Data, personal or business informations, documented agreement of any kind (e.g contracts, will, diplomas). as a human being you must possess one of the above mentioned documents and this is because it is vital may be for present or future use.
All of the documents above share one common characteristic and it is that they are all stored on paper material and we also know what happens when we store a peice of paper for too long, it starts to wear and tear or get misplaced but in one way or another it doesn't get to last for long.
This same nature can also make a persons data is highly exposed which is quite risky, and can lead to scams or even theft. Another frustrating issue that paper documents faces is that it is prone to be easily used as, and for scam. For example, the forgery of diploma to get a job or the forgery of signature or seal to acquire something highly desired which leads to law violation.
Furthermore, there is no single database that verifies if a document, signature or seal is authentic therefore the rate of scam keeps increasing.
To address this verification issue, a group of professionals both in the business, blockchain technology, internet and technical know-how came together and invented an ideal solution, a solution that will bring an end to false paper documents, scams and verification issues this ideal solution is known as the ENDO Blockchain Protocol.
ENDO is a Blockchain, a protocol and miscellaneous data verification service. By implementing the ENDO Protocol, one can develop public and private blockchain, configure levels of access to information, protect data and also create their own applications.
Since the blockchain is a decentralized system by using the ENDO platform, all your personal, public, corporate informations will be cut off from any third party and will only be managed by you, unless you grant access to your stored information to third parties.
The benefit of this is that your information will be highly secured and because ENDO Blockchain will make use of the Delegated-Proof-Of-Stake (DPOS) consensus algorithm, there will be maximum security in the case of cyber attacks (e.g hacking) this protocol will eliminate fraud and risks of losing funds and assets.
ENDO Protocol can be applied in almost every aspect of life.
Below are few examples;
- Banks
- Education
- Know Your Customer (KYC).
- Employment records
- Medical institutions (hospital) e.t.c
With the ENDO Protocol, verification of any kind of document or special certificate of products will be done easily, faster and conveniently there will be reduced scam rate.
ENDO ECOSYSTEM
The ecosystem of the ENDO Protocol will create a decentralized environment for verified data which both people and robots can fully trust instantly, securely and remotely. This ecosystem will also be incharge of organizing the storing and exchange of data by itself and all data passing through the ENDO ecosystem is encrypted using AES public/private keys cryptosystems. Within the ecosystem, a system of Delegated voting for economic decisions will be implemented with the ENDO Blockchain. Organizations and individuals using the ENDO ecosystem can be able to freely participate in the information exchange process and use the services with the ENDO token.
ETOKEN.
EToken is the internal cryptocurrency of the ENDO Protocol platform which can be used to pay for checking & exchanging data between the system users.
Other Uses Of EToken.
- EToken can be used for data exchange among companies, firms or organizations.
- EToken is used to vote for the growth of the proto and determine the economic condition of the platform.
- EToken is used for verification of data.
The continous and widespread use of the EToken will make the token more liquid and develop the ENDO platform.
For further information on the ENDO Protocol project click links below;
Website: https://endo.im/ru/
Whitepaper: https://endo.im/whitepaper/
Telegram: https://t.me/endo_en
ANN Thread: https://bitcointalk.org/index.php?topic=4073209.0
Bounty: https://bitcointalk.org/index.php?topic=4193980
WRITER'S INFO
Name: thaddaeus
Bitcointalk username: beneze
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2190968;sa=summary