Here, we have a blockchain project gearing up for second round of ICO. This is ablockchain designed for ecommerce market. The ecommerce market emerged on internet in the 90’s. It was formed with lot of local players, who were a mix of small, medium sized and large businesses. Nonetheless, all of them faced similar set of challenges. The first challenge was about the opacity of the product origin. Buyers can never be sure the products they purchase online are not fakes. Second challenge from buyer’s side was lack of means to find the exact same product from several stores. When the products originate from different countries, it makes the challenge a whole lot bigger.
The problem stores had was to write product descriptions right from scratch. The exact same product had different information across stores. The product codes, attributes and the labels tend to vary. This made it impossible to compare them. With the emergence of blockchain, this is a problem waiting to be solved. This is where Elementh provides complete solution. The standardized items are stocked in IPFS, along with its attributes and product images. The blockchain stores the ownership information of items. It does all this in real time seamlessly. The solution helps in tracking ownership of every single product, given they are presented in the system.
Elementh doesn’t just stop with tracking ownership of product. People can look into transfer of ownership of products. You can track it all the way from manufacturer to current owner. This is a completely transparent supply chain system. This way fakes can easily be identified and avoided. The company behind Elementh was started in 2007, when they worked with several online stores. They also released the MIIX project in 2012, which extensively used Artificial Intelligence and Machine Learning algorithms.
More than 200 online stores benefited from MIIX project. They project had SAP Hybris and SBERBANK as partners. A decade old team is transferring their data assets to IPFS right now. You have the chance to be a part of the transition and to be a part of their team. Elementh foundation will generate revenues from its dApps that operate on top of the platform. The project has some realizable tall ambitions. THye believe even the ecommerce giants will be one of the customers in the nearest future. They are confident about creating a win-win situation for the giants too.
ICO details:
The tokens have really fancy name in EEE ticker. The presale is already over. The public sale starts on 1st April 2018. It will last for a month or till hard cap is reached. The hard cap for public ICO is 30,000 ETH which is twice the hard cap of presale. The tokens allocated for ICO is 195 million EEE tokens which is more than 8 times to that of presale. You can join Air Drop and Bounty as well. Price per EEE token is 0.0002 ETH. First day and second day of ICO offers 30% and 15% discounts respectively.
Important Links:
Please find the important links related to the project below and stay updated:
Website: https://elementh.io/
Whitepaper: https://github.com/ElementhFoundation/Documentation/blob/master/ElementhWhitepaperEN.md
Twitter: https://twitter.com/Ahooleeman
Facebook: https://www.facebook.com/Elementh-1371154296341075/
Telegram: https://t.me/elementh_community
Reddit: https://www.reddit.com/r/Elementh
Kind Regards!
