ELEMENTH - The Future of e-Commerce

Since Bitcoin was created in 2008 by Satoshi Nakamoto, crypto-currencies and blockchain technology have become a part of everyday life. The various limitations of Bitcoin's blockchain resulted in the emergence of a large number of blockchains. One of these that has been standing out was Ethereum, which enables smart contracts to be created in the Turing-complete programming language, EOS, which uses dPoS protocol to increase the throughput of the blockchain technology thousands of times over. Blockchain technology has grown over he years, gaining more people's attention and gradually moving closer to the real sector of the economy, with an ever-growing number of people talking about the potential for blockchain to be used in sectors other than financial, which I would say is becoming a reality.

Blockchain technology has become a part of our everyday life. There are myriad new projects and ideas appearing, among them imaginary models and directions applicable for blockchain. In late 2017, blockchain began to attract many ambitious intellect to the industry.

Blockchain has been widely accepted as a new powerful technology. It is believed to have the potential to change the world in the way that the Internet did. It is believed that the block technology will do to banks what internet did to postal services.

Developments of the blockchain industry can be applied in either financial or non-financial fields. Regarding financial applications, it is obvious that the highest priority is given to compliance, and, at the same time, it is a real challenge to make something totally new. For non-financial applications, there is a range of modes of cooperation, and there is also a powerful drive to move further. It is obvious that there are a number of new solutions based on the blockchain technology which are being developed, but only a few of them have actually been implemented in practice. In this way, it considered a breakthrough when a new project is launched and carried out.

We know that, despite the initial difficulties and challenges, there is always one heroic figure whose persistence and motivation drives them to be the best in their field. To minimize the possibility of failure, Elementh will be shared with potential investors, partners, company customers and associates, since the product is a business that has already been running for five years. Finally, we have developed some well-based ideas and would welcome your participation in the Elementh project.

Elementh mission is to provide all participants of e-commerce market with real-time and historical data on stock inventory and price.It also allows to create decentralized and centralized applications based on the Elementh blockchain.

BLOCKCHAIN AND E-COMMERCE
Blockchain has the potential to completely change the entire economic activity.
The advantageous feature of blockchain are:

1. It can ensure trust in the Web without centralized management.
2. It enables combination of both physical and digital assets, and to send them to the required recipient, without central management.
3. Blockchain reduces marginal operating costs to almost zero.
4. Blockchain provides a scalable business model for all Internet users.
5. With the Blockchain technology, people can conduct business without intermediaries.

Recently, blockchain has played an increasingly significant role in various spheres of our lives, and e-commerce is not an exception. Blockchain projects related to logistics of goods, different payment methods on the Internet and decentralized marketplaces are appearing in great numbers on the markets. These projects have great advantages over the existing traditional businesses, namely: transboundariness, trust-free basis, decentralization, low costs, transaction speed, etc.

E-COMMERCE CHALLENGES
The main goal of e-commerce is to:

1. Simplify the entire process of buying and selling goods and services and
2. To make this process as transparent as possible at a low-cost.

However, the existing technologies do not fully meet these objectives. The important obstacles facing E-commerce system are:

1. Non-transparency of information and the complexity in obtaining it.
2. Lack of a unified standard and Regulation to ensure that same standard of goods and services are rendered at same cost all iver the world.

ELEMENTH SOLUTION
Elementh’s main objectives are:

1. To implement the blockchain technology into e-commerce. Elementh aims to fully utilize the advantages of the technology and make e-commerce as efficient as possible.
2. Step-by-step introduction of the blockchain technology into trade will promote global expansion of Elementh.
3. Elementh allows everyone to access real-time stock inventory and price data of the vendors inside the blockchain.
4. Trust and decentralized nature of the Elementh blockchain gives consumers the opportunity to find the best deal and sellers to conduct business more quickly.

THE FUTURE OF E-COMMERCE
Elementh’s vision is to create a completely transparent, trusted ecosystem for the e-commerce market, which is built on the blockchain principle: self-regulated and easily scalable.

Elementh team sees the future of the e-commerce market as follows:

1. Unified product classification standard used worldwide with unique codes for each product item.
2. Completely transparent system of market transactions.
3. Each participant of the system can completely trust other participants. Value contributed by each participant leaps into a new quality. At that, high-level service rendered by the participants is of greater importance than possession of exclusive information.
4. All market participants make their own contribution to the system development and receive rewards for this contribution.
5. Blockchain technology works not only as a database, but has also becomes the basis of business processes of companies.
6. The whole market is an open transparent database permanently enlarged by an inflow of new participants, with high speed of any transactions inside the system.

Elementh's goal is to create a unified product classification standard and platform that allows for the quick setup and scaling of e-commerce projects. Elementh will achieve this by creating a blockchain with a built-in Turing-complete programming language. It will allow anyone to write smart contracts and decentralized applications. Also, it will enable the usage of unified product cards, e-commerce transactions and transfer of ownership.
To achieve this goal, Elementh will virtually digitize all goods by creating a product card and unique ID for each product.

ELEMENTH RATING
Elementh is well rated by the market experts. This is good deal to ensuring the project do great.

ELEMENTH PARTNERS
With the list of partnership already in the Elementh project, it confirms the dedicated team work with a stand to achieve all set goals.

GOOD ROADMAP
All laid down plans in the roadmap is adequately been followed leaving no stone untouched.

TOKEN
Elementh Token (EEE). Since the Elementh Token is a utility token, it is constantly moving around in the system. More than 70% of tokens (71.78% will be sold via ICO) will belong to the system participants and will continuously move around within the Elementh.

The Elementh Foundation receives EEE tokens as a fee from each transaction in the system. From 75% to 99% of the received fee will be paid by the Elementh Foundation to the masternodes for system maintenance. Up to 25% of the fee will be retained by the Elementh Foundation for daily operations, business promotion and technical development.

THE TEAM
The Elementh Team is made up of 17 members. The three founders, each from a background in e-commerce, have worked together for years have gained a lot of experience in this field. Sergey Ryabov (CEO), Dmitriy Bereznitskiy (CTO), Vitaliy Mengeshev (COO) and the host of others.

CONCLUSION
Elementh concept of using the blockchain technology in solving the challenges in the e-commerce industry is a top-notch concept, which will cause a good paradigm shift in the Cryptoworld and humanity at large.

https://elementh.io
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