About technological innovations-
We all know how impactful technology is for our daily lives. With the third industrial revolution, we saw the beginning of a technological era as there was a shift from analogue and mechanical electronics to the advanced digital electronics. The invention of computers marked this radical change. Since then, we have been developing technology befitting our needs as time progressed. The rise of information age and the internet led to more advancements in technology. The cellphones we use are now converted to smartphones to foster our needs.
We have become increasingly dependent on the world of gadgets. From maps to shopping, education to business, everything has gradually grown with technology as its centre. We wake up to social media, navigate our ways via internet, use smartphones for calculations and conversions, shop on e-commerce websites, use 4th generation telecommunications services and study our courses through smart classes. Each and every aspect of our lives is shaped by technology. Technology saw such huge development as human need and greed and lifestyle changed. Technological innovations have been given a lot of importance and therefore young minds are fuelled to give ideas to improve our lives for better. A million of businesses based on technology, called startups in popular culture, have filled the markets. Alas, a few see commercial success because of numerous shortcomings.
Centralised industries-
With time, there was a need to build industries to mould the society in a systematic way. Working and earning and buying and selling were the basis of human life and thus the term economy arose. Industrial revolution, as we all know was a shift from agriculture and handicrafts to machine manufacturing and finished goods. There was urbanisation and workforce was more organized.
The first and the second industrial revolution gave birth to huge industries that employed thousands of people and goods were built, processed and manufactured every day. The roots of industrialization lay in Great Britain, during the time when British was ruling a lot of countries across the globe. Thus, industrialization was growing in way that a central power was the sole decision maker of all the activities and the people involved. This was called centralization.
After countries attained democracy, centralised industries continues to thrive and flourish as the capitalist way of life was already prevalent. Such industries often gave more importance to the growth of the economy than individual growth. As a result, people with low wages, low funds were the main sufferers in the cut throat race of supposed development.
In the recent years, efforts have been made to change this norm and move to a method which was more inclusive.
Decentralisation and blockchain-
Decentralisation was promised by blockchain, a technology developed in 2009 that promoted distributed markets and an all-inclusive platform. However, it had complicated software and the cryptocurrencies based on blockchain saw high volatility and hence couldn't be commercialised like many technological innovations with some drawbacks.
About Usechain-
As a solution to all the problems, comes Usechain, a redefined model of blockchain that aims to fix all the limitations of the blockchain technology. Usechain uses a mirror identity protocol that overcomes the demerits of blockchain. With this platform, decentralized apps, infrastructural technology and seamless transactions can take place with ease. It encompasses all the technological innovations and improves their transparency, security, scalability and trust. Once the user has established his or her identity in the platform, they are entitled to all the services provided. The UST token is the internal cryptocurrency of the platform that would be used in all the transactions. Along with that, there are reward programmes for users that help building up the community as a whole.
Conclusion-
Thus, Usechain is an initiative that filters and enhances the regular blockchain and makes it available for everyday use. With a user friendly platform that aids to commercial decentralisation, it is hoped to see huge success.
Website - https://www.usechain.net/
Whitepaper - https://www.usechain.net/usechain_en.pdf
Ann - https://bitcointalk.org/index.php?topic=3432061.0
Telegram - https://t.me/usechaingroup
Published by - smithjones
Profile - https://bitcointalk.org/index.php?action=profile;u=1936039
