E-Commerce was first introduced in 1994 when first banner-electronic were worn for purposes of promotion and advertising at a web-page. According to Forrester Research, electronic commerce generate sales for us $12.1 billion in 2003. According to another report in December 2006, online retail revenue is a non-travel in the United States predicted will reach a quarter trillion dollars worth of US in 2011.
At first when the web started well-known in society in 1994, many journalists predict that e-commerce will become a new economic sector. However, just about four years later, in year 2000 's America and Europe had already started its business mengenmbangkan to the online world.
The Benefits Of E-Commerce:
- New revenue streams
- Market exposure, expands reach
- Lowering costs
- Shortening product cycle time
- Improve customer loyality
- Increase the value chain
The Development Of E-Commerce
Data from the internet at www.worldstats.com, in the last ten years the number of internet users in the world is increasing dramatically, from 0.4% of users around the world, are now rising almost 60 times in the year 2008. Year 2008 1.565 billion internet users or of 23.3% of the population in the world. Of the 1.5 billion internet users today, 41% are in Asia, and then overtaken Europe 25% followed by North America 16% and Africa to the level of the world's smallest internet users only 5.6%.
The magnitude of the internet users in Asia is very reasonable considering the amount of population in Asia more than 55% of the world population or of 3.7 billion out of a total world population of 6.7 billion people. While the percentage of the largest penetration of internet users to the total population of the world is still held by countries in the region to North America reached 73.1% whereas the penetration of internet users in Asia recently reached 17.2%.
Problems in e-Commerce
Initially, the American system of UPC was developed, which carries 12 digits for the code stuff and became so popular that the countries of Europe focused on the moment. However, the entire range of code already coded in the U.S. and Canada, while goods and companies registered in the United States. Encoding EAN 13 European developers are facing serious challenges, i.e. adapting the code and set up self-registration for USA system to ensure maximum compatibility with UPC coding. The main code is automatically created for the merchandise produced by a large number of companies, so that the internal problems of content for regulatory and standardization is very important. The same goods from different manufacturers must have a different code. They are as follows:
- Digits to the prefix
- Digits for the manufacturer's code
- Number for item code
Because some of the data situation, where some of the items have the same barcode. Finally, the barcode that is often not entered into the ERP systems wholesale, and each participant in the chain of sales using its own unique items for different types of goods.
From the data above, it seem that e-commerce continues to expand in the world and the problems that continue to appear. This makes it one of the companies trying to make a breakthrough for the field of e-commerce by using blockchain technology. Elementh try to make it come true, that is by using the blockchain technology for E-Commerce. For more details about the Elementh, please read the article below.
Introducing ELEMENTH
Elementh is a decentralized application with blockchain technology for use in e-commerce. Elementh made this application with the intention of providing nomenclature standard quality, guarantee the ownership of certain products and the ability to make smart contract specifically for e-commerce. It can be reached by a element by creating a blockchain with a Turing-complete programming language built-in, allows anyone to write applications and intelligent decentralized contracts, allows the use of integrated products, card e-commerce transactions and transfers of ownership. Elementh is the solution to solve the problem in the modern world of e-commerce.
The system of Goods
Along with the token system, Elementh system, which can also be used in a large number of applications, such as tracking the movement of specific items from the creation of the current owner, original goods track and detect counterfeit goods. Unlike the token system, system stuff also provides the ability for the "problem" of certain products at a particular address, showing all the possible items of data (such as name, manufacturer, bar codes, etc.). And if identical goods already present in the blockchain, the Publisher will receive a message about it, and he will have a chance to show how many items the stuff he wants to "problems".
If the item has a serial number, it is possible to determine when the transfer operation is being performed. To provide protection against data forging, only on the hash of the serial number is still in the system, therefore only the initial number of people know has the ability to make transactions apply. In the absence of serial numbers when this "publishing" of goods, the system generates a random and the holder can use it to identify the particular item of goods by printing the QR code on the package, write it in an RFID tag or by other means comfortable.
Unified Nomenclature of Goods
One of the key features of Elementh is the Union of the nomenclature of goods. To ensure that the merchandise card are as complete and accurate as possible, and to reduce the possibility of duplicate cards, the cost of creating and using the card will be different. To create a merchandise card participants will have to pay, for example, 1 EEE (price will be determined by voting delegates). At this time when the owner adds items into the system, it is offered to use their existing cards or create new ones. The use of an existing card costs 100 times less than the creation of new ones (for example, 0.01 EEE). Cardholders receive a gift for every owner of the goods using his card, as well as to conduct transactions using this card. Each participant in the system can complement existing information cards and cardholders can accept or reject the proposed changes.
