Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.
Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.
As more technological advancements are uncovered, EndChain, a decentralized platform utilising open protocols and utilities. Endchain will bring a solution by helping producers, transportation companies, forwarders and other parties in easy to navigate transactions where trust is not an issue. This will lead to a seamless exchange of goods while increasing security, transparency and traceability.
Broadly speaking, their technology is based on a combination of QR codes and Barcodes. They believe that with this technology there will be mass adoption by logistics companies around the world. Endchain technology does not use NFC chips, so it is clear that this is very cheap compared to other platforms, meaning that endchain does not only target large markets, but they will go directly to the middle and lower markets to solve logistical fraud problems. Newly developed startup companies will be able to use Endchain services, with the best service but cheaper. not only provides a solution, endchain also focuses on Direct Communication, Smart Contracts, Physical Security and Privacy.
How the Endchain service works
Endchain's QR code is very unique because it combines barcodes in QR codes. With this QR code, it makes easier for users to ask for a QR code because only one codes in the package. With Endchain's QR code it also makes it easier for other scanners that rely on old barcode technology will be able to scan barcodes. Thus, the Endchain QR code can work on all types of systems. An added benefit is that a single code could update any blockchain and any internal legacy system with a single scan. The aim is to reduce complexity while increasing efficiency.
Currently Endchain is starting ICO to sell ENCN tokens, the ENCN token is an erc20 token created using Smartcontract ethereum technology. The function of the ENCN token is as a payment tool that will be used on Endchain's services. For those who want to join and buy their tokens, you can go directly to their official website.
Endchain's token details:
- Token Name: ENCN
- Token type: ERC20
- Soft cap: 4 000 000 USD
- Hard cap: 15 000 000 USD
Endchain tries to maximize the potential of their tokens, so that no tokens are not used. one of the big problems that exists in the crypto market is that the adoption rate of utility tokens by users is still too small. That's why endchain focuses on ensuring a crowded market by involving companies to buy endchain tokens. Besides that, Endchain will also use 2-4% of their profits to burn ENCN tokens, so that the annual total supply will continue to decrease. This means that the fewer tokens that will circulate in the market, this will trigger price increases. For this reason, investors will benefit from this liquidity.
conclusion :
EndChain is the ideal answer for every such inconvenience as it centers around the lower end of the market, giving a solid and safe following framework for every one of the partners included. Indeed, even buyers purchasing used merchandise will have the capacity to pass judgment on the realness of their buy and the proprietorship history. Organizations will have the capacity to guarantee their administrations achieve their buyers as is and their image names are not abused. EndChain truly is one answer for all.
More information can be found here:
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