ELEMENTH - BLOCKCHAIN FOR E-COMMERCE

in #originalworks6 years ago (edited)

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HOW ELEMENTH IS GOING TO CHANGE THE E-COMMERCE SPACE
What is E-commerce? – Wikipedia

E-commerce is a transaction of buying or selling online. Electronic commerce draws on technologies such as Mobile commerce, Electronic funds transfer, Supply chain management, Internet marketing, Online transaction processing, Electronic data interchange, Inventory management systems and automated data collection systems.

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Elementh programming language allows retailers to build applications that track their products and purchase goods through the power of smart contract. It helps retailers to exercise control over their inventories in terms of product accountability i.e number of products, timely delivery, product specification-quality, transaction history, store design tools, authenticity checking, logistic, tracking movements of goods etc.

NOTE: The only way to keep a customer for life is building a genuine relationship with that customer and not just on the concept of responding to them and elementh is here to do just that.

ILLUSTRATION
For example, I am the owner of a particular shoe brand let’s say X, and a user reaches out to me on elementh to make a purchase. If I am able to meet the user’s specification in terms of the size, colour, texture, quality etc and also able to make a timely delivery. It will give my user a level of satisfaction and with every transaction resulting in satisfaction comes with a level of trust and hence, a lasting relationship built. The payment is made after the provision of the service and it can be made using cryptocurrency.

HOW DEVELOPERS WILL BENEFIT FROM HAVING ACCESS TO POWERFUL ELEMENTH TOOLS
They hold the power to the core of the platform, they can enhance Elementh further as adoption increases and companies want to expand their operations on the Elementh platform. They also have the ability to to make apps that work with the decentralized inventory of items.

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HOW BUSINESSES CAN UTILIZE ELEMENTH TO TAKE THEIR BUSINESSES ONLINE
With the set of programming present in elementh it is possible for stores, service providers, distributors to store their product data in a specified format on the elementh blockchain and it is also possible for other businesses to use the platform to access the data stored and make product orders directly through DAPPs made on top of the platform.

BRINGING THE POWER OF BLOCKCHAIN TO INVENTORY MANAGEMENT CHANGES THE INDUSTRY?
Bringing the power of blockchain to inventory management changes the industry by the reason of;

Decentralized Marketplaces: It allows the sellers to user existing merchandise cards without creating new ones. The data on the ownership of product helps to get rid of counterfeit products.

Product Tracking: The distribution channel stored in the elementh blockchain allows easy finding of suppliers for a specified volume of product and also direct order of goods from the manufacturer.

Finding lowest price: The concept of unified merchandise cards helps to easily identify the lowest price for any product and also making it possible for payment to be made with any cryptocurrency.

Product Availability: Elementh is user friendly such that every user has access to data stored on the blockchain and therefore makes it easy to ascertain the availability of a product. It can also be ascertained by reaching out to the supplier of such product.

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