ELEMENTH

Mei 01, 2018

Based on the existing Internet platform Miiix, which has been operating since 2012 and among numerous customers, is serviced by Sberbank.

So, in more detail. At the moment, the company Miiix has a wide range of assortments of all sorts of products and aims to create the maximum complete structured product catalog. Thus, the company serves a variety of online stores, marketplaces, suppliers and customers, providing a variety of services, from filling and upgrading sites, product catalogs and ending with the expansion of sales channels, competitor analysis and procurement optimization. However, not stopping at the success, the team decided to bring the project to a new level.

Block Elementh

Thus, the team decided to provide additional convenience in the field of Internet business, creating for this purpose a special block system - Elementh with a built-in Turing-complete programming language. The given system will allow not only to fix and quickly and safely execute various transactions between buyers and sellers, but also to register the property rights of the goods. This can be achieved by creating decentralized applications for trading on the Internet and providing a standardized product range, the ability to perform special smart contracts.

An example of working with Elementh

Let's say you have a small store, but you never sold it on the Internet. You decided to try using Elementh. With the help of a special application for sellers, the setup of the store took a few minutes. The application connected to the accounting program recognized the product and linked it to a single nomenclature, providing product cards with its full description. Information about the availability of goods in your store is available to all members of the network. The buyer, after seeing the right product, orders it from you, you receive an order notification. Money from the buyer's balance is removed by a smart contract. You send the order, and as soon as the buyer receives it, the payment comes to you on the account.

Suppose you decide to expand your product range and purchase another product from a branded manufacturer. Using the b2b application (business to business), you order the goods through the Elementh system. Anyone can see that the product is purchased from the brand itself and is the original.

The use of the blockade Elementh

purchase and sale of goods through smart contracts and tokens Elementh

Base for various marketplace. This will allow using existing product cards, avoid forging, will allow you to pay any crypto currency.

tracking of the goods in the chain: producer-distributor-seller-buyer. This will determine the most profitable seller, depending on the number of products purchased.

the ability to determine the geolocation of goods and find the closest seller.

decentralized messages. They allow you to directly communicate with any user in the transaction, providing the possibility of exchange systems, auctions, personal terms of purchase, etc.

the possibility of creating in the system a personal decentralized show room

the ability to track and appear counterfeit goods on the entire chain from the manufacturer to the buyer.

Base with a rating of sellers and an opportunity to evaluate the seller.

EEE and Crowdsdale (sale)

The Elementh blocker will have its own crypto currency - Elementh (EEE), which will perform all the actions inside the blockroom. These tokens are created on the basis of Ethereum according to the ERC20 token, and can be stored in any electronic purse that supports ERC20 tokens (Mist, MyEtherWallet).