ENDO: An Open-source Platform with Business and User Applications, Powered by Blockchain

guchi (37)in #endo • 6 years ago (edited)

Hello friends, am here again to inform you about a new promising project that you can decide to invest in. This project copes with any problems concerning the tracking of confirmed data and the security of encrypted information. Sit back as I bring you a complete overview of the project.

INTRODUCTION

ENDO is a Protocol that takes care of the issue of certified information tracking and encrypted data storage. The Platform enables associations and clients to take an interest in data and administration exchange through the ENDO Token. The Ecosystem will store all your data in a single place and will give ensured access to your put away data to outsiders of your decision. Associations can interface with their own particular applications on the ENDO Platform through API to between exchange data, and clients will get ENDO Tokens as a reward for giving access to their information.

The objective of the ENDO is to make a typical common ecosystem managing the capacity and connection with the distinctive information choices. For example, the capacity of documents, KYC, validation, and rights to the specific item or administration.

Today market faces many challenges of which concerns both the consumers and many organizations. This can be stated below;

Centralization: The danger of information misfortune if the central server is broken/hacked.

Modification of information: Without encryption and decentralized affirmation, the data isn’t shielded from substitution, alteration, or cancellation.

Verification: The verification procedure varies by volume and sort of information; every organization has its own system for confirming data, distinctive due dates, diverse strategies, and places for recording documents, which prompts unnecessary costs.

The absence of a single convenient data source: Regardless of whether the data is affirmed and effortlessly confirmed, the information is transmitted in totally unique channels and gathered from various sources is quite laborious; data isn’t standardized, which complicates its utilization.

Manufacturing and protection: Today, records, securities, certificates are ensured by utilizing standardized using barcodes and holographic protective elements (HPE). The procedure of their production is costly and tedious, however, HPE does not ensure the important assurance.

Ecology: Notwithstanding cutting trees for the production of paper, a critical ecological issue in pulp and paper mills is the utilization of sulfate and sulfite innovations in the cooking stage, and in addition, the utilization of chlorine and chlorine compounds in the bleaching stage. With the presentation of Blockchain Technology, you can fundamentally diminish the amount of paper produced, which will positively influence the state of the earth.

Unnecessary consumption of resources: Organizations and governments spend pointlessly many natural resources, yet in addition financial ones. With Blockchain, there will be no compelling reason to keep a large staff of accountants, lawyers, and secretaries, since there will be no requirement for a significant part of the paperwork.

WHAT CAN BE DONE

The ENDO solution is an automated information confirmation benefit that permits to check the legitimacy of brands, pharmaceutical and food manufacturers, documents, including passports, foreign passports, driving licenses, photographs of permanent, working visas, and basically anything you can consider. This platform is an extraordinary instrument for checking of worldwide accreditations, utilizing a few best-tried information sources and permits to rapidly confirm the personality of the customer, even based on negligible data.

ENDO TOKEN

Token: ET

Platform: EOS

Type: ERC20

Price in ICO: 1 ET = 0.375 USD

Tokens for sale: 40,000,000

Accepting: BTC, ETH, LTC, FIAT

Distributed in ICO: 40%

Soft cap: 5,000,000 USD

Hard cap: 15,000,000 USD

Token Distribution