Henry Cao is a professor at Cheung Kong Graduate School of Business, and he is also the Founder & CEO of Usechain. They plan to build the first legally compliant financial service public blockchain. Usechain is different from other identity chains. Other identity chains, they just put your identity on the blockchain everybody can see it, then you don't have any privacy. In our case, your identity is never on the blockchain is privately collected and preserved with a certifying authority and the certified authority will give you a index, then the index will be committed to a public address. So basically, through a different agency. So this way, we have a like China war between your identity verification versus your public address. So nobody knows who you are on the blockchain. But the government if you can collect information from both parties that can find out who you are. What is the progress of the project right now? "We are planning to do an internal test next month, and it should be available about February to March next year for public use. And then we're also talking to collaborators to build an ecosystem including insurance, the payment system and personal tokens. We're also planning to work with car services and house sharing services so hopefully, we find a killer application for blockchain which is like really needed. Right now we are in the bear market this is time to build the technology maybe two to three years now we have something like the Goldman Sachs on the blockchain." Henry's 3 suggestions to entrepreneurs in the blockchain space: 1. You have to be patient because you cannot build a Google in one day. 2. If you want to invest in you have to rely on your own judgment. Don't just listen to canal intermediaries have to talk to the project developer taught has first-hand information. 3. Even now is the bear market, but I think it's a good time to get in. Learn more about Usechain: https://www.usechain.net/ ------------------- Heidi Yu on Social Media: YOUTUBE- http://bit.ly/heidiyu INSTAGRAM- https://www.instagram.com/heidihanyu/ FACEBOOK- https://www.facebook.com/heidi.han.yu TWITTER- https://twitter.com/heidihanyu Support Heidi's startup: http://www.BOOSTO.io Support crypto community: http://www.cryptoinfluence.io