This is 2018, and if you show me a business that lacks online presence of any form, then I'll show you a business that's most likely to fail.
Did you say why? That's because ever since the advent of e-commerce, economies of many nations across the World have seen the sector slowly rise to the point of being an integral part of it. Whether it's a small or large business, e-commerce has been an important tool, not only as a means of selling to customers, but also to get feedback to improve the quality of service provided.
To aid this, the popularity and relative cheapness of smart phones have contributed effectively.
Source
An important reason why an online publication stated that;
Mobile devices are playing an increasing role in the mix of e-commerce, this is also commonly called mobile commerce, or m-commerce. In 2014, one estimate saw purchases made on mobile devices making up 25% of the market by 2017.
Not without it's challenges though as customers have fallen into the trap of purchasing fake items; being unable to track the movement of the goods, despite the fact that their money has reached the seller's account; and then having to buy items from a far away supplier, just because there is no means of locating ones close-by. Tough challenges for one to think of you'll agree right?
Even more beneficial to the world in recent times has been the acceptance of blockchain technology, which are lists of records secured by cryptography. It has widely been applied in different divisions, including copyright authentication and smart contracts. With Banks, Government of Nations, Non-profit organizations, Financial bodies etc., coming aboard this technology, you'll have to agree that the future has begun, and in no distant time, even the average coffee seller in the suburbs of Mogadishu, the capital city of Somalia, would adopt this technology.
### **A TRIP TO THE FUTURE**
It's mid-year 2021 and Alex sits comfortably in his living room. Apart from his day job as a sales man with an insurance firm, he doubles as a successful retail seller who deals in electric appliances. All had not been rosy at the inception of his business as he struggled to make sales from his confined space, and more often than not, he was embroiled in controversies of purchasing fake items. Well, that was before he met Elementh three years ago.
He's all set to make an order from the manufacturer with his Mobile App, since his laptop wasn't at his disposal. He logs onto the Elementh platform, searches through a comprehensive list of manufacturers and selects the goods he wants. Having full control of his inventory all managed on the blockchain, he knows the exact order to make, without unnecessary paperwork; based on the proximity to the supplier, he knows exactly when the products would arrive, and he needs not worry about logistics inefficiencies, valuable time saved.
Since all goods on the platform possesses unique ID, he quickly authenticates the genuineness of his order; the fact that his goods are genuine endeared him to his customers, and this has built a good sales relationship. Satisfied, he transfers the money which is immediately converted into smart contract, and doesn't hit the supplier's account until the agreement has been met. Should there be any delay in arrival of his wares, he can at any point track the movement trail and history. Should the manufacturer default, the money in form of smart contract is reversed swiftly.
Alex is a happy man, because his online presence has significantly improved his sales, coupled with the maximum ease Elementh platform provides to him, and the incorporation of blockchain; to Alex, it was the complete package. He can resell his goods to customers nearby and he never has to deal with close to expired products.
Say hello to Sam, He is an applications developer dedicated to making an impact in the sector. Over the years, he had worked with the best hands to come up with mind-blowing apps to rock the world of online business, however, for some reason, he didn't get the recognition he needed. He needed a platform to exhibit what he could do, stay relevant and add value to people. This was his story, until he stumbled upon the complete package,
Elementh.
With the powerful tools the platform affords to him, Sam can use the in-built programming languages and build DAPPs. He keeps abreast with current trends and trails potential companies that are willing to expand their businesses; this makes him relevant at all times and a plus for him. The tools on the platform allows him to use:
- Decentralized marketplaces
- Product Tracking
- Seller/Buyer Scoring
- Finding the Lowest Prices
- Product Availability
- Product Locations
- Fakes search
Sam is open to new opportunities, however until they arrive, he holds on tightly to his Elementh.
Customers have benefited from the advancements in e-commerce as there is a more stable seller-buyer relationship. A consumer can buy, knowing fully well that fakes are eliminated and quality restored. To make it more interesting, one buys with confidence, pays, and isn't scared of losing on both sides because the money doesn't reach the seller until the goods have been delivered.
Businesses have benefited from the innovations of Elementh and can take their goods online in very simple steps. The fact that they are already registered on the platform makes it even cheaper to advertise new stock, in earnest, for a token. The advantages of being on the platform include clear visibility, security, goods insurance, token maximization, impeccable relationship, amongst others.
BACK TO NOW
What is Elementh?
Elementh is a blockchain designed for the e-commerce sector. It represents a register of "ownership of goods"which has ability to write specialized smart contracts and use the nomenclature standard to create decentralized and centralized apps.
With a complete system that has its own programming language, it's use is not just limited to e-commerce, rather It is an entire infrastructure with a turing-complete programming language that can be accessed by small and large businesses to optimize their operations, such as logistic, tracking the movements of goods, product data quality, authenticity checking, store design tools, etc.
With a team of experts who have been around for years, won several recognitions and awards, and a smooth transition from a smaller pre-company, there is every believe that the future of this industry is in safe hands.
The future of blockchain and e-commerce partnership is upon us, only one element can move it forward...Say hello to ELEMENTH!
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Welcome to the Future!!
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