Elementh Foundation - Representing Ownership of Goods (& Services)on the Blockchain

A Huge Leap

Elementh is vast in both scope and potential. In scope, (It's not just another coin), it's an e-commerce platform with it's own Turing Complete language for developing DAPPs. With traceability of stock at it's core and a unified nomenclature for products, it's potential is virtually unlimited*. It has an extra appeal for the high end, branded, luxury goods market which is subject to costly and value eroding high level counterfeiting and theft along the supply chain, offering customers a guarantee of provenance and retailers peace of mind, for any and all goods as delivered original and complete from the manufacturer. These valuable and cost effective benefits extend to any and all providers of tickets, coupons or voucher systems. A uniquely identifiable QR code for every occasion.

Elementh is a platform

It's ability to track ownership of virtually anything could rapidly make it synonymous with 100% trusted as global companies and store chains realise it's watertight efficiency in providing blockchain based total stock & service / issue control & supply with unrivalled provenance. E-commerce is one of the industries which will be profoundly disrupted through blockchain improvement. One which will benefit customers, suppliers and everyone else in the chain, as unique records and smart contracts remove errors, reduce delays and guarantee origin from shoes to tickets, bags and coupons and from individual items to whole consignments of gadgets, gizmos, galoshes, golf clubs and Gortex jackets. It's important to note here that the core of the business MIIX database is a well established business with well cemented working business relationships across a wide range of real world clients.

yellow galoshes by swims.com

Unified Nomenclature

For the first time, Elementh allows for all product descriptions (everyone has their own format) to be brought into the realms of science. If we find a new insect, fish or bacteria.. there is a well established nomenclature for the new inclusion. Without going too deep into the nuts and bolts of it, using existing merchandising cards costs 100 times less than creating a new one and anyone in the system can supplement information to pre-existing cards. The originator gets a small reward every time someone else uses their card or uses it for a transaction. It's a neat system. Below is an example of the output for a search for iphone7 256gb red.. as you can see there is no uniform standard.

E-commerce

As a piece of joined up thinking Elementh's proposition to work equally well for really large, small or even embryonic businesses is neat and it's taken a few years research and development to get it to this stage. As a startup, just plugging in your accountancy software with basic information about your stock inventory, you could become an online seller in minutes. The platform has many elements including a store builder. Because the platform uses smart contracts and generates unique identifiers, your Starter business can be instantly utilising state of the art technology which even the largest of retailers are still not yet using, like auto-pay on delivery. The trustless, machine economy just took one step closer to your small business. Incredible really when you consider that until a year or two ago, most people hadn't even heard the term Blockchain. The Blockchain revolution is made of a number of these innovative and useful solutions which can be used straight out of the box and developed with tailored and custom solutions for the biggest companies. It's an almost perfect use case for cost saving, efficiency, accountability and error reduction.

Any Business

e-commerce is the notional launch point but the underlying premise equally applies to many large service businesses who require unique identifiers in the thousands. Entertainment venues, hotel chains, airlines or anyone who issues any kind of voucher (which should only be used once) can take full advantage of Elementh's inbuilt ability to store information and track ownership.

History

MIIIX was established way back in 2012. By 2014 it's number of product categories had reached 1,000. By 2016 there were 30,000 product categories and 1000 shops from different industries from the smallest to the largest e-commerce players. In 2017 the killer move of transtitioning to the blockchain occurred with the introduction of open source project Elementh. A June 2018 Alpha launch date has been set. Along it's development curve the Elementh project (MIIX has finalised in 11 awards including winning IT Startup Eurasia, CloudsNN & Start up of the Year from the Higher School of Economics.

The Team

The team are all from the original MIIIX inception so have a deep working knowledge of the platform, it's aims and it's future potential. Headed up by CEO Sergey Ryabov; internet pioneer who has established many online companies in the past 18 years and is the founder of MIIX.

ICO COMING SOON

PRE SALE

Date: 15.01-14.02
Supply: 22,5M EEE
HardCap: 1,500 ETH

ICO

01.04-30.04
195M EEE
30,000 ETH

FOR MORE INFORMATION

 

Elementh Website
Elementh WhitePaper
Elementh YouTube
Elementh BitcoinTalk Forum
Elementh Medium
Elementh Facebook
Elementh Twitter
Elementh GitHub

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This article is not an endorsement of Elementh. I recommend all potential investors to conduct their own research and due diligence and not solely rely on the advice of others. Remember investments can go up as well as down.

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