The Latest Business Solutions from A Blockchain-Based World: Elementh

ihsan19 (50)in #elementh2018 • 7 years ago (edited)

Along with the changing age of the electronic world, especially in the digital field is a digital coin world that uses the blockchain platform. Where on this blockchain site that introduces honesty transaction without any lie at all, this is proven because in every transaction recorded in transaction history.

And now many of us who use online sites for sale and purchase transactions of all kinds of goods. It can be said almost all of our buying and selling transactions using online sites.

Recently one of the trading companies introduced its new site based on buying and selling of goods using a blockchain base, the company name is "elementh".

A little about elementh:

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Elementh is a blockchain designed for the e-commerce sector. This is a list of "goods ownership", which has the ability to write a special smart contract and use nomenclature standards to quickly create decentralized and centralized apps.
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Along with the token system, Elementh has a goods system, which can also be used in a large number of applications, such as tracking the movement of certain goods from its creation to the current owner, tracing the goods genuine and detecting counterfeit goods. . Unlike the token system, the goods system also provides the ability to "issue" certain products at a particular address, which shows all possible item data (such as name, manufacturer, barcode, etc.). And if an identical item is already in the blockchain, the publisher will receive a message about it, and he will have a chance to show him how many items he wants to "show".
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If an item has a serial number, you can specify when the transfer operation is performed. To provide protection against forging data, only the hash of the serial number specified in the system, therefore only the person who knows the initial number that has the ability to perform a valid transaction. In the absence of a serial number at the time the item "pulls out", the system generates it randomly and the holder can use it to identify a particular item by printing the QR code on its packaging, writing it in RFID Tags or in other easy ways.
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Nomenclature of Unified Goods

One of the main features of Elementh is the availability of a uniform nomenclature. To ensure that the item card is as accurate and accurate as possible, and to reduce the chances of making a duplicate card, the cost of making and using the card will be different. To create merchandise cards, participants must pay, for example 1 EEE (the price will be determined by choosing a delegate). When the owner adds items to the system, he is offered to use an existing card or create a new one. The use of existing cards costs 100 times less than the new ones (for example, 0.01 EEE). The cardholder receives a gift for each owner of the goods using his card, and also to make transactions using this card. Each participant in the system can complete the information in the existing card.
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Trading example

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Jack, the owner of a small shop, was told about the Elementh blockchain and the opportunities he gave. Jack has never sold anything on the Internet before. After learning of the new possibility, he decided it was time to try to sell their shoes through blockchain Elementh, using a special application for the seller. Setting up shop is quite simple and takes a few minutes. After linking his accounting program with the app, Jack manages to recognize the stock balance and tie it to a nomenclature with a good item card and complete data from product features. Information about Jack's goods is immediately available to all members of the Elementh network. Steve saw the store with the boots he needed, immediately made the order, and Jack received notice that Steve wanted to buy his shoes. Customer money is immediately transferred to a smart contract, which means the order is real. After arranging the delivery of goods to Steve, Jack starts his usual job in the store. Once the goods are shipped, the money is transferred to Jack's account, which means he does not have to wait long and immediately invest his profits in the new product.
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The purpose of the element:

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Elementh's goal is to create alternative protocols for decentralized application development used by e-commerce, provide the standard quality nomenclature, guarantee the ownership of certain products and the ability to create smart contracts specifically for e-commerce. Elementh will achieve it by creating blockchain with the Turing-complete built-in programming language, enabling anyone to write smart contracts and decentralized apps, enabling the use of integrated product cards, e-commerce transactions and ownership transfers.
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Product of element:

The Elementh project has evolved from miiix.org products that are being developed since 2012. When we found Miiix is a fully working business in Russia that has investments from VVV Business Partners and business angels and solid partnerships, for example, with Sberbank AST and SAP Hybris and 200+ online stores and small and medium-sized markets.
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From the above understanding can be concluded that this elementh company will be able to change e-commerce system trading world sales.