The originality of Goods
Goods within the system that exists in one copy and if an item with the same serial number is added to the system, any buyer can tell dApp that the origin of the goods is unknown. If the chain of ownership comes from the manufacturer, the confirmation of the authenticity of the goods will come out through the entire network.
Transactions and messages
Action on Elementh blockchain is called a transaction. The simplest transaction is the transfer of EEE token between account and define the ownership of the goods. Transactions can include structured messages to recipients. Account can specify a script to handle the messages when they are received. The combination of messages and automatic script is smart in the contract subsystem Elementh.
DPOS Protocols
According to the concept of decentralized autonomous DAC enterprises, decentralization means that every shareholder have the influence proportional to its number of shares and that the decision taken by a vote of 51% shareholder of irreversible and mandatory. The challenge is how to achieve 51% of the agreed threshold in a timely and efficient manner.
To achieve this goal, every shareholder can delegate the right of pilihnya to the delegation. 100 delegates with the largest number of votes is delegated generate blocks in accordance with a specific schedule. Delegates each time frame allotted for the production block. If he does not produce a block, then their turn is skipped and the next delegation produces blocks according to the list. All delegates receive a payment equal to 10% of the size of the average transaction commissions. If the central block contains the cost of 100 shares, the delegation will receive 1 shares as payment.
It is possible that the delay in the network can lead to the fact that some delegations would not be able to produce their blocks in a timely manner, and this will cause the break-up of the chain block. However, in practice this is unlikely to happen, because a delegate can make direct connections with other delegates segerea before and follow him in chains. With this model, the new block to be produced every 10-30 seconds and under normal network conditions, the split chain block is not possible or be fixed in a few minutes.
Application Elementh
- Decentralized marketplaces based on Elementh
Based on the blockchain Elementh in any market allows traders to be able to use the existing merchandise card without creating new ones. Data on the ownership of the product will allow you to get rid of the fake products are sold through the market. Unified merchandise card will allow you to easily find the lowest price for each product. At the same time, it became possible to pay using money crypto.
- Tracking the movement of goods
Complete producer-distributor-Sellers-buyers network, stored in Elementh blockchain, will make it possible to find a supplier for any number of products, up to a direct order from the manufacturer. We see it as the future of e-commerce.
- Search for items based on geolocation
Seller information is available at Elementh blockchain allows you to find the most convenient places to purchase the item.
- Decentralized sending of messages
The ability to send messages allow you to contact directly with any of the participants in the transaction. This will allow the system settings of the Exchange, bidding, purchasing conditions get individuals and so on.
- Store designer
Have all the data needed to create a store, the system allows you to create individual displays the decentralization to the vendors in the system.
- Fake Search
Data on all participants of the chain will allow to track the emergence of counterfeit products at each stage of a transfer of ownership of the goods.
- Banking scoring
Access to data on all transactions of any participant of the system will allow print Seller instantly, allowing to build the system of credit and overdraft by banking institutions.
- Different verticals
Elementh blockchain can be used by service providers, for example, hotels or airlines with tickets, coupons or vouchers to store information and keep track of the ownership of the Agency.
Product of Elementh
The project Elementh has evolved from a Miiix product is being developed since 2012. When elementh memukan Miiix is a fully working on business in Russia that has investment from RSV Venture Partners and business angels and solid partnerships, for example, with Sberbank AST and SAP Hybris 200 + online stores small and medium enterprises and the market.
Miiix has several awards, such as:
- Winner of Startup of the Year 2013 from Higher School of Economics
- Winner of IT-startup Eurasia
- Winner of CloudsNN
- 2nd place of StartupCup
- Finalist of Bootcamp Ventures Innovation Xchange (iX), Tel Aviv
- Finalist of WebReady
- Finalist of MABA
- Finalist of VC Day Ingria
- Finalist of Zvorykin Prize
- Semifinalist of Startup World Barcelona
- Demifinalist of Mind the Bridge Trenro, Italy
Token Elementh (EEE)
Elementh blockchain has a built-in currency themselves, elementh (EEE), which is used for all operations in the Elementh blockchain, for example, payment transaction fees.
