EndChain is a patented blockchain utility that is focused on mass implementation of blockchain tracking in all markets. The patented combination of QR and barcodes allows the EndChain to have 2 distinct advantages in this market: integration and price. Existing logistics companies and manufacturers see the benefit of blockchain tracking, but are hesitant to upgrade multi-million dollar systems. EndChain allows corporations to easily extract the General data as barcode, and the data of the QR code the blockchain for specific items at a time. Because the EndChain program will run in the background of existing systems, the combination code will be easily identified by The program, and General data will be entered into legacy systems for traditional logistics and manufacturers. At the same time, the blockchain will be updated with blockchain data on specific elements. EndChain brings blockchain benefits at a fraction of the cost to all products. The vast majority of solutions on the market rely on NFC chips or manual data entry into the blockchain. EndChain will create an API that will allow corporations to automatically generate and update the blockchain, as well as print codes directly on their packages, thereby dramatically reducing the price. This will allow low-and medium-cost products, such as organic food, to become blockchain-enabled products. AI and Big Data: the EndChain team will leverage their expertise in AI and big data, integrating both with the EndChain. The AI will be used to detect and notify you of any attempts to copy our codes. This is done using options like: place code is scanned, how many times the code is scanned, etc. Big data will focus on data collected by manufacturers and logistics companies to best help them optimize their platform.
There is no doubt that the strongest case of blockchain is its use for logistics and transportation. This is due to the common perception of the blockchain that it provides secure and transparent transaction monitoring. At its core, logistics is a series of operations that connect the product from raw materials to the consumer. Thus, the characteristics of the blockchain has the power to revolutionize the modern supply chain.
The impact of this technology cannot be underestimated, as it can transform the logistics and transport management industry, which generates about 13% of GDP worldwide. With the help of blockchain, communications and border administration can be improved, which can generate an additional $1 trillion in world trade, the world economic forum reports.
The blockchain was first gained popularity as the most technologically advanced method of transferring value. Now the same basic technology has the ability to profoundly change the way physical goods are transferred. While some companies have tried to create blockchain solutions for modern logistics problems, there is no complete solution today. Current options revolve around expensive RFID chips or open trust on the consumer input. EndChain focuses on the entire supply chain: from the manufacturer to the business, from the customer to the reseller. The goal of EndChain is to become the blockchain solution that the logistics industry desperately needs, allowing the use of a single blockchain that is easy to use for all supply chain verticals.
The goal of EndChain is to destroy the logistics industry through decentralization, open protocols and utilities. The goal is to connect manufacturers, shipping companies, freight forwarders and other parties in easy to navigate transactions where trust is not an issue. This will lead to a smooth exchange of goods, while increasing security, transparency and traceability.
Official website: https://www.endchain.io/
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