📣Publiс Utility Blockchain📣
#ENDO
✅Website: http://tokensale.endo.im
Common to different European states is the large rivalry in the field of housing and public utilities. In these countries, management of housing stock lies on the shoulders of management companies. Residents have the right to choose an organization that supplies electricity, water and heat. Consumers have also the right to refuse the services of the supplier if there is an organization that offers more favorable tariffs, or even to use the services of two suppliers at once: one will deliver light in the daytime and the other at night.
Together it makes a bulky organization with a lot of data that needs to be collected, processed and billed. ENDO Blockchain protocol can radically ease and change the way it works. As for now, condominium independently chooses a management company, concludes a contract and pays for services. Preparing and distributing monthly utility bills to residents involves manual tasks carried out by a staff of many people. ENDO can execute these operations solely using smart contracts that follow the certain conditions, established by the management company.
For example, utility bills can be automatically authorized to be sent at a pre-defined time. Using smart contracts condominium can instruct a management company to choose a provider of each type of public service on a tender basis while their final approval can be provided with Blockchain-based voting. Smart contracts can also help to approve the annual spending plan and - if management company abbeys all the agreements - to decide whether to extend the contract with the management company or to terminate it.
The fact that public utilities data is streaming from multiply customers put it under threat of being lost on the way. The distributed design of ENDO Blockchain provides the most effective protection as the data flow doesn’t collects by one center. The other advantage is the fact that all the data becomes clear, accessible and transparent.
ENDO Blockchain protocol is the best way to organize the work of public utility areas. It will benefit not only the residents, but also the management companies, making them get rid of manual and time-consuming work, bringing automation of processes, transparency and a high level of security to the data storing.
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