Have you known a new ecommerce platform has bring a new era to the industry? This is about it. Elementh is a blockchain for e-commerce, which is a register of ownership of goods with the ability to write specialized smart contracts and use of the nomenclature standard to quickly create various decentralized and centralized applications for e-commerce. Elementh has absorbed the best achievements of recent years in the field of blockchain, aiming at solving the problems of the modern world of e-commerce. Elementh is a blockchain for e-commerce, which is a register of ownership of goods with the ability to write specialized smart contracts and use of the nomenclature standard to quickly create various decentralized and centralized applications for e-commerce. 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.
The Token
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. 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. With the developing technology, internet usage rates have also increased. Especially young people are more interested in mobile phones, computers and tablets, and more interested in online shopping. For this reason, e-commerce companies are becoming more common. In all countries e-commerce is a market with a very rapid growth potential and the declining popularity of decentralized markets is increasing day by day. When the location is crypto money, it is not possible to come across digital money in different projects in different sectors every passing day. For this reason, I would like to give you information about ELEMENTH, a platform that facilitates e-commerce for you today. We recommend that you visit the web site of them for detailed information before sharing general information with you .
Elementh(EEE)-The Introduction
Give the shortest and most descriptive definition, it is the platform that aims to solve the problems that may be experienced in e-commerce based on block chain technology. Elementh is the name of a blockchain company that provides intelligent solutions for the e-commerce system. In 2016, global e-commerce sales in the market amounted to $ 19.15 billion. These sales are aimed at $ 4,058 trillion. The goal of the Elementh platform is to create intelligent solutions for ecommerce, guaranteeing the ownership of a particular product (goods) by developing decentralized applications used by ecommerce using block chain technology. Elementh is a system that facilitates a wider range of solutions, starting with the design and development phase of any product, tracking the movements to the current owner at the same time, tracking the original (patented) products, and detecting duplicate (fake) merchandise. Elementh system; Using the intelligent contracts to hold a Blockchain record for the ownership of the goods at the same time, the goods system provides the possibility to broadcast a specific product which has a certain product showing the data (name, manufacturer, date, product information, barcode etc.) of any product.
If the block has the same products in the chain, the issuer receives messages via this system so that he can show how many products he wants to publish. if a serial number of a product exists, it can be specified in the transfer process. In order to protect against any data security, only the serial number in the system is fixed, but who knows only the first number against possible risks has the right to take action. When there is no serial number during publication of the products, the system facilitates the identification of the products by producing a random serial number and the manufacturer pressing the QR code on the package. If there is another copy in the system and there is another copy of the same serial number, the buyer is informed that the origin of the goods is not known.
Elementh(EEE)-The Brief
If we explain this with an example; Ali, the founder of a new trading house, explains the possibilities offered by the Elementh block chain as follows. Ali has not sold anything on the internet before and has not dared to do it because it is complicated. After learning about the new opportunities offered by Elementh, she decided to sell her products using special applications to sellers over the internet. First, it started by opening a store (e-commerce) site. Building a store has become quite simple and easy thanks to ELEMENTH. Ali, who connects the necessary accounting program to the platform, succeeded in recognizing the stock equity and connected the product properties and product information cards to the Elementh system completely and exactly. He stated that the information about Ali's goods was immediately transferred to the information of all the members of the Elementh platform. Having seen Alinin products on the internet, Parent ordered immediately after reviewing the product he needed. The Elementh Platform has sent a message that he wants to buy Ali and Velinin products. The fee that the customer will pay for the product is based on a smart contract. Ali products that prepare the product to be delivered to the Parent are transferred to the account of Ali who has received the product and the cost of the product. The system is that simple and easy.“Seeing What Others Dont” is a name of a book that inspires me to share the analytical skill that I have learned so much from my crypto community after we participated in more than 50 ICOs and anlyzing more than 80 ICOs in the crypto space — Hunting “under the radar” ICO is what I do. The good thing of having under the radar ICO is the opportunity to invest more fund than other very popular ICOs. Over crowded ICOs usually end up in giving very small individual investment capacity (Around 0.5 — 1 ETH), but with the less crowded ICO, we could invest in the amount that we could give us significant investment return. Before jumping into the concept analysis of elementh, we should ask ourself this question..
