ENDO: CERTIFIED DATA VERIFICATION PROTOCOL

jivwe (38)in #endo • 6 years ago

As we go through life, all achievement, milestone, properties, events are all summarized in documents, whether you are a CEO/Founder of a multi-billion dollars company or an individual , we all have massive important documents be it health records since birth, academics records, financial records and activities, records of leadership positions held in various aspect of life, this fore-mention valuable information about us are all documented. Aside from individuals milestone in various organizations, signatures and documents are needed and passed from department to departments and at the end of the day they are archived and left in shelves for ages because they remain valuable to some extent.

Let's face it, we live in a digital world and this bulk paper shelves system is obsolete. We no longer send a letter to our relations in distant locations so why do companies still need to contact academic institutions to send documents in order to verify the claims of individuals for employment purposes?. Current Data management systems still remain stubborn in the face of the so much internet revolution.

ENDO Blockchain Protocol has devised a Data management system for proper secured data management and information flow.

WHAT ARE THE DATA MANAGEMENT PROBLEMS ENDO AIMS TO SOLVE?

Firstly, there is no platform where information can be verified, the process of verifying claims of individuals is costly and most times difficult e.g I have 2years experience in Crypto community management and I have worked with various projects in the past, but how can a new Blockchain startup truly verify my claims?? No way!!

Secondly, the system of storage of data either in physical form e.g archived in shelves or digital form stored in centralized servers ate vulnerable to destruction of theft. The Equifax security breach in 2017 left personal information of over 146m individuals in the wrong hands, documents kept in hardcopy can get stolen, or destroyed.

Thirdly, information can be modified or edited or replaced. Physical data or data stored is the cloud is subject to manipulations.

Endo solution leverages on the Blockchain technology to solve these issues, data is added to the end of a chain and with each new block contains new data that can't be changed or edited.

The decentralized method of storage ensures data is stored in various devices across the world, data is encrypted before storage and even if it gets stolen becomes useless as only the owner of the data can decrypt it. It is practically impossible to hack all the devices around the world where data are stored so scenarios like Equifax is not possible.

Data on endo can easily be transferred with the authorization of parties involved to the third party. This implies that your doctor doesn't have to go through a new test before administering treatment as your past medical records can easily be available anywhere in the world, your company won't have a headache verifying your academic records as your institutions can provide any information needed to them with a click of a button.

WHERE CAN ENDO BE APPLIED