Linking real business, the Universe Energy Chain (UENC) makes blockchain truly enter life

At present, the Chinese blockchain market is full of "three-no" projects, no application scenarios, no technical teams, and no business logic. Therefore, in 2018, people's calls for blockchain technology to "get rid of virtuality and become pragmatic" are getting louder and louder. The market generally expects that this year will be the year of blockchain technology application. In this context, the public chain focusing on the application of blockchain technology, the Universe Energy Chain (UENC), came into being. UENC is an economical, high TPS, large-capacity, and highly secure public chain focusing on commercial applications. It is committed to creating an online and offline open ecosystem that integrates the trinity of community, foundation, and offline merchant alliance.

The Universe Energy Chain is an online and offline ecosystem with strong compatibility. It achieves legality and compliance through distributed community autonomy and foundation governance, and uses the POS+POW hybrid consensus mechanism to ensure sufficient computing power to support the operation of the Universe Energy Chain system while reducing resource waste.

UENC truly connects the real business society and reconstructs the online and offline value credit system. It is characterized by convenience, mobility, and mutual trust, and is measured by consumption value and circulation value. Through online consensus mechanisms and offline value circulation, it reshapes the value measurement of human society in the big data era, builds a new system of integrity, value, and order rules for economic and social development and various activities of people's production and life, realizes consumption value-added, and establishes a healthy ecological economic mechanism between consumers and businesses.

UENC's Vision

UENC's vision is to make blockchain technology truly enter people's lives and integrate it into offline consumption scenarios such as shopping and entertainment. Through UENC, offline consumption scenarios and online usage scenarios are connected to form a closed-loop ecology of offline consumption and online use. UENC reshapes the consumption model with a distributed concept: extending the consumption chain, connecting offline consumption scenarios with online ecology through UENC, promoting positive feedback of consumer behavior, and creating a commercial closed loop that integrates online and offline ecology.

UENC's business model

UENC Business Model

Merchants in the UENC ecosystem use UENC dedicated POS machines (mining machines) to receive payments, supporting online payment methods such as WeChat and Alipay as well as UENC payments. The consumption coefficient (CC) is related to the customer's average daily consumption amount (Amount of Consumption, AOC), the average daily POS consumption times (Consumer times, CT), the total consumption fixed coefficient, and the cumulative consumption amount.

Merchants attract users to shop in their stores. As the number of purchases and the amount of purchases increase, the merchants accumulate more computing power CC, the probability of producing blocks increases, and the more UENC they obtain.

For consumers, every time they make a purchase, they use WeChat UENC wallet to scan the designated QR code and upload the invoice information. The backend database will automatically match the data in the merchant's POS machine to check whether there is a consumption record. If there is, the merchant will give UENC in proportion to the consumption amount, and consumers can withdraw it to the digital asset exchange at any time. The control and ownership of UENC itself belong entirely to merchants and consumers, and no one can modify or transfer it. Unlike traditional digital currency mining methods, UENC consumption mining further realizes decentralization. The UENC generated by consumer consumption behavior allows consumers and merchants to achieve a win-win situation. UENC can be traded on digital asset platforms. The trading platform is not simply a token exchange platform, it will become a channel for the issuance, circulation, dissemination and marketing of small assets.

Technical features of UENC

 Fiat-Shamir identity authentication protocol based on zero-knowledge proof

The Fiat-Shamir identity authentication protocol can make the verifier believe that the conclusion is correct without providing any useful information to the verifier, thus fully protecting user privacy.

 POW+POS hybrid consensus mechanism

In order to ensure the degree of decentralization of UENC and allow more nodes to join the Universe Energy Chain, the Universe Energy Chain initially adopted a hybrid mechanism of POW and POS. On the one hand, it ensured that the Universe Energy Chain system had sufficient computing power support and operated safely and stably. When the Universe Energy Chain ecosystem reached a certain scale, the consensus mechanism was changed to POS, and the UENC business model determined UENC.

 IPFS storage solution

In response to the intelligent storage needs of the massive data collected by UENC hardware devices, UENC adopts the IPFS storage solution. IPFS is a new network data distribution mechanism. By providing services for billions of files used by the global peer-to-peer network, it proves the effectiveness of content addressing in decentralized networks. Users on UENC can publish files that cannot be tampered with, are open, transparent, and traceable.

UNEC Team

Joseph Quispe CEO & Founder

Master of Finance from Harvard University, co-founder of NetSprig, and vice president of UXPA Poland. He is a serial Internet entrepreneur who is well versed in the development of the Internet. He entered the blockchain industry in 2014 and has been working in it for several years. He believes that only when blockchain enters people's daily lives can it completely change people's lives.

Jayanth Kumar Enugala CMO & Co-founder

Marketing at the University of California, San Jose, and Best Buy North America Project Manager, working globally to provide brand promotion plans to the Asian and American markets. Has extensive experience and skills in brand building and marketing, especially in global marketing.

Jason Shen Head of China & Co-founder

Entered the blockchain field in 2015, an expert in blockchain community management. Has a large fan base. Investments involve the upstream and downstream of the blockchain industry, including mining pools, Ant, Quantum, Binance, blockchain smart bracelets, etc. Has rich experience in blockchain project promotion and operation.

Niklas Jonsson CTO

He holds a master's degree from Stanford University, majoring in communications engineering. He has led the construction of communications infrastructure projects in many countries and has experience in international project technical architecture. He has served as CTO in Internet companies such as G2A and UXPA. He entered the blockchain industry at the end of 2015 and is a code contributor to open source projects such as Hyperledger and Ethereum.

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