Throughout our life we tend to keep useful data, may be personal or business related data and these data must be documented on a peice of paper and safely kept incase of any present or future necessity.
However, in this present world of highly advanced technology such as the smartphone, mobile devices and the internet the safe keeping of documents have gone a notch higher but in as much as the paper material is still used to store the documents it still won't last as paper have the following issues;
- After a long while it tends to wear and tear, it is not durable.
- The users data is exposed and as such at risk.
- The advanced technology have caused for the faking and forgery of documents, signature, brand and seal.
- Paper documents can easily be manipulated.
The ways by which documents are this days is highly centralized and this is a problem because if the central server gets hacked or broken all data will be completely lost, gone.
For example, someone who desires a post in his office but needs a diploma to acquire the position can easily design a fake one and submit it to the personnel officer and get the position, or in the case of high quality brand or product such as Gucci, its special brand design can easily be forged with the use of a computer, place it on low quality product and still sell it at the same price as the original product or in most cases at half the price.
The victims exploited of their brand tend to lose money and customers in the process while the fraudster wins all, and because there is no single database in charge of verifying products, diplomas, brands, signatures, seal, personal or business documents the fraudster gets away thereby violating the law.
Now to put an end to this dilemna, an ideal solution known as the ENDO Blockchain Protocol was incepted to tackle and eliminate verification issue and how to effectively store documents.
ENDO is a Blockchain, a protocol and a broad range of data verification services.
ENDO Protocol is a set of rules, algorithms, and business process logic, describing the interaction of subsystems among themselves.
The Blockchain Technology is decentralized, transparent and best at storage, data verification and ensure the download and execution of smart contracts.
With the ENDO Protocol you can easily save your documents on the system without any third party involved and it can only be accessed by you, any third party who gets to see your data is only possible when you grant access for it to be viewed by such third parties.
The issue of carrying documents around when acquiring for a job will be over because your documents will be saved on this platform and when the personnel officer ask to see ur data or diploma all you have to do is grant him access to ur account, it is convenient, fast and highly secure.
Also, the ENDO Protocol will serve as a database for verifying any kind of documents, data, signature, brand or seal. There will be no more fraud nor violation of law as every kind of data can efficiently get verified.
The ENDO Protocol can be applied in the following aspect;
- Document flow among organizations
- Banks
- High value products
- Medical institutions
- Education
As we all know the paper we use is produced from trees, trees must be cut down for papers to be produced and as such causing an environmental problem from these trees that are being cut everyday but with the implementation of the ENDO Blockchain Protocol we can stop this environmental catastrophe and save green life, bring an end to fraud and scams of all kind.
Furthermore, since it is a blockchain it must have its own special token known as EToken which will be used to maintain and vote in the system because ENDO will make use of the Delegated-Proof-Of-Stake (DPOS) consensus algorithm where token holders can be able to vote for delegates.
ETOKEN
This is the internal cryptocurrency of the ENDO platform which will be used to vote for delegates to determine the economic situation of the platform. EToken will be used for data exchange between organizations.
EToken can be used when receiving services or paying for goods related to the use of verified data.
For more information on the ENDO Blockchain-protocol, see to the 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
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