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What problem does EndChain solve? (or: what human need does it satisfy?) and how exactly does it do so?
Existing logistics companies and manufacturers see the benefit in blockchain tracking, but are hesitant to revamp multi-million dollar systems. EndChain allows corporations to easily extract both the generic barcode data and the item-specific blockchain QR code data at the same time. As EndChain's program will be running in the background of existing systems, our combination code will be easily identified by our program and the generic data will be entered into legacy systems for traditional logistics and manufacturers. Simultaneously, the blockchain will be updated with the item-specific blockchain data.
How is the idea monetized? How do the token holders profit?
EndChain has multiple ways to be monetized: through companies purchasing our patent-pending qr and barcode combinations, big data and smart contracts. To ensure that token holders will profit, 2-4% of all transactions will go to burning tokens. As the number of tokens decrease, the value of those remaining will increase.
Development of EndChain concept
Whitepaper v1 completed design process flow
Discussions with patent lawyers
First working version of the unique EndChain QR code/barcode
Different versions being tested for efficiency
Launch of www.EndChain.io
Release of a finalized EndChain Whitepaper
Setting up ICO and reaching out to potential partners*
Obtain patent pending status
Start token crowdsale*
Finish of crowdsale
Token distribution following internal and external audit
Develop beta smart contract library
Basic KYC framework development
Prepare strategic partners for early adoption
Direct communications infrastructure
Create API for easy use of our system
Complete test platform for contracts
Alpha-testing of Minimal Viable Prdoduct through existing app with leading partner
Beta testing of the app, roll out beta to a more partners
UI and UX improvements to app
Discuss with beta testing users and update app based upon suggestions
Improve app functionality and backend integration
Improvements for fraud reporting and allocation
Train AI to recognize patterns in fraud
Full version of app launch
Big data analytics opens
Further development and features to be announced
1 ENCN = $0.24
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