Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ELI] Eligma | AI-driven & blockchain-based cognitive commerce platform
by
MitjaELI
on 20/04/2018, 08:41:36 UTC
Will blockchain be used only for the payment system eli pay or will it be used for something else also?

There are certain features on the platform that will with utilization of blockchain technology enable transparent and unalterable data:
 
  • Traceability: Any product, purchased through the Eligma platform or manually added to the user`s Product inventory, will receive a Digital Item Profile (DIP), that will be stored in a sidechain. A product with DIP will be traceable from the moment it was purchased to the present day. Events like change of ownership and warranty details will be trackable through publicly accessible sidechain.
  • Unalterable transactions and records - On sidechain, DIPs will be stored as Smart Contracts (transactions), that will form a transparent ledger of blocks, inherently resistant to modification of the data. Sidechain block's hashes will be stored on Ethereum Network and thus enable everyone to check that blocks remained unchanged since the moment of creation.
  • Cryptocurrency - utilizing our services with Ethereum ERC-20 compliant ELI utility token we created a portable and tradeable digital token, exchangeable between users.
  • Smart Contracts - to support decentralized second market deals between users, we will assist in the process of formation of Smart Contracts, that will contain vital information about the subject of exchange.
  • Usability - other web and decentralized applications will be able to use sidechain data either to analyze data or track certain patterns.
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