ELEMENT - Blockchain Designed For The E-Commerce Sector.

Community Greetings,

What is an 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.

FEATURES ELEMENTS.

Nomenclature of Unified Goods.

One of the main features of Elementh is the availability of a 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 use of existing cards costs 100 times less than the new one (e.g., 0.01 EEE). The cardholder receives a gift for each owner of the goods 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 goods.

The items in the system are in one copy and if the goods 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.



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 complete Turing built-in programming language, enabling anyone to write smart contracts and decentralized apps, enabling the use of integrated product cards, e-commerce transactions and proprietary transfers.

MARKET.

From statista. com
In 2016, global retail e-commerce sales reached $ 1.915 trillion. They are expected to increase to $ 4,058.



The biggest market in the world is Amazon. Revenue exceeds $ 125 billion by 2016.



The largest holding company in China is Alibaba Group.



Elementh Blockchain can be used by online markets and online stores for their standard nomenclature and goods systems. E-commerce is a growing market in all countries and the popularity of a decentralized market is a boon to the Elementh Foundation. If we are going to partner with all new markets, our blockchain can be standard in the e-commerce market.

For more information:

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AUTHOR: jelambar111
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