Collaboration Elementh and Blockchain Technology for e-commerce.
Blockchain has been widely accepted as a powerful new Technology.
The development of Blockchain Industry is currently best applied in finance or non-financial.
Blockchain is an Economic Infrastructure, which allows a combination of Physical and Digital assets, and sends it to the required recipient, without central management.
Blockchain provides a scalable business model for all Internet users.
Elementh has achieved the best achievements of the last few years in the field of Blockchain, with the aim of solving problems in the world of modern e-commerce.
From this database, Elementh developed Blockchain for e-commerce, which is a list of ownership of goods, with the ability to write a special smart contract and use nomenclature standards to quickly make decentralized and centralized applications for e-commerce.
Elementh allows everyone to access real-time stock inventory and price data from vendors within blockchain.
One of Elementh's primary goals is to apply blockchain technology to e-commerce, which makes it as efficient as possible.
The introduction of step-by-step Blockchain technology into the trade will drive the expansion of Global Elementh, this combination does not require much drastic change in the business processes of players in the market.
Elementh allows every community to always access real-time stock inventory, and price data from vendors inside Blockchain.
The trust and decentralized nature of Blockchain will make Elementh give consumers the opportunity to find the best dealer and dealer to do business faster.
Vision Elementh's Transparency as the Future of E-Commerce.
Elementh's vision is to create a fully transparent and trusted ecosystem for the e-commerce market, built on the principle of self-organizable and easy Blockchain.
This is how Elementh's team sees the future of the e-commerce market :
Integrated product classification standards used worldwide with unique code for each product item.
A truly transparent market transaction system.
Each participant of the system can fully trust the other participants. The value donated by each participant jumps into a new quality. At that time, the high level of service provided by the participants was more important than having proprietary information.
All market participants make their own contributions to system development and receive rewards for this contribution.
Blockchain technology works not only as a database, but also the basis of the company's business processes.
The whole market is an open transparent database that is permanently magnified by the new entrant's incoming stream, at the high speed of every transaction in the system.
Elementh's goal is to create an integrated product classification standard and platform that enables quick setup and scaling of ecommerce projects.
Elementh will achieve it by creating Blockchain with the Turing-complete built-in programming language.
This will allow anyone to write smart contracts and decentralized apps; in addition, this will enable the use of integrated product cards, e-commerce transactions and proprietary transfers.
To achieve this goal, Elementh will virtually digitize all items by creating product cards and unique IDs for each product.
Elementh will achieve it by creating Blockchain with the Turing-complete built-in programming language.
This will allow anyone to write smart contracts and decentralized apps; in addition, this will enable the use of integrated product cards, e-commerce transactions and proprietary transfers.
To achieve this goal, Elementh will virtually digitize all items by creating product cards and unique IDs for each product.
Technical Structure
All Elementh structures can be represented by the scheme as below :
All Elementh structures can be represented by the scheme as below :
The project is based on several systems that provide a framework for the future structure of the project, which of these systems will ensure the resilience and operation of the entire platform. The whole structure implements chain blocks based on needs and requirements.
This solution will save a lot of storage space and the cost of system resources, in addition, the protocol enables the Elementh network to operate significantly more efficiently while maintaining the desired level of security.
This solution will save a lot of storage space and the cost of system resources, in addition, the protocol enables the Elementh network to operate significantly more efficiently while maintaining the desired level of security.
Blockchain base layer :
EIPC, EESN is a unique number system for identifying goods and SKUs.
ESCS (g) is the origin of smart contracts to perform basic operations with data.
EAS is an addressing system for limiting address space of various data structures.
EIPC, EESN is a unique number system for identifying goods and SKUs.
ESCS (g) is the origin of smart contracts to perform basic operations with data.
EAS is an addressing system for limiting address space of various data structures.
Blockchain abstract layer :
ESS is a multi-purpose system for data storage with the ability to select a storage location (from a direct link to an external distributed system for data storage).
EANS is a service for choosing names for different data structures (wallet, product, etc.).
EOTS is a complex tool for processing information about ownership and transfer.
ESS is a multi-purpose system for data storage with the ability to select a storage location (from a direct link to an external distributed system for data storage).
EANS is a service for choosing names for different data structures (wallet, product, etc.).
