Endchain (ENCN) - Review
The innovations hinged to the blockchain has inevitably turned peoples attention to realities that surrounds and is now engulfing them, that the technology is here to stay and over time as the technology metamophores it has been observed and adopted although unofficially by various projects that ICOs provides the only viable and reliable way to raise funds to see the project through and that is what has been happening lately with the ICO market almost run over with new projects and that has posed another unique challenge identifying projects thatserves real purpose and have a chance of survival and thriving so that investors can investors and have a peace of mind.
As a bounty hunter per excellence you'd trust that in our line of work we have had the privilege to examine and even sometimes write about virtual projects with noreal-lifee implications and to time that is the greatest undoing of the blockchain, the inability of us to bring it to real life where people can relate with it, feel, touch and even smell it. Here is one I am really optimistic about, Endchain is a project that not only has areal life implication but solvesa real-life problem
The EndChain project is designed to break down existing problems using decentralization, open protocols, and services. The main objective of the project is to unite the efforts of manufacturers, transport companies, intermediaries and other persons, allowing to solve the main problem of our time - the problem of lack of trust. This is what will allow to move to a qualitatively new level of supply of goods, as well as to guarantee the safety, transparency and traceability of all operations.
EndChain aims to cover every sector of the supply chain, including the used car market. Our product will be affordable, allowing you to track even daily goods on a block chain. Additional functions for communication between the supply chain and allowing the creation of trailers further increase the relevance of the product to the supply chain.
Many companies are faced with the problem of lack of transparency in their work, remaining alone with other suppliers and companies. Suppliers, shipping companies, brokers, and government agencies use outdated supply chain tracking systems. Such techniques include the use of physical paper documentation and materially responsible persons. The lack of modern solutions leads to delays and the inability to track their own supplies. The use of the blockchain for placing orders, processing payment information and delivering reporting documentation will allow us to go into the digital era, and to refuse to work with materially responsible persons. The EndChainThe main feature of the project campaign is designed to combat these problems.
A compact company can only be as strong as its economy. EndChain is committed to both its corporate users and investors. To ensure that the needs of both are met, a deflationary self-regulating economy will be used. Corporations will be encouraged to buy and hold EndChain tokens for the purchase of QR codes, the conclusion of contracts and access to the data stream.
Endchainis the use of a combination of a bar code (patent is issued) and a TCA (UPC). The use of such a patent-protected tool makes the supply chain more simple and efficient for all participants in the process. EndChain system allows you to get reliable information and create a reliable space for the sale of second-hand goods. System EndChain allows you to confirm the originality and authenticity of the goods that were in use. To obtain such information, customers simply scan a QR code placed on the product. After scanning the QR-code, the buyer will see a green check mark or a red cross confirming or disproving the authenticity of the item or product. Using a simple structure allows users who are unfamiliar with blockchain technology to quickly determine the authenticity of a product. In connection with these events, Iko was launched, which will take place in several rounds:
Round 1 ($ 1.5 million) USD 0.16 (50% bonus)
Round 2 (USD 3.0 m) USD 0.18 (35% bonus)
Round 3 ($ 3.5 million) USD 0.20 (20% bonus)
Round 4 ($ 3.5 million) USD 0.22 (10% bonus)
Round 5 ($ 3.5 million) USD 0.24 (5 drawings; 40,000 tokens each)
Soft Cap: USD 4.0m
Hard Cap: USD 15.0m
EndChain creates a decentralized tracking platform for any product, fully including its life history, starting from production, where and how many days it was stored, when it was shipped to the buyer and how it will overcome all its way. It is unique and very convenient for customers, at any time online to monitor the goods!
That is, the buyer sees reliable and verified data in a distributed register and thus EndChain will be able to help organize a clearer delivery system, ensure its full transparency, and preserve large amounts of information. Finally, this will eliminate all the paperwork and the producers themselves will also monitor the entire supply process, eliminate the human factor in errors.
In general, such a platform will have a very positive impact on the entire trade industry, helping to reduce funds for the fight against counterfeit goods, to show the buyer that the product is actually made of high quality raw materials.It's not the first day I've been watching projects that offer the introduction of logistics solutions on the blockchain and are mostly narrow-profile, for example, only the transportation industry with the help of ships, tracking cars. EndChain also offers a universal and simpler solution for the entire range, where there will be no need for companies to manually drive all the information about the product, and it is enough only to scan it.
To implement their idea, the team will start the pre-sale of tokens tomorrow with a bonus of 50% and will last until January 15, 2019. The main sale starts on February 1, 2019. Thanks to the smart contracts used in the EndChain, now each point of delivery of the goods will not be able to escape responsibility in case of loss, damage, it will allow to solve such problems quickly.
In my opinion, EndChain offers an optimal solution to the problems that are present in the current logistics system, to increase its efficiency, to remove the production of counterfeit goods, to pay for the services of suppliers from all over the world with the help of digital tokens, to maintain complete confidentiality, to eliminate intermediaries in the form of banking and electronic payment systems.