ELEMENTH_Blockchain Designed For The E-Commerce Sector

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The idea of ​​taking basic blockchain technology and applying it to other concepts also has a long history. In 2005, Nick Szabo proposed the concept of proprietary rights protection with authorization owners, explaining how "new advancements in replicated database technology" would enable the use of block-based systems to store a person's registry of land, creating complex structures that include concepts such as manor , unprofitable ownership and land tax. Unfortunately, at that time no database system was replicated effectively, so the protocol was not actually implemented in practice. However, after 2009, once the Bitcoin decentralization consensus was developed, a number of alternative applications emerged quickly.

The lack of Bitcoin's smart contract, firstly, the absence of the Turing-complete programming language, led to the emergence of the Etereum blocker, a special blockchain that allowed the writing of a complete Turing-complete contract. Ethereum plans to switch to the PoS protocol in the future, but is currently still working on the PoW protocol, which affects the speed and cost of transactions in the system. A promising alternative is the EOS block, which is currently being developed. It provides the ability to write smart contracts, do dPoS protocols and facilitate the creation of decentralized DApps applications based on own blockchain.

What is that ?
Elementh is a blockchain designed for the e-commerce sector. This is a list of "ownership" items, which have the ability to write a special smart contract and use nomenclature standards to quickly make the app decentralized and centralized.

MISSION OF COPYRIGHT ELEMENTS

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 make smart contracts specific to e-commerce. Elementh will achieve it by creating blockchain with the Turing-complete built-in programming language, enabling one to write smart contracts and decentralized apps, allowing the use of integrated product cards, e-commerce transactions and ownership transfers.

MARKET

From statista.com
In 2016, global retail sales reached $ 1,915 trillion. They are expected to increase to $ 4.058 trillion. From statista.com
The biggest market in the world is Amazon. Revenue exceeds $ 125 billion by 2016. From statista.com The largest holding company in China is Alibaba Group. Elementh Blockchain can be used by the world's online market and stored for their standard item nomenclature and system. E-commerce is a growing market in all countries and the popularity of a decentralized market is a boon for the Elementh Foundation. If we want to partner with all new markets, our blockchain can become standard in the e-commerce market.

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FEATURES ELEMENTH
Nomenclature of Unified Goods

One of the main features of Elementh is the availability of 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 current card cost is 100 times smaller than the new one (e.g., 0.01 EEE). The cardholder receives a gift for each owner using his business card, and also transacts using this card. Each participant in the system can complete the information in the existing card,

Originality of goods
The items in the system are in one copy and if items with the same serial number are added to the system, each dApp can notify the buyer that the origin of the item is unknown. If the chain of ownership comes from the manufacturer, the authenticity of the goods will be done across the network.



Penders
  • Sergey Ryabov, General Director
  • Dmitry Bereznitsky, WHAT
  • Vitaliy Mengeshev, СОО


ADVISER
  • Founded by Yannam
  • To the Prophet Aurel Gheorghe
  • Michael Averbah
  • Sergey Fradkov


ROADMAP

2012 - The establishment of the MIIIX company

2012 - Investment from Business Partners RSV and businessman

2014 - The number of product categories is 1000

2016 - In the MIIIX database there are 70 million SKUs in 30,000 product categories, 1000 stores from various industries, clients from small shops to the largest portals in e-commerce (Sberbank AST)

2017 - Transition of blockchain technology with introduction of opensource project Elementh

01/2018 - Private Pre-SALE (15.01 - 31.01)
Whitelist only; min. 10ETH or 1BTC; max. 100 buyers;

02/2018 - Pre-ICO (01.02 - 14.02)
min. 1ETH or 0.1BTC; max. 1000 buyers; 1EEE = 0.0001ETH; BONUS white list: Day one: 30%, Day 2: 15%

03/2018 - ICO (01.03 - 31.03)
1EEE = 0.0002ETH; BONUS white list: Day one: 30%, Day 2: 15%

06/2018 - Alfa-Elementh blockchain version

09/2018 - TestNet blockchain element

12/2018 - Launch of Elementh blockade

03/2019 - Launch of the first DAPP

Official link:


Group telegram link- https://t.me/elementh_community

Twitter link- https://twitter.com/Ahooleeman

Author (x xurtjati)

 Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1516520

 My ETH: 0x1E0141D7fa5C340d404A73aAFBBcf5d74CE06564

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