E-commerce is a rapid growing industry. In the recent years E-commerce Market had reached trillions of dollars. Online shopping sites gives discounted products that retail stores cannot provide. Online shopping is the primary choice among the youths now. Online shopping websites store users personal and financial details on their website with the latest security systems. But today's traditional technology is very much vulnerable to cyber attacks. Equifax's data beach is a lesson to us. But even we follow each and every step about security with the latest technology, websites are still not safe. In order to solve this security issue in e-commerce industry, Elysian uses blockchain technology to store users data. Blockchain provides higher level of security that no other technology provides. Elysian wants to implement artificial intelligence and virtual reality to enhance user experience.
Current problems with the e-commerce market -
Security problems - Today's e-commerce websites cyber security is not trustworthy. Users data stored on e-commerce websites are not safe. Whenever a shopping website get hacked million users data get compromised. Users personal and financial details get leaked.
Even their is a security issue people are continue to use shopping websites as technology is the way of selling goods.Cryptocurrency problems - Cryptocurrencies are on the rise now. Everybody wants to hold some amount of crypto assets. Besides only trading people want to buy products with their crypto funds. With higher security and faster transactions cryptocurrency is the future. But even though today's shopping websites are still not accepting crypto for the purchase of goods.
User experience : Today's e-commerce websites user navigation is not simple. People often get confused or lost in the website. Finding a desired product is very difficult task. Product specification and images provided are limited that users can't make their buying decisions.
Elysian solutions :
Blockchain technology :
Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Blockchain provides higher level of security that no hacker can steal the information. Elysian allow users to create e-commerce website on blockchain technology. Elysian chooses proof of authority which allows to create private blockchain network to store encrypted users data over a distributed network. These user data is secured with individual users private keys.Cryptocurrency use : Cryptocurrencies will replace the fiat currency in future. Shopping websites created on Elysian platform accepts cryptocurrencies for the purchase of goods. Along with that Elysian is providing Atomic swaps by which users can freely convert one crypto token into other without the need of an exchange.
User experience : In order to enhance the user experience Elysian platform is implementing artificial intelligence and virtual reality. Both of these technologies will revolutionize the e-commerce industry.
Artificial intelligence (AI) : Artificial Intelligence can do human like similar work with machines. AI in e-commerce websites help to easily navigate the websites. AI assistants are like Apples (Siri) and Amazon's (Alexa) it will help users to find the product on voice commands. Imagine with just voice commands you can shop. And it will save your precise time.
Virtual reality (VR) : VR is the best engineering piece of tool by which we can create Artificial environment around us just by wearing VR headset. By implementing VR in e-commerce will create a virtual store around us to shop. Just wear VR headset and ready to go shopping by sitting in your home. VR will change the way we shopping till now. With detailed colour graphic provides true images of the product. Get ready for the change with Elysian platform.
ELY tokens :
Elysian uses ELYCOIN (ELY) tokens in its platform which helps to explore it's ecosystem.
Presently Elysian ICO sale is running on QRYPTOS visit here to buy ELY tokens : https://tokens.qryptos.com/ico-market/ELY
ICO Phases :
ELY ICO ratings :
Elysian team :
Conclusion : Elysian is an unique project which will revolutionize the shopping industry. By using blockchain technology it will provide security to our data. By implementing artificial intelligence help users to buy provides easily and to navigate websites. Virtual reality provides interesting shopping experience that we ever imagined. Truly Elysian platform is one step towards future. It is an amazing project to invest.
Know more about Elysian here -
Website : https://elycoin.io
Whitepaper : https://elycoin.io/whitepaper/english
Bitcointalk : https://bitcointalk.org/index.php?topic=3332920.0
Twitter :
https://twitter.com/Elysian_ELY
Telegram : https://t.me/elysian_ely
Facebook : https://www.facebook.com/ElysianxELY/
Medium : https://medium.com/@Elysian_Ely
LinkedIn : https://www.linkedin.com/company/elysian-ely
YouTube : https://www.youtube.com/channel/UCm0BGtPu1nB-7HbeJsHKJTw
About Author : Abhijeetcg