Data recognition is a very important aspect of life, as it saves us alot of time, stress and implicating situations in our day to day activities. With secured data storage proper information gathered about a person or thing or documentation, one can be rest assured of authenticity at all times. Being fake or replicating fake is the other of the day amongst so many, it even goes as far as forgery and theft of intellectual property, because there is poor storage system to track the authenticity of individual data to such individual.
Moreso, it's one thing to have data stored and information properly gathered and kept, and it's another thing to be able to produce verification as regard that thing, inndue time and in a stress free manner, eg a fingerprint capture of a person giving detailed bio data about such person. But how can this be applied to every aspect. Let's picture this scenery, How many of you have ever thought about the costs of covering the recognition of a person or a thing or better put safe guarding the identity of a person? How fast can a procedure involving verification be speeded up?
Moreso, it's one thing to have data stored and information properly gathered and kept, and it's another thing to be able to produce verification as regard that thing, inndue time and in a stress free manner, eg a fingerprint capture of a person giving detailed bio data about such person. But how can this be applied to every aspect. Let's picture this scenery, How many of you have ever thought about the costs of covering the recognition of a person or a thing or better put safe guarding the identity of a person? How fast can a procedure involving verification be speeded up?
In all of this the procedures related to recognition are often the source of stress, think of the long queues before boarding a plane, the time needed to pay by credit card in a taxi, or the many documents to sign when making an operation at a bank counter. At the same time, the truthfulness of a data can guarantee the authentic nature of a product that is being bought, to avoid incurring fakes, which the world is full of. It would be nice to be able to certify your skills with a click or with your fingerprint, based on data stored directly from the university where we studied, or buy a house knowing life, death and miracles, without doubt and without fear that it's a safe house, and also, travel the world without being afraid of incurring unpleasant incidents with the local recognition agencies as regards data verification.
Thus, there is a Protocol set out to improve on this data verification and fast and effective information tracking which is the ENDO protocol project.
Thus, there is a Protocol set out to improve on this data verification and fast and effective information tracking which is the ENDO protocol project.
ABOUT ENDO PROTOCOL
The ENDO project is part of the blockchain data management sector, making the opportunities countless. In fact, ENDO is not out to create a product, it's rather out to create service, a service that will be used with simplicity by application developers who aim to implement the "recognition" phase. ENDO is a mature project with an almost ready platform (MVP), where it is possible to already register LINK by testing the active modules in testnet, such as ENDO Documents and ENDO Workflow. The core of the platform, which I will explain later, has a maximum processing speed of 65,000 transactions per second. Currently the product is in testnet on some modules and will launch the mainnet on all modules at the end of 2018, and then be able to interface with more blockchain in 2019, in conjunction with the launch of the dedicated app.
The project has been under development since 2013 and took on a mature aspect in 2017, when it was decided to organize fundraising (ICO). Many years of development for a project that promises to be successful. Generally I do not imbalance, but in this case I push a little further and I'll explain why.
ENDO is a service, as I said, of recognition on blockchain. The platform creates an interface layer between the most common blockchains and applications, producing ad hoc APIs. The engine on which the platform moves consists of an autonomous blockchain which, by means of a protocol, interfaces with Bitcoin, Ethereum and, in 2019, also with smart-contracts on EOS, and therefore interacts with data storage systems safer as Dropbox and Google Drive or decentralized like Storj, IPFS, etc ...
The developer enters the platform and generates APIs dedicated to his own purposes and which he uses to develop his application. Not only. The developer can choose the data storage and security encryption modes, can create his own database or access ready databases, setting validation prices and conditions of use. Instead, the user accesses the platform by activating the ENDO Documents Module, to validate the use of their data and accept the terms of use, receiving ENDO token in exchange. At the same time the user can withdraw the authorization to use and delete them.
ENDO also implements other modules, in addition to Documents, including ENDO Workflow which makes it the ideal platform for the use of applications that want to track products. Through the platform it is possible to make two different blockchains interact, as for payment systems projects with crypto-coins or for applications that want to interface with other apps to add functions, while enjoying the database managed by the former.
Native tokens become crucial on the ENDO platform, indispensable to compensate those who consent to the use of their data and to repay the management of the platform and therefore of the internal blockchain, ie the delegates who maintain the nodes on DPoS architecture (* Delegate Power of Stake).
ENDO PROTOCOL TOKEN (ET)
EToken is an intra-platform utility token. EToken is the only currency that can be used to pay verification fees and data exchange between system users. If the user decides to store data on third-party servers, or to store hashes on other Blockchains, the User pays with the ET, which is exchanged for the other currency. ET will be operating a Commission Pool (C-Pool) that will be distributed between the Node holders, the Development team and will be used to fill the pool for other blockchain cryptocurrencies.
USES OF THE ENDO TOKEN
- Users need ENDO Token to pay organizations for the service they provide through the platform. ENDO Token can be earned through sharing information.
- Organizations may use the ET to buy and sell data, available on the ENDO Platform. If the data sold is user data, then the user earns a % of the ET or opts out, choosing to not allow for their personal data exchange.
- Node holders will receive a proportion of the ET, acquired through commissions. Similarly, the team of developers will receiving a portion of these commissions. The DPoS architecture will allow for holding the ET in wallets, to pool funds on the nodes and participate in the DPoS.
- Participants of the platform (Community members who have ET) could vote for delegates who support the ENDO Blockchain. This way, the entire Community participates in the consensus, and still follows the delegate model. If a user has ET, they can use them to vote. If these tokens are transferred or spent, the right of voice is lost automatically.
In Conclusion, ENDO is a platform that adapts to the needs of development of any kind and whose goal is to improve everyone's life by maximizing the added value of the blockchain and the crypto-coins.
Website: https://endo.im
Telegram: https://t.me/endo_en
Whitepaper: https://endo.im/whitepaper/
Reddit: https://www.reddit.com/user/endo_protocol
Token sale: https://mtokensale.endo.im
Blog: https://blog.endo.im
LinkedIn : https://www.linkedin.com/company/endofication/
Facebook: https://fb.me/endoprotocol
Telegram: https://t.me/endo_en
Whitepaper: https://endo.im/whitepaper/
Reddit: https://www.reddit.com/user/endo_protocol
Token sale: https://mtokensale.endo.im
Blog: https://blog.endo.im
LinkedIn : https://www.linkedin.com/company/endofication/
Facebook: https://fb.me/endoprotocol
Authors Information
Steemit Username: e4ourma
Bitcointalk Username: Johnyjay
Bitcointalk Profile; https://bitcointalk.org/index.php?action=profile;u=1819701
Bitcointalk Username: Johnyjay
Bitcointalk Profile; https://bitcointalk.org/index.php?action=profile;u=1819701
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