What is Elementh?
Elementh is a blockchain designed for the e-commerce sector. It represents a register of "ownership of goods", which has the ability to write specialized smart contracts and use the nomenclature standard to quickly create various decentralized and centralized applications.
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. 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.
from statista.comIn 2016, the global retail e-commerce sales amounted to $1.915 trillion. They are expected to increase to $ 4.058 trillion.
from statista.comThe largest marketplace in the world is Amazon. Its revenue exceeded $125 billion in 2016.
from statista.comThe largest holding company in China is Alibaba Group. Elementh Blockchain can be used by any marketplace and online store in the world for nomenclature standard and their system of goods. Ecommerce is a growing market in all countries and the popularity of decentralized marketplaces is a benefit for Elementh Foundation. If we'll partner with all new marketplaces, our blockchain can become a standard in ecommerce market.