Elementh- The Use of Innovative Blockchain May Be Used By Decentralized Markets Using Crypto Currency For Internal Payments
Elementh is a blockchain for e-commerce, an exclusive property database with the ability to write a special smart contract and use nomenclature standards to quickly create decentralized and centralized applications for e-commerce. Elementh has absorbed the best achievements of the last years in the field of blockchain, aimed at solving the problems of the world of modern electronic commerce. Elementh has absorbed the best achievements of the last years in the field of blockchain, aimed at solving the problems of the world of modern electronic commerce. Elementh is a blockchain for e-commerce, which is a property property registering with possibilities
Goods system
In addition to the token system, Elementh has a merchandise system that can also be used in various applications, such as tracking the movement of certain objects from its creation to the current owner, tracking. original goods and the detection of counterfeit goods. Unlike the token system, the commodity system also allows the delivery of "" certain products to a specific address, indicating all possible data items (such as names, manufacturers, barcodes, etc.). ). And if an identical item is already in the blockchain, the sender will receive a message about him, and he will have the opportunity to show how many items he wants to "transmit". If an article has a serial number, To provide data counterfeiting protection, only the hash of the serial number specified in the system, therefore only people who know the initial number have a chance to do a valid transaction. In the absence of a serial number at the "problem" of goods, the system is generated randomly and the holder can use it to identify certain items by printing QR codes on the packaging, writing them in RFID tags or in other easy ways.
Nomenclature Unified goods
One of the main features of Elementh is the availability of unified nomenclature. To ensure that the goods 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 EEA (the price will be determined by the votes of the delegate). When the owner adds items to the system, it is proposed to use an existing card or to create a new card. Using an existing map cost 100 times less than creating a new one (e.g., 0.01 EEE). The cardholder receives a prize for each property owner using his business card, as well as making transactions using this card. Each participant in the system can complete the information contained in the existing card,
Competitor / Competitor
Direct project competitors are an existing online B2B e-commerce project, such as Indix. In this segment, the Elementh project is an innovative use of Blockchain and can be used by a decentralized market that uses crypto currency for internal payments. There is also a Blockchain platform for e-commerce as Elementh competitors, such as VeChain, INS Ecosystem, Connectius, Flipz, StopTheFakes, and so on. It is interesting that some of these are niche products, and are not actually infrastructure. application for smart contract for e-commerce.
We believe that Elementh is more an infrastructure project and can be used by different markets and platforms. In addition, an important advantage for Elementh is a great experience in the B2B e-commerce market since 2012 and working with real customers. Different markets are also competitors for the Elementh project, as they can be developed without Elementh and in this case they will operate in the same market. It is important for the Elementh team to partner with existing decentralized markets that are already in operation or are about to begin.
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Author by: Ayin2206
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