Elementh

Elementh

Elementh

Elementh is a blockchain for e-commerce, which is a register of ownership of goods with the ability to write specialized smart contracts.

Information

ICO Time:
15.01.2018 - 14.02.2018
Ended
Platform:
Ethereum
Restrictions:
Website:
https://elementh.io
Social networks:

Team

Sergey Ryabov
- CEO
Dmitriy Bereznitskiy
- CTO
Vitaliy Mengeshev
- CCO
Aleksandr Vasilev
- Data Scientist
Sergey Morozov
- Backend Developer
Eugene Prigornitskiy
- Backend Developer
Roman Travnikov
- Frontend Developer
Sergey Miheev
- System Administrator
Peter Gashitsky
- UX/UI Designer
Alexander Kholodnykh
- Backend Developer

Advisors

Michael Averbach
 
Sergey Fradkov
 

Description

Along with the system of tokens, 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 item's 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". If an item has a serial number, it is possible to specify it when the transfer operation is being performed. To provide protection against data forging, only the hash of the serial number is fixed in the system, therefore only the person who knows the initial number has the ability to make a valid transaction. In the absence of a serial number at the moment of "issuing" goods, the system generates it randomly and the holder is able to use it to identify a particular item of goods by printing out the QR code on the package, writing it in an RFID tag or in any other convenient way.

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.

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