Selasa, 27 Maret 2018



What Is Element

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 decentralized and centralized apps.

The idea of ​​taking basic blockchain technology and applying it to other concepts also has a long history. In 2005, Nick Szabo proposed a concept of proprietary rights protection with owner authorization, which explains how "new advancements in replicated database technology" would enable the use of block-based systems to store a registry of someone who owns multiple lands, creating a complex structure that includes 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 smart contracts, firstly, the absence of the Turing-complete programming language, led to the emergence of Ethereum blockers, a special blockchain that made it possible to write smart Turing-complete contracts. 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 would be the EOS block, which is currently being developed. It provides the ability to write intelligent contracts, work on dPoS protocols and facilitate the creation of decentralized DApps applications based on its own blockchain.

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


The market is decentralized by Elementhlebih
Based on the Elementh blockchain, each market will allow sellers to use existing goods cards without making new items. Product ownership data will allow you to exclude counterfeit products sold through the market. Integrated merchandise cards will enable you to find the lowest price for the product easily. At the same time, it becomes possible to pay using crypto currency.

Track the movement of goods
Chain manufacturers - distributors - sellers - complete buyers, stored in the Elementh Block, will make it possible to find suppliers for any product volumes, to order goods directly from the manufacturer. We see it as the future of e-commerce.

Looking goods with geolokasilebih
Seller information available at Elementh Block lets you find the easiest place to purchase for any item.

Decentralize sending more messages
The ability to send messages lets you contact participants directly in a transaction. This will allow setting up exchange systems, bidding, getting individual purchase conditions and so on.

Designer tokolebih
Having all the data needed to create a store, this system lets you create an individual decentralized view for each vendor in the system.

More fake searches
Data of all chain participants will make it possible to track the appearance of counterfeit products at the transfer of ownership stage.

More banking value
Access to data on all transactions from each participant of the system will enable seller valuation directly, enabling the establishment of credit system and overdraft by banking institution.

Different vertical
The blockchain element may be used by service providers, such as hotels or airlines with ticket coupons, coupons or vouchers to store information and track ownership.

MISSION
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.

The Elementh project has evolved from the miiix.org product that is being developed since 2012. When we found Miiix is ​​a fully working business in Russia that has investments from VVV Business Partners and business partners and solid partnerships, for example, with Sberbank AST and SAP Hybris and 200+ online stores and small and medium-sized markets.

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