Now Its ICO Time
The recent crashes in the middle of January and continued in the beginning of Ferbuary have created trauma to some investors who just recently join the crypto world. However, the more experienced crypto investors have seen it coming and feel that it’s a normal situation because they have experienced 3–4 crashes in 2017 until now. I was staying calm during the last crash and monitoring their impact to ICO return performance. The result is a good news for ICO hunters. Amazing return they have for us! The graph from ICO Drops clearly shows us that ICO peformance is not significantly dragged down by the recent crash. But if we compare the return of ICO that listed in exchange at the Bullish Market in December 2017, the current ICO still has lower return. Thus, timing is still important to maximize our investment, which brought me to research further for the timing recovery prediction and found out this. “Just a sentiment interpretation reveals that Bitcoin might be heading towards a $6000 or lower territory after which a strong rebound is expected when big money starts flowing in.” The article which is written in 3rd February has forecasted the crash in 6th February. It brought bitcoin price slumped to less than $6000 but bounced really hard to $11,000 on 20th February. I also found a technical view that succesfully predicted the market movement from 7th — 20th February.
The technical analysis predicts that market recovery happens on March. The recovery will create either sideways trend or uptrend. However looking at recovery of a market crash in September 2017, it took around two months to break market all time high (ATH) record. By this, we predict between March — April 2018 period, cryptocurrency market will start it’s the bullish trend and have the potential to break new ATH record. That period is the best time to invest in ICOs which will be listed in an exchange in Q2 of 2018 to maximize return from the optimistic market mood, and Elementh is listed in this period.
Unlike most other ICO who sells concept or idea to raise fund, elementh is a project of miiix.org. Miiix is one of the biggest E-Commerce in Russia with around 40 million existing Stock Keeping Unit (SKU). Miiix’s two biggest clients are Sberbank-AST and Ulmart. These two clients give elementh broader access to reach out almost the whole Russia’s E-Commerce market and potentially access to European electronic market place from Sberbank-AST’s connection.We also have the confirmation from the CEO that elementh project is transformation of miiix.org into blockchain. This means elementh has existing multi million E-Commerce business and it’s going to utilize the ICO and blockchain technology to grow rapidly, not to mention its partnership with SAP Hybrid as one of their outstanding strategies to bring the project to another level by having access to SAP’s customers worldwide. Considering this, elementh is already safer and more advance than many other ICOs which sells concept or idea without actual business product.
Perfect Utilization of Blockchain Technology for E-commerce Industry
We know it,blockchain is a great innovation build on top of internet which solves centralized system’s issue by having decentralized system. Elementh is creating its own blockchain infrastructure that spesifically designed for E-Commerce Companies to maximize the benefits of decentralized blockchain technology. The implementation of elementhblockchainplarform could be various, it depends on how well the applications are designed. Here are e-commerce benefits that could be gotten from elementh. When someone see’s your goods online and wants to make a purchase it instantly sends a notification to the seller. The customers money is instantly sent to a smart contract. Once the seller can see the funds are secure in the smart contract the seller will then set up delivery instructions & the delivery will be made.
Once the delivery is successful the Smart Contract will transfer the funds into the sellers account immediately & automatically. No waiting period at all. Now the seller can set re invest in a new product &doesn’t have to wait for funds. Now lets say you wanted to sell a Expensive name brand item that has a lot of copycats/fakes like Gucci Belts. You set up a buy order from Gucci (the Legit company) & Gucci immediately sets up the dispatch. Now you have a transaction from a Authentic Gucci company. When you get the item and Re-sell it on the market people will be able to track the item back to the original manufacturer confirming that your items are Authentic. Now lets say someone bought your Authentic Gucci belts online and kept them for 6 months and got bored of them and wanted to sell, in 2 clicks you could do that because the Elementh Platform would recognize that you bought them from an authentic Gucci source. Elementh will allow just the average person to buy directly from the manufacturer cutting all the middle men out making the product a lot cheaper than retail prices.
Official Links for More Details
Website link- https://elementh.io/
Telegram group link- https://t.me/elementh_community
Twitter link- https://twitter.com/Ahooleeman
Facebook link- https://www.facebook.com/Elementh-1371154296341075/
Website link- https://elementh.io/
Telegram group link- https://t.me/elementh_community
Twitter link- https://twitter.com/Ahooleeman
Facebook link- https://www.facebook.com/Elementh-1371154296341075/
My
Bitcointalk account link- https://bitcointalk.org/index.php?action=profile;u=1503142
Username- kalindu
Bitcointalk account link- https://bitcointalk.org/index.php?action=profile;u=1503142
Username- kalindu
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