Endchain is a program that will change the way in which the organization is carried out on the whole industry economically efficient way. Endchain offers a full and cost-effective logistic package that benefits all sides of the supply chain. While most of the Token to recycle high-end products, Endchain focuses on the market with a low and medium market-area that has been ignored for too long. Endchain can enter this market through ease and efficiency with the help of other tokens that are targeted on expensive NFC chips or manual input.
The platform uses the QR code endchain. It is unique to include a barcode in QR-code. This design makes it easier to use because users endchain will know how to crawl only the code found on the package. Other companies that rely on outdated barcode technology will be able to scan the built-in barcode. Thus, the QR code EndChain creates a special code to work with any type of system. An additional benefit is that one code can update both the block chain and any internal outdated system using a single scan. This activity aims to reduce complexity and improve efficiency.
Endchain strives to both its corporate users and investors alike. In order to meet the needs of both, a defibrillator-self-regulating economy will be used. Corporations will encourage you to buy and hold tokens Endchain for purchasing QR-codes, concluding contracts and accessing data streams.
The percentage of charges associated with these functions will be “burned” to reduce the number of tokens. If the market value of Endchain remains unchanged, the price of individual tokens will increase.
EndChain To achieve the success of token needs a prosperous market. Tokens that are not used do not have any purpose for investors. In addition, tokens with no constant number of buyers, create unstable prices. That is why Endchain focused on providing a vibrant market, attracting companies to buy Endchain tokens. Using our tokens, companies can get a discount on our QR codes, large data, and smart contracts. If the market for Endchain will be suppressed, to pay for each order requires more Token. When more tokens are used, more will be burned; Thus, increasing the price to achieve balance. As a result, it is safer to hold endchain for a long time as there are measures to protect against price reduction. Thus, Endchain will have a system of precise adjustments that ensures stable savings.
Present challenges
The fundamental problem that logistics face is today is incorrect tracking details of goods/products. The delivery of goods from manufacturer to end consumer has many stages, land transportation, carriers, custom brokers, freight forwarders etc. They have to keep the every track records manually on the outdated systems. Most of the times they are not transparent and they always provide inaccurate information in tracking details. Finding the counterfeit products in this outdated system becomes very much difficult and many a times consumers receive counterfeit products.
Presently there are many companies providing solutions to logistic issues but there is no complete overall solution exist. For different problems different companies provide solutions. Most of the existing blockchain solutions only focuses on luxury goods such as jewellery, handbags, diamonds etc.
Another major problem is the lack of responsibility. When the packages becomes lost, stolen, damaged or delayed, the companies shift their blame onto another. Due to the inaccurate tracking data systems it becomes difficult to check the exact status of the package. This makes the customers frustrated.
Principle of operation
EndChain is aiming to provide a full scale single blockchain solution to all verticals of supply chain and logistic problems. Blockchain provides decentralization, security, transparency and trust in the system.
As blockchain is immutible and incorruptible, the data once entered into it can't be changed. So every data entered by every member of the logistics network is uneditable. So scanning the unique QR code at each stage of transportation process helps to transparently track the real time location of the product. This potentially helps to avoid any theft of product at any stage because we can easily track, from where the product was stolen.
Smart contracts plays an important role in ensuring the responsibility of products at every stage of transportation. Smart contract will charge a certain amount at each stage of transportation from the associated members, in case of the successful delivery of the product, the incurred charges will be returned and if the product got stolen then the charged amount will be paid off for that product from the responsible party.
ICO details and timelines
• Token name: EndChain
• Token ticker: ENCN
• Tokens for sale: 74.5 million
• Softcap: $4 million
• Hardcap: $15 million
• Public sale start date: 1st December 2018
• Public sale end date: 15th January 2019
Roadmap
Conclusion
EndChain is here to revolutionize the logistics sector with blockchain technology. EndChain provides simplest and cost effective solutions to every problems of logistics and supply chain. Blockchain, decentralization, patent pending QR code and smart contracts make the network more transparent, secure and trusted. EndChain is a very promising project, it will definitely attract investors.
Learn more about EndChain:
Website: https://www.endchain.io
Read Whitepaper: https://www.endchain.io/#language
ANN thread: https://bitcointalk.org/index.php?topic=5055264
Telegram: https://t.me/EndChainIO
Facebook: https://facebook.com/EndChainIO
Twitter: https://twitter.com/EndChainIO
Medium: https://medium.com/@endchain
Reddit: https://www.reddit.com/user/EndChain/
YouTube: https://www.youtube.com/channel/UCfngp1u5OimZkTEm1NX78yQ
GitHub: https://github.com/EndChain
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1112705
