We live in a technological age and this has brought about enormous benefits including fast transactions, purchasing items online, sending money faster and so on. The issue of fraud also seems to have to stay with us since people now use technology to deceive people and show off fake documents to receive huge benefits. At times, it is very difficult to identify genuine people from fake ones because a lot of people are carrying fake identities for their own fraudulent purposes. In addition, the traditional way of storing data can lead to data loss during natural disasters or data can be manipulated by bad people. We store a lot of data regarding our personal life, transactions, properties obtained, receipts from payments and a whole lot of stuff.
ENDO seeks to employ the use of blockchain technology to create a platform for storing and verification of data; hence will save us the hustle of storing our documents. Companies will also have the chance to verify documents of applicants before awarding an employment in order to give employment to those who deserve it. Data stored on this platform will only be shares to other third parties by the permission of the users because they will possess a special security system to store their data.
Lately, decentralized systems have created KYC, a means to identify users on their platform. This KYC only identifies customers and therefore cannot identify fake passports and IDs. ENDO seeks to provide a better form of KYC that will detect fake IDs and passports, and will also ensure that one person is entitled to one account, which is also a means of checking fraud.
Storing of data by companies increases their expenses because they will have to purchase drawers, files and other things in order to keep data safe. The introduction of ENDO will help companies cut down on expenses spent on storage of data.
We will provide transactions at a speed of 65,000 transactions per second, so our community members will not have to worry about how fast transactions will be.
This platform will benefit diverse people irrespective of their knowledge background. Lawyers will have the chance to verify data presented by clients or those that will be used for concrete evidence in order to ensure justice. Universities will also have the chance of awarding degrees through this platform.
Endo will affect a lot of sectors including health, education and storage of data. With the health sector, the history of patient will always be stored on the system and be accessible by the doctor and the patient. As a result, the history of the patient will always be available anytime he or she goes to the hospital, therefore the progress of the patient can be monitored easily.
Companies will be able to store data of their employees and prospective employees in order to identify the employees to be promoted or employed.
Some goods who are produced usually have a code which identifies the authenticity of the product. But on the market, consumers find it difficult to identify the counterfeit goods from the real ones. With the use of ENDO, it will be easier to identify real products from fake ones and also consumers will be able to track goods until they are delivered to customers.
In our world today, data storage is centralized so whenever there is damage to the server, it affects the data produced. Data is also not protected from modifications or deletion from other people.
Token
The Etoken will be the token used for exchange on the platform for sharing and distributing data.
Team Members
Useful links about our project
Website: http://endo.im
Facebook: https://fb.me/endoprotocol
Telegram: https://t.me/endo_en
LinkedIn: https://www.linkedin.com/company/endofication/
Twitter: https://twitter.com/endo_protocol
Youtube: https://www.youtube.com/channel/UCMy8l1hrfGd5B9idyQTH4KA?view_as=subscriber
At long last there is a team that cares about the security of our data to prevent hackers from having access to our information. great job team
This will help us get rid of fraud and the fake documents that are in existence. A great project indeed.
Companies will now save a lot of money which is spent on storage of documents and verification of documents presented by applicants.
Good info sharing
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Storing data the traditional way can cause data to be lost when there is flood or other disasters. This is a great idea and will help save space in offices and homes.
Data is a very important asset and losing it will cause us a lot of money. I believe storing it the digital way is the best