UChain is the world's first public infrastructure blockchain designed for the sharing economy. UChain aims to establish a peer-to-peer low-level blockchain intelligent network to solve the problem of excessive transaction costs, credit insecurity and user data abuse in the sharing economy. Through UChain's technology infrastructure, every sharing economy can develop its own Dapp on the UChain network and issue its own Token. In the future, with the increasing participation of sharing service providers, UChain will become a more completed global economic autonomous sharing economic ecosystem.
UChain cuts off intermediaries and minimizes transaction costs. UChain will establish a decentralized blockchain network, enabling peer-to-peer transactions between users and users. The traditional centralized platform will be cut off, and we expect transaction costs to be reduced by more than 20%.
UChain is a machine that creates user credits. UChain records all transactions in distributed nodes in the blockchain. This distributed ledger has super-encrypted and untamperable features and is transparent and traceable throughout. That is to say , the created "trust chain" is decentralized and difficult to crack, and once user transaction records continue to increase, user credits continue to accumulate, that is why UChain is a machine that can create user credit.
UChain returns data to users and guarantee data security. UChain stores the data of users and service providers in the blockchain, including account data, asset data, transaction data, consumption data, etc. They believe that the right of the data belongs to the user completely, and any third party other than the user has no right to query and delete, subtract or make user data. Through the above three efforts, UChain will lead the development of a new generation of shared economy.