Elementh - Bringing the E-Commerce Sector to Blockchain Technology


 
Hi Guys, How are you today ? Have you get updated to the Cryptocurrency Market today ? in This time, I will bring a summary of information Technology in the world of Cryptocurrency. I will give you information about Elementh - Bringing the E-Commerce Sector to Blockchain Technology.

Currently, the Crypto world is like a deep jungle for many who have not grown up with Bitcoin, wallets, tokens, etc. The incredible hype around Bitcoin has raised many people’s attention. But, still, the adoption barriers for mass market users are extremely high. Just think about the cumbersome selection of a crypto exchange, the registration, selecting and maintaining a wallet, and storing and handling private keys.

As we know, Blockchain-based technologies have the power to solve the issues presented by this context. Yet in their current state, these technologies will not be sufficient nor effective until users are able to easily and proficiently interact with them. Decentralized solutions and intermediary-free services or tools are of critical importance to enable users to regain control over their freedom, privacy and what constitutes their digital “life pieces” including IDs and data.
 
 


Do you know what is Elementh ?  Elementh is Blockchain for e-commerce, which is a list of ownership of goods with the power to write a special smart contract and the use of nomenclature standards to make decentralized and centralized applications for e-commerce as soon as possible. Elementh has absorbed the best achievement of a year more recently in the blockchain, which has the goal of solving the problems of modern e-commerce world.

Elementh is blockchain for e-commerce, which is a list of ownership of goods with the power to write a special smart contract and the use of nomenclature standards to make decentralized and centralized applications for e-commerce as soon as possible.

Elementh has absorbed the best achievement of a year more recently in the blockchain, which has the goal of solving the problems of modern e-commerce world. Elementh is blockchain for e-commerce, which is a list of ownership of goods with the power to write a special smart contract and the use of nomenclature standards to make decentralized and centralized applications for e-commerce as soon as possible.


Mission

Elementh's goal is to create alternative protocols for decentralized application development used by e-commerce, provide standardized quality nomenclature, guarantee the ownership of certain products and the ability to create smart contracts specifically for e-commerce.

Elementh will achieve it by creating Blockchain with Turing- complete built-in, allowing everyone to write smart contracts and decentralized apps, enabling the use of integrated product cards, e-commerce transactions and proprietary transfers.


Elementh Application

1. Decentralized marketplaces based on Elementh.
Based on Elementh’s blockchain any marketplace will be able to allow sellers to use existing merchandise cards without creating new ones. Data on the ownership of the product will allow you to get rid of counterfeit products sold through the marketplace.

2. Tracking the movement of goods.
The complete producer – distributor – seller – buyer chain, stored in the Elementh blockchain, will allow to find suppliers for any volume of products, up to direct order of goods from the manufacturer. We see it as the future of e-commerce.

3. Search for goods by geolocation.
Seller information available in the Elementh blockchain allows you to find the most convenient places of purchase for any item.

4. Decentralized sending of messages.
The ability to send messages allows you to contact directly with any participant in the transaction. This will allow setting up exchange systems, bidding, obtaining individual purchase conditions and so on.

5. Store designer.
Having all the necessary data to set up a store, the system allows you to create individual decentralized showcases for any vendor in the system.


Elementh Ecosystem

With the Token System, Elementh has a system of goods, which can also be used in some large applications, such as searching for the specific movement of goods from its creation to the present, searching for genuine goods and detecting counterfeit good.

The system of tokens can be used in a huge number of applications from binding to assets such as USD or gold to company shares. The system of tokens is easy to implement in the Elementh blockchain.

If the identical item is already in the blockchain, the publisher will also receive a message about it, and he will also have a chance to show you what items want him to "show". When an item has a serial number, you can be sure when the transfer operation is done.

To provide protection for the forging data, only the hash of the serial number is decided in the system, therefore only the person who knows the initial number has the power to conduct a valid transaction. With no serial number when the item "ejects", the system generates it randomly and the holder can use it to identify the specific item by printing the QR code on the packaging, write it in the RFID tag or perhaps with an easy different step.
 
