Exclusive interview. Elementh - a blockchain infrastructure designed for e-commerce market

Exclusive interview. Elementh - a blockchain infrastructure designed for e-commerce market
Sep 3, 2018 by Rico Wise

BASE.INFO team has interviewed Lyibov Bruk the PR manager of Elementh project. We have asked the most topical questions to get acquainted with the project and to learn the future plans of the Elementh team.

Please welcome, Lyibov Bruk.

Please describe your company/project in 2 sentences.

Elementh provides all participants of e-commerce with real-time and historical data on stock inventory and price. It also allows to create various applications based on the Elementh blockchain.

Why did you decide that blockchain should be the basis of your project?

It employs blockchain to create the first e-commerce infrastructure where sellers and customers become interconnected.

Why did you launch the ICO? Was it the only option to collect the funds?

The Elementh Foundation financial assets consist of the initial funding received during the ICO, the fee from all operations in the Elementh blockchain and digital asset income. The Elementh Foundation's funds are predominantly spent on daily operations, technology and business development, and reinvestment.

Briefly describe your team. Why these people became the engine of your project?

Team of the project consist of 17 members three of which are founders, they have been working together for years,which is a bright spot of the project. Founders have great experience in the field of e-commerce which is the target field of Elementh project, earlier, they had also developed a platform for vending unsaleable stocks from retailers and some other products.

What are the main centerpiece and the highlight of your project? What will attract the investors' attention?

We offer an environment where such data are available for operating by all participants of the global market. In this way, an open decentralized database with actual and historical information on all goods worldwide is being created. To avoid excessive multiple cards of the same goods, a unified classification of products is applied.

What are your thoughts about ICO marketing? Can it be really effective due to all the restrictions and other phenomenas?

Yes, it can be effective.

Why is your project better than your competitors?

Elementh is an infrastructure-building project and can be used by different marketplaces and platforms. Another important advantage of the Elementh team is the significant experience it has gained working both in the B2B e-commerce market since 2012 and with real customers.

Different marketplaces can be also considered to be competing with the Elementh project because they can be developed without Elementh, yet still operate in the same market. It is very important for the Elementh team to become partners with all current decentralized marketplaces that are already in existence or soon will be.

The main advantages of Elementh:

- saleschain;

- unified product classification (including product-matching algorithms);

- real-time and historical data on stock inventory and price;

- multi-industry orientation;

- working business.

Elementh provides everyone in the e-commerce market with real-time and historical data on stock inventory and price. It also allows users to create decentralized and centralized applications based on the Elementh blockchain. The decentralized nature of the Elementh blockchain allows customers to find the best deal and vendors to sell quicker.

What are the major ways of monetization for your project?

Besides the initial funding from the ICO, the Elementh Foundation will be able to get digital asset income through the system internal operations.

Which markets are the most attractive for you right now? Do you take in consideration the USA and other countries with the legal restrictions for the crypto crowdfundings?

We have already had ICO in April.

Describe your project in 3 years? Will it change something in the world?

The Elementh Foundation opens a new era of e-commerce, making global trading clearer and more convenient for all participants of the market.