ENDO: Verifying Data With Blockchain
The only thing that tells much more about anyone in the world of today is DATA. Data implies information, which is likened to detailed info about someone. Data comprises of one's location, address, personal details (banking info, home address, degrees from universities etc). The advent of internet has made the spread of data faster and easier as users need to register on various platforms in order to be able to have full access, which they willingly give out without any form of doubt.
There are various issues engulfing the data industry, which i will quickly address below:
In recent times, it is no news that people claim to be what exactly they aren't, thus giving out fake data about themselves and unfortunately there is no measure in place to verify such info to ascertain the authenticity.
The current industry stores data majorly on a centralised system, which is susceptible to been altered by hackers, which then sell out such info to third parties with ulterior motives.
Unavailability of data encryption in the industry put individual data at grave danger. This implies that data cannot be retrieved if lost.
Exchange of data across countries is another great concern as there is a need for a translator, which on the long run may interprete or falsify the original data. A typical scenario is exchange of data between Germany and Russia. For Russia to adequately understand the data received, there is need for a German to help with the interpretation.
Due to multiple source of gathering data, it is impossible for the users to confirm actual source of each data.
To addresss these challenges and proffer best solutions ever, ENDO project came to the rescue.
ENDO is a decentralised ecosystem built with a protocol and various verification services to ensure that users have full rights over their data and can willingly give access to third parties should the need be. ENDO intend to create unique, transparent, secured, effective and certified platform for all kind of data.
The ENDO platform isn't just a thought or an imagined idea but actually a working product. The alpha version of ENDO-based apps is currently in used by universities, training and transport companies in Russia.
ENDO PROTOCOL
To help boost the ecosystem, ENDO integrate a protocol that would encrypt, store, secure and verify data on the platform. For effective transfer of data, ENDO protocol permit different nodes to communicate one another.
ENDO Protocol is best applicable to platforms with low transaction fee, ability to established a custom smart contracts, and high level of scalability.
ENDO CORE
ENDO Core ensures that any sort of applications are integrated on the blockchain ecosystem. Been an open source application, ENDO Core will securely handle data encryption and hashing, storing data, send and recieve data to repository.
ENDO TOKEN
The ENDO token is called EToken, which is an utility token that will be used on the ENDO platform for the exchange and verifications of data between members of the ecosystem, exchange of goods and services ragarding data verification, vote for the advancement of protocol and enhance DApp development.
To learn more about this revolutionary Project, visit the links below:
Website: https://endo.im
Whitepaper: https://endo.im/whitepaper
Medium: https://medium.com/@endo_protocol
Twitter: https://twitter.com/endo_protocol
Telegram: https://t.me/endo_en
Writer: Phlaser
BitcoinTalk URL: https://bitcointalk.org/index.php?action=profile;u=1236826