If you ask me which industry is a perfect match for blockchain technology, my answer would be probably logistics industry. Why? Logistics is all about tracking and accurate data, what can offer it better than blockchain?
EndChain should be thinking the same since they are all about marrying blockchain technology and logistics industry. Their biggest selling point is the patent-pending technology of combining the QR code and the barcode. With that technique tracking shipments will be easier and much cheaper compared to other methods like key infrastructure chips or NFC chips.
EndChain tokens will be pretty important in that system since corporations will be needing to hold these tokens to be able to buy QR codes, to access data stream and make smart contracts. EndChain also plans to burn tokens from time to time to keep the value of the token always at a fine level. Actually, it is safe to say that EndChain tokens are essential to the system, they are not like some useless utility tokens that we encounter in some whitepapers of some ICOs. From an investor point of view that is a very positive thing. It is as simple as that; if it is a utility token, it should be useful!
As I mentioned before, EndChain will use a low-cost barcode/QR code system. And that makes it very suitable for low to the middle market. Other solutions generally focus on high-end goods. With the low-cost solution that it provides, EndChain will be able to serve the tracking needs of low to the middle market.
I just mentioned that EndChain plans to burn tokens from time to time, let's focus on that; 2-4% of the revenue that EndChain makes by selling the product will be spent on burning the tokens. When we combine this reality with the fact that companies will need to hold tokens for their operations, it is logical to say EndChain tokens are likely to increase in value as time passes on.
I am glad to see they are committed to getting listed on many exchanges. That will be good for their token; EndChain tokens, its symbol is ENCN by the way.
I strongly believe that blockchain technology is the future of the logistics industry. The perfect combination of security, transparency, and traceability can be achieved by use of technologies just like EndChain uses. Their QR code/barcode strategy is a clever tactic as in the first stages it would be hard to impose a single standard. And their idea of burning tokens from time to time is a really logical way of protecting the value of their own token.
Did you know 13% of GDP globally goes to logistics and transport management industry? So think for a second, how valuable it could be to disrupt this giant sector. And if it is going to be disrupted, I believe it will happen with the help of blockchain technology. If you agree with me, go ahead and take a look at their website and whitepaper. You can find their links below.
EndChain ICO Whitepaper = https://www.endchain.io/assets/whitepaper/1539463908EndChain%20English%20Whitepaper%20Final%20Version.pdf
EndChain ICO Website = https://www.endchain.io
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*Disclaimer: None of this information is intended to be financial advice. This article shows my personal opinion and I advise everyone to do their own research.
