Elementh has absorbed the best achievements of recent years in the field of Blockchain, aiming at solving the problems of the modern world of e-commerce. Elementh is a Blockchain designed for the e-commerce sector. Elementh is the name of a Blockchain company which offers solutions for e-commerce business. The main idea of Elementh is to offer a Blockchain register of ownership of goods and the ability to use smart contracts to sell them. This will enable the company to use Blockchain technology to improve their businesses. The company also offers the ability to create several decentralized and centralized applications to be developed by third-parties and used by the e-commerce companies. Elementh's goal is to create an alternative protocol for the development of decentralized applications used by e-commerce, providing a standard quality nomenclature, guaranteeing ownership of a particular product and the ability to create specialized smart contracts for e-commerce.https://elementh.io. Elementh will achieve this by creating a Blockchain with a built-in Turing-complete programming language, allowing everyone to write smart contracts and decentralized applications, enabling the use of unified product cards, e-commerce transactions and the transfer of ownership. Elementh will use the Blockchain technology to organize the existence and register of the goods and to make sure that the users and the sellers will both work together. The customer will be able to pay using a smart contract and can easily have his money back if the product never arrives (because the Blockchain can track the product and verify whether it was delivered or not). 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 items’ 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. 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 the originality of the goods will be throughout the entire network. Account is one of the basic objects in Elementh; it is used as identity of participants of the network. Each account has: account balance of the internal currency EEE; information about ownership of goods. To store goods data, such as specifications, photos, EAN codes, serial numbers, and others, Elementh uses the IPFS protocol. IPFS (the Inter Planetary File System) is a content-addressable, peer-to-peer, hypermedia communication protocol. IPFS allows you to create fully distributed applications. It is aimed at making the World Wide Web faster, safer, and more open. There are two types of applications built on top of Elementh. The first category is financial applications that provide users with great opportunities to manage and participate in contracts using cash, including buying and selling products and content online and offline, as well as tokens built on the Elementh software. The second category is non-financial applications, such as identifying fake or counterfeit goods in the supply chain, etc. Elementh Blockchain has its own built-in currency, elementh (EEE), which is used for all operations inside the Elementh Blockchain, for example, payment of transaction fees. The tokens are ticked as EEE and they are following the ERC20 token standard. The main token sale of Elementh platform will start on the 1st of April 2018 at 00:00 UTC and it will end on the 30th of April, 2018 at 23:59 UTC. 1 EEE will be equivalent to 0.0002 ETH. During the ICO any token sale on the 1st day will attract 30% Tokens bonus, while 2nd day will attract 15% Tokens bonus. The only currency that will be accepted during the token sale is ETH. One of the road map of the platform is the launch of the alpha version of Elementh Blockchain in June, 2018.
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