Dec 1 2018

EndChain As The Solution For Logistic Problem

The development of globalization era bring out lots of changes in human living aspects. The globalization has been created the modern technology and discovered internet as the compliment in life. There are many advantages to internet usage. One of these advantages is the movement from the manual market into the digital market by using the digital purchase. As we know, the economy atmosphere in the world shows the improvement for one decade latest.

The digital transaction becomes the trend for people, because of more practice, effective and efficient. The digital transaction relies on the internet network in operation. The problem is coming when the seller can’t provide the trusted logistics and transportation. Then, the digital transaction present and able to change the cash currency into digital currency through the application by doing a top up for user wallet.

Besides that, the discovery of blockchain technology also can support global trading in the world.  This condition makes some companies in this world innovate in creating the brand to facilitate and promote the digital world for the public.

The blockchain technology exists as the strongest case for the logistics and transportation matter. The blockchain technology can make the decentralized transparent transaction. The blockchain technology connects the product into a customer by logistics link — moreover, this technology work as revolution power for modern supply chains management. Based on World Economic Forum data, the global trade which is using the blockchain technology can improve up to $1trillion.

Then, the existing of blockchain itself makes several companies creating the solution for logistics and transportation problem. One of them is EndChain. EndChain is working in a logistic chain which focuses on transferring the good from the manufacturer into reseller and customer. EndChain as a problem solver for the logistics industry with utilizing the blockchain that easy to use for chain supply ecosystem.

The work of EndChain is coordinating the producers, the transportation or logistic service, reseller and another party to realize easier and transparent transaction. EndChain goals are to minimize the disruption of the logistics industry by open protocols, decentralized, and utilities. If we overview the digital market problem, two serious problems become the background, there are:

1. Less of transparency

The logistics are tracking management using out of the date system which doing the goods input manually such as using the paperwork. The logistics service oblige to maintain the goods until receiving in customer’s hand. The tracking is lack of transparency while working. In many cases, the customer receives their order in broke condition, delay for a long time, and nothing detailed information about tracking history. Finally, the consumer feels uncomfortable and disappointed. If the logistics industry still holds the manual system and not being up to date with the newest technology, the logistics service will be left over time by time.

The logistics industry should improve their transparency to consumer and producer. They will be comfortable and trust to make a purchase. To fix these cases, several companies combine the logistics systems with the latest technology; there are blockchain, the credit letter, and the delivery receipt. This innovation is offering the benefits for companies to take a risk for luxury goods such as the art, diamonds, gold, handbags, etc. Then, EndChain exists to provide the solution with low shipping costs which can be appropriate for all goods.

2. Less of responsibility

The responsibility of the logistics service is an important point that should become the priority. The package has a high possibility of broken, lost, delay, or stolen. The companies will face the loss of these incidents. Furthermore, the producer should pay the compensation to the consumer. To overcome the problem, the companies are move into blockchain technology which is adapted to the logistics industry. Through blockchain, the transaction between sellers with the logistic party is recorded permanently. It will be documented and more trusted in shipping — the document named smart contract.

The smart contract has the function to determine who the party that must be responsible if there is an accident like stole, delay, lost or broken off the goods while shipping process. Then, the less responsibility also can be seen from the logistic server that didn’t update the tracking information. Some consumers will give the negative review for the seller, they going frustrated because their order status is unclear. This is become the serious homework for logistic management if unwanted to the left over the producer and consumer.

 The Introduction of EndChain Technology

Fast operation and communication are a need for the shipping process. The logistics industry should provide a comfortable, trusted, and on time service. The EndChain Company commit to building the logistics management that converting the paper document which is limited on liability into the compatible form for all industry. The data input or verification process of usual logistic can spend much time until the day, but by using the EndChain platform, the verification can be done in several minutes only with no human intervention. The EndChain technology is adaptable for all manufacturer and producer.

The base concept of EndChain is to reduce the logistic cost. As we know the logistic cost is very high in this decade. It will burden the businessman or producer. By using the blockchain technology, the cost will be reduced, and the burden of the producer will reduce too. The EndChain platform is completed with barcode and QR scan. These features have a different function that can’t be separated. The barcode and QR code is easy to use in all time and all places. The barcode and QR scan is the great combination which contains lots of conveniences and advantages for people. These advantages can be summarized for two major.

1. Increasing the productivity of the logistic employee

The barcode and QR code usage is helpful for the workers. In general logistics management, the worker should arrange the package and verify them one by one. It will consume time too much. Besides that, the manual process not effective to do. For example, first the worker receive the package, they making a paper document for the package, they input the data manually. If in a one day 1000 packages should be verified, the process will not be effective and efficient. By using the EndChain which combining the blockchain technology, these risk can be decreased. Just doing one way to verify the package, scan the barcode. The employee will save time and more productive.

