Elementh – A block chain for decentralized applications
Elementh is an alternative for the development of decentralized applications which will provide quality in nomenclature, give guarantee in the ownership of products and this platform also has ability to make smart contracts for E-commerce.
Elementh is a system of goods
Elementh has a system of tokens as well as system of goods which is used to track the items from its creation to owner, to track original goods and also used to detect non original goods. This system of goods has the ability to issue a product at specific address which gives the data about the item like bar code, name etc. If any identical information is present in the block chain then issuer receives the message.
Unified nomenclature of goods:
Unified nomenclature is the key feature of elementh which ensures that merchandise cards are accurate and there is no duplication in them. Similarly, cost of creation of the card and its use is also different.
When the user of the system adds any good in the system he or she will be offered to use existing card or can create a new one. If the user uses an existing card, its cost is 100 times less then to create a new card. Rewards are given to the card holders when the cards are used by the owner of goods. Any user of the system can propose changes in the existing card and to accept or reject that proposal is upto the card holder.
The originality of Goods
Buyers are notified if the origin of the good is unknown as the system exists only one item with one serial number, in other words system contains only one copy of an item.Originality of the item is confirmed throughout the network when the ownership chain comesfrom the manufacturer.
Accounts
Elementh also provide account to its users and that account is used as identity of the user in the network and all transaction which are done in the block cahin are made by these accounts. Account of the user has following information:
• Amount of internal currency that is in EEE
• Ownership of goods
Applications of the elementh include:
Decentralized marketplaces: This Elementh block chain based application allows sellers to use the existing cards. Ownership of product with data allows users to get rid of counterfeit products. These merchandise cards also allow users to find the products of low prices. It is also possible to pay in crypto currency by using these cards.
Search of goods by Geo location: Buyer can buy items from most convenient or nearest location because all the information of seller is available in the elementh block chain.
Sending of messages: Users can directly contact with the participants in the transaction by sending them messages. This decentralized sending of messages allows bidding, obtaining individual purchase conditions etc.
Store designer: By this application system allows users to make a decentralized show cases for vendors and for this purpose all necessary data is required to set up a store.
Different verticals: This block chain can be used by any service provider. For example, hotels or airlines system of tickets, track ownership etc.
About Currency:
• Currency of Elementh is EEE
• Total supply: 303 000 000 EEE
• ICO price: 1 EEE = 0.0002 ETH
• ICO start date: 1 April 2018 00:00 UTC
• ICO end date: 30 April 2018 23:59 UTC
WEB: https://elementh.io/
TELEGRAM: https://t.me/elementh_community
TWEETER: https://twitter.com/Ahooleeman
AUTHOR: https://bitcointalk.org/index.php?action=profile;u=1293114![1200x630.jpg]