ELEMENTH – is a blockchain designed for the e-commerce sector. This is a list of “ownership of goods “, which has the ability to write a special smart contracts and use the standard nomenclature for immediately creating a centralized and decentralized applications.
FEATURES OF ELEMENTH
Unified Nomenclature Of Goods
One of the main feature of Elementh is the availability of a uniform nomenclature. To ensure that the goods are as accurate as card and as accurate as possible, and to reduce the possibility of making a duplicate card, the cost of manufacture and use of the card will be different. To make merchandise card, the participant shall pay, for example 1 EEE (price will be determined by choosing the delegates). At the time the owner adds items into the system, he was offered to use the existing card, or create a new one. The use of an existing card price is 100 times smaller than on the creation of new ones (for example, 0.01 EEE). Cardholders receive a gift for every owner of goods that use the cards, and also to conduct transactions using this card. Each participant in the system can complete the information in the card,
The originality of the goods
Items in the system exist in one copy and if the goods with the same serial number is added to the system, any dApp can tell buyers that the origin of the goods is unknown. If the chain of ownership comes from manufacturers, confirm the authenticity of the goods will be carried out across the network.
The goal of Elementh is to create an alternative Protocol for decentralized application development used by e-commerce, providing nomenclature standard quality, guarantee the ownership of certain products and the ability to make smart contracts specifically for e-commerce. Elementh will achieve this by creating a blockchain with a Turing-complete programming language built-in, allows anyone to write applications and intelligent decentralized contracts, allows the use of integrated products, card transactions e-commerce and the transfer of ownership.
Blockchain who will be using the software Elementh will be provided with a new token from the manufacturer a block every time the unit is created. Elementh software can be configured in such a way as to ensure that the manufacturer payment block restricted so that the amount of the annual increase in the number of token does not exceed 5%.
Token systems can be used in a large number of applications. Token systems are easy to implement in block Elementh. In order to better understand the system token, you can imagine a database with only one operation: take X units of A and transfer to B, with the following conditions, 1) A has at least X units before the transaction is made. and 2) the transaction is confirmed by a. what needs to be done in implementing this system is an intelligent application of the contract with the logic above.
Elementh Blockchain can be used by online stores and markets in the world for a standard nomenclature system for their goods. E-commerce is a thriving market in all countries and the popularity of decentralized markets was a gain for the Elementh Foundation. If we are going to partner with all new markets, blockchain we can become the standard in e-commerce market.
THE ROAD MAP
2012-the founding of the company MIIIX
2012-investment from business partners, RSV and business person
2014 – the number of product categories is 1000
2016-MIIIX in the database there are 70 million SKUS in 30,000 product categories, 1000 stores from a variety of industries, clients from small shops to the largest portal in the field of e-commerce (Sberbank AST)
2017-transition to blockchain technology with the introduction of the opensource project Elementh
01/2018-Pre-SALE (15.01-31.01) only the white list; min. 10ETH or 1BTC; Max. 100 buyer;
02/2018-Pre-ICO (01.02-14.02) min. 1ETH or 0.1 BTC; Max. 1000 buyer; 1EEE = 0.0001 ETH; White list: first day BONUS: 30%, second day: 15%
03/2018-ICO (01.03-31.03) 1EEE = 0.0002 ETH; White list: first day BONUS: 30%, second day: 15%
06/2018-Alpha-Elementh version blockchain
09/2018-Element blockchain testNet
12/2018-launch blockade Elementh
03/2019-launch of first DAPP
DETAIL IFORMATION :
Website : https://elementh.io
Whitepaper : https://github.com/ElementhFoundation/Documentation/blob/master/ElementhWhitepaperEN.md
ANN : https://bitcointalk.org/index.php?topic=2590603.0;all
Twitter : https://twitter.com/Ahooleeman
Telegran : https://t.me/elementh_community
My Ethereum Address: