UCHAIN - For The Sharing Economy

emilyearl (45)in #blockchain • 6 years ago

Shared services are commonly used by everyone at a given point in time. This is because as human wants are insatiable majority of the human race are unable to provide all their needs by themselves and as such have to resort to the use of shared economy or services. The sharing economy to a large extent has helped man meet up with some of his needs but despite all this, there are still some short comings one face while using such shared services or economy. These challenges ranges from the high cost charged for such shared services down to the lack of trust and data insecurity. In the light of this, there is the need for a better option, a more robust means of accessing the shared economy and having a maximal experience.

Uchain Approach

Over time now, the middlemen through the centralized system has enriched themselves at the detriment of the end users. This alone has brought to an abrupt end of some business due to the loss of customers who could no longer put up with the exorbitant fees charged as commission fees by the middlemen. This is only seen in a centralized economy.

Uchain is revolutionizing this space, Uchain is bringing a new air, a fresh air to the sharing economy. Uchain is a decentralized public sharing economy which is built on the blockchain to mitigate what is currently seen in the present day sharing economy. Uchain through the blockchain technology is giving everyone the chance to take part in the sharing economy on a p2p level. Blockchain technology has given everyone the opportunity to take part in things they like or enjoy doing, this is due to the decentralized nature of the blockchain. Through the Uchain infrastructure, users are sure to have a one on one deal with each other directly. Not only this, anyone can build their own sharing economy on the Uchain blockchain.

This is to say that individuals have the privilege of deploying their sharing economy Dapps on the Uchain blockchain and also, individuals can as well tokenize their shared services and be accessed through the use of such tokens. The Uchain ecosystem is one which is built with the users in mind as it aims to help every user in the shared economy have a good experience and satisfaction form the services they get in the shared economy.

With Uchain, sharing economy will be redefined to enable users get all they want at a cost free and more secure way due to the integration of the blockchain open ledger platform and high-level security. Blockchain technology will enable parties involved in any sharing services, be able to keep track of transactions and the smart contract will enable the execution of each transactions once the set parameter is met. This will go a long way to improve trust in the system.

Summary

Uchain aims to redefine the global sharing economy by introducing a new approach to the sharing economy which is the introduction of blockchain technology. Users will have more fulfilling experience through the use of the Uchain ecosystem.