Elementh, for transparent market in ico
The blockchain is very likely to change all economic activity. This feature is advantageous and can be used without having to use centralized management. Economic centralism has caused the cost of communication and operations to be quite high. But gradually, centralism will change. The effect is very wide for the community. With the Blockchain, operating costs and communication costs dropped dramatically.
Blockchain makes it possible to combine physical assets and digital assets. They will send the information to the recipient in need, without any centralized management. It not only makes it easy for users but also saves user spending. Thanks to the existence of this technology, one can do various business without having an intermediary. It is not surprising that Blockchain is being used in a variety of business areas including e-commerce.
Challenges in E-Commerce
One of the great goals of e-commerce is to simplify the process of buying and selling goods and services to make the process transparent and low cost. But the existing technology can not fulfill this one purpose.
Currently, e-commerce has some pretty complicated issues, including:
The first obstacle is information that is not transparent. To get the information the consumer needs is also quite complicated. There are quite a lot of e-commerce participants, there are manufacturers, retailers, shippers, consumers, and regulators. All participants need to exchange data. And each participant needs a different piece of data. This is why, when they want to process this information, it takes the same job over and over again and this leads to high processing costs. Not only that, the possibility of duplicating data and losing some / all of the data is very high. This could lead to frauds such as illegal imports/exports, tax evasion, counterfeiting and so on.
The first obstacle is information that is not transparent. To get the information the consumer needs is also quite complicated. There are quite a lot of e-commerce participants, there are manufacturers, retailers, shippers, consumers, and regulators. All participants need to exchange data. And each participant needs a different piece of data. This is why, when they want to process this information, it takes the same job over and over again and this leads to high processing costs. Not only that, the possibility of duplicating data and losing some / all of the data is very high. This could lead to frauds such as illegal imports/exports, tax evasion, counterfeiting and so on.
Second, the lack of unified standards. The e-commerce market just formed. Many traditional companies are involved in online trading. But the rules and standards are lacking. This causes chaos in product offerings in the market. The same items in Internet stores can have different names and categories. This causes the end customers to have trouble comparing prices from various online stores. Finally, the market decides to raise the prices of goods from suppliers based on the data they collect. This obviously, can seriously hamper the connection to the market.
Nomenclature Unified Goods more
One of the most important features of Elementh is the existence of a uniform nomenclature. To make sure that the item 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 also be different.
To create merchandise cards, participants must pay, for example, 1 EEE (the price will also be set by selecting a delegate). When the person has given the item to the system, he is offered to use an existing card or create a new one. The use of existing cards is 100 times smaller than the new ones (eg 0, 01 EEE).
The cardholder receives the gift for each who owns the goods that wear the card, and to do transactions using this card. Each participant in the system can complete the info on the card, and the cardholder can accept or reject the suggestion of the change.
To create merchandise cards, participants must pay, for example, 1 EEE (the price will also be set by selecting a delegate). When the person has given the item to the system, he is offered to use an existing card or create a new one. The use of existing cards is 100 times smaller than the new ones (eg 0, 01 EEE).
The cardholder receives the gift for each who owns the goods that wear the card, and to do transactions using this card. Each participant in the system can complete the info on the card, and the cardholder can accept or reject the suggestion of the change.
Solution from Element
Elementh comes up with solutions. The goal of Elementh is to implement blockchain technology in e-commerce. Elementh tries to capitalize on technological advantages and make the process in e-commerce more efficient. Elementh has been active since 2007. And in 2012, created the Miiix project. The main objective of this project is to create a standard in the e-commerce market. Over the past 6 years, Elementh has helped online retailers compare goods from thousands of suppliers.
This is done because of the algorithm in Elementh based on the use of machine learning. This database can update stock data in real time. This is a result of cooperation and feedback from retailers, markets, distributors and manufacturers from various countries. Furthermore, Elementh wants to help everyone to access stock inventory in real time and list prices from vendors within the blockchain system.
The decentralized system of blockchain can give consumers the opportunity to make deals with the best sellers faster. Elementh’s vision is to create a fully transparent and trustworthy community for the e-commerce market built on the principles of blockchain that can be self-regulating and can be easily scaled.
ROADMAP
2012 MIIIX company establishment
2012 Investments from RSV Venture Partners and business angel
2014 Number of product categories is 1000
2016 In the MIIIX database there are 70 mln SKU in 30,000 product categories, 1000 shops from different industries, clients from small shops to the largest portals in the field of e-commerce (Sberbank AST)
2017
The transition to the blockchain technology with introduction of opensource project Elementh
January 2018
Pre-SALE (15.01–31.01)
Only whitelist;
Min. 10ETH or 1BTC;
Max. 100 purchasers.
February 2018
Pre-ICO (01.02–14.02)
1EEE = 0.0001ETH;
Min. 1ETH or 0.1BTC;
Max. 1000 purchasers.
March 2018
Pre-FUND (15.02–31.03)
1EEE = 0.0002ETH;
Pre-Fund BONUS: 30%
April 2018
ICO (01.04–30.04)
1EEE = 0.0002ETH;
First day BONUS: 30%;
Second day BONUS: 15%
June 2018
Blockchain Basis Layer (Alpha)
EAS, ESCS(g), EIPC, EESN
August 2018
Blockchain Abstract Layer (v_0.1)
ESCS(u), EOTS, ESNS, EPS
October 2018
Blockchain Abstract Layer (v_0.2)
ESNS, EANS, EPCM, ESS (Test Net)
December 2018
Wallets and Blockchain explorer (Release)
February 2019 API
March 2019 Master Nodes
March 2019 DAPPs
Elementh Team
ADVISORS
ICO RATINGS
OUR PATNERS
For More Information Click Link Below :
Website : https://elementh.io
Twitter : https://twitter.com/Ahooleeman
Telegram : https://t.me/elementh_community
Facebook : https://www.facebook.com/Elementh
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