(IJCH) "Amazon and Alibaba Style Capabilities, Without the Headaches!" - The Elementh ICO: Disrupting, Disintermediating and Decentralizing the Multi-Billion Dollar e-Commerce Space (Think Amazon on Steroids or Alibaba 2.0!)
![Elementh Logo.png](https://steemitimages.com/DQmVxmsq2rKBRgwGK5ZHNAa1TX6RUzeVRQMtwDHFmsvCSTL/Elementh%20Logo.png)
(Base Sources for images within this article are from the Elementh website: https://elementh.io/#features)
(IJCH) "Amazon and Alibaba Style Capabilities, Without the Headaches!" - The Elementh ICO: Disrupting, Disintermediating and Decentralizing the Multi-Billion Dollar e-Commerce Space (Think Amazon on Steroids or Alibaba 2.0!)
IJCH - Inside JaiChai's Head (meaning: My warped, personal opinions and musings)
From the Author
Salutations.
I am JaiChai.
And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.
"Out of Stock" Again!
![tenor.gif](https://steemitimages.com/0x0/https://steemitimages.com/DQmS2Ar8ZZvo5nhs8D33JdnPifYaN1SLzKf4SHEHXPvTHCR/tenor.gif)
Living in Asia, I hear the phrase "Out of Stock" much too often at stores.
It's really frustrating when the supermarket runs out of my favorite items. More often than not, they also have no clue when the next shipment will arrive to replenish the shelves.
Even worse is when an item is discontinued without any warning or notice posted!
This leads to "panic" or "stocking up for the winter" style shopping; that is, if a favorite item is available, a shopper buys as much as he can before someone else comes along and makes it scarce - again.
Elementh understands these frustrations, as well as the challenges that face all businesses operating in the current legacy, brick and mortar, and online merchandising industries.
Elementh - Finger on the Pulse of e-Commerce
![elementh pulse.gif](https://steemitimages.com/DQmdWURVBjMFMW93SrT2gYXLHhAAAGj77U7oNoSzsTQW2Yr/elementh%20pulse.gif)
Being very much aware of the latest aspects of the e-Commerce industry, Elementh has their finger on the pulse of this multi-billion dollar space.
e-Commerce - A Multi-Billion Dollar Market
Elementh -A revolutionary, decentralized, transparent and highly efficient solution for all the inherent problems of the present, expensive and grossly inefficient e-Commerce ecosystem
Elementh's Mission Statement
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.
(https://elementh.io/#features)
Elementh DApps (Animated Image)
![DApps animated.gif](https://steemitimages.com/DQmQHSF7EkLQ1icE2pnNQVuy4pjWuecCrrE2ioWdVo9E9cD/DApps%20animated.gif)
Revamping the Whole Process for Everyone
From cradle to grave, the Elementh platform aims to make the whole online storefront, manufacturing, supply channel, inventory, distribution, buyer/seller rating, etc. an easy, convenient, streamlined and pleasant experience for all stakeholders.
Here's a good, 13 minute video about Elementh:
Elementh's System of Goods
Using modern AI and RFID, Elementh's System of Goods handles realtime tracking, detailed product descriptions within a Unified Nomenclature framework, multiple listings of like items, anit-counterfeiting, "owner/issuer" validations, and payment settlements.
ELEMENTH ENABLES ANYONE TO PAY WITH ANY CRYPTOCURRENCY!
Use Case - Small Store Owner
Jack, the owner of a store tries his hand at selling his wares (shoes) online for the first time and uses Elementh.
Creating the storefront is simple and takes only a few minutes to complete.
He marries up his inventory with the fine merchandise cards that have a detailed description of his products.
Soon, a customer spots Jack's store online and sees the boots he wanted.
The Customer's funds are incorporated into a smart contract, which makes the order authentic.
After product delivery and receipt by the customer, the payment is immediately transferred via the smart contract into Jack's account.
No more waiting for any legacy payment system to clear the funds for payment settlement.
Note: Since all items in the Elementh ecosystem have unique merchandise cards, true ownership is continually validated and counterfeiting is effectively prevented, virtually non-existent.
