hlw guys, I am glad to introduce another great project, ELEMENTH ICO. Elementh is a complete ecosystem, with it's own programming language, that allows retailers to build applications that track their products as well as purchase goods via the power of smart contracts. This is not just an ecommerce platform. 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.
How to Elementh Change E Commerce:
Since each individual product has it's own unique ID and data, the benefits of blockchain technology apply to all products on the platform. This can prevent issues such as counterfeits, which are rampant in the brand-name industry, with stores selling fakes that even they themselves might not be aware of. With the Elementh system of goods, even if the retailer is purchasing from a reseller, they can check the unique ID to ensure the originality of the item along with the full path made by the product from manufacturer to reseller and finally to the retailer.
Since distributors and stores are making transactions through the smart contracts, risks of missed orders or charges for items that never arrived are significantly reduced, saving time and money. So the Benefit Is huge and its changes E comers.
Features :
Along with the system of tokens, Elementh has a system of goods, which can also be used in a large number of applications, such as tracking the movement of a particular item from its creation to the current owner, tracking original goods and detecting counterfeit goods. Unlike the system of tokens, the system of goods also provides for the ability to "issue" a particular product at a particular address, indicating all possible item's data (such as name, manufacturer, bar code, etc.). And if identical goods are already present in the blockchain, the issuer will receive a message about it, and he will have the opportunity to indicate how many items of goods he wants to "issue". If an item has a serial number, it is possible to specify it when the transfer operation is being performed. To provide protection against data forging, only the hash of the serial number is fixed in the system, therefore only the person who knows the initial number has the ability to make a valid transaction. In the absence of a serial number at the moment of "issuing" goods, the system generates it randomly and the holder is able to use it to identify a particular item of goods by printing out the QR code on the package, writing it in an RFID tag or in any other convenient way.
Customer perspectivemore
Steve has long been using applications for finding the lowest price for the product he needs. Today he decided that it was time to order new shoes and just in a few minutes he found the couple he needed in Jack's store and placed the order, sending money to the smart contract. Steve has not been afraid to make purchases online and send money to unknown sellers for a long time. If Steve does not receive the goods, he will simply indicate it in a smart contract and the money will return to him. This time his order was processed almost instantly and the courier arrived an hour later. Making sure that the shoes are of the right quality Steve completed the smart contract and the money went to Jack while Steve became the owner of a new pair of shoes. He can easily sell this pair of shoes in the secondary market as soon as he gets bored with them because Elementh network knows that he has authentic items not counterfeit ones. Just in two clicks he will be able to put them up for sale.
DAPPS
1
Decentralized marketplaces based on Elementhmore
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. Unified merchandise cards will allow you to easily find the lowest price for any products. At the same time, it becomes possible to pay using any crypto currency.
2
Tracking the movement of goodsmore
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 geolocationmore
Seller information available in the Elementh blockchain allows you to find the most convenient places of purchase for any item.
4
Decentralized sending of messagesmore
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 designermore
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.
6
Fakes searchmore
Data on all participants of the chain will allow to track the appearance of counterfeit products at any stage of the transfer of ownership of goods.
7
Banking scoringmore
Access to data on all transactions of any participant of the system will allow instantaneous scoring of the seller, which makes it possible to build credit and overdraft systems by the banking institutions.
8
Different verticalsmore
Elementh blockchain can be used by any service provider, for example, hotels or airlines with ticket, coupon or voucher entity to store information and track ownership.
MISSION:
Elementh's goal is to create an alternative protocol for the development of decentralized applications used by e-commerce, providing a standard quality nomenclature, guaranteeing ownership of a particular product and the ability to create specialized smart contracts for e-commerce. Elementh will achieve this by creating a blockchain with a built-in Turing-complete programming language, allowing everyone to write smart contracts and decentralized applications, enabling the use of unified product cards, e-commerce transactions and the transfer of ownership.
More Information And Resources:
Elementh Website: https://click.elementh.io/go/12811
Elementh WhitePaper: https://github.com/ElementhFoundation/Documentation/blob/master/ElementhWhitepaperEN.md
Elementh YouTube: https://www.youtube.com/channel/UCNoPrTYvQvu31ISDeUhxS3Q
Elementh BitcoinTalk Forum: https://bitcointalk.org/index.php?topic=2590603
Elementh Medium: https://medium.com/@sergeyryabov_676
Elementh Facebook: https://www.facebook.com/Elementh-1371154296341075/
Elementh Twitter: https://twitter.com/Ahooleeman
Elementh GitHub: https://github.com/ElementhFoundation
" To write this Article i take help Elementh Website, Twiteer And BitcoinTalk"
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