ELEMENTH-Platform Designed For Decentralized Applications

About Elementh

Elementh is a platform designed for decentralized applications that target e-commerce. The primary goal of Elementh is to create systems that allow standard nomenclature for products, product ownership guarantees, product tracking, and false detection. The EEE Token will be used for transactions in the Elementh ecosystem.

Elemen

As an open source technology, protocol level, developers can use Elements to expand Bitcoin functionality and explore new applications from Blockchain.

Destination element

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.

Elements aims to convert a conventional loyalty / reward program into a Blockchain-based loyalty program.

History of e-commerce

Early e-commerce can be traced back to the 1960s, the American National Standards Institute developed the ASC X 12 as a universal standard for businesses to share documents over an electronic network. After the number of individual users became one with another to grow in the 1980s, in the 1990s reverse eBay and Amazon revolutionized the e-commerce industry. Consumers can buy goods online, from brick and mortar stores with e-commerce and to each other.

HOW "ELEMENT" WILL CHANGE LOYALTY INDUSTRY

Merchants can significantly reduce the cost of liability by mining Elements for FREE.

The single currency received by some traders provides benefits to the consumer. Furthermore, customers can exchange their Elements for fiat and cryptocurrency.

Product
There are several blockchain-related projects targeting eCommerce. There is a section of whitepaper that briefly discusses Elementh's competitors. It is stressed that Elementh is an infrastructure project that goes against specific products / applications. Elementh aims to set new nomenclature standards and implement their goods system. Thus, the target user base is widespread. The use case for Elementh reaches any online marketplace. It was stated that the purpose of the organization was "to create [a] integrated product classification standards and platforms that enable the setting and rapid scaling of e-commerce projects". The GitHub page is provided on the Elementh website and shows high activity and content. There are MVPs available through the GitHub website and pages. The GitHib page also contains a repository for the Elementh blockchain solution (stated that the status of "current code is alpha-quality"

About Blockchain
Since its first appearance, Blockchain comes by offering fast and secure online transactions and supports all types of data and cryptocurrency. In its development, Blockchain grew and pushed the revolution in the financial sector. According to Market data, Blockchain Market estimates will increase from year to year and will increase, in line with the banking revolution they make.

Blockchain technology is a transparent digital book of transactions and records that are immune to change or deletion. Offering additional properties of increased security, lower costs, time efficiency, and fault resistance, blockchain has increased, fluctuating in 2017. Blockchain technology utilities are unlimited, fueling an increasing list of companies, industries and governments to explore potential adoption .

Use of Blockchain

EEE is a token that meets ERC20. It is stated that DPoS will be used as a consensus protocol and that EOS forks are given priority with regards to blockchain solutions. Due to the large amount of data, Elementh stated that sharding will be applied to the platform and used. More content must be provided in connection with the use case and the value proposition of the EEE token.

FEATURES

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 new (eg, 0.01 EEE). The cardholder receives a gift for each owner using his business card, and also transacts using this card. Each participant in the system can complete the information in the existing card.

Sales Token

The total number of EEE tokens is 303 million (71.78% will be sold during ICO, 14.85% for the team, and 13.37% for partners and advisers). The token allocated to the team and the advisor has a 6 month vesting period. The allocation of funds is explained by a fairly high level of detail (50% for technological development, 35% for business development and marketing, 10% for reinvestment, and 5% for daily operations). Each item in the allocation fund table is accompanied by content that further details the costs involved. The soft cover is 10,000 ETH and the hard cap is 30,000 ETH, where 1 EEE = 0.0002 ETH. The token sale takes place on April 1, 2018

Company and Team

Elementh is a non-profit organization based in Singapore. The parent company, Miix, has been in operation since 2007. Teams of 9 people (and 4 advisors) are listed on the Elementh website, along with their profile pictures, short descriptions and links to social media profiles. A team skill set is focused on technologies that are against business development. There are individuals on the team who have professional blockchain-related experiences. One of the developers of blockchain is Hitbtc developer and three founders have professional experience with e-commerce.

Roadmap
The road map presented on the Elementh website from 2012 to 2019 and contains a low level of detail. The milestones achieved so far have focused primarily on the attainment of Mixx, the parent company of Elementh. A milestone related to platform development begins in June 2018, when an alpha version of the blockchain base layer is planned to be launched, followed by a layer of abstraction in August 2018. Wallets and blockchain explorers are planned to be released in December 2018 and API in February 2019. On March 2019, Masternodes and DAPPs are due for release.

For more information about ELEMENTH you can visit our official website and our social media below:

WEB: https://elementh.io/
WHITEPAPER: https://github.com/ElementhFoundation/Documentation
TELEGRAM: https://t.me/elementh_community
TWITTER: https://twitter.com/Ahooleeman
FACEBOOK: https://www.facebook.com/Elementh-1371154296341075/

Author: STEANO

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=939773

ETH: 0x600551EA1C7fE83F9f63254B3b054DcAe9cC2251