USECHAIN: TRANSFORMING IDENTITY MANAGEMENT SYSTEM ON THE BLOCKCHAIN

in #blockchain6 years ago (edited)

OVERVIEW
In the process of developing a mirror Identity Blockchain as massive as it could ever be imagined, basically the thought of it been a fantasy or elephant task can never be eradicated because expert has put in place the plans but considering the huge resources in time and capital that is needed to be committed in to it including there's a level of trust that will be built as per the issuing of certificate. Their words is also founded on the need for companies willing to embark on such task to know that a lengthy and profound research work has to be done before the knowledge of mirror identity block chain which could help clamp down the menace of increasing rate of data theft and activities of scamming who hide under the anonymity provided by crytocurrency to carry out their illegal activities.
usechain.jpg
After thorough scrutiny it is pertinent to note TV that blockchain is currently been adopted by few enthusiastic individuals having faced a conventional acceptance issue due to some of its technical structures which are bottled neck, huge energy consumption rate in addition to its anonymity in which there is no connection with the real identity off chain which permits fraudsters to easily carry out their illicit action without an accurate trail of their identity been possible to avail restricting the full adoption.

Additionally, the High Energy consumption rate as experienced with the use of some blockchains such as Bitcoin, Ethereum is the fact that they have a relatively low performance level and cannot be in-corpoorated into the daily activities of companies who want more than the relatively low 7-25% currently been offered by this block chain.

The crucial menace that is currently experienced with the use of crypto currency is that building a public decentralized application is still difficult as they would have to get approval from KNOW YOUR CLIENT (KYC) and ANTI MONEY LAUNDERING check before a vast use on diverse applications can be made feasible and accessible which in turn cause a lot of individuals to withdraw.

Imperatively, USECHAIN was established on this vision as a completely decentralized crypto currency world where privacy and efficiency is achieved in addition to the transparency across all boarders that it provides. Usechain combines several technological mechanisms such as Multi-level authentication mechanism, Randomized Proof of Work(RPOW) consensus mechanism, Network Sharding Technology, Identity Virtual Machine as well as Light Node Client and Online Fault Tolerance.
Basically, the platform through its blueprint has structures and vision to propel by superb Architecture Design and Dynamic Innovative Solutions. Analytically, the innovative solutions is critically based on profound combination of Network Layer, Incentive Layer, Data layer, Smart Contract Layer and Consensus layer all interrelated to achieve an ecosystem which can meet specific demands and requirements of diverse applications in security and optimal performance. The technical framework of Usechain assist to achieve a simplified developmental process which can handle transaction done on a large scale. Higher flexibility, Security and level of performance is all but achievable with the technical designs of Usechain.

The Multi-Level authentication mechanism is a cryptography solution which ensures that authentication processes are completed without a damage to security privacy as only mapping relationship record is made on the chain while other privy information are protected.

Usechain Randomized Proof of Work consensus mechanism based on newly developed technology which ensure that high frequency transaction verification can be achieved. With this a co-operating communicating coupled with an attack resistant is feasible with the synergy of distributed ledger and decentralization.

The introduction of Network Identity Sharding, Identity Transaction Sharding coupled with KaZaA P2P protocol, it is possible to confirm transaction addresses within the Sharding Network. This also accelerate the rate of confirmation of transaction in a short period of time while bearing capacity projects upward while resisting double spending offensive charge. This is made possible with the use of Network Sharding Technology.
With the use of Identity Virtual Machine, Usechain has the potential to build a high performance smart contracts as well as building a superb interrelationship communication between Identity Virtual Machine and External data which will produce a resultant efficient execution and extension of various application script.

The Light Node Client uses a reduced data for the synchronisation and confirmation of data and transaction accuracy with the use of Higher- Level Merkle Tree BCMT. This is in addition to the Superb Online Fault Tolerance which will help birth the dat a and transaction decentralization where maximum efficiency and transparency is achieved coupled with the restore of the original conceptual meaning of Privacy and guarantee protection of every adopter.

For more information kindly access the links below
Website: https://www.usechain.net/
Whitepaper: https://www.usechain.net/usechain_en.pdf
Facebook: https://www.facebook.com/UsechainFoundation
Twitter: https://twitter.com/usechain
Telegram: https://t.me/usechaingroup

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