ENDO: a new level of data verification on the blockchain
Documents that people receive in the process of life are printed on paper although paper is not suitable for long-term storage. It can easily be spoiled by spilling liquid, tearing, and dirtying. Paper documents are easy to forge or lose, and it takes a long time to check information on paper. We do not even mention the felled trees or fees that must be paid for receiving documents. The current state of affairs creates a favorable environment for the bureaucracy, since it deals with such important documents as passports and diplomas, as well as contracts and orders.
Fortunately, with the onset of the digital age, paperwork is gradually becoming history. Perhaps, one day it will no longer be necessary to stand in queues for hours in anticipation of inquiries and extracts. However, each plus is offset by minuses. Hackers are not asleep, the theft of electronic information and even the identity of people has become commonplace.
ENDO developers came to the rescue who offers a comprehensive solution for protecting and storing information that can change the world.
Using the platform
ENDO is a multi-layered ecosystem for tracking, storing, and verifying data on the blockchain. Using the platform, you can:
- create public and private blockchain;
- establish levels of access to information for user categories;
- protect information from unauthorized access;
- create applications, for example, to «digitizing» paper documents.
The platform is useful for companies and ordinary users and will facilitate the process of information exchange between them. Information is stored until the user or company decides to grant access.
ENDO consists of five interconnected layers:
- Blockchain for writing hashes of data and executing smart contracts.
- The repository: the user chooses which services to use for data storage — centralized (Google, Dropbox), decentralized (Storj), or in the blockchain. The ENDO protocol ensures the harmonious work of the components of the ecosystem.
- ENDO Core is the basis of applications serving to create new applications and perform functions that do not require special privacy.
- API is the interface for creating attachments and exchanging data with them.
- Applications that are used for the task of checking information.
The components are closely interrelated to create a secure decentralized storage environment that you can trust.
Advantages and spheres of application
The ENDO ecosystem will simplify and speed up the verification of information. For example, believe a worker on the floor will not necessarily as the history of labor relations will be fixed in the blockchain. This will be appreciated by the HR manager who does not need to call up previous jobs. Information cannot be faked or rewritten because the hash is stored in the blockchain.
ENDO can be used to organize electronic document management, which will speed up the interaction between departments of enterprises among themselves. Documents do not have to be carried with you, it is enough to produce digital copies if necessary. This applies to work at the enterprise, hiring, and applying to universities.
The traditional scope of blockchain — fast transparent transactions and the implementation of smart contracts, blockchain ENDO is not an exception to the rules. Decentralization will ensure safety and reliability.
ICO details and the economics of the Token
ET token will be used to calculate between users for verifying information. 40% of the emitted coins are planned to be sold at the ICO, which will be held from June 20 to August 25, 2018. The bonus of the token depends on the time of acquisition: the earlier it is, the greater the benefit. The minimum investment amount is $ 100, Softcap — $ 5 million, Hardcap — $ 15 million.
The ENDO ecosystem uses blockchain to make the world more honest and people’s lives are easier. The idea, proposed by an experienced team of developers, is noble and promising. Developers have already released an alpha version of one of the applications that enterprises use in Russia. I want to believe that the team will cope with a fairly tight competition and will have time to release a high-quality product before others.
To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit the official website https://endo.im/ and read the whitepaper: https://endo.im/whitepaper/
Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e
- Назад Индикатор Balance of Power — описание и принципы работы
- Вперёд Простыми словами: пароли и хеш-функции | BitNovosti.com