One of the most important industries in our time is logistics, because thanks to it people can receive goods on time and enjoy all the benefits of civilization. However, this area is far from perfect. First of all, this is due to the fact that most of the processes in logistics are associated with the human factor and paper work, which is why the delivery of goods is not always fast and quite expensive. To correct the situation today is possible due to Blockchain technology. Thanks to this technology, ordinary consumers can track goods from the store to the manufacturer, which in turn provides them with a guaranteed purchase of original products. At the same time, the number of counterfeit products is reduced, due to which many companies can reduce the cost of their products, since the cost of goods also includes the costs of combating counterfeit goods.
Naturally, such solutions already exist on the market. However, they all have certain disadvantages. The most important of them is the lack of a simple and clear interface that allows the consumer to effortlessly check the delivery process. The second, but no less important, is the lack of a global platform for tracking all types of goods, as most of the existing Blockchain solutions are focused on expensive products and jewelry. The third disadvantage is the lack of responsibility, which is manifested in the desire of each company to shift responsibility to another participant in the supply chain in the damage or poor quality of the goods.
A new project called EndChain will help to achieve justice, reduce excessive costs, and ensure ease of use of Blockchain technology.
Project objective
Among the main objectives of the developers of this project should be highlighted:
- accelerate communication between all participants in the supply chain;
- ensuring the most comfortable use of Blockchain technology in logistics;
- improving the efficiency and transparency of delivery of goods;
- providing the ability to track the goods on any part of the supply chain.
Principle of operation
Implementation of all the above will be carried out by using a unique QR-code for the EndChain, which is combined with a bar code. This technology allows to provide simplicity and efficiency for all participants of the network, which include:
- large corporation;
- shopping opportunities;
- buyers.
By scanning this code using a special application, each member of the network can obtain information about the manufacturer, as well as about the persons engaged in the delivery of a product, even if it is sold by the first owner in the secondary market.
Through the use of Blockchain technology, the information entered by the manufacturer and each participant in the supply chain will be protected from the possibility of making changes. In addition, the system will be implemented a specialized network for communication between manufacturers and transport companies, through which it will be possible to receive timely data on problems with a particular product and in time to communicate with the responsible person.
It is worth noting that scanning a unique QR-code at each stage of the delivery process eliminates the possibility of theft, as well as to determine in such cases, at what stage the goods were stolen.
In order to ensure responsibility, each of the participants in the supply chain charges a certain amount to the smart contract account. In case of successful performance of the work the participant receives it back, and in case of theft of goods or its damage this sum is written off.
It is important to note that a number of additional options can also be used within this project. For example, for a fee, manufacturers of products will be able to receive information about the best-selling products from the stores, thereby optimizing the sales process. They will also be able to use the services to build the most optimal routes for the transportation of goods in order to increase the speed of delivery and minimize costs.
To pay for goods, services, as well as various optimization tools inside the EndChain, ENCN tokens will be used, which will be destroyed in the amount of 2 to 4 percent of the amount received by the platform for a month. This will not only save the value of these coins, but also increase it.
Tokens can be purchased during the ICO.
Dates and details of the ICO
Public sale will be held in 5 stages in the period from December 1 this year to January 15, 2019. During the fifth stage, 5 random winners will be selected, who will receive an additional 40 thousand tokens. In total, 74.5 million coins will be sold. The cost of the 1st ECN will be 0.16, 0.18, 0.20, and 0.24 US dollars during the 1st, 2nd, 3rd, 4th and 5th rounds respectively.
Softcap project - $ 4 million, hardcap - $ 15 million.
The distribution of tokens and funds is as follows:
Conclusion
The EndChain platform can be the first global logistics solution for all types of goods, from the cheapest to the most expensive. Moreover, it will solve a number of problems in the chain of transportation of goods, as well as increase the level of confidence in the products, eliminating the possibility of counterfeit products on the market.
Based on this, we can say that the EndChain is a project that is worthy of attention of investors.
Official resources of the project EndChain:
