What is EndChain Project?
What is EndChain Project?
EndChain is a decentralized platform utilizing open protocols and utilities with the aim of disrupting the logistics industry while connecting transportation companies, producers, forwarders, and other relevant parties through transparent, simplified transactions. The result of this will be a seamless exchange of goods in a secure and traceable manner.
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 emphasizes on the entire logistics chain process. That is, from the manufacturer, to the business, to retailers up to the consumers. This will enable EndChain to become a blockchain solution that is easy to use and understand for all the players within the supply chain.
By addressing the needs of the logistics industry during the production process, EndChain will improve the overall experience and facilitate the mass adoption of blockchain.
All data regarding items on EndChain in recorded onto its blockchain. This enables to users to view the items history but not be able to alter or delete any of the data and in doing so reduce employee errors while protecting the privacy of consumers.
EndChain features an encrypted communication process that facilitates all communication during the manufacturing and transportation process. The communication lines are secure, as only the participants will have access to it.
EndChain reduces theft cases during the supply chain process by marking all stolen items within the system. This enables it to identify and flag theft quickly during the manufacturing and transit process.
The platform will implement smart contracts with the supply chain, which will ensure transparency, and compliance by all parties involved in a process while also ensuring the validity of digitized logistics documents.
How Does EndChain Work?
EndChain will integrate all the products on its supply chain with patent pending barcode and QR combination in order to make it easy for businesses and users to use the chain. Additionally, this combination will reduce confusion among logistics providers and enable EndChain to easily integrate existing systems.
The major challenges facing manufactures today is supply chain mismanagement and counterfeits. EndChain provides a solution to this problem by tracking all products from the point of inception to their final destination. To make the tracking possible, each product is scanned at the point of manufacture and assigned an individual chain identifier.
Furthermore, EndChain will eliminate theft and ensure responsibility through the transportation code, which is scanned and sent to distribution and transportation centers. This monitors the movement of the items through the distribution process until their final destination.
After the consumers receive their item, EndChain will reduce the amount of work done by the store employees and consumers as the employees will only be required to scan the item in order to register the product as sold on the blockchain.
Consumers can resell their items using the EndChain system, which will facilitate the entire process to ensure authenticity of second hand items.
Token Sale Detail:
Price :1 ENCN = 0.24 USD
Accepting: BTC, ETH, BCH, LTC
Soft cap: 4000000 USD
Hard cap: 15000000 USD
Country: Hong Kong
For more information:
ANN Thread: https://bitcointalk.org/index.php?topic=5055264
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373