Topic > Role of Identity in Identity Blockchain:

There was a huge relief when the introduction of cryptocurrency was introduced, so many companies and businesses adopted its use as a source of relief from the ineffectiveness and from the opacity experienced in the centralized data exchange system. Added to this is the stark contrast between the slow pace of data transactions and the problem of a few individuals being responsible for the data and deciding how to control and govern it. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The introduction of cryptocurrency has been met with both acceptance and rejection. Acceptance that there is an exchange of opacity for transparency and fluidity with the rigidity experienced in the odd transaction system. The era of a centralized and monopolized market system has been interrupted and the era of its decentralization begins. Interestingly enough, there is another debate that the introduction of blockchain and cryptocurrency, despite its many advantages, has some shortcomings that needed to be addressed first. it is possible to provide full approval from various institutions for their use in enterprise applications. Cryptocurrencies like Bitcoin are believed to have increased energy consumption along with their relative low efficiency in data transfer. Some other cryptocurrencies do not boast a fully decentralized market. Scammers and criminals have also done their part with the use of cryptocurrency, their identity is protected under the guise of anonymity. The increase in the rate at which it is used for illegal data transactions resulting in huge financial losses has resulted in many companies being denied approval. A critical look at the blockchain and cryptocurrency world shows that the silencing of identity cases needed an overhaul as this has drastically affected the global approval of technological innovation. Surely more is expected from the use of blockchain, the threat posed by the identity challenge must be brought to an end. This pushed Usechain's collective mind to produce a vision that finally put an end to this threat. Introducing newer innovations to existing ones means that the level of security is more stringent and people can be assured of more efficient data exchange combined with a high level of performance. This panacea is rooted in the concept of the birth combination of KYC and AML to get approval because different verification processes and companies can now take advantage of the new era of digital proficiency. The power of public blockchain with mirrored identity. It is worth combining several technological innovations. The resulting effect is felt around the world. With the introduction of such innovations, one of which is employed by Usechain, complete decentralization is possible. This adds to the higher level of security and optimal performance provided. As a pioneer and leading company in the mirror identity public blockchain, there is huge potential in the mirror identity public blockchain, this obviously serves as a selling point that drives this company's vision. The introduction of Ramdominized Proof Of Work (RPOW) along with the previous ones, considering the pros and cons, shows that there is a reduction in the threat and attack of the previous existing monopolized market system. Some of the benefits include 1) Users' right can be effectively protected along with the accumulation of valuable identities, a resulting effect of consistency in transparency and efficiency. 2) Payment in