It employs blockchain to create the first e-commerce infrastructure where sellers and customers become interconnected. Just as Ethereum for ICO, Elementh is going to become infrastructure for e-commerce - a standard which makes interaction easier and more efficient.
Elementh's goal is to create a unified product classification standard and platform that allows for the quick setup and scaling of e-commerce projects. Elementh will achieve this by creating a blockchain with a built-in Turing-complete programming language. It will allow anyone to write smart contracts and decentralized applications. Also, it will enable the usage of unified product cards, e-commerce transactions and transfer of ownership.
To achieve this goal, Elementh will virtually digitize all goods by creating a product card and unique ID for each product.
The Elementh Foundation opens a new era of e-commerce, making global trading clearer and more convenient for all participants of the market. It employs blockchain to create the first e-commerce infrastructure where sellers and customers become interconnected. Just as Ethereum for ICO, Elementh is going to become infrastructure for e-commerce - a standard which makes interaction easier and more efficient. Elementh's goal is to create a unified product classification standard and platform that allows for the quick setup and scaling of e-commerce projects. Elementh will achieve this by creating a blockchain with a built-in Turing-complete programming language. It will allow anyone to write smart contracts and decentralized applications. Also, it will enable the usage of unified product cards, e-commerce transactions and transfer of ownership. To achieve this goal, Elementh will virtually digitize all goods by creating a product card and unique ID for each product. About section to: Elementh is a blockchain infrastructure 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 Elementh blockchain. Trustless and decentralized nature of the Elementh blockchain allows buyers to find the best deal and sellers to sell quicker. Elementh’s vision is to create a completely transparent, trusted ecosystem for the e-commerce market, which is built on the blockchain principle: self-regulated and easily scalable.
This is how the Elementh team sees the future of the e-commerce market:
* Unified product classification standard used worldwide with unique codes for each product item.
* Completely transparent system of market transactions.
* Each participant of the system can completely trust other participants. Value contributed by each participant leaps into a new quality. At that, high-level service rendered by the participants is of greater importance than possession of exclusive information.
* All market participants make their own contribution to the system development and receive rewards for this contribution.
* Blockchain technology works not only as a database, it also becomes the basis of business processes of companies. * The whole market is an open transparent database permanently enlarged by an inflow of new participants, with high speed of any transactions inside the system.
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Investments from RSV Venture Partners and business angels
3
2014
Number of product categories is 1000
4
2016
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 largest portals in the field of e-commerce (Sberbank AST)
5
2017
The transition to the blockchain technology with introduction of opensource project Elementh
6
January 2018
Pre-SALE (15.01 - 31.01): Only whitelist; Min. 10ETH or 1BTC; Max. 100 purchasers.
7
February 2018
Pre-ICO (01.02 - 14.02): 1EEE = 0.0001ETH; Min. 1ETH or 0.1BTC; Max. 1000 purchasers.
