|Pre-Sale & Pre-ICO||ICO|
|Supply:||22,5M EEE||195M EEE|
|HardCap:||1,500 ETH||30,000 ETH|
System of Goods
Along with the system of tokens, Elementh has a system of goods, which can also be used in a large number of applications, such as tracking the movement of a particular item from its creation to the current owner, tracking original goods and detecting counterfeit goods. Unlike the system of tokens, the system of goods also provides for the ability to "issue" a particular product at a particular address, indicating all possible item's data (such as name, manufacturer, bar code, etc.). And if identical goods are already present in the blockchain, the issuer will receive a message about it, and he will have the opportunity to indicate how many items of goods he wants to "issue". If an item has a serial number, it is possible to specify it when the transfer operation is being performed. To provide protection against data forging, only the hash of the serial number is fixed in the system, therefore only the person who knows the initial number has the ability to make a valid transaction. In the absence of a serial number at the moment of "issuing" goods, the system generates it randomly and the holder is able to use it to identify a particular item of goods by printing out the QR code on the package, writing it in an RFID tag or in any other convenient way.
Unified Nomenclature of Goods
One of the key features of Elementh is the availability of a unified nomenclature. To ensure that the merchandise cards are as complete and accurate as possible, and to reduce the likelihood of creating duplicate cards, the cost of creating and using the card will be different. To create a merchandise card a participant will have to pay, for example, 1 EEE (the price will be set by voting of delegates). At the moment when the owner adds the item to the system, he is offered to use an existing card or create a new one. The use of an existing card costs 100 times less than the creation of a new one (for example, 0,01 EEE). The cardholder receives a reward for each owner of goods that uses his card, as well as for making a transaction using this card. Any participant in the system can supplement information in existing cards, and the cardholder can accept or reject the proposed changes.
The originality of Goods
Goods in the system exist in a single copy and if an item with the same serial number is added to the system, any dApp can notify the buyer that the origin of the goods is unknown. If the chain of ownership comes from the manufacturer, the confirmation of the originality of the goods will be throughout the entire network.
Jack's shoes store
Jack, the owner of a small store, was told about the Elementh blockchain and the opportunities it provides. Jack had not sold anything on the Internet before. Having learned about the new possibilities, he decided that it was time to try selling their shoes via the Elementh blockchain, using special applications for sellers. Setting up a store turned out to be quite simple and took several minutes. Having connected his accounting program to the application, Jack managed to recognize stock balance and bind it to a single nomenclature with fine merchandise cards and complete data of the product features. Information about Jack's goods immediately became available to all members of the Elementh network. Steve saw the store with the boots he needed, immediately made the order, and Jack received a notification that Steve wanted to buy his shoes. Customer's money is immediately transferred to a smart contract, which means that the order is real. Having arranged the delivery of the goods to Steve, Jack began his usual work in the store. As soon as the goods were delivered, the money transferred to Jack's account, which means that he didn't have to wait for a long time and immediately invest the profit in a new product.
Jack and the problems of counterfeiting
One day Jack decided to expand the product range and to sell branded bags, along with footwear. Without hesitation, he opened the b2b application for finding suppliers and manufacturers working in the Elementh blockchain and found the bag manufacturer LOUIS VUITTON. He placed the order, transferring crypto currency to the smart contract. The supplier, having received information about Jack's order, immediately formed a dispatch and transferred data on serial numbers to the smart contract. Now that the transaction is underway, everyone will be able to verify that Jack has authentic LOUIS VUITTON bags in his store and not a fake. This is because in the Elementh network each manufacturer can track the movement of goods and if several owners of the same serial number of one product appear, it means counterfeit and its origin is very easy to track and take necessary measures to notify customers about its existence.
Steve has long been using applications for finding the lowest price for the product he needs. Today he decided that it was time to order new shoes and just in a few minutes he found the couple he needed in Jack's store and placed the order, sending money to the smart contract. Steve has not been afraid to make purchases online and send money to unknown sellers for a long time. If Steve does not receive the goods, he will simply indicate it in a smart contract and the money will return to him. This time his order was processed almost instantly and the courier arrived an hour later. Making sure that the shoes are of the right quality Steve completed the smart contract and the money went to Jack while Steve became the owner of a new pair of shoes. He can easily sell this pair of shoes in the secondary market as soon as he gets bored with them because Elementh network knows that he has authentic items not counterfeit ones. Just in two clicks he will be able to put them up for sale.
Decentralized marketplaces based on Elementh
Based on Elementh's blockchain any marketplace will be able to allow sellers to use existing merchandise cards without creating new ones. Data on the ownership of the product will allow you to get rid of counterfeit products sold through the marketplace. Unified merchandise cards will allow you to easily find the lowest price for any products. At the same time, it becomes possible to pay using any crypto currency.