EOTS is a complex tool for processing information about ownership and transfer.
Property :
ESCS (u) is a user-created smart contract for performing operations with data.
EPCM is a prediction and metadata service to automate the categorization and attribute extraction of vendor input data.
ESNS is a service to validate and generate unique serial numbers for SKUs.
EPS is a service to check and validate product card structure.
ESCS (u) is a user-created smart contract for performing operations with data.
EPCM is a prediction and metadata service to automate the categorization and attribute extraction of vendor input data.
ESNS is a service to validate and generate unique serial numbers for SKUs.
EPS is a service to check and validate product card structure.
Product Card Structure (EPS).
The main structure of the products used in Elementh is shown below:
The EPS system is used when adding data.
It validates, corrects and classifies data (using machine learning algorithms).
Data is stored in json format and recorded in ESS to save its place in Blockchain.
ID's unique identifier in Elementh is generated with sha256 function.
At that time, the ID produced is hashed before being recorded to NFC, QR Code or RFID tag (s), which is used for each product.
The EIPC code is generated according to the formula : sha256 (sha256 (json) + ownerID + blockNumber).
The main structure of the products used in Elementh is shown below:
The EPS system is used when adding data.
It validates, corrects and classifies data (using machine learning algorithms).
Data is stored in json format and recorded in ESS to save its place in Blockchain.
ID's unique identifier in Elementh is generated with sha256 function.
At that time, the ID produced is hashed before being recorded to NFC, QR Code or RFID tag (s), which is used for each product.
The EIPC code is generated according to the formula : sha256 (sha256 (json) + ownerID + blockNumber).
The EESN code is generated from EIPC + originalSN.
In the absence of the original SN (serial number), the ESNS service will produce a unique one for further use in QR-code or other media.
Elementh uses a custom-made Smart Contract that enables digital ownership management (EOTS) based on authorization.
Expressed by EESN, ownership of the object is connected to an account with a key pair connected to both public and private keys.
The public key is open, and anyone can see it and can access it.
Through the EANS system, public keys can be named as appropriate.
The private key is designed for authorization and limited access, such as passwords, to objects with the corresponding public key.
Digital Ownership on Blockchain.
Elementh uses a custom-made Smart Contract that enables digital ownership management (EOTS) based on authorization.
Expressed by EESN, ownership of the object is connected to an account with a key pair connected to both public and private keys.
The public key is open, and anyone can see it and can access it.
Through the EANS system, public keys can be named as appropriate.
The private key is designed for authorization and limited access, such as passwords, to objects with the corresponding public key.
API.
Storage Service + (ESS).
Protocol.
To ensure that the Elementh Blockchain operates quickly, we plan to apply it to the DPoS protocol. This will give the maximum speed of block confirmation and reduce the load of the node.
Currently, priority is given to EOS forks, since Elementh blockchain requires operations with very large amount of data, sharding will be applied, nodes will not store the entire database but only partially, thus allowing less significant resource requirements.
Two types of common applications built on Elementh.
- The first category is a financial application that gives users a good opportunity to manage and participate in contracts using cash, including buying and selling products and content online and offline, as well as tokens available on Elementh software.
- The second category is non-financial applications, such as identifying counterfeit / counterfeit goods in the supply chain, etc.
A decentralized market based on Elementh.
Under the Elementh Blockchain, each market will allow sellers to use merchandise cards.
Ownership data will allow you to get rid of counterfeit products sold in the market. An integrated merchandise card will allow you to easily find the lowest price for any product.
At the same time, you can pay using what Cryptocurrency.
Track the movement of goods.
Complete manufacturer - distributor - seller - buyer chain, stored in Elementh blockchain, will enable you to find suppliers for a number of products, even order goods directly from the manufacturer.
Seller's information available on Blockchain Elementh allows you to find the most convenient purchasing place for any item.
Different vertical markets.
Elementh Blockchain can be used by any service provider, such as hotels or airlines that offer tickets, coupons, or vouchers to store information and track ownership.
Token.
Elementh Token (EEE). Because Elementh Token is a utility token, it continues to move in the system. More than 70% token (71.78% will be sold via ICO), will become a member of the system and will continue to move inside Elementh.
