All through our lifespan, we humans keep huge amounts of details about ourselves, academic qualifications, account details and all that. The data we kept is not just limited to personal data only but it extends to the diverse commercial documents, getting cargo to storehouses orders, agreements including laws and promulgations.
Anytime data is stored on paper, the end result is a fragile and instant wearing away of such documents. Besides highly confidential documents can easily be accessed and this gives grave consequences.
Nevertheless, the conventional means of storing documents is still the commonest means of combining private details and identification.
The Need for Verification
With the increase in the number of smartphones and other mobile accessories available, more business deals are sealed through the internet. It is increasingly be one likely that we don’t get to meet our business associates in person, therefore, there arose the need for innovative ways of confirming their identity.
Where there are several alternatives in the market, it is expedient to have a mechanism that can quickly and reliably confirm the identity of customers as well as the partners. Getting new customers together with the need to check fraud and keep a stable level of operational effectiveness is rather herculean.
Every document is potentially challenging, getting a fake university certificate for instance can grant access to higher salary, getting the needed signature can mask the inefficiencies in work. The more the stakes, the more the desire to falsify the documents and this can violate the law and lead to riots.
The ENDO Protocol
The ENDO protocol leverages on in-built blockchain technology, preprogrammed data checking and document incorporation which assists companies, organisations and persons from fraud.
ENDO is a Blockchain, a protocol and several data confirmation services. The Ecosystem of the ENDO protocol offers a decentralized platform for confirmed data. Data that humans and machines can rely on: distantly, immediately and securely.
Benefits of Using ENDO Platform
Through the use of ENDO protocol, personal and public blockchain can be developed, the level of access to data can be set, the conditions for data transfer among several organisations can be set and data can be decentralized and shielded.
By using the ENDO protocol, applications have been built that enables the sharing of paper data with pen signatures to electronic ones. People can now get electronic certificate of their identity, customize things to form a digital passport of genuineness.
The ENDO Ecosystem afford corporate bodies and private individuals to partake in the data exchange procedures and make use of the services through the ENDO token. Every ENDO application and packages are geared towards attaining one objective and this is to offer a single, safe and confirmed atmosphere for all data types.
The ENDO platform is useful in academic environment, financial institutions, Know-Your-Customer instances, document flow, human resource and employment records, medical institutions, high-value goods and services.
ENDO Tokens
The native token of the ENDO platform is Etokens. The Etoken is an Ethereum-based ERC20 standard type token which is used as a means of paying for verifying data and transferring data among participants of the ENDO platform.
Conclusion
ENDO platform is a blockchain-based platform that allows the management of private, corporate and public data on attainments, awards, indices, transactions and so on through the use of ENDO platform. It demands the consent of the user before the saved information can be accessed by the third parties.
Here are some helpful links for more information
Website
https://endo.im
Telegram
https://t.me/endo_en
