Endchain: A new effective and cheaper way to handle the supply chain ?
A lot of people, companies and countries worldwide are suffering from fake products that put a lot of people into health-complications and life threatening situations.
Fake and Counterfeited products has been affecting the consumers directly already for a very long time and as a result, it makes companies and countries bleed financially at the same time.
We know that when people got Harmed or put into a very frightening situation by a counterfeited/fake product, the country will help the people and will be willing to spend even millions in able to prevent that tragedy from happening again. The companies also looses money because when people bought a product to whatever the brand is and they do not have the ability to know whether the product is genuine or not and it happened that the counterfeited/fake product have hurt or harmed them, people will not buy that product again thinking that they bought the genuine one and only gave them problems resulting into lose customers. customers who experienced such thing spreads the tragedy through word of mouth and even on social media’s that will really make a company bleed well financially.
We all know that prevention is the key that’s why when the blockchain technology emerges. People thought of a way in able to use the blockchain’s unique feature which is its immutability into the supply chain solution. That way fake products will be minimized and hopefully over the long run. There will be no fake products that is being bought because we can be able to determine whether what product that we want to buy is a genuine one.
And some month or year ago, logistic solution companies has been made. And they are using rfid or nfc chips in able to locate, record the history and ownership of a product. They can even determine the temperature of raw products such as meats like beef, pork etc. on its travel journey. By doing so, the genuinity and quality of the products really improved and will really improve more in the near future.
But using Rfid/nfc chips is like using a double-edged sword because of the price of it. Yes it can be able to do the stuffs mentioned above but it can also make the price of the product go higher than the normal price.
And now here comes the Endchain all-in-one patent-pending logistic solutions to all
market supply chain who uses only combined QR patent-pending code and Bar code. This one is very disruptive and first of its kind to think such way in able to approach the supply chain.
Right now even if Endchain is still on its ICO. a lot of potential clients are getting interested on the project because it is a cheaper supply chain solution and it can also perform effectively what the other market supply chain logistic companies can do.
The Endchain team are very experienced when it comes to what they are getting into,
they got decent roadmap which is for now is until Quarter 4 of 2020 and the full version will be launched at Quarter 3 of 2020 which is a very important part of the Endchain development.
The Endchain pre-ico is currently taking place with a stunning 50% bonus And do you know that Endchain also already got ready exchanges for liquidity more likely after the ICO ?
They are tokenstore, ddex, yobit, bancor, and singularX and hopefully more big exchanges to come in the near future.