Yooba Ico Review : An Decentralized Blockchain Based E-Commerce System

About Yooba

The appearance of the Internet has caused a drastic change in people’s lives. Their lives are getting richer and more convenient. Using the Internet to meet daily needs has become the habit of most people. Nowadays clothes, furniture, snacks, books, games, cars, etc. almost all physical and virtual objects can be obtained on the internet. There are many services can only be obtained through the internet. There are numerous sites, large and small, that provide services that are all-inclusive.Also, there have been some problems and contradictions in development process. Yooba is a solution to the above problems. It is committed to allowing all consumers to conduct global consumption while protecting security, privacy, freedom, and convenience through one account. Yooba is committed to establishing a global, decentralized, transparent, fair, and dynamic business platform.

Token Basic Information

Multiple account types to support a perfect business scenario

Account

Basic account types, such as transfers, transactions, uploading or offline products and services, buying and selling merchandise services, setting up personal homepages, creating smart contracts, private chat, and other activities.

Store

Store has more features than Account, but there are a few limitations. Store has most of Account’s features Store can contain Store and Account inside, Store itself can become a big platform Certain activities of the Store have certain privacy restrictions.

Contract

Smart contracts are written in Turing complete language and run on virtual machines. It can complete a wealth of functions. Including insurance, logistics, security, virtual products and other scenarios using Contract. Privacy in Yooba business is also provided by smart contracts.Provide zero-knowledge proofs, ring signatures, and other privacy options for users to choose.

Only born for business

• Perfect account system to support rich business scenarios
• Store can contain store,account, for big platform, localization store possible
• Multi-layer structure, multi-layer credible middleman to protect consumers
• Upload or release merchandise anywhere, anytime

Yooba usage scene

Yooba is a blockchain system for shopping only. Although she can apply in all aspects, Yooba’s research, development and maintenance only focus on commercial scenarios and future related to goods and services. The following is a brief list of some of the application cases.

Share/sell/discover goods and services anytime, anywhere

Any user or company can upload their own products (including regular merchandise, artwork, second-hand items, etc.) or services (including virtual products such as knowledge and music) through the app or PC wallet. Some main websites can collect and classify the products or services they are interested in through Yooba to form various types of service websites. Users only need one Yooba account, and once they log in (browser plug-in login), they will be able to access all websites that access Yooba services.

Supermarket platform

A principal or platform with a strong reputation can establish a large platform or a large supermarket on Yooba and choose his trusted or controlled small company or individual on Yooba to pull into his shop. They established a virtual organizational relationship through Yooba. In this way, various complicated forms of business organization can be formed.

Supply chain

From small toys to large cars, all of their components can be found in Yooba. Anyone can choose the most cost-effective component they need on Yooba in a fair and transparent manner. Yooba has a complete record of supply and demand in the supply chain as well as their trading history.

Insurance

Different business scenarios have different risks and different security policies. Insurance is a basic service in Yooba (accessed by different service providers) and it is also a big business.

Storage, artificial intelligence, etc.

Yooba’s large number of commodity data, transaction data, etc. have put forward higher demands and broader prospects for storage, big data analysis, and artificial intelligence. Any company entity or individual can fairly acquire Yooba products, public transaction records, users, stores and other visible data to develop their own businesses and provide services on Yooba or elsewhere.

Nature

Yooba essence is a blockchain. Her goal is to allow all consumers to conduct global consumption while protecting security, privacy, freedom, and convenience， through one account; to establish a global, decentralized, transparent, fair, and dynamic business platform. So its design, community development, and application promotion will all focus on this goal.

Yooba key part

Yooba does not plan to implement its own blockchain system from scratch. Of course, doing so also has its advantages, but our resources such as manpower and material resources are limited. We chose to stand on the shoulders of giants. We chose Ethereum, which has a relatively mature technology and application in the current blockchain world (and thanks to Ethereum for their efforts and contributions to the world of blockchain).

Yooba will transform it to meet its own needs and goals. Of course, we do not intend to live in the shadow of Ethereum for a long time. We do not want the development of Yooba to be limited to the development of Ethereum. Yooba will step by step improve or even replace the core components of Ethereum, as long as it does not adapt to the development of Yooba, we will do so, of course, we will do our best to ensure Yooba’s compatibility. Yooba will gradually form its own complete technical system, in order to maximize support for its own development scene.

Account system

Yooba is for shopping and for business. According to its application scenario, Yooba has 3 types of accounts: Account, Store, Contract. However, compared with Ethereum Yooba, it expanded the account structure and capabilities to fit Yooba’s application scenario.

Account

Account is a basic type of account for Yooba. Most consumer account types are Accounts. Account can perform normal transactions, create smart contracts, vote, upload goods/services, downline goods/services, buy/sell goods/services. From the Account structure above, you can see that in addition to the balance attribute, Account in Yooba also introduces homepage, score, goodsroot, historyurl, and ordersurl.

Contract

Contract is a smart contract. Smart contracts are a collection of codes that accomplish a specific function. It can run on each node’s virtual machine. Since the language for writing Contract is Turing complete, Contract can implement a very large number of unique applications and functions, as long as the imagination is rich enough. At Ethereum, Contract is widely used in the issuance of tokens.

Of course, the smart contract in Yooba is not mainly used for this, it can be used as a pre-condition or postcondition of the transaction to ensure the smooth progress of the transaction. It can also be bought and sold in the form of goods as a carrier for a wide range of virtual products such as coins, limited-time products (image products, knowledge products), insurance, instant services, and so on. Privacy in Yooba’s business is also provided by smart contracts.

Store

Stores are everywhere in real life. In Yooba, the location of the Store is equally important. Account is like an individual in life. Store is like a real shop, a company, etc. The reason why the Store and Account are separated is that the meaning of the Store in Yooba is much different from that of the Account, and in the follow-up upgrade of Yooba, the Store often brings new features to meet the continuous development and improvement of the system.

Privacy

Privacy has always been one of the features that users are very concerned about. Assets, transaction records, personal information, etc. are very important to the user. Because this information is mastered, the user’s consumption habits, behavioral characteristics, etc. are grasped. No one wants to be completely exposed to another person, let alone to the public. Personal data should be mastered by individuals. No third party can guarantee 100% data security and freedom from data abuse. We should hold our own things in our own hands.

DPOS

Yooba is born for shopping. This transaction includes not only transactions between tokens, but also transactions of various physical and virtual goods. This puts high demands on the processing capabilities of the system and requires very low confirmation delays and very low transaction costs. Yooba chose DPOS, a consensus algorithm that satisfies these requirements.

All accounts with YOO token have a proportional vote for selecting which trusted nodes to use as the accounting nodes. Compared to POS, the DPOS reduces the possibility of users with large voting rights directly involved in evildoing. It also decentralizes and reduces their rights and makes the entire system more decentralized.

Community Development Plan

Yooba growth must rely on the strong support of the community. In order to avoid the concentration of tokens, to attract attention, and to stimulate the rapid development of the project, Yooba will take 20% of the tokens for airdrops. It is expected that 100,000 to 200,000 users will have Yooba when airdrops are completed. This gave Yooba a strong initial motivation.

We will develop a very detailed development plan. It is easy for every developer who is interested and able to contribute to Yooba to participate in the development of Yooba. At the same time, these contributors will also receive a clear Yooba token in return. And the earlier, the greater the amount of these returns.

Team

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This article is writing on 05 Feb 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258

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