powered by Coinlib

Monday, February 19, 2018

ELEMENTH - Blockchain Designed For The Ecommerce Sector

Hello everyone, in this new post I will explain about Elementh project, and here is the discussion:

Elementh is a blockchain designed for the e-commerce sector. This is a list of "goods ownership", which has the ability to write a special smart contract and use nomenclature standards to quickly create decentralized and centralized apps.

One of the main features of Elementh is the availability of a uniform nomenclature. To ensure that the item card is as accurate and accurate as possible, and to reduce the chances of making a duplicate card, the cost of making and using the card will be different. To create merchandise cards, participants must pay, for example 1 EEE (the price will be determined by choosing a delegate). When the owner adds items to the system, he is offered to use an existing card or create a new one. The use of existing cards costs 100 times less than the new ones (for example, 0.01 EEE). The cardholder receives a gift for each owner of the goods using his card, and also to make transactions using this card. Each participant in the system can complete the information in the existing card,

Originality of more goods
The items in the system are in one copy and if the goods with the same serial number are added to the system, each dApp can notify the buyer that the origin of the item is unknown. If the ownership chain is from the manufacturer, the authenticity of the goods will be made throughout the network.

Jack's shoe store

Jack and Fraud issues Customer perspectives
Steve has long used the app to find the lowest price for the products he needs. Today he decided it was time to order new shoes and within minutes he found the couple he needed at Jack's shop and ordered goods, sent money to a smart contract. Steve is not afraid to make purchases online and send money to unknown sellers for a long time. If Steve does not receive the goods, he will only show it in a smart contract and his money will come back to him. This time his order was processed almost instantly and his messenger arrived an hour later. Ensuring that the shoe is of the right quality Steve completes the smart contract and his money goes to Jack while Steve becomes the owner of a new pair of shoes. He can easily sell these shoes in the secondary market once he gets bored with them because the Elementh network knows that he has genuine goods that are not fake. With just two clicks he will be able to install it for sale.


1.A decentralized market based on Elementhlebih
Based on the Elementh blockchain, each market will allow sellers to use existing goods cards without creating new items. Data on product ownership will allow you to exclude counterfeit products sold through the market. Integrated merchandise cards will enable you to find the lowest price for the product easily. At the same time, it becomes possible to pay using crypto currency.

2.Tracking the movement of the goods
Chain manufacturers - distributors - sellers - complete buyers, stored in the Elementh Block, will make it possible to find suppliers for any product volumes, until order goods directly from the manufacturer. We see it as the future of e-commerce.

3.Looking for goods with geolokasilebih
Seller information available on Elementh Block lets you find the most convenient purchasing place for any item.

4.Decentralize the delivery of more messages
The ability to send messages allows you to contact participants directly in a transaction. This will allow setting up exchange systems, bidding, getting individual purchase conditions and so on.

5.Designer tokolebih
Having all the data needed to create a store, this system allows you to create an individual decentralized display for each vendor in the system.

6.More phony searches
Data of all chain participants will make it possible to track the appearance of counterfeit products at the stage of transfer of ownership of the goods.

7.More banking scores
Access to data on all transactions from each participant of the system will enable the seller's appraisal instantly, allowing for the establishment of credit systems and overdrafts by banking institutions.

8.Different verticals
Blockchain elements can be used by service providers, such as hotels or airlines with ticket coupons, coupons or vouchers to store information and track ownership.

Elementh's goal is to create alternative protocols for decentralized application development used by e-commerce, provide the standard quality nomenclature, guarantee the ownership of certain products and the ability to make smart contracts specific to e-commerce. Elementh will achieve it by creating blockchain with the Turing-complete built-in programming language, enabling anyone to write smart contracts and decentralized apps, enabling the use of integrated product cards, e-commerce transactions and ownership transfers.


From statista.com
In 2016, global retail e-commerce sales reached $ 1.915 trillion. They are expected to increase to $ 4.058 trillion.

from statista.com
The biggest market in the world is Amazon. Revenue exceeds $ 125 billion by 2016.

From statista.com The biggest holding company in China is Alibaba Group.
Elementh Blockchain can be used by the world's online markets and stores for their nomenclature standards and goods systems. E-commerce is a growing market in all countries and the popularity of a decentralized market is a boon for the Elementh Foundation. If we are going to partner with all new markets, our blockchain can be standard in the e-commerce market.

  • 2012 Establishment of MIIIX company
  • 2012 Investment from Business Partners RSV and business
  • 2014 The number of product categories is 1000
  • 2016 In the MIIIX database there are 70 million SKUs in 30,000 product categories, 1000 stores from various industries, clients from small stores to the largest portals in e-commerce (Sberbank AST)
  • 2017 Transition to blockchain technology with the introduction of opensource projects
  • 01/2018 Pre-SALE Personal (15.01 - 31.01)
  • Whitelist only; min. 10ETH or 1BTC; max. 100 buyers;
  • 02/2018 Pre-ICO (01.02 - 14.02)
  • min. 1ETH or 0.1BTC; max. 1000 buyers; 1EEE = 0.0001ETH; BONUS white list: Day one: 30%, Day 2: 15%
  • 03/2018 ICO (01.04 - 30.04)
  • 1EEE = 0.0002ETH; BONUS white list: Day one: 30%, Day 2: 15%
  • 06/2018 Alpha-Elementh version of blockchain
  • 09/2018 The blockchain element of testNet
  • 12/2018 Launch of Elementh blockade
  • 03/2019 Launch of the first DAPP
The Elementh project has evolved from miiix.org products that are being developed since 2012. When we found Miiix is a fully working business in Russia that has investments from VVV Business Partners and business angels and solid partnerships, for example, with Sberbank AST and SAP Hybris and 200+ online stores and small and medium-sized markets.

For more information on Elementh at this time, please visit some of the sites for the following References:

Bitcointalk user name: Icaica22

No comments:

Post a Comment

Popular Posts