In the modern and industrialized world, people tend to keep large amounts of information or data about themselves, friends, family etc which may include certificates of different types, memories, documents, and accounts. This is limited to but not excluding personal data, commercial data like delivery of cargo to warehouses, orders, acts, contracts as well as agreements and declarations.
Data stored on paper have the consequence of fragility and the tendency to wear and tear. In addition to that problem is that documents can be tampered or modified without the right approval which might have a negative effect or consequences. A typical example is the manipulation of certifications to get the desired job function.
It is widely known that the most widely used method of data storage and identification is the conventional method. Since the modern day technology has brought many means of data capturing and storage, there has been a relatively large need for a good data control, identification and verification system to prevent data abuse. The rapid increase in the development of the internet and smart communication features has also triggered the need for a more transparent system of data collection and verification.
Most times, we don’t interact with people face to face and therefore there is a need for the invention of new and better ways to verify people’s identity. This feature and capability is a must-have for key competitors in a highly competitive market and the competence in carrying out quick and reliable verification is a great determinant or parameter for success in the global market. Getting new customers and controlling fraud risk while maintaining a good level of operational efficiency can be a tedious task. These manipulated documents can cause lots of shortcomings and abuse which might lead to a further violation of the law and also induce results riots.
In this era of technology where anyone can forge any seal or signature they want. We still do need to trust the paper method because there is no any other good option.
The ENDO protocol and system which is designed with built-in Blockchain technology, automatic data reading, document integration, document validation and verification can help to protect institutions, companies and any individual from fraud. ENDO can be regarded as a Blockchain, a protocol and sophisticated data verification system. The built-in Ecosystem of the ENDO protocol or platform serves as a decentralized environment or base for verified data. It would keep that Data safe and people or systems would come to trust it and remotely, instantly, and safely access it.
On the ENDO protocol, applications have been created to allow the sending or transfer of paper documents with inked signatures to digital documents. With that, people would be able to make use of the digital document and create its authenticity records. This information exchange system would only be permitted or allowed on the platform only if the individual or organization has the Endo token. The primary aim of the all the designs, applications, features, and products on the ecosystem is to ensure transparency, safety and validation capability. i.e ownership authenticity.
Owners can now manage their personal, corporate, semi-private and public information about their records, achievements, documents, awards, and transactions, etc., using this incredible and easy-to-use platform called the ENDO platform. Though prior approval might be needed in some cases, it would help to reduce data abuse and plagiarism.
The platform alpha based version of the application is already operational and used in many establishments such as schools, training institutes and companies in Russia etc. The basic functions that can be found on this limited version include the creation and publication of documents in the test network, document acknowledgment, cancellation, owner addition, owner sharing, OAuth for integration with institutions and open API.
The system would be helpful and applicable in places like the banks, universities, KYC/AML networks, documents flows, HR services and employment records, medical institutions, high valued goods, statistics and data exchange service.
The Endo ecosystem is made up of units namely the protocol unit, modeling unit, Endo core, API, meta-applications. The system also permits integration of user’s application to give high user experience.
The Etoken would be the utility token to be used on the platform and it can be used for all kinds of payment on the platform. It can also serve as a means of enacting viable investment for early investors, partners or token holders.
With the ENDO protocol or platform, one can create a private and public Blockchain, configure the levels of access to the information, then condition it for data exchange and transfers between various organizations and also depersonalize and protect the data.
This is a big plus to the data world and there is a high assurance of great success due to the level of experience in the team behind the creation.
USEFUL LINKS:
WEBSITE: https://endo.im/
WHITEPAPER: https://endo.im/whitepaper/
ONEPAGER: https://endo.im/onepager/
TELEGRAM: https://t.me/endo_en
FACEBOOK: https://fb.me/endoprotocol
TWITTER: https://twitter.com/endo_protocol
MEDIUM: https://medium.com/@endo_protocol
GITHUB: https://github.com/ENDOprotocol
YOUTUBE: https://www.youtube.com/channel/UCMy8l1hrfGd5B9idyQTH4KA?view_as=subscriber
REDDIT: https://www.reddit.com/user/endo_protocol
INSTAGRAM: https://www.instagram.com/endo_protocol/
karlkino
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