ENDO: THE CERTIFIED DATA VERIFICATION PROTOCOL
This is how the team describes Endo: “Endo is a Protocol that solves the problem of certified information tracking and encrypted data storage. The Endo ecosystem allows organizations and users to participate in information and service exchange through the EToken.”
How Endo Works
Endo ecosystem seeks to bring solution to a number of problems ranging from eco-centralization, data verification and protection, modification of information, inconvenience due to storage, ecology, manufacturing, and data safety.
Endo protocol is a certified data verification protocol which allows organizations and individual users to take part in information and service exchange process. The main target of this system is to create a single secure and certified environment for all crucial data, whether personal, corporate or public.
Benefits And Mechanism
The system aims at controlling all information and data available about education, identity, medical records and so on from a central control unit. It plans to achieve this by providing protected access of all stored data to third parties desired by the data owners.
As per corporate use, Endo looks at connecting organizational applications to its system through API to ensure inter-trade information. From that, users will receive Endo Tokens as a compensation for allowing access to their personal data. Endo Blockchain creates a form of decentralized ecosystem that allows only certified data that users and corporate organizations can trust for use.
With the help of Endo protocol, users can safely create private and public Blockchain. The platform will configure certain levels of access to users for information, providing conditions for data exchange between different organizations and users, while depersonalizing and protecting data privacy against hackers. To this end, Endo protocol has developed applications that allow the transfer of paper documents with ink signatures to digital ones. With this system, a data owner can receive a digital certificate of their identity, while branding these data so as to create a digital passport to authenticate information and data received.
All private data relating to personal, corporate, and public information regarding assets, liabilities, achievements, awards, indicators, transactions, etc., is stored using the Endo platform. With a set of rules, algorithms and business logic, Endo platform controls the interaction between network units. It allows these units to communicate and transfer data among themselves in a secure and protected manner.
Another benefit Endo brings with its capacity to support other blockchain technology, especially Ethereum-based blockchain. Endo will ride on existing popular platform – Ethereum blockchain- to conduct its ICOs i.e. although there are windows open to integrating other protocols like the EOS blockchain in the future. The implication of that is that Endo will operate as “smart EOS contracts on the Endo platform.”
Endo gives a lot of hpe to displace existing platforms with its unique feature of decentralizing the ecosystem. Its ability to incorporate other blockchains in its future plans is an edge on which it can leverage. All important data are treated with high level of security and privacy. The striking point for data owners is that their consent is sought before the third party gains access to their secured data.
Some Important Links On Endo
Bitcointalk Username: Donass1
Bitcoinalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2084730