ENDCHAIN
Greetings to you, dear readers. I am always glad to share with you the most promising ideas and start-ups from the world of crypto-currencies. They are created in order to facilitate our life with you and to change the world in the future.
INTRODUCTION
The idea of chaining blocks of data together with cryptographic hashes has been around since the late 1970’s. (I will restate the cryptographic hashes simply later at the tokenization section.) The cryptographic protocols were evolving by 1982, when Ralph Merkle’s patent was granted (Ralph, 1980). The data structure named after him, the Merkle Tree, found utility in peer-to-peer systems in which peers all needed to share identical data. There is no explicit description of the blockchains in the cited applications. But the blockchains of cryptocurrencies are well understood. As Satoshi Nakamoto writes, they are needed to enable “electronic transactions without relying on trust.” A complete, immutable public record of transactions is not a design goal in cryptocurrencies (Nakamoto, 2008). Nakamoto wrote that “To accomplish this without a trusted party, transactions must be publicly announced.” (Dai, 1998). Blockchain promises to solve this problem. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically. Bitcoin is one of the best samples but has some disadvantages. Those are Turing incompleteness, value blindness and verification time. Turing incompleteness is simply the inability to use the while and for statements. The bitcoin also has a script, but it is equipped with an OPCODE that can execute only a simple command.
Before proceeding, let me introduce us to Endchain
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.
EndChain is a utility token that can change the logistics process in all industries at a lower cost. EndChain aims to cover every sector of supply, including the second-hand market, the products that EndChain exposes will be very affordable and can be tracked on the blockchain every day. EndChain will add communication between the blockchain and further increase the results relevant for future supplies.
EndChain has a unique QR code because it can be combined from combining QR codes and Barcodes, with a simpler design to use because it is easier to scan in each package that EndChain will produce. Although Endchain uses a new QR code, it can still be scanned with old QR, because QR Endchain creates single code but can work on all systems and can update blockchain or old systems with the aim of simplifying and maximizing efficiency.
EndChain is committed to using corporations and investors to ensure that both are met, a self-regulating economy with deflation that will be used to encourage buying and holding EndChain tokens. The percentage of costs associated with these functions will be 'burned' to reduce the number of existing tokens. Will EndChain market value remains the same, if the price of individual tokens will continue to rise.
Tokens need a developing market to be successful, while tokens that are not used are of no use to an investor. Tokens that have a consistent increase in buyers will create unstable prices, which is why EndChain focuses on ensuring the market always lives by involving companies to buy EndChain tokens. By using a token the company can receive a discount on the QR code used.
How Will EndChain Work?
EndChain aims to cover each sector of the supply chain, including the second-hand market. Our product will be affordable, allowing even everyday 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.
Is It Simple to Use?
The EndChain QR code is unique in that it incorporates a barcode within the QR code. This design allows for simplified use as EndChain users will know to scan the only code found on the packaging. Other businesses which rely on legacy barcode technology will be able to scan the embedded barcode. Thus, EndChains QR code creates a singular code to work on any type of system. An additional benefit is that the single code can update both the blockchain and any internal legacy systems with a single scan. The goal of this is to reduce complexity while increasing efficiency.
Value Creation
A blockchain company can only be as strong as its economy. EndChain is committed to both its corporate users and investors. To ensure that the needs of both are met, a deflationary self-regulating economy will be used. Corporations will be encouraged to buy and hold EndChain tokens in order to purchase QR codes, make smart contracts and access the data stream.
A percentage of the fees associated with these functions will be ‘burned’ to reduce the number of tokens in existence. Shall the market value of EndChain stay the same, the price of individual tokens will rise.
Economics
A token needs a thriving marketplace to be successful. Tokens that are not being utilized serve no purpose to investors. Additionally, tokens that do not have consistent steam of buyers creates unstable prices. This is why EndChain has focused on ensuring a lively market by engaging companies to purchase EndChain tokens. By using our tokens, companies can receive a discount on our QR codes, big data, and smart contracts.
Who is interested in EndChain?
EndChain provides a complete and cost-effective logistics package that benefits all parties of the supply chain. While most utility tokens focus on high-end goods, EndChain focuses on the low to middle market, an area that has been ignored for too long. EndChain is able to enter this market due to the ease and low price of our system compared to other utility tokens which focus on expensive NFC chips or manual entry.
How does this help EndChain Buyers?
With a large base of potential customers, EndChain can immediately get to work selling our product. 2-4% of the revenue generated from sales will be dedicated to burning EndChain tokens. This will help decrease the number of EndChain tokens in the long term; thus increasing the price. As most companies need to plan ahead and budget, they are likely to buy and hold an amount of EndChain tokens. This will create strong support for the EndChain market.
Self-Correcting System
Should the market for EndChain be depressed, more tokens will be needed to pay for each order. When more tokens are used, more will be burned; thus driving the price up until equilibrium is reached. As a result, it is safer to hold EndChain for a long duration of time as there are protections against price decreases. Thus, EndChain will have a self-correcting system which allows for a stable economy.
ICO will start from December 1, 2018:
the proceeds from the sale of these tokens will be used for several things, which will be explained in the diagram below:
Details of the EndChain Roadmap :
List partner dari EndChain:
You can get the Whitepaper on https://www.endchain.io/ for the language you want:
FOR FURTHER DETAILS JUST CHECK THE LINKS BELOW:
Website: https://www.endchain.io/
Whitepaper: https://www.endchain.io/#language
Twitter: https://twitter.com/EndChainIO
Telegram: http://t.me/endchainIO
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