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Monday, March 26, 2018

ELEMENTH - To Solve Modern E-commerce World Problems




Greetings community,

INTRODUCTION

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

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

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

System Goods


Together with the token system, Elementh has a goods system, which can also be used in some major applications, such as searching for certain goods movements from creations to the present, searching for genuine goods and detecting counterfeit goods. . Unlike the token system, the goods system also provides the power to "delete" certain products at a particular address, indicating all possible item data (such as name, manufacturer, barcode, etc.).

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

To provide protection against forged data, only the hash of the serial number specified in the system, therefore only the person who knows the initial number has the power to make a valid transaction. Without the serial number when the item "pulled out", the system generates it randomly and the holder can use it to identify the particular item by printing the QR code on the packaging, writing it in the RFID tag or perhaps with a different easy step.

More Unified Nomenclature
One of the most important features of Elementh is the uniform nomenclature. To ensure that items are as accurate and accurate as possible, and to reduce the chances of making duplicate cards, the cost of making and using cards will also be different.

To create a merchandise card, participants must pay, for example 1 EEE (the price will also be set by selecting the delegate). When the person has given the item to the system, it is offered to use an existing card or create a new one. The use of existing cards is 100 times smaller than the new one (eg 0, 01 EEE).

The cardholder receives a gift for each owner of the goods using the card, and to make transactions using this card. Each participant in the system can complete the info on the card, and the cardholder may accept or reject the proposed changes.

Competitor
The direct competitor of this project is an on-line B2B e-commerce project, such as Indix. In this segment, Elementh's innovative projects use Blockchain and can be used by decentralized markets that use crypto for internal payments.

There are also some Blockchain bases for E-commerce so competitors for Elementh, such as VeChain, INS Ecosystems, Connectius, Flipz, StopTheFakes, and so on. Interestingly, some of them are niche products, and they are not really infrastructure bases but just applications for smart contracting for e-commerce.

We think Elementh has more infrastructure projects and can be used by different markets and bases. Beyond that, the advantage is 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 a type of competitor for the Elementh project, as they can be developed without Elementh and in this case they will also work in the same market. It is very important for the Elementh team to gain partnership with all current decentralized markets that have been successful or will also start as soon as possible.

For more information :


The bitcointalk name: Icaica22

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