HALLO ALL COMMUNITY.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.
Elementh is a blockchain infrastructure designed for the e-commerce market!
Elementh provides all e-commerce market participants with real-time and historical data on stock and pricing inventories. It is also possible to create decentralized and centralized applications based on the Elementh blockchain.
In recent times, blockchain has played a significant role in various spheres of our lives, and e-commerce is not an exception. Blockchain projects related to logistics of goods, different payment methods on the Internet and decentralized marketplaces are appearing in great numbers on the markets. These projects have great advantages over the existing traditional businesses: transboundariness, trust-free bases, decentralization, low costs, transaction speed, etc.
As of today, the main participants of e-commerce are:
- marketplaces.
- online stores.
- suppliers.
- market research companies.
- customers.
- manufacturers.
- distributors.
- payment services.
Elementh Solution
One of Elementh's main objectives is to implement the blockchain technology into e commerce. In setting this kind of objective, Elementh aims to fully utilize the advantages of the technology and make e-commerce as efficient as possible. Step-by-step introduction of the blockchain technology into trade will promote global expansion of Elementh. This combination does not require a drastic change of business processes of the market participants.
We have been actively participating in the e-commerce market since 2007, creating the project Miiix in 2012. Its main goal is to standardize nomenclature in the e-commerce market. For six years, we have been helping online retailers to compare millions of goods from thousands of suppliers. Owing to our algorithms based on the use of machine learning, we can automate hundreds of processes to update real-time stock data suppliers. Indeed, we have changed immensely since 2012 as a result of both cooperation and feedback from several thousands of retailers, marketplaces, distributors and manufacturers from different countries.
Vision of Transparency as the Future of E-Commerce
Elementh's vision is to create a fully transparent, trusted ecosystem for the e-commerce market, which is built on the blockchain principle: self-regulated and easily scalable.
This is how the Elementh team sees the future of the e-commerce market:
- Unified product classification used worldwide with unique codes for each product item.
- Completely transparent system of market transactions.
- Each participant of the system can completely trust other participants. Value contributed by each participant leaps into a new quality. At that, high-level service rendered by the participants is of greater importance than possession of exclusive information.
- All market participants make their contribution to the system development and receive rewards for this contribution.
- Blockchain technology works not only as a database, it also becomes the basis of business processes of companies.
- The whole market is an open transparent database permanently enlarged by an inflow of new participants, with high speeds of any transactions inside the system.
Market participants:
- Enterprises and SMB e-commerce companies. They use the unified product classification standard for business, provide services and products for end users and other companies in the system.
- Service providers. Enterprise and SMB companies are engaged in market service. It includes companies engaged in accounting, law firms facilitating major transactions. Development companies creating interfaces for interaction of retail firms and Elementh blockchain, as well as smart contracts for the interaction of all system participants. It also includes logistics companies performing physical delivery of goods between all participants of the system.
- Elementh masternodes. Companies operating the Elementh blockchain and maintaining the required number of nodes for the security of the entire system.
- End-user. Any end user of the system can increase system node trust upon actual interaction with all of the participants. Users can also receive rewards for teaching matching algorithms and creating new product cards.
- Elementh Foundation. It is responsible for development of the blockchain network, R & D, development and complete technical assistance of the system. At the initial stage, the foundation is involved in establishing a permanent connection to new system participants, maintenance of nodes and writing of smart contracts for the system participants, as well as required development of interfaces for interaction between all of the system participants.
Technical Structure.
The entire Elementh structure can be represented by the following scheme:
ROADMAP
We know exactly how to get to the Moon, and we want to take along as many travelers as possible.
2012
MIIIX company establishment
2012
Investments from RSV Venture Partners and business angels
2014
Number of product categories is 1000
2016
In the MIIIX database there are 70 mln SKUs in 30,000 product categories, 1000 shops from different industries, clients from small shops to the largest portals in the field of e-commerce (Sberbank AST)
2017
The transition to the blockchain technology with the introduction of opensource project Elementh
January 2018
Pre-SALE (15.01 - 31.01)
Only whitelist;
Min. 10ETH or 1BTC;
Max. 100 purchasers.
February 2018
Pre-ICO (01.02 - 14.02)
1EEE = 0.0001ETH;
Min. 1ETH or 0.1BTC;
Max. 1000 purchasers.
March 2018
Pre-FUND (15.02 - 31.03)
1EEE = 0.0002ETH;
Pre-Fund BONUS: 30%
April 2018
ICO (01.04 - 30.04)
1EEE = 0.0002ETH;
First day BONUS: 30%;
Second day BONUS: 15%
June 2018
Blockchain Base Layer (Alpha)
EAS, ESCS (g), EIPC, EESN
August 2018
Blockchain Abstract Layer (v_0.1)
ESCS (u), EOTS, ESNS, EPS
October 2018
Blockchain Abstract Layer (v_0.2)
ESNS, EANS, EPCM, ESS (Test Net)
December 2018
Wallets and Blockchain explorer (Release)
February 2019
FIRE
March 2019
Master Nodes
March 2019
DAPPs
MORE INFORMATION :
WEBSITE :https://elementh.io/
TWITTER :https://twitter.com/Ahooleeman
AUTHOR : ALEX789
EYH ;0x5f5f506A001A179b8eE67214a7754Bfe04ffadE0
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