INTRODUCTION
Normally, people tend to gather and keep informations or details about themselves, may be large or even small informations and these details they keep may not only be personal ones such as school certificates, birth certificates, diplomas and other personal documents, even business related documents such as contracts, agreements can also be kept as wella s acts and declarations and the reason why these documents are kept is for so many beneficial reasons especially when a legal related issue comes up.
But these documents as we all know are mostly stored on paper and due to the nature of the material (paper) that these informations are stored on, the following issues tend to occur.
- Due to the nature of paper after a long while of keeping it, it tends to wear and tear off.
- The documents can be tampered with.
- The material is too fragile to carry around.
- A paper document can be forged or faked which can then be used for scamming.
- Due to large possession of different types of documents it becomes a burden to carry around when applying for a job.
However, the current way by which personal information and identification are stored is still very common.
Now, in this technically advanced world the invention of smartphones and the internet has greatly reduced the use and need of a paper type document since most people work through the internet and it's less likely to meet ace to face with a client, therefore a new fast and reliable way is required for the verification of identity between this customers and partners.
In addition, with this same modern technologies, anyone can easily forge a signature or seal when they come face to face with a client who insists on seeing the workers personal information before giving out the job and this client will fall for the wrong details, since there is no one database for actually confirming that document whether it is correct or not, this exposes the client to scam and high risks of losing his funds or asset in the process which is really not cool :(
It is to this confirmation of documents issue that the ENDO Protocol is built for, to tackle and eliminate paper type documentations, false documents and fraud.
The ENDO Protocol is built with the Blockchain Technology, Automated Data Reading and Document Integration which will help protect institutions (e.g Banks), companies and individuals from fraud.
The ENDO Protocol can be applied in the following areas;
EDUCATION: Using the blockchain technology, universities and educational institutions can give diplomas to graduates. In acquiring a job the traditional way, graduate need to collect and submit to the personnel officer several documents to verify that the documents are true and valid, it is usually a long process that requires plenty of time.
With the ENDO Protocol, diplomas can be stored on it and all the competitors have to do when acquiring for a job is to simply grant access to the personnel officer, easy, fast and convenient for both parties.
In addition, due to the decentralized storage technology that the blockchain possess all document will be securely stored and never lost plus all working documents requiring verification can easily be verified by an electronic signature with the help of the blockchain.
Benefits Of ENDO Protocol to Education Sector
- ENDO blockchain-protocol will create benefits for teachers, secretaries, students and officials.
- The forging/faking of diplomas will be eliminated through this Protocol.
- The institution will be granted fill rights to publish the documents.
- Since it is decentralized any third party data entry is ruled out.
- The published diploma on the blockchain either with public or restricted access will still maintain the same legal status it has on its paper equivalent.
- The diploma document will neither wear nor tear out and will always be easy to reach.
BANK: The banking sector has found more than 25 ways in implementing the blockchain technology in its services. Now, with the ENDO blockchain-protocol the following can be possible.
- Fast and secure transactions
- Using a single synchronized access system, tracking of credit history will be possible.
- Automatic smart contracts can be finished.
- Transparency: A user can be able to easily track their transaction on the blockchain.
With this ENDO Protocol, you can check the authenticity of almost any kind of information such as brands, manufactures of food and drugs also documents including visa, driver license, passports e.t.c. making ENDO a reputable and good verification tool as it fights fraud and fraudsters thereby reducing the level of risks.
For further information on the ENDO Protocol project click links below;
Website: https://endo.im/ru/
Whitepaper: https://endo.im/whitepaper/
Telegram: https://t.me/endo_en
ANN Thread: https://bitcointalk.org/index.php?topic=4073209.0
Bounty: https://bitcointalk.org/index.php?topic=4193980
WRITER'S INFO
Name: thaddaeus
Bitcointalk username: beneze
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2190968;sa=summary