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ELEMENTH


what is Elementh?

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. 

FEATURES ELEMENTH

Nomenclature of Unified Goods
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 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.

Goods system


In addition to the token system, Elementh has a merchandise system that can also be used in a variety of applications, such as tracking the movement of a particular object from its creation to the current owner, tracking original goods and the detection of counterfeit goods. Unlike the token system, the commodity system also allows for the "delivery" of a particular product to a particular address, indicating all possible item data (such as name, manufacturer, bar code, etc.). ). And if identical goods are already present in the blockchain, the sender will receive a message about him, and he will have the opportunity to indicate how many goods he wants to "emit". If an article has a serial number, To provide data forgery protection, only the hash of the serial number is fixed in the system, therefore only the person who knows the initial number has the opportunity to make a valid transaction. In the absence of a serial number at the time of "issue" of the goods, the system generates randomly and the holder is able to use it to identify a particular item by printing the QR code on the package, in writing it in an RFID tag or in any other practical way.

MISSION ELEMENTH

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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 create smart contracts specifically for 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.

MARKET

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 largest 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.


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