What Is EndChain?
EndChain is a decentralized platform utilizing open protocols and utilities with the aim of disrupting the logistics industry while connecting transportation companies, producers, forwarders, and other relevant parties through transparent, simplified transactions. The result of this will be a seamless exchange of goods in a secure and traceable manner.
EndChain emphasizes on the entire logistics chain process. That is, from the manufacturer, to the business, to retailers up to the consumers. This will enable EndChain to become a blockchain solution that is easy to use and understand for all the players within the supply chain.
By addressing the needs of the logistics industry during the production process, EndChain will improve the overall experience and facilitate the mass adoption of blockchain.
How EndChain Blockchain Logistical Supply Chain Solution Works
EndChain will integrate all the products on its supply chain with patent pending barcode and QR combination in order to make it easy for businesses and users to use the chain. Additionally, this combination will reduce confusion among logistics providers and enable EndChain to easily integrate existing systems.
The major challenges facing manufactures today is supply chain mismanagement and counterfeits. EndChain provides a solution to this problem by tracking all products from the point of inception to their final destination. To make the tracking possible, each product is scanned at the point of manufacture and assigned an individual chain identifier.
Furthermore, EndChain will eliminate theft and ensure responsibility through the transportation code, which is scanned and sent to distribution and transportation centers. This monitors the movement of the items through the distribution process until their final destination.
After the consumers receive their item, EndChain will reduce the amount of work done by the store employees and consumers as the employees will only be required to scan the item in order to register the product as sold on the blockchain.
Consumers can resell their items using the EndChain system, which will facilitate the entire process to ensure authenticity of second hand items.
All data regarding items on EndChain in recorded onto its blockchain. This enables to users to view the items history but not be able to alter or delete any of the data and in doing so reduce employee errors while protecting the privacy of consumers.
EndChain features an encrypted communication process that facilitates all communication during the manufacturing and transportation process. The communication lines are secure, as only the participants will have access to it.
EndChain reduces theft cases during the supply chain process by marking all stolen items within the system. This enables it to identify and flag theft quickly during the manufacturing and transit process.
The platform will implement smart contracts with the supply chain, which will ensure transparency, and compliance by all parties involved in a process while also ensuring the validity of digitized logistics documents.
EndChain ENCN Token ICO Details
Parameters Of The ICO
- Token: ENCN
- Token Sale Date: December 1st, 2018 – January 15th, 2019
- Token Price: USD 0.16 – USD 0.24
- Soft Cap: USD 4 Million Or 23,219,944 EndChain Tokens
- Hard Cap: USD 15 Million Or 74,567,312 EndChain Tokes