EndChain is a patent-pending blockchain utility company that is focused on bringing mass adoption of blockchain tracking to all markets. Our patent-pending QR and barcode combination allows EndChain to have 2 distinct advantages in this market: integration and price.
Existing logistics companies and manufacturers see the benefit in blockchain tracking, but are hesitant to revamp multi-million dollar systems. EndChain allows corporations to easily extract both the generic barcode data and the item-specific blockchain QR code data at the same time. As EndChain's program will be running in the background of existing systems, our combination code will be easily identified by our program and the generic data will be entered into legacy systems for traditional logistics and manufacturers. Simultaneously, the blockchain will be updated with the item-specific blockchain data.
EndChain brings blockchain benefits at a fraction of the cost to all products. The vast majority of solutions in the market rely on NFC chips or manual entry of data into the blockchain. EndChain will create an API that allows corporations to automatically generate and update the blockchain as well as print our codes directly on their packages, thus drastically reducing the price. This will allow low to mid-cost goods, such as organic food, to become blockchain enabled products.
AI and Big Data:
Our team will leverage their experience in AI and big data by integrating both with EndChain. AI will be used to detect and alert any attempt to copy our codes. This will be done via parameters such as: locations the code is scanned, number of times a code is scanned, etc. Big data will focus on the data gathered by manufacturers and logistics companies to best help them optimize their platforms.
There is no doubt that Blockchain’s strongest case is to be used for logistics and transportation. This is due to the commonly accepted view of blockchain; that it enables secure and transparent monitoring of transactions. At its core, logistics is a series of transactions that link a product from raw material through to consumer. Therefore, the characteristics of blockchain have the power to revolutionize modern supply chains.
The impact of this technology cannot be understated as it can transform the logistics and transport management industry, which generates approximately 13% of GDP globally. With the help of Blockchain, communications and border administration can be improved, which could generate an additional $1 trillion in global trade, according to the World Economic Forum.
Blockchain first grew in popularity as a technologically advanced method of transferring value. Now, the same underlying technology has the ability to profoundly change the way physical goods are transferred. While some companies have attempted to create blockchain solutions for modern logistical problems, no complete solution exists today. Current options revolve around expensive RFID chips or an overt reliance on consumer input. EndChain focuses on the entire logistics chain: from manufacturer to businesses to customer to reseller. The goal of EndChain is to become the blockchain solution that the logistics industry desperately needs by allowing one blockchain that is easy to use for all verticals of the supply chain.
EndChain’s aim is to disrupt the logistics industry through decentralization, open protocols and utilities. The goal is to connect producers, transportation companies, forwarders and other parties in easy to navigate transactions where trust is not an issue. This will lead to a seamless exchange of goods while increasing security, transparency and traceability.
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Supply chain is a a definite proper use for blockchain. Their QR Code scanner Makes it easy to do . The team has passed So we know they are real and the social media links work.
ICO Advisor | ICO Analyst | Blockchain Researcher Rated on Nov 10, 2018 Modified on Nov 12, 2018
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Supply chain is a key component for blockchain. Their QR Code scanner is a good concept. The team has passed KYC, however the strength of the team is in question. All linkedin profiles are short and not very descriptive. Each account has less than 500 connections.
There is no prototype or MVP that I have seen. I can update the ratings if I can get more verified information on the team, and I can update the product ratings once I have seen an MVP or prototype.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
ICO Advisor and Growth Hacker Rated on Feb 4, 2019
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The QR Barcode scanner is a good concept. There are precisely 74,567,312 ENCN tokens for sale with 55% only distributed in ICO which is very fair.
While the team has passed KYC, I’m still skeptical regarding the credibility of the team – their LinkedIn profiles are sketchy, and each team member’s account has less than 500 connections. We can only wait to see how this ICO will do.
Corporate Strategy Rated on Jan 9, 2019 Modified on Feb 5, 2019
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There are a number of logistic blockchain software companies sprouting up over the course of a year. The furthest along is the IBM and Maersk relationship.
The risk to building a logistics blockchain platform are the entrenched partnerships of the supply chain(s) and their adoption of adding yet another piece of software to their infrastructure. In the whitepaper its seems the utopia is to have one single barcode. Think about that for a moment. There is a reason for the multiple barcodes, its policy and regulations. Logistics can't be reduced to one barcode scan and make all logistic parties responsible for managing a product to its destination. Could there be a universal code that all countries adopt, yes but its years away and likely will be driven by large logistic corporations. It's still one more barcode, not a technology hurdle in my opinion.
The AI and big data is a feat unto itself. I'm thinking about what algos could be used as well how competitive this product will be. Bet the farm and pick a segment of the industry that could adopt blockchain faster and prove the world you have created a must-have product.
If this project gets legs it is because they have an executive who has ten years or more in logistics with connections to government and logistic partners that reach globally. I don't see that person on the team, yet. The potential is high and this could very well pay off considering the trade discussions going on now. To be successful you'll need to show a MVP sooner than a year and two years from now to launch. A strategic partnership with a country or firm is critical to get the traction they hope to get for this logistic solution.
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