EndChain

upik05 (28)in #blockhaincryptocurrency • 6 years ago

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 Other companies that rely on outdated barcode technology will be able to scan the built-in barcode.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 An additional benefit is that one code can update both the block chain and any internal outdated system using a single scan.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.

endchain logo.png

Problem

The current problem in the market is twofold:

Overall Logistics Problems
Existing Solutions Problems

LOGISTICS, BY ITS NATURE, IS A LARGE AND COMPLEX INDUSTRY THAT REQUIRES CAREFUL TRACKING AND COUNTLESS HOURS OF MANUAL INPUT.

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. These antiquated systems use outdated methods such as physical paperwork and bonded couriers. By not being up to date on the latest technology, corporations suffer from delays and incomplete tracking information. Logistics can be brought into the 21st century by using blockchain to transmit orders, letters of credit and delivery receipts without the use of bonded couriers.

COMPETITIVE ANALYSIS

The current solutions in the market are currently focusing on two things. Firstly, they focus heavily on the luxury market segment. The solutions for luxury goods often incorporate hardware, such as microchips with advanced cryptographic identities, which are often expensive and therefore are not economical for low and medium-priced products. Secondly, these solutions focus on highly specialized industries. The systems and microchips are often tailored for one industry, making it hard for these systems to adapt and be applicable for a wider range of industries. EndChain is filling this gap in the market. It provides a holistic as well as price competitive approach to strengthen the supply chain, which can be applied across a wide range of industries. To illustrate, we have chosen examples of three competitors who have the most publicity based on how they consistently lead google trends interest among their peers.

Everledger

Since 2015, Everledger has been creating a global digital ledger that tracks and protects diamonds throughout their lifetime journey. The company focuses heavily on diamonds, which limits its use cases. The entire hardware and software is geared to create a 3D digital thumbprint of a diamond.

Chronicled

The 2014 founded company is currently focusing on covering three industries with its supply chain blockchain: pharmaceuticals, precious metals and luxury goods. Chronicled’s focus is on compliance track and trace regulations such as temperature sensitive microchips that can detect whether the cooling chain has been interrupted.

Blockverify

Founded in 2015 the company has been setting its focus on pharmaceuticals, diamonds, luxury products and electronics. The solutions are equally as specialized as the previous competitors.

Overall, the three examples show the niche mentality as well as the focus on the high end market within the blockchain supply chain solutions.EndChain understands that this needs to change and is well equipped as well as committed to bring a low cost, one size fit all solution, which the market has been asking for.

endchain scenario.png

Features

Aside from the overall function of the chain, it is important to discuss key features that will allow EndChain to become widely accepted. These features will be added to streamline existing processes, such as communication. There will also be the additional benefit of increasing security, privacy and clarity when compared to existing methods.