Mobile Internet "Unicorn" Enters Blockchain, Reshaping People’s Production Relationships with 50 Million Users

Jun 05, 2018 at 13:34 // News
Guest Author
Unicorn enters blockchain

The development of blockchain has attracted worldwide attention. One of the most important reasons for this is that blockchain will change the entire world’s production relationships.

Reports indicate that a foundation from Singapore is working to change the production relationship of personal transactions using Youdeal. The goal of Youdeal is to solve trust and privacy issues that all transaction platforms currently face through a decentralized DAPP.

According to reliable sources, Youdeal will strategically cooperate with YUEDAN, which is China's largest person-to-person free transaction platform. On YUEDAN, users can directly connect and conduct transactions between themselves. What YUEDAN promotes is a free lifestyle with the philosophy “all for one, one for all”. Consumers and service providers are united, and users can either be individual consumers or personal service providers. At present, it has more than 50 million users.

In addition to YUEDAN, Youdeal will also work with other social and service companies worldwide. They are currently in touch with companies such as Craigslist, Tinder, Line, and others. Youdeal will first enter the market through application scenarios, and then promote a revolution in the entirety of production relationships by setting up industry agreements.

Bryan Schreier, Silicon Valley VC star investor, once pointed out: “At the consumer level, it is clear that the next big company to be valued at $50 billion will be born in the “hybrid” industry; a business that combines technology and manpower."

According to the AppStore download rankings, it seems that the user growth rate of YUEDAN has far exceeded Telegram’s.

Telegram, a giant in the social media field, is eagerly greeted by investors. Currently, it has raised $1.7 billion, and the combination of "social media + transaction + blockchain" will have even more potentiality and space for creativity. The Internet "Unicorn" joining the scene is just a tip of an iceberg. It remains to be seen how the blockchain will promote technological progress through application scenarios in the future.

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