Elementh is a blockchain infrastructure designed for e-commerce market!

Elementh provides all participants of e-commerce market with real-time and historical data on stock inventory and price.It also allows to create decentralized and centralized applications based on the Elementh blockchain.

features

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 a 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 an 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 authenticity of the goods will be throughout the entire network.

cases

Jack's shoes store

Jack, the owner of a small shoe store, heard about the Elementh blockchain and the resources it offered to small business owners. Although he had never sold anything on the Internet before, Jack decided that it was time to try selling his shoes via the Elementh blockchain, using the special application for vendors. Setting up an online store turned out to be very simple and took a couple of minutes. Having connected his company’s accounting program to the application, Jack was able to see his entire inventory at a glance and bind it to the single product classification with fine merchandise cards and complete data on the product features. Information on Jack's goods immediately became available to all members of the Elementh network. Steve saw the store with the boots he needed, immediately made an order, and Jack received a notification that Steve wanted to buy his shoes. Customer's money was immediately transferred to a smart contract, which means that the order was real. Having arranged the delivery of the goods to Steve, Jack proceeded to his everyday work in the store. As soon as the goods were delivered, the money was transferred to Jack's account, which means that he didn't have to wait for a long time and could 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 to find suppliers and manufacturers working in the Elementh blockchain, and found bag manufacturer LOUIS VUITTON. He placed an order, transferring crypto currency to a smart contract. Having received information on Jack's order, the supplier formed a dispatch immediately 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 fake ones. This is because in the Elementh network each manufacturer can track the movement of goods and if several owners of the same serial number for one product appear, it means counterfeit, and its origin is very easy to track and take necessary measures to notify customers about its existence.

Customer perspective

Steve has long been using applications to find 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 an order, sending money to a smart contract. Steve has not been afraid to make purchases online and send money to an 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 at once. 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.

dapps

Decentralized marketplaces based on Elementh

Based on the Elementh's blockchain, any marketplace will be able to allow sellers to use the existing merchandise cards without creating new ones. Data on ownership of a product will allow you to avoid counterfeit products sold through the marketplace. Standardized merchandise cards will allow you to easily find the lowest price for any product. 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 for purchase of 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.

Store designer

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.

Fakes search

Data on all participants of the chain will allow to track the appearance of counterfeit products at any stage of ownership transfer.

Banking scoring

Access to data on all transactions of any participant in the system will allow instantaneous scoring of the seller, which makes it possible to build credit and overdraft systems by the banking institutions.

Different verticals

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.

mission

To make the e-commerce world better and simpler. To create a cornerstone standard to be used by the entire e-commerce market in both B2C and B2B sectors. To aggregate all prices for all goods in one place. To create the unified product classification standard and platform allowing quick setup and scaling of e-commerce projects.

partners

Not a single warrior is able to win a war on his own. That’s why we work with the e-commerce top companies and partner with them. For example, partnership of Elementh with SAP Hybris opens doors to the biggest retailers all over the world.

Engage, simplify and innovate

Electronic trading platform

Legal Partner

Blockchain rewards and loyalty platform

Bancor is a decentralized liquidity network

mvp

Here you can take a look at our MVP. It includes:

  • database with over 1M goods from several product categories;
  • product api in the format of search for products from our database;
  • product restful api which can be used by different e-commerce businesses: from online stores to marketplaces (in particular, api documentation is given, you can connect to product api right now);
  • you can take a look at a chain of transfer of ownership of a certain product;
  • any business can upload a price list into our system, all of the system participants will see it in the restful api.
MVP

contacts