Token and ICO information: EEE, ERC-20 standard
Total supply: 303 000 000 EEE
Token distribution:
217 500 000 (71,78%) EEE - purchasers
45 000 000 (14,85%) EEE - team
40 500 000 (13,37%) EEE - partners and advisors
ICO
Private Pre-Sale start date: 15 January 2018 00:00 UTC
Private Pre-Sale end date: 31 January 2018 23:59 UTC
Private Pre-Sale soft cap: -
Private Pre-Sale hard cap: 1 500 ETH
Private Pre-Sale price: 1 EEE = 0.0001 ETH
Private Pre-Sale bonuses scheme: 50% Tokens
Pre-ICO start date: 1 February 2018 00:00 UTC
Pre-ICO end date: 14 February 2018 23:59 UTC
Pre-ICO soft cap: -
Pre-ICO hard cap: 1 500 ETH minus received in Private Pre-Sale stage
Pre-ICO price: 1 EEE = 0.0001 ETH
Pre-ICO bonus scheme: 1st day: 30% Tokens, 2nd day: 15% Tokens
ICO start date: 1 April 2018 00:00 UTC
ICO end date: 30 April 2018 23:59 UTC
ICO soft cap: 10 000 ETH
ICO hard cap: 30 000 ETH
ICO price: 1 EEE = 0.0002 ETH
ICO bonus scheme: 1st day: 30% Tokens, 2nd day: 15% Tokens
Market
The year 2016, the retail e-commerce sales global reach $1,915 trillion. They are expected to be increased to $4,058 trillion. The largest market in the world is the Amazon. Income exceeding $125 billion in 2016. Elementh Blockchain can be used by the world's online marketplace and store for standard system and their nomenclature. E-commerce is a thriving market in all countries and the popularity of decentralized market is an advantage for the Elementh Foundation. If we are going to partner with all the new markets, our blockchain can be a standard in the e-commerce market. Are you a small business owner? Are you tired of wasting those precious hours doing your inventory? Are you interested to open an online store? Then stay for a moment and listen to friends, because Elementh may have what you need to make your business go up to the next level! Elementh will help you to optimize the way you run your business no matter whether it is a small business or a large business, everyone can use Elementh to their advantage.
Team
Sergey Ryabov, CEO
Since 2001, he has been creating online projects. Creating and launching a number of projects, including the online context ads system, domain registrar, start-up and recommendation web studio. All these products have been successfully sold to partners and other large companies. After that, some online shops, Prestigewheels and Sportmanya were launched, of which the founder is facing the problem of actuality surplus and solved it by creating a service project Miiix.
He sold the store and focus on project Miiix. The project received Startup Award in 2013 in Russia and still nothing. In 2017, the project is integrated with SAP Hybris to use algorithms for product in the global market of the large retailers. The year 2016, along with Dmitry Kostygin, the main shareholder of Ulmart, it creates a platform to sell surplus liquid not retailer – Smallhorse.
Dmitriy Bereznitskiy, CTO
Technical Director and a partner in the projects Miiix and Smallhorse. Since 2006, he has developed a system affiliate store to attract traffic to major markets such as the Amazon. Experience in commercial web development for more than 15 years of experience in e-commerce for more than 10 years. Manage development teams for over 7 years. Methodology Agile evangelist, Lean Startup and the theory of constraints.
Vitaliy Mengeshev, COO
The Executive Director and a partner in the project Miiix and Smallhorse. One of the lecturers in the acceleration program and elections IdealMachine startup. From 2002-2012, he created and actively develops its own brand of clothing. Starting in 2013, he joined the Miiix team and take over the operational management and business development.
Aleksandr Vasilev, Data scientist
Alexander has extensive experience in developing systems for data analysis and predictive analysis in areas such as insurance, banking and e-commerce. In the company, Alexander managed to solve the problem of matching products from a variety of data sources using the world's latest developments in the field of machine learning.
Sergey Morozov, the Backend developer
Sergey has over 7 years of experience in development. Architect and database administrator system of various types. Experience in building highly loaded systems. Participate in the development of a SAAS service for 800 k + users. He was involved in the development of a large number of systems for data processing: from copywriter to work the system for financial accounting system. A longtime fan of blockchain technology.
Eugene Prigornitskiy, Backend developer
10 years of commercial development. Participate in the development of payment systems, ERP, mobile applications (iOS, Android, Windows Phone). Experience in building highly loaded systems real-time. Has extensive experience in the development of the database.
Roman Travnikov, Frontend developer
More than 6 years of commercial development. A rich list of implemented projects: from corporate sites, portals, services, State companies and major banks. Half of the last year have been working on Miiix and SmallHorse. Using technology in the development of advanced services for maximum performance.
