Wednesday, November 7, 2018

End Chain: Affordable Tracking Solutions For All Markets


Problems currently exist in the logistics industry. They are mainly (1) Lack of Transparency and (2) Lack of Responsibility.
1) Lack of Transparency.
This tracking is not always transparent within a corporation, let alone among different legal entities. Land transportation providers, carriers, governments, customs brokers, and freight forwarders all rely on outdated ways of keeping track of their goods.
2) Lack of Responsibility. 
Aside from the lack of transparency in the current marketplace, there is also a lack of responsibility. In the current environment, packages often become lost, delayed or stolen, with companies shifting the blame onto each other. With blockchain, the transactions between parties in the supply chain are documented in a permanent and public decentralized record, establishing responsibility, security and trust.

EndChain Solution
To solve the current problems in the logistics industry, EndChain will focus on decentralization, open protocols, and services. The main objective is to create more transparency among manufacturers, transport companies, intermediaries and other people. This needs to be done in order to solve a growing problem - a lack of trust. Too often, goods are labeled as organic, authentic or domestic without any proof. EndChain will allow these products to prove their claims and potential customers will feel secure with their purchase.

Most of the current blockchain solutions in the market focus on expensive NFC chips or manual entry. This eliminates the ability of low-mid tier markets to enable blockchain tracking on their products. EndChain believes that it should not be more important to prove the authenticity of your handbag than the food you put in your body. EndChain is able to enter this market due to the ease and low price of our system. Additional functions for communications among the supply chain & the ability to setup subchains further enhances the relevance of the product for the logistics industry.

What is EndChain?
EndChain is a utility token that changes the way logistics are handled across industry in a cost savvy way .

How will it work?
EndChain aims to cover each sector of the supply chain, including the second hand market. Our product will be affordable, allowing even every day goods to be tracked on the blockchain. Additional functions for communications among the supply chain & allowing to set up subchains, further enhances the relevance of the product for the supply chain.

Economics of EndChain
  1. Reinforcing Authenticity
  2. Secure transasctions and fast settlements
  3. Visibility in the Supply Chain
  4. Cost Effective
  5. Route Optimization
  6. Lower Prices
  7. Consumer Trust 
ICO Details 

Token Distributions
  1. Marketing. The main goal of marketing will be to encourage the use and adoption of EndChain tokens among manufacturers and transportation companies. Some marketing material will also be provided for end consumers to learn how to use the chain. 
  2. General and Administrative. To support the development and marketing team, allowing them to focus on the main tasks of creating the product and widespread adoption. This balance will also cover overhead and miscellaneous fees. 
  3. Legal. To ensure the whitepaper, blockchain and token are within legal compliance and regulations. 
  4. Security and Compliance. To further develop, test and check the security of the blockchain and any access points.

For more detailed information visit the link below: 

Website: https://www.endchain.io/

No comments:

Post a Comment

Starter - Unleash the power of your NFT Assets

  The crypto spaces have seen a lot of growth in the past few years with bitcoin, ethereum and other major cryptocurrencies seen adoption an...