Elementh: the future of e-commerce
Often times we want to do some shopping online but are scared of being scammed, purchasing substandard products, not getting our products on time etc. If you have been a victim of the aforementioned or you are just too scared of shopping online? Then, you need not to worry because Elementh get you covered.
WHAT IS ELEMENTH?
"Elementh is a blockchain for e-commerce, which is a register of ownership of goods with the ability to write specialized smart contracts and use the nomenclature standard to quickly create various decentralized and centralized applications for e-commerce".
The world of e-commerce is evolving and use of blockchain technology in e-commerce could be revolutionary and that's where Elementh comes in; to be a major player and a driving force in e-commerce industry.
"Elementh's goal is to create an alternative protocol for the development of decentralized application used for e-commerce, providing a standard quality nomenclature, guaranteeing ownership of a particular product and the ability to create specialized smart contracts for e-commerce".
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Elementh blockchain has it's own built-in currency, Elementh (EEE), which is used for performing transactions inside the Elementh blockchain.
BENEFITS OF ELEMENTH TO ONLINE BUSINESSES.
The benefits of elementh to businesses online is enormous:
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- SAVES MONEY AND TIME:
With Elementh, a business could be designed and set up online from the comfort of ones home within few minutes. - CHECK-MATTING COUNTERFEITS:
It helps to prevent counterfeit and fake products by having a unique ID and data. Whoever that wants to buy a product can always look out for the unique ID to determine the originality of a product before purchase. - PRODUCT TRACKING:
By having a unique ID and data, the full path of a product could easily be tracked from a producer-distributor-seller-buyer. - SEARCHING OF GOODS BY GEOLOCATION:
The seller information that is available in the Elementh blockchain allows a buyer to find the most convenient places of purchase for any item.
-DECENTRALIZED SENDING OF MESSAGES:
The Elementh platform makes it possible for the establishment of contact among any member that is involved in a transaction, be it the producer, distributor, seller or buyer. - BANK SCORING:
Seller transaction history could be seen from the transactions of the seller with buyers. With this one can easily rate the seller for his/her reputation which makes it possible to build credit and overdraft systems by the banking institutions.
BENEFITS OF ELEMENTH TO DEVELOPERS
Elementh blockchain gives developers the ability to make Dapps (Decentralized apps), which is an open-source software platform implemented on decentralized blockchains.
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Being an open-source application makes it truly decentralized as anyone can see and contribute to the code. It also fastens the process for scalability of product development in terms of both quality and quantity.
For more Information & Resources:
- Elementh Github
- Elementh Website
- Elementh WhitePaper
- Elementh Medium
- Elementh BitcoinTalk Forum
- Elementh Facebook
- Elementh Twitter
Thanks for reading, you can participate in the CONTEST HERE.
elementh2018
Nice detailing, I hope you win.
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Thanks mate! Wish you the best of luck too.
Good Luck!
Make sure to edit your post and add the link to the contest, I believe it is needed in order to accept your submission!
Thanks mate, almost forgot.
Submitted.