2. Increasing the transparency of transaction

After the packages are scanned, the data will be updated automatically on the legacy and blockchain system. The EndChain program will detect the barcode as soon as possible. Then, the detailed information will appear and recorded directly. EndChain was designed with the method that compatible and easy to integrate with another system and store. Such as the B2B and B2C store. By using the EndChain, the transparent transaction will be created; the customer won’t be frustrated anymore. This is a very simple technology that contains significant advantages for people around the world.

If you’re interested to know more about EndChain, you can visit our sites on:

Ann Thread: https://bitcointalk.org/index.php?topic=5055264

Website: https://www.endchain.io/

White Paper: http://www.endchain.io/#language

The EndChain Features

The EndChain program is available with several features that allow the user to get the new experience in the digital market. For this time, the EndChain still seeking build the strong features to complete the program. The features of EndChain are:

1. The privacy system

To secure the data of package, the privacy system should be working extra. The privacy feature of EndChain allows the companies to decide the data that can be entered into the program. The validated data will be encrypted by blockchain then it will build the safety system. Our program can be settled to receive QR barcode of certain or all products. The users can write the key permission as requirements to use the program. The history of order is opened for the customer only. So, the risk of data loss is impossible. By using the EndChain program, the human error factor will, and the privacy will be more protected.

2. The direct communication

The direct communication is one of the EndChain features that allow the manufacturer as a sender giving the message to the logistics service — this feature able to monitor the location of the package and knowing the problem that may occur during the shipping process. Also, the report if the package is received. The direct communication is designed like the private message between two parties. They can communicate about the transportation process. This feature is so beneficial for both and able to improve the trust to the logistics service.

3. The security for the goods

This feature has the function to minimize the theft incident that maybe occur to the package. EndChain completed with the theft detector and allowed the customer to get the information about that. The system will mark the potential person who steals the item. The theft can happen during the sending processor when transit. Then the buyer should enter the code number of the item; the system will search the location of the item. Finally, the consumer can report the theft into police. It’s different with a manual logistic system which can’t detect the theft if occur. This feature is really helpful for all parties.

4. The smart contracts feature

This feature can give the manufacturer and transportation create their contract. The smart contract usually contains about the responsibility of both parties if something wrong. The mechanism of making a contract starts with two parties that put the coins. If the goods are received successfully, the coin will return into the most respect parties. If one party is breaking the contracts, they will get 0 coins. The smart contracts also able to save the logistics document in digital form. Then, the document can be used to supply the chain. The supply chain practice is more efficient.

5. The big data feature

EndChain provides the large database that contains all interaction between manufacturer and transportation. The data also include the information about completed transportation. This feature aims to deliver the condition of items. Besides that, these data also become the evaluation for the logistics to identify the problem and planning the solution. This is one of the EndChain commitment to improving the planning and timing of logistic company itself. The big data are also working as a supporter of the coin price. The data will represent the price of a logistics company, include their service fee for a month. The user can choose the object that will be paid by the tokens.

The ICO Information of EndChain

The ICO of EndChain starts to sell at 1st on December 2018 until 15th on January 2019. When the token sale is running, the target of this sale should be reached. For the threshold is up to $4 million, and for the hard cap is $15 million. The seal will unstop until the maximum amount already done. EndChain can add the token stock if it’s possible and needed. The ICO details are consist of five rounds. Each round has the bonus and price differently. It’s created to accommodate the customer needs that adjusting with their budget. These rounds are:

1st round: $1.500.000 raising goal with price 0.160 USD

2nd round: $3.000.000 raising goal with price 0.178 USD

3rd round: $3.500.000 raising goal with price 0.200 USD

4th round: $3.500.000 raising goal with price 0.218 USD

5th round: 43.500.000 raising goal with price 0.240 USD

The EndChain users can choose the round that they want to buy. For each round contains the bonus up to 50%, 35%, 20%, 10%, and five giveaways. On each giveaway will take 40.000 tokens. The tokens stock for the first launched is up to 23.419.944 tokens for soft cap and 74.567.312 tokens for a hard cap. The EndChain project still needs the process of completing the program. That’s why we always open to the people to asking us the critic or suggestion through our social media on:

Facebook: https://www.facebook.com/EndChainIO/

Telegram: http://t.me/endchainIO

By admin • Blockchain Technology • 42 • Tags: globalization, information, long time, market, QR, service, smart, technology, tracking, transportation