BIUT is an electronic trust system implemented entirely through peer-to-peer technology. It is a system-level trust scheme based on blockchain and algorithms. It ensures that both parties to online transactions can successfully complete transactions through algorithms without centralization mechanism. BIUT solves the key problems of trust reconstruction in the new economy and new financial fields such as social e-commerce, sharing economy, P2P, crowdfunding, and crowdsourcing; it is the only way for developers, merchants, and users to open the door to the digital economy.
BIUT usage: payment, proof of mining rights and interests, transaction deposit, transaction market opening fee, transaction dispute arbitration fee, etc.