Sergey Miheev, System Administration
Begin working with crypto-currency and blockchain in 2016. Before that, Sergey worked as technical experts on implementation and support of ERP and database production site is great.
Peter Gashnitsky, UX/UI Designer
Experienced Web and graphic designer and Illustrator. His statement was the talk «projects that clean, clean design» a lot and attracted many. Prefer coffee.
Alexander Kholodnykh, Backend developer
Specializing in web crawling, process automation, server tasks are solved. As a member of the team responsible for looking for the development of the spider and find the information about goods
Advisors
Naveen Yannam, Tech advisor and early contributor
Naveen has a certified 5 Core and Hybris Commerce Developer. He has extensive experience in using the various frameworks and libraries to implement application class company. He is also a proponent of Agile methodologies and sharp has managed to do agile techniques into projects that he was involved. Naveen feel comfortable in working as technical lead Hybris, ideally within a project team that developed the e-commerce system for large-scale rehearse with continuous integration and delivery methodology.
Proorocu Aurel George, Marketing advisor
Aurel on 2016 one Financial Times "100 faces of innovation" because of his contribution in the development of the Internet market in Romania. He has over 14 years experience in IT and Digital marketing field, working for companies such as Google Enterprise, Orange and Keyence. Aurel is also the youngest graduates of the Executive MBA program Telecom Ecole de management in Paris (Institut Telecom is mine).
Michael Averbach, Financial advisor
20 + years in the it business, serial entrepreneur, investor. Key expertise: the formation of business strategy, marketing and sales structures, creation of mobile applications and mobile devices, electronic commerce and software companies, as well as the management of the software development process. Co-founded Ectaco, Inc., (USA) – a leading developer of electronic translators and linguistic solutions, which is managing the sales network, consisting of 13 foreign sales offices and scores of independent distributors around the world. Is the founder of MobiDealer, Inc., (USA), where the successful creation of the distributed ERP system software packages. After the successful launch of the system, the company was sold to a strategic investor. Jointly established DynoPlex, Inc, (USA). Grow the company from the ground up one of the largest developers of mobile applications. Managed to sell the company and transferred to manage offshore development to buyers, Quickoffice, Inc. (USA), which manages two offshore Center for mobile application development, totalling 140 engineers. The company was later sold to Google in 2012. After the sale, the Fund business starts Quickoffice RSV Venture Partners and serves as the managing partner of iDealMachine-startup accelerator, which invest in companies at a very early stage.
Sergey Fradkov, Legal advisor
Sergey Fradkov is a software visionary and experienced investors with extensive technical and business background. Mr. Fradkov is the founder of iDealMachine-early stage Venture Fund and startup accelerator operating in St. Petersburg, Russia and is currently being expanded nationally and internationally. Previously, Mr. Fradkov is the founder of several high-tech startups. His attempt at booking, DynoPlex, sold to a competitor, Quickoffice, in 2008 and Quickoffice itself was acquired by Google in 2012. Prior to that Mr. Fradkov founded the w-trade, Wireless applications company pioneer, where he raised more than $40Mln and build products that are sold to large financial institutions like Merrill Lynch, Morgan Stanley, fidelity and others. Overall, he has more than 25 years of experience developing and designing distributed, wireless and e-commerce systems and managing the product development team. Mr. Fradkov graduated from the University of Jerusalem.
Why Believe In Elementh?
For your consideration to invest here, the company was founded in the year 2012, growing from the newly founded company Miiix. At that time, the Elementh and the team behind it gained a number of awards. In total, they won four awards, finalist in five and semi-finalists at the two events are related. They also partnered with SAP Hybris, Sberbank-AST, GMT-Legal, Foxico, and BitRewards. And speaking of Foxico, they are rated Elementh with nice comments, such as IcoMarks, WiserICO, TrackICO, and FoundIco.
In addition, team members and advisors certainly should also be a consideration for you. Each Member is a veteran in their field, mostly working on other projects together, like Miix and SmallHorse. But if you are still in doubt, their main page has a section of user reviews, and naturally-most of them gave a positive comment.
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Author : Yosibrs
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1346857
Ethereum Wallet : 0x4352bB36E273c7d8EcaaA29678Fe9b0293Ed153F
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1346857
Ethereum Wallet : 0x4352bB36E273c7d8EcaaA29678Fe9b0293Ed153F
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