Tracking the movement of goods
The complete producer - distributor - seller - buyer chain, stored in the Elementh blockchain, will allow to find suppliers for any volume of products, up to direct order of goods from the manufacturer. We see it as the future of e-commerce.
Search for goods by geolocation
Seller information available in the Elementh blockchain allows you to find the most convenient places of purchase for any item.
Decentralized sending of messages
The ability to send messages allows you to contact directly with any participant in the transaction. This will allow setting up exchange systems, bidding, obtaining individual purchase conditions and so on.
Having all the necessary data to set up a store, the system allows you to create individual decentralized showcases for any vendor in the system.
Data on all participants of the chain will allow to track the appearance of counterfeit products at any stage of the transfer of ownership of goods.
Access to data on all transactions of any participant of the system will allow instantaneous scoring of the seller, which makes it possible to build credit and overdraft systems by the banking institutions.
Elementh blockchain can be used by any service provider, for example, hotels or airlines with ticket, coupon or voucher entity to store information and track ownership.
Elementh's goal is to create an alternative protocol for the development of decentralized applications used by e-commerce, providing a standard quality nomenclature, guaranteeing ownership of a particular product and the ability to create specialized smart contracts for e-commerce. Elementh will achieve this by creating a blockchain with a built-in Turing-complete programming language, allowing everyone to write smart contracts and decentralized applications, enabling the use of unified product cards, e-commerce transactions and the transfer of ownership.
In 2016, the global retail e-commerce sales amounted to $1.915 trillion. They are expected to increase to $ 4.058 trillion.
The largest marketplace in the world is Amazon. Its revenue exceeded $125 billion in 2016.
The largest holding company in China is Alibaba Group.
Elementh Blockchain can be used by any marketplace and online store in the world for nomenclature standard and their system of goods. Ecommerce is a growing market in all countries and the popularity of decentralized marketplaces is a benefit for Elementh Foundation. If we'll partner with all new marketplaces, our blockchain can become a standard in ecommerce market.
MIIIX company establishment
Investments from RSV Venture Partners and business angels
Number of product categories is 1000
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 most largest portals in the field of e-commerce (Sberbank AST)
The transition to the blockchain technology with introduction of opensource project Elementh
Private Pre-SALE (15.01 - 31.01)
Only whitelist; min. 10ETH or 1BTC; max. 100 purchasers;
Pre-ICO (01.02 - 14.02)
min. 1ETH or 0.1BTC; max. 1000 purchasers; 1EEE = 0.0001ETH; Whitelist BONUS: First day: 30%, Second day: 15%
ICO (01.04 - 30.04)
1EEE = 0.0002ETH; Whitelist BONUS: First day: 30%, Second day: 15%
Alpha-version of Elementh blockchain
Elementh blockchain TestNet
Launch of Elementh blockchain
Launch of first DAPP
The Elementh project has grown from miiix.org product which is being developed since 2012. As we found out Miiix is fully working business in Russia which have investments from RSV Venture Partners and business angels and solid partnerships, for example, with Sberbank AST and SAP Hybris and 200+ small and medium online stores and marketplaces.
Tech advisor and early contributor
Proorocu Aurel George
The direct competitors of the project are the existing online B2B e-commerce projects, such as Indix. In this segment, the Elementh project is innovative use Blockchain and can be used by decentralized marketplaces that use cryptocurrencies for internal payments.
Also there are some Blockchain platforms for Ecommerce as competitors for Elementh, for example the VeChain, INS Ecosystem, Connectius, Flipz, StopTheFakes etc. It’s interesting, that some of them are niche products, and all are not really infrastructure platforms but just something like applications for smart contracts for e-commerce.
We think that Elementh is more infrastructure project and can be used by different marketplaces and platforms. Also, an important advantage for Elementh is a huge experience in B2B Ecommerce market since 2012 and working business with real customers already.
Different marketplaces are also some kind of competitors for Elementh project, because they can be developed without Elementh and in this case they will work in the same market. It’s very important for Elementh team to get partnership with all current decentralized marketplaces that are already working or going to start soon.
Where are you incorporated?
Our current business is in Russia and our Foundation will be incorporated in Switzerland or Gibraltar.
What blockchain do you use?
For ICO we use Ethereum blockchain, but after ICO we'll develop our own blockchain Elementh and change ERC-20 tokens to Elementh tokens in Elementh blockchain.
Is your organization profit or non-profit?
Elementh Foundation is non-profit organization.
How will your tokens be used?
They will be used for all operations in Elementh blockchain (like ETH in Ethereum blockchain and EOS in EOS blockchain).
Do you have bounty or referral program?
We'll have bounty and referral programs after Pre-ICO stage. Actually we can pay referral fee if you have good channels or direct investors.