E-commerce
E-commerce is a transaction of buying or selling online. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online, since the invest of blocking technology, people have been trying to link it to commerce, Amajorly in two forms decentralized marketplaces, such as Syscoin, Particl, etc and system payment with cryptocurrencies in store such as TenX, Plutus, and others. While in the other stage it is basically, a replacement paypal and decentralized marketplaces try to combine blockchain and e-commerce.
Some E-commerce problem
Originally, the American UPC system was developed, carrying 12 digits for the encoding goods and it gained such popularity that European countries focused on it. However, the whole range of codes was already involved in encoding goods of the USA and Canada while the goods and firms were officially registered in the USA. The developers of the European encoding EAN-13 faced a serious task — to adjust the codes and arrange a self registration for the USA system making sure that maximum compatibility with UPC encoding. This primary code was created for automatic trade goods produced by a big number of enterprises, so the problem of inner content was much important for regulation and standardization. In its turn, same goods by different manufacturers, also had to have a different coding. They are as follows:
digit for the prefix;
digits for the manufacturer’s code;
Digits for the item of goods code.
Due to some data situation where some goods have same barcodes or items not uncommon
Finally, barcodes are often not entered in the ERP system of wholesale companies, and each participant in the sales chain uses his own unique articles for different types of goods.
System of Goods
Alongside with the system tokens, elementh system of goods that can be used in a big number of applications, tracking the movement of a particular item creating detecting counterfeit goods.
Transactions and messages
Any action in the Elementh blockchain is called transaction. The easy way of transaction is the EEE token between account and define ownership goods. The message of combination of automated script in a subsystem elementh contract.
Reward for the Block
Blockchain which uses Elementh software will be awarded with a block manufacturer any time the unit is created.
The System of Tokens
In order to better know what system token is, imagine a database with one operation and a necessary to implementation of a smart contract with above logic.
Conclusion
The Elementh protocol was originally conceived as an enhanced version of the crypto currency, providing advanced functions for e-commerce such as ownership of the product, financial contracts, etc. The Elementh protocol will not support any of the applications directly, but the presence of the Turing-complete programming language means that theoretically arbitrary contracts will be created for any type of transactions and applications. Even more interesting is that Elementh protocol has gone much further than the usual crypto-currency. The protocol that can be used to create decentralized marketplaces, identify counterfeit products, and much more, has a huge potential to significantly improve the efficiency of the e-commerce industry and can give a huge boost to the development of other peer-to-peer protocols by adding the first economic layer.
FOR Further Information Visit
Official Website: https://elementh.io/
Whitepaper: https://github.com/ElementhFoundation/Documentation/blob/master/ElementhWhitepaperEN.md
ANN Thread: https://bitcointalk.org/index.php?topic=2590603.new#new
Official Facebook Page: https://www.facebook.com/Elementh-1371154296341075/
Official Twitter Page: https://twitter.com/Ahooleeman
Official Telegram Channel: https://t.me/elementh_community
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Luckyji
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ETH Wallet: 0xD12a18C8ec1E5A54E0D91f831c525C42d7eb3D38