pantailosari: ELEMENTH - Blockchain Designed For The E-Commerce Sector

Elementh is creating alternative protocols for decentralized application development used by e-commerce, providing standardized quality nomenclature, ensuring ownership of certain products and the ability to create smart contracts specifically for e-commerce.

Elementh https://elementh.io will achieve it by creating blockchain with the Turing-complete built-in programming language, enabling anyone to write smart contracts and decentralized apps, enabling the use of integrated product cards, e-commerce transactions and ownership transfers.

Along with the token system, Elementh has a goods system, which can also be used in a large number of applications, such as tracking the movement of certain goods from its creation to the current owner, tracing the goods genuine and detecting counterfeit goods. . Unlike the token system, the goods system also provides the ability to "issue" certain products at a particular address, which shows all possible item data (such as name, manufacturer, barcode, etc.). And if an identical item is already in the blockchain, the publisher will receive a message about it, and he will have a chance to show him how many items he wants to "show".

If an item has a serial number, you can specify when the transfer operation is performed. To provide protection against forging data, only the hash of the serial number specified in the system, therefore only the person who knows the initial number that has the ability to perform a valid transaction. In the absence of a serial number at the time the item "pulls out", the system generates it randomly and the holder can use it to identify a particular item by printing the QR code on its packaging, writing it in RFID Tags or in other easy ways.

Any action on the Elementh blockade is called a transaction. The simplest transaction is the transfer of EEE value between accounts and determining the ownership of the goods. Transactions may include structured messages for recipients. Accounts can specify scripts to handle messages when messages are received. The combination of messages and automated scripts is a smart contract subsystem in Elementh.

Transactions in the chain of blocks must be secure, unambiguous and irreversible, and done as quickly as possible to facilitate system reliability and decentralization. In practice, difficulties arise in two different aspects of this process: selecting a unique node for block production and making the record irreversible.

Elementh Blockchain can be used by the world's online markets and stores for their nomenclature standards and goods systems. E-commerce is a growing market in all countries and the popularity of a decentralized market is a boon for the Elementh Foundation. If we are going to partner with all new markets, our blockchain can be standard in the e-commerce market.