ICO Elementh - Platform on the block for e-commerce

Elementh is a block-based platform, proposed by Russian developers, for e-commerce with the use of smart contracts. The project allows you to create stores your own applications and refine information on goods, its availability and prices in real time. Now ICO is conducted on the ERC20 standard on the basis of blockchainEthereum and the consensus algorithm DPoS is used.

How the Elementh
the project was created In 2012, Sergei Ryabov and Dmitry Bereznitsky created their online stores and started working with wholesale suppliers. They found out that all price lists are made in the * .xls format, and the same goods have different names. S. Ryabov and D. Bereznitskiy applied the algorithm of machine learning and identified compliance with the goods of suppliers. As a result, there was an idea to create a single classification of products, which would become the standard in the field of electronic commerce. The new system has united more than 200 SMB companies and customers. This project was called B2B Mix. In 2017, a partnership agreement was signed with SAP Hybris.
Having reached the annual turnover of 500 thousand dollars, it was decided to enter the world market. In this regard, the company was given the new name Elementh instead of Minix.

Objectives Elementh

the main goal of the platform is to simplify the process of buying and selling goods, to purchase it at the lowest price with the maximum transparency of transactions.

Identified problems

One of the problems is the complexity of obtaining information and its opacity. Also, suppliers and customers need different information about the goods, so the exchange, processing, duplication, replacement of data requires significant costs, which allows attackers to implement fraudulent schemes.

The lack of common rules and standards of online trading leads to disruption and unrest in the work of electronic commerce, as for the same product there are several names, even within the same country, which makes it difficult to compare them on different sites.

Suggestions for resolving problem issues

The main goal of the developers of the Elementh platform is the implementation of blockchain technology in the online trade, which will allow this project to enter the world market.

The main idea of ​Minix was to standardize the names of goods and services, and Elementh also allows you to access products and their prices placed in blocks of blockchain - databases. And the distribution and decentralization of the project make it possible to speed up the process of selecting the goods.

The scope of the Elementh platform

There are two types of applications created on the Elementh platform. The first type represents financial applications designed to perform transactions for the sale of goods and services.

The second type is non-financial applications that will reduce the number of counterfeit products since the project will be able to track the movement of the goods - from manufacturing to entering the market.
The use of blocking technology in Elementh will help the client to choose suppliers for geolocation, with minimal prices, even order products directly, that is, to find and buy goods on the criteria of interest. The Elementh platform will also be able to offer to customers such as hotels, airlines, banks, etc., storage of ticket information, etc., and track ownership of them.

ICO and Elementh tokens

The main currency of the Elementh platform will be the EEE tokens

Total will be issued 303 million EEE
Standard: ERC20 based on Ethereum
ICO start: April 1, 2018
End of ICO: April 30, 2018
SoftCap: 10,000 ETH
HardCap: 30,000 ETH
Price 1 token EEE = 0.0002 ETH
Tokens will be distributed in the ICO participation process. All unsold tokens will be burned.

The Elementh development

team, The project team includes 17 professionals, including three project founders:

• Sergey Ryabov - a successful businessman and marketing specialist with the ability to bring complex projects to the global market;
• Dmitry Bereznitsky, who is the technical director and partner of the Minix and Small horse projects, and has extensive experience in developing commercial sites
• Vitaly Mengeshev, executive director and partner of the Minix project (Elementh)

Partners

Conclusion

The success of the project depends largely on the development team. This platform is very promising, as its development, development, and implementation are handled by professionals with many years of experience. In addition, they occupied a niche that required new ideas and suggestions. The platform will help both suppliers of goods and services to bring their products to the world market, and customers make the choice faster and easier. More interesting information can be found on the official website

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This was posted from Smoke.Network