Hello Steemit users, on this occasion, I will discuss about the very interesting EndChain project in cryptocurrency, so for that you are very obliged to see and understand the articles that I made for you. The discussion is as follows:
Abstract
There is no doubt that Blockchain’s strongest case is to be used for logistics and transportation. This is due to the commonly accepted view of blockchain; that it enables secure and transparent monitoring of transactions. At its core, logistics is a series of transactions that link a product from raw material through to consumer. Therefore, the characteristics of blockchain have the power to revolutionize modern supply chains.
The impact of this technology cannot be understated as it can transform the logistics and transport management industry, which generates approximately 13% of GDP globally. With the help of Blockchain, communications and border administration can be improved, which could generate an additional $1 trillion in global trade, according to the World Economic Forum.
Blockchain first grew in popularity as a technologically advanced method of transferring value. Now, the same underlying technology has the ability to profoundly change the way physical goods are transferred. While some companies have attempted to create blockchain solutions for modern logistical problems, no complete solution exists today. Current options revolve around expensive RFID chips or an overt reliance on consumer input. EndChain focuses on the entire logistics chain: from manufacturer to businesses to customer to reseller. The goal of EndChain is to become the blockchain solution that the logistics industry desperately needs by allowing one blockchain that is easy to use for all verticals of the supply chain.
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.
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 every day 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 a 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, its 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.
For more information and to join EndChain social media today, please follow the following resources:
Website: https://www.endchain.io/
ANN: https://bitcointalk.org/index.php?topic=5055264.new#new
Whitepaper: https://www.endchain.io/#language
FB: https://www.facebook.com/EndChainIO/
Twitter: https://twitter.com/EndChainIO
Youtube: https://www.youtube.com/channel/UCfngp1u5OimZkTEm1NX78yQ
Reddit: https://www.reddit.com/user/EndChain/
Telegram: http://t.me/endchainIO
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1246952
Eth Address : 0x25301592D754301cCb878707Be589a8D7c820FA8