 
 


Transactions in the chain of blocks must be safe, unambiguous and irreversible, and be carried out as quickly as possible to facilitate the reliability and decentralization of the system. In practice, the difficulties arise in two different aspects of this process: selecting a unique node for the production of the block and making the record irreversible


Conclusion

We think Elementh has more infrastructure projects and can be used by different markets and bases. Beyond that, the advantages need to be Elementh is a great experience in the B2B E-commerce market from 2012 as well as businesses that work with true customers.

Different markets are also the type of competitors for the Elementh project, because they can be developed without Elementh and in this case they will also work in the same market. This is so necessary for Elementh's team to gain partnership with all of today's decentralized markets that have worked or will also start as soon as possible. 
 
 
ICO Details

Token Symbol : EEE
Token Platform : ERC20
Accepted : ETH, BTC
Hardcap : 30,000 ETH
ICO Date : Apr 1, 2018 — Apr 30, 2018
Token Available on Sale : 217,500,000 EEE
Token Price : 1 EEE = 0.0002 ETH
Sale Bonus : 30% early birds bonus (first day of ICO) 


Elementh Blockchain has its own built-in currency, elementh (EEE), which serves two purposes, firstly, it is to provide a primary level of liquidity, which in turn ensures an efficient exchange between different types of digital assets, and, secondly, more importantly, for payment of transaction fees.

 


Created by : 

JuiceAnnabel

Comments

Post a Comment

Popular posts from this blog

Cred Platform Adopts Algorand Blockchain

Image
The concept of Decentralized Finance also called DeFi, is becoming the order of the day as it is rapidly becoming the most prefered and widely used financial system globally.   The DeFi industry was developed as a solution to the centralization of the previous financial system, which made the progress of the global system to be difficult as this centralization hindered the entire system from delivering the full benefits to everyone all over the world.   Centralization has been confronted by limiting challenges such as the absence of security due to the concentration of power, making it prone to any form of attack. That's why a lot of centralized systems were easily hacked putting the users in jeopardy.   All these and many more, are as a result of the fact that the control of the system's operations is handed over to a few individuals to manage it centrally, also making it prone to manipulation.   But Decentralized Finance came to improve all these, and offer great f...
Read more

GotEM - The Blockchain Platform For Your Cases and Missions

Image
Good day my friend, do you like to read or watch mystery-detective genre novels or movies ? I do, i am the fan of detective genre books and movies. I think the most famous detective in the world is Sherlock Holmes. In the story, Sherlock Holmes and his assistant Dr. Watson are works for some certain missions and cases. Not only in the movies but in real life, there are many cases and situations that can't be solved by common people. To solve the cases, specialists are needed, they are detectives, investigators and other privates specialists as well. Because of this needs, the demands for detectives and investigators has been created and the market of the business is growing. The problems Many people are hiring private detectives for some purposes and missions to solve their unsolved problems. They will need to meet their hired investigator to explain regarding their problems. And eventually, they will received the estimated cost of the case investigation and deposit fee which is un...
Read more

FreeZone - The 1st Free Crypto Economic Zone For Blockchain Business

Image
    Good day to you Everyone! Please feel free to read. In This time I will bring a summary of information our project FreeZone here. It’s the first Free Crypto Economic Zone for Blockchain business in the world. We aim to make it totally comfortable and easy. All the companies taht will operate in FreeZone, will have the full infrastructure and will be able to operate legally. We know that Cryptocurrency is very popular nowadays. The first cryptocurrency was bitcoin, bitcoin was found in 2009. At that time, there is only few peoples that know about bitcoin. But look at now, bitcoin is known by almost all of peoples in this world. Not only bitcoin, we know about ethereum and other cryptocurrencies too.   A Blockchain is a decentralised, public ledger of transactions also known as a distributed ledger. Transactions between encrypted accounts are verified within a network of nodes (computers) on the internet. Now there is no area in the world where Blockch...
Read more