The Elementh Team - A Breadth of Knowledge, Top Notch Expertise (Animated Image)
![team animated.gif](https://steemitimages.com/DQme6NJw3pH6nCbmyz16peSC9pmFjcxSmBUSjWJ5ebvmxFP/team%20animated.gif)
Advisory Group
Awards and Recognition
The Elementh ICO
Roadmap (Animated Image)
![roadmap animated.gif](https://steemitimages.com/DQmQAPUW1LsNAtsWaGjTRdjcw3AEuW89MoPiYG95U7sKRLV/roadmap%20animated.gif)
Meet and Greet
Industry Rating
Conclusion: Elementh - Not Like the Other Players
![Fast_Flight.jpg](https://steemitimages.com/640x0/https://steemitimages.com/DQmdUd8EeH1wG167VNvhxZVDtTitxt13A2iFZWvqNNDbtXS/Fast_Flight.jpg)
The Elementh project is a decentralized marketplace where all stakeholders in the space (including secondary market sectors) enjoy a host of excellent benefits and advanced options.
Cryptocurrencies can be used for payments.
Unlike their competition (e.g., VeChain, INS Ecosystem, Connectius, Flipz, StopTheFakes etc.), Elementh is not merely a niche DApp, but a full blown platform that addresses the whole e-Commerce ecosystem.
When you think of Elementh, imagine "Amazon and Alibaba Style Capabilities, Without the Headaches!", "Amazon on Steroids", or even "Alibaba 2.0!"
The Elementh white paper can be found here:
https://github.com/ElementhFoundation/Documentation
Get more details about Elementh at their website:
By JaiChai
Thanks for stopping by.
![600800.jpg](https://steemitimages.com/DQmZ653us9mMijDZsN7zev3M8MzGhByinRhidv3eGspiXmA/600800.jpg)
About the Author
Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.
After 24 years of active duty, he retired in Asia.
Since then, he's been a full-time, single father and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).
He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.
![400.jpg](https://steemitimages.com/640x0/https://steemitimages.com/DQmQLza7xGLGXhf5VyNhgfrGgosrJWMVsnnA8FWEBgoJKvi/400.jpg)
If you enjoyed my post, kindly: Upvote, Follow, Comment and Resteem.
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"I appreciate all your support."
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This is an entry for @ originalworks' "140 STEEM + 35 Bonuses ~ Sponsored Writing Contest: Elementh"
If you would like to submit your own entry, go to:
Basically this is the better version of syscoin + Google (for product searching) The first 2 of the team (CEO+CTO) had an unsuccessful ICO (which I was cheering to succeed) and at the time it was basically Google specialized for online shopping. Now the team has made everything hell a lot better.
PS: it was http://ahoolee.io and Elementh is just few notches higher. This is a great opportunity. This one is going to be the EOS of online retail.
This post is sponsored by @appreciator in collaboration with #steemitbloggers. Keep up the good work
Thank you very much @appreciator!
Submitted.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by JaiChai from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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Thanks for the informative post. Don't know that there is this cryptocurrency for e-commerce. 🙂
@wyp,
Thanks for visiting and commenting.
Namaste
JaiChai
Awesome!
I'm not sure if this was the one that I read about, but I read about something similar to this.
I hope it succeeds at being adopted by the masses because we could really use it. While many of the issues you talked about could be solved with just standard systems, if they actually worked on them, it would be awesome if there was a singular system for them all.
I would also like a competitor to Amazon and eBay that accepts cryptocurrency. Overstock.com does, but they're severely limited in what they offer.
@geekpowered,
Thanks a lot for visiting and commenting.
And your right. Overstock is rather limited (especially things like SBC's or quality internal computer components).
Namaste,
JaiChai
I ironically was just looking for an electronics components store the other day that accepts crypto. I'm pretty sure I've seen that some do, but didn't really find any while searching.
Amusing, creative, yet you pack a big punch. You do you quite well. Good one man.
@originalworks
@steem-untalented
#untalented