Endchain (ENCN) - Review
EndChain is a patent-pending blockchain utility company that is focused on bringing mass adoption of blockchain tracking to all markets. Our patent-pending QR and barcode combination allows EndChain to have 2 distinct advantages in this market: integration and price. Existing logistics companies and manufacturers see the benefit in blockchain tracking, but are hesitant to revamp multi-million dollar systems. EndChain allows corporations to easily extract both the generic barcode data and the item-specific blockchain QR code data at the same time. As EndChain's program will be running in the background of existing systems, our combination code will be easily identified by our program and the generic data will be entered into legacy systems for traditional logistics and manufacturers. Simultaneously, the blockchain will be updated with the item-specific blockchain data. EndChain brings blockchain benefits at a fraction of the cost to all products. The vast majority of solutions in the market rely on NFC chips or manual entry of data into the blockchain. EndChain will create an API that allows corporations to automatically generate and update the blockchain as well as print our codes directly on their packages, thus drastically reducing the price. This will allow low to mid-cost goods, such as organic food, to become blockchain enabled products. AI and Big Data: Our team will leverage their experience in AI and big data by integrating both with EndChain. AI will be used to detect and alert any attempt to copy our codes. This will be done via parameters such as: locations the code is scanned, number of times a code is scanned, etc. Big data will focus on the data gathered by manufacturers and logistics companies to best help them optimize their platforms.
EndChain’s aim is to disrupt the logistics industry through decentralization, open protocols and utilities. The goal is to connect 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.
I think the concept of this project is very good. although this project is not the first to have a concept like this, because before there were already a number of projects that almost has the same concept. A project that aims to track logistics shipping. And to my attention, they are trying to patent their technology. so it seems that the development team is moving quickly to protect the technology so that it is not copied by others. based on a number of considerations I gave a value of 8 for the Concept category. The reason is the technology they use. They don't just integrate their Platform with blockchain network. But their platform adopted all the advantages possessed by blockchain technology.
Based on the information I got, Endchain's ICO starts on December 1, 2018 and the it last until January 5 2019, Therefore we still has approximately 2 months left before their ICO ends. Please note that the Endchain project has a $ 4 million USD softcap and $ 15 million Hardcap USD. And there is still the possibility that their ICO ends faster than the schedule, provided they can reach hardcap.
Is this project worth investing in? when viewed from the duration of this project it is very suitable to follow because the duration that is fairly standard for an ICO project is not too long and not too short. Given this project has a quality concept, so there is no harm in trying.
Back to the topic at hand, in my opinion, The Endchain project is very worthy of getting 8 points for this category. the reason they have a standard duration and unlike other projects that have ICO time even more than 3 months and not a few also extended it.
The way I observe whether a project is popular or not is by looking at their telegram group and also the number of visitors from their website directly by myself. Many say a popular project, seen from how big their ICO income is. But in my opinion that is not enough because the number of website visitors, members of telegram chat groups, and followers of their social media accounts must also be considered. You might be suspicious if a project gets a large ICO income but the number of visitors to the website is very small. It could be that the project developer falsified their income or so on. For that, I gather some information, you can check what I found below.
The number of members in the Endchain official telegram group is 15,108 members (https://t.me/endchainIO).
Visitors per day on their official Website "" reach 116 with 256 Pageviews per day. You can see here for more details (http://www.statshow.com/https://www.endchain.io/)
Alexa Rank for their website endchain.io. Global 4,098,244 and local 336,925 (https://www.alexa.com/siteinfo/https://www.endchain.io/)
after you see the data I collected, maybe you think this project is less popular. I am not saying that it is wrong, but you must know this project has just been introduced. If you see the Ann thread of this project on the Bitcointalk forum, this project was only introduced to the crypto community on October 24, 20118. So it is only natural if they do not have many followers or there are still many people who do not know this project. The visitors and followers of their official accounts might increase when they approach their ICO later.
For the time being, unfortunately i had to give a value of 6 because I speak based on the data I get. But it does not rule out the possibility if my judgment to changes. I will update my review if this project has entered their ICO time.
Website Details and Whitepaper (8)
Website: I see their website good and easily accessible. All important explanations are already on their website. so for investors who want to know about this project, simply access the website without having to download the whitepaper. But if you want to know more details, a whitepaper is a must. I also see them having a countdown timer that shows when their ICO starts.
Whitepaper: The whitepaper seems to have nothing to comment on because I think their Whitepaper is pretty good. I was able to find all information about the Endchain project there.
For the Website and Whitepaper categories I give the value 8, the reason being there is nothing wrong with these two things. the website and all the good whitepaper information that I need can I get there. For the appearance it also looks colorful and not boring.
Project Development (7)
Currently their project is preparing for the ICO. so there has been no significant development from this project. One thing that concerns me is that they are trying to patent their current technology. maybe that is their current development, I know, considering that this project has just been introduced. For this category, I give a value of 7. I appreciate the fast-moving Developers team for patenting their technology.
So far the Endchain project is good, although the concept they have is not something that is new and mindblowing. But if you talk about business opportunities this project has a huge opportunity. Because the shipping industry is very much needed. What's more their system can solve problems. With the standard duration of ICO, this might be a recommendation for investors who do not want to look for quality projects with a short duration.
Okay that's the result of this review, how about it..? do you had the same opinion as mine..?. For the average value of the Endchain project is 7.4. A considerable point, The only shortcomings from this project may be in terms of popularity because not many know about this project.
For more detailed information about this project you can find out below
Author : Bitcoin demon