Elementh the single biggest revolution in trade after the invention of the wheel.

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The invention of the Wheel was the single most important event in the history of mankind that set the trade and business rolling.
With it came the opportunity to move goods from one part of the world to another. Thus trade grew in leaps and bounds and today we buy things over the internet .

Devil is in the numbers

Not so long ago I came across these numbers The global ecommerce sales are rising and in 2016 they amounted to $1.915 trillion
They are expected to increase to $4.058 trillion.

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Amazon happens to be the largest market place with a revenue that exceeded $125 billion in 2016.

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The largest holding company in China is Alibaba

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All these numbers indicate both holding and movement of goods and products. This brings to the fore the need to manage inventory in an efficient and transparent way. So with a friend I started selling mobile phones and accessories online.

I realized that setting up an online business required a lot of work. Once things got set up business began to come in. Profits were decent and sales were picking up
However what hit us hard was a strange modus operandi practiced by some unscrupulous operators.
People would buy genuine accessories like the mobile chargers from our online store. Some customers would complain that the charger was not working and ask for a refund.
This would be happening on an average in 3 of every 10 orders. That is 30 percent of the orders.
However what would get back to us as a returned product would be a similar looking charger that would be a poor imitation of the original one.
This points to a very important drawback in the system that fake products get into the system through a leak in the movement of goods from the manufacturer ==> Retailer==>End buyer
However good the business may be but if such a flaw exists then it becomes very difficult to pinpoint the real culprit and take him to task.

Online sales and transactions are on the rise so are the instances of fake products being found in the system.

Can this situation be improved?

Elementh would change all this.

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Elementh takes product information very seriously so each Product has a unique product id. So if someone tries swap a product the product id of the new product would not match the original one. Since the journey of product is tracked at every step so it becomes relatively easy to spot a fake product the moment it gets into the system.
This is just one feature of Elementh.

Elementh is a decentralized marketplace that helps the retail businesses in more ways them one.

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Track your Goods


Elementh takes the concept of ownership to a new level.
Every time a product moves off the manufacturer and starts its journey to the retailer its journey is tracked and logged on the underlying blockchain.

Find the Sellers who hold an inventory


Suppose we got a big order of say 50 mobile chargers and my supplier has only 10 then thanks to Elementh I can easily find a seller who holds an inventory of 50 or mole mobile chargers.

Sellers at a given Geo location


I would be able to find sellers closer to my location.

Sending messages to others on the Blockchain


To do business I need to be able to communicate with various parties involved and Elementh would let me do just that.

Elementh would let you set up your online business in a few minutes


Elementh gives you all the tools needed to start an online business. You also get the option of accepting crypto as a means of payment.
As a user of Elementh you can build your apps over the Elementh blockchain to better utilize the underlying power.

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The following links would help you get more information about the Elementh project

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

https://steemit.com/cryptocurrency/@originalworks/140-steem-35-bonuses-sponsored-writing-contest-elementh

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