The ENDO platform is featuring a protocol, a blockchain, and several data verification procedures. The ecosystem presented by ENDO protocol forms a decentralized environment for verified information. It features data that everyone from humans to bots can trust and access remotely, safely, and immediately.
The users can use the ENDO Ecosystem to build both public and private Blockchain, organize the levels of access to the data, and set terms for sharing and exchanging that data between different participants. Several applications have been designed by using this protocol which permits the relocation on paper documents with original signatures to digital documents. Every user will gain a digital certificate of their recognition and brand things to develop a digital passport of legitimacy. This platform will get active during 2019 and then all the participants will be able to use it for developing applications.
Why Data Verification Is Important?
The number of internet users is growing very rapidly. Every user has got a smartphone to access the online services. The chances of meeting the client face to face are quite rare because online interaction is enough for making many big deals. Therefore, it is quite important to find the methods of verifying the identity of the partners and clients.
The competition is getting tougher with every passing day and therefore it is quite essential to verify the user data that reveals the true identity of the partners and customers. The businesses want to draw the attention of the customers and at the same time they try to prevent the risk of fraud. They are looking for the ways of maintaining a stable level of operational efficiency which is a very tough task. Today’s industry seeks an unbeatable solution to recognize the fake information and prevent frauds from causing a considerable loss to the organization. The ENDO protocol provides workable solutions that can actually prevent spreading of fake and unreliable data.
Features That Make ENDO A Great Solution:
The ENDO as a set of subsystems provides the following solutions for which it can gain a huge response from the users across the globe.
It enhances trust levels in important information.
It reduces the chances of forging information.
Provides the users with an easy access to the data.
Features convenient and flexible control of data exchanges.
Forms a typical outology for several types of information for simplifying and typing.
It is the most reliable source of information monetization.
It makes the user capable of managing the access to users’ own data.
The users get capable of storing, deleting, and sharing their personal data.
The users can gain power to monetize their personal information.
Final thoughts:
The user data is turning into a new asset. Accessing reliable information is going to be tougher in the future and therefore it is important to find the ways of accessing the most reliable user data. ENDO is providing multiple solutions which can simply provide the participants with the most reliable information.
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