ELEMENT-guarantees the ownership of certain products and the ability to create smart, specialized contracts for e-commerce. trading

Greetings community,

What is an item?

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 centralized and decentralized apps.

ELEMENTH CHARACTERISTICS

Nomenclature of unified goods:
One of Elementh's main features is the availability of a uniform nomenclature. To ensure that the item card is as accurate and precise as possible and to reduce the chances of creating a duplicate card, the cost of creating 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 new ones (for example, 0.01 EEE). The cardholder receives a gift for each owner of the merchandise using his card and also to make transactions using this card. Each participant in the system can complete the information in the existing card,

Originality of the goods

Items in the system are in a copy and if goods with the same serial number are added to the system, each dApp can notify the buyer that the item's origin is unknown. If the chain of ownership comes from the manufacturer, the authenticity of the goods will be made through the network.

Elementh's goal is to create alternative protocols for the development of decentralized applications used by e-commerce, to provide the nomenclature of quality standards, to guarantee the ownership of certain products and the ability to create specific, intelligent contracts for e-commerce. commerce. Elementh will create it by creating a blockchain with Turing's integrated programming language, allowing anyone to write smart contracts and decentralized apps, enabling the use of integrated product listings, e-commerce transactions and property transfers.

MARKET:
From statista.com
In 2016, global e-commerce retail sales reached $ 1.915 billion. It is expected to increase to $ 4,058.

The largest market in the world is Amazon. Revenues exceed $ 125 billion by 2016.

The largest holding company in China is Alibaba Group.

Elementh Blockchain can be used by markets and online stores around the world for their nomenclature and commodity standards. E-commerce is a growing market in all countries and the popularity of a decentralized market is an advantage for the Elementh Foundation. If we cooperate with all new markets, our blockchain can be standard in the e-commerce market.

For more information:

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author : assyfa
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