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Elementh is blockchain for e-commerce, which is a list of ownership of goods with the power to write a special smart contract and the use of nomenclature standards to make decentralized and centralized applications for e-commerce as soon as possible. Elementh has absorbed the best achievement of a year more recently in the blockchain, which has the goal of solving the problems of modern e-commerce world.
Elementh is blockchain for e-commerce, which is a list of ownership of goods with the power to write a special smart contract and the use of nomenclature standards to make decentralized and centralized applications for e-commerce as soon as possible.
Elementh has absorbed the best achievement of a year more recently in the blockchain, which has the goal of solving the problems of modern e-commerce world. Elementh is blockchain for e-commerce, which is a list of ownership of goods with the power to write a special smart contract and the use of nomenclature standards to make decentralized and centralized applications for e-commerce as soon as possible.
Sistem of Goods
Along with the token system, Elementh has a system of goods, which can also be used in some large applications, such as searching for the specific movement of goods from its creation to the present, searching for genuine goods and detecting counterfeit goods. . In contrast to the token system, the goods system also provides the power to "remove" specific products at specific addresses, which indicate all possible item data (such as name, manufacturer, barcode, etc.).
If the identical item is already in the blockchain, the publisher will also receive a message about it, and he will also have the opportunity to show you what items want him to "show". When an item has a serial number, you can be sure when the transfer operation is done.
To provide protection for the forging data, only the hash of the serial number is decided in the system, therefore only the person who knows the initial number has the power to conduct a valid transaction. With no serial number when the item "gets out", the system generates it randomly and the holder can use it to identify the specific item by printing the QR code on the packaging, write it in the RFID tag or perhaps with an easy different step.
Nomenclature Unified Goodsmore
One of the most important features of Elementh is the existence of a uniform nomenclature. To make sure that the item 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 also be different.
To create merchandise cards, participants must pay, for example 1 EEE (the price will also be set by selecting a delegate). When the person has given the item to the system, he is offered to use an existing card or create a new one. The use of existing cards is 100 times smaller than the new ones (eg 0, 01 EEE).
The card holder receives the gift for each who owns the goods that wear the card, and to do transactions using this card. Each participant in the system can complete the info on the card, and the cardholder can accept or refuse the suggestion of the change.
Competitors
An immediate competitor of this project is an on-line B2B e-commerce project, such as Indix. In this segment, innovative Elementh projects use Blockchain and can be used by decentralized markets that use crypto for internal payments.
There are also some Blockchain bases for Ecommerce so competitors for Elementh, for example 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 contracts for e-commerce.
We think Elementh has more infrastructure projects and can be used by different markets and bases. Beyond that, the advantages need to be 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 the type of competitors for the Elementh project, because they can be developed without Elementh and in this case they will also work in the same market. This is so necessary for Elementh's team to gain partnership with all of today's decentralized markets that have worked or will also start as soon as possible.
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