ENKRONOS: The Trust Solution for Digital Platforms
A state-of-the art technology, blockchain after steam engine, computer, internet, and power, is believed to be the biggest breakthrough in modern day technology. Blockchain technology widely regarded as a fintech had been widely applied in evolutionizing various fields like the medical field, agriculture, gaming etc, where various decentralized applications (DApps) relevant to different fields are being developed on the blockchain allowing these sectors to function more on a decentralized platform giving more freedom.
Blockchain had also been adopted in developing digital platforms. Companies and institution likes are embracing using blockchain technology to develop their online platforms but have so far not being able to maximize the potential of blockchain technology in expressing their digital platforms, this is in due thanks, to the complexity and technical know-how of the blockchain technology.
Data generation is ever increasing in volume and value, with social media platforms like Facebook, generating most of this data and lot of bodies are calling for it ethical use. The centralization of this platforms allows third party almost free access to user private information. Most of these platforms make unethical use of users private data by selling them off to advertising companies and organisations involved in public survey for commercial purposes without the consent of the data generators (Users).
Developing a well detailed digital platforms like an advertising platforms, marketing platforms, data driven platforms and projects using blockchain technology is tedious and quite expensive and requires extensive knowledge of blockchain, and a well structured environment on where to build these digital platforms is Enkronos. Enkronos provides the technical know-how surrounding blockchain technology, efficient and secure, low cost of development and maintenance users privacy locking away personal information.
Problems Associated with Digital Platform Development
● High cost and maintenance
● Common problem of centralization
● In case of a blockchain powered platforms, it requires a technical mastermind on blockchain
BLOCKCHAIN SOLUTION: ENKRONOS
What is Enkronos?
Enkronos is a multi-application platforms that gives room for the development of digital dApps for marketing purposes, data driven platforms to be developed on it with the advantage of decentralization powered by blockchain technology. All applications of the environment use a centralized single sign-in (SSO) environment.
The consequence of unethical use of customers data by these centralized platform has led to the lost of public trust that will not only affect the perpetrating company but the entire sector.
What Benefits Enkronos has to Offer?
● Restoration of trust amongst public populace
Enkronos is basically designed to offer a trust ecosystem of decentralized blockchain-powered transparent system that will provide full service of ethic use of data for commercial purposes like advertising and marketing.
With Enkronos powered by blockchain, it will provide users with privacy and inherent security of their data taking advantage of decentralization. Othe digital platforms that will be developed on Enkronos will all comform to the decentralized environment.
● Enkronos Apps will influence all applications that will be built in it both web and app like, providing a common environment for all apps. It will be a commonplace for applications of various use from marketing to advertisement, artificial intelligence and internet of things, making all of them to co-exist.
● Enkronos will help simplify the complexity surrounding the development of decentralized applications (dApps) providing base for their development.
● Decentralization powered by blockchain technology will give Enkronos and all applications built in it transparency and scalability.
● Low cost and maintenance of digital platforms.
ECONOMIC MODEL
Enkronos token (ENK) is an ERC-20 compatible utility token transferable within the ethereum blockchain and will serve as the driver of the Enkronos application.
Uses
- Charges for development of applications in the Enkronos environment.
- loyalty and royalty reward.
- Competition prize
- Payment of charges for all necessary actions.
Conclusion
Enkronos is an application with real desire to restore “Trust” amongst gneral populace and be a driving force for ehhic usage of users data for commercial purposes like marketing and advertisement, and it commitment will help bring more value to data generation and security.
For more Information and Resources:
Author name: Adebanjo Tayo
bounty0x username: tonyryce