encrypted data shredded and stored on different nodes to improve data security.
USER CREDIT PASSPORT
Cross application user credit passport with a proprietary credit rating algorithm to effectively record user behaviour.
TOKEN INCENTIVE
Tokenized ecosystem to increase participation and engagement of both users and enterprises.

Ecosystem of UChain

There are two major roles that drive the UChain ecosystem, users and developers.

Users can be categorized in service users, independent service providers and enterprise service providers. They use or provide services on UChain. Independent developers or UChain foundation developers create and maintain the infrastructure of UChain.

They interact with each other, establishing their distinct values to make UChain a better ecosystem.

Technical Framework

Consensus
Ripple Protocol Consensus Algorithm
Smart Contract System
Smart contract with virtual machines that support C++ and Solidity language and convenient SQL commands within smart contract storage system.
Distributed Shared Ledger
DHT (Distributed hash table) based distributed storage protocol with data being indexed by file content (Hash) instead of a file path (URL) and large files will be partitioned into fixed-size data chunks and distributed across multiple nodes.
Encryption Mechanism
Elliptic Curve Cryptography
System Performance
1000~ TPS