What is Elementh?

It is an e-commerce ecosystem based on blockchain, where you can create various decentralized and centralized applications.
It can be invaluable for small, medium and big businesses involved in manufacturing or selling. However, private sellers, who are currently using services, such as eBay or Amazon can find Elementh really useful too.

Elementh's System of Goods

Elementh has system of goods, which can be used in a large number of different applications. One of many examples will be a parcel tracking app. System allows sellers to issue unique identifiers which are renforced by blockchain (Unforgeable) . Identifiers can be printed out in QR code or RFID tag or any other conveinient way. Whenever another item with the same identifier is added to the system, Dapp can notify the buyer, but it still possilbe to replace the physical item, which is being sent to the buyer (Register 1st item and sent 2nd items with 1st item's identifier) . You still need to trust the seller, however thanks to blockchain and history of transactions, "Good sellers" can be tracked easily, so as "Fraudsters".

RoadMap

2012 - Founded MIIIX and received investments from RSV Venture Partners
2016 - MIIIX database is growing. New big client Sberbank AST
2017 - Transition to blockchain technology
2018/01 - Private Pre-SALE
2018/02 - Pre-ICO
2018/03 - ICO
2018/06 - Alpha-version of Elementh blockchain
2018/09 - Elementh blockchain TestNet
2018/12 - Launch of Elementh blockchain
2019/03 - Launch of first Dapp

Developers team has gathered a few awards during this years and ICO review sites gave them high scores.

Quick Summary and my personal thoughts:

As we can see it is a wonderful idea, which can empower many people, however Elementh lacks proof of concept. Alpha-version of Elementh blockchain is not ready yet and they are only planning to launch it in the end of 2018. For such complicated project it is a fair goal, but they might encounter problems on the way and it may take longer. In FAQ section of the site they claim to be non-profit organization and promote their referral program "We'll have bounty and referral programs after Pre-ICO stage. Actually we can pay referral fee if you have good channels or direct investors."
Domain registration/expiration dates for "elementh.io", doesn't look encouraging.

Site is hosted on www.nic.ru, a mediocre Russian hosting service provider. Although, it doesn't mean anything, in my experience serious projects purchase domain for at least 2 years and even scam ICOs, which are trying to look legitimate are purchasing domains for 5+ years.
In my opinion, it is still a great idea and it is up to the developers to bring it to life.

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