The distribution of initial tokens between companies and end users will be made through ICO.
The Elementh Foundation will exchange this token for ET or BTC, which in turn is used to extend Blockchain, develop, attract new investors, and keep the whole system.
Elementh Foundation accepts EEE tokens as the cost of each transaction on the system.
From 75% to 99% of the fees received will be paid by Elementh Foundation to masternodes for system maintenance.
Up to 25% of the cost will be maintained by the Elementh Foundation for day-to-day operations, business promotion and technical development.
Service providers pay fees on the system and receive tokens in turn from companies that need their services.
Any interactions, such as access to the necessary corporate data, will be paid with EEE tokens on the system.
End users may fully or partially pay for a product or service from a company on a system with an EEE token.
Users can be rewarded in tokens to maintain and develop systems, such as matching algorithm learning or product card-making, as well as detecting counterfeit goods in the system.
Elementh Basic Economics.
In its economic operation, the Elementh Foundation will adhere to the following key principles :
In its economic operation, the Elementh Foundation will adhere to the following key principles :
- Full transparency of operation.
- Non-profitability as the Foundation's business process framework.
- Research and development are constant using best practices.
- The Elementh Foundation will appoint a full-time financial team to manage its financial and digital assets.
- The finance team will report directly to the Foundation's management, and regularly prepare the Elementsh Foundation financial and disclosure statements.
Sources of funding.
The Foundation's main earnings can be divided into two areas :
1. Non-operating income consists of initial ICO funds and return on digital assets.
2. Some fees for all transactions in the Elementh blockade will be transferred to the Elementh Foundation and used for project development.
The following is a detailed explanation of the main sources of revenue :
ICO initial funding.
Token and ICO Information : EEE, ERC-20 standard
Total supply : 303,000 000 EEE
Token Distribution :
217 500 000 (71.78%) EEE - buyer
45 000 000 (14.85%) EEE - team
40 500 000 (13.37%) EEE - partners and advisors
private pre-sale / pre-ICO rounds : closed. Gather 910 ETH.
ICO prefund start date : February 15, 2018 00:00 UTC
ICO final term date : 31 March 2018 22:00 UTC
Start date : April 1, 2018 00:00 UTC
ICO End Date : April 30, 2018 23:59 UTC
ICO soft cap : 10 000 ETH
ICO hard cover : 30 000 ET
ICO price : 1 EEE = 0,0002 ETH
ICO bonus scheme : day one: Token 30%, day 2: 15% Token
There is no minimum or maximum number to participate in the ICO phase.
Tokens will be distributed at the time of purchase at the ICO stage.
All unsold tokens from the ICO stage will be burned.
Using Elementh is a fast and convenient way to start selling and giving your customers the optimal portal to streamline their ordering process.
The main advantages of Elementh :
Elementh's business work provides all the people in the e-commerce market with real-time and historical data on stocks and stock prices.
It also allows users to create decentralized and centralized applications based on Blockchain Elementh.
The decentralized nature of Blockchain Elementh allows customers to find the best deal and vendors to sell faster.
Roadmap.
The Elementh Tech Team has three main goals :
Here is the path of Elementh Technology development :
The Elementh Tech Team has three main goals :
1. R & D : priority is given at the lowest level of technology and development, it uses the most sophisticated technology analysis and experiments. We will develop next generation technology development plans and conduct feasibility studies.
2. Development : Based on R & D results, we will do the development until the initial test results are obtained.
3. Testing, implementation and maintenance : After obtaining development outcomes, R & D teams must improve and improve test results and proceed to relevant implementation and maintenance.
Here is the path of Elementh Technology development :
Team Success ELEMENTH.
For more details you can see the website below,
Website : https://elementh.io/
Whitepaper : https://github.com/ElementhFoundation/Documentation/blob/master/ElementhWhitepaperEN_v.2.md
Twitter : https://twitter.com/Ahooleeman
Instagram : https://www.instagram.com/elementhio/
Telegram : https://t.me/elementh_community
Reddit : https://www.reddit.com/r/Elementh/
Author by MCM10
Profil Bitcointalk https : //bitcointalk.org/index.php?action=profile;u=1767243
Adress ETH : 0x9ac37D5dA0b4b08b8a63128dD8B810b2a515A16d
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