With the ever-growing and increasing list of data breaches across the ecommerce industry and retail companies, data and privacy issues are at the top of people’s minds both in and out of the ecommerce industry. It’s a growing and necessary concern, especially as most of trade as gone online and it now houses most customers data and information.
E-commerce has been faced with security challenges over the years as there is no adequate cyber security that can protect and keep the information of users safe. Fraudsters and cyber criminal cam easily exploit the system and make use of customers data to commit any Fraudulent activity they so desire. If by chance e-commerce industry will grow at a sustainable pace then there is need to address the issue of data breaches, because a secured business platform will incwse
This has made technologies like blockchain to start popping up to give consumers the capacity to possess their data again. Blockchain, as a concept, is a widespread ledger record that holds different but anonymous records. In ecommerce, blockchain can decentralize a consumer database. So, instead of one company knowing every trade preference of a consumer, it’s spread out on the blockchain in a decentralized manner so that anyone can have access to it at anytime, with the consumer owning that information.
Shop is an ecommerce system built on blockchain that wants to give consumers even more power by giving them control of their data and dictating which brands can use it. Blockchain in this case decentralizes and creates an anonymous database
for consumers to see different data points.
Elysian platform
Elysian is built on blockchain technology which arguably provides one of the best security measure fit for use in e-commerce.
Blockchain technology is an immutable ledger protocol which the transaction records can not be temprered with. Blockchain is powered by awesome decentralization features which makes it impossible for hackers to exploit because it is not built on a single server. Blockchain also house deployment of smart contracts for executing all transaction. Elysian will use the Ethereum blockchain to secure consumer important data and also use smart contracts to bind transaction. Elysian has contingency plans to handle high influx of users that might come in the near future as the interoperability of the platform will provide sustainable growth development of the platform.
AI (artificial intelligence) is gaining more usecase and adoption now than ever before. Elysian will deploy the use of AI on the platform help improve user interface and provide easy navigation on the platform to help users rember the last e-commerce website they have visited.
The AI will function at a similar level to current mainstream, household names such as:
Artificial Intelligence
Alexa (Amazon)
Siri (Apple)
Cortana (Microsoft
TEAM INFORMATION
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ADVISORS
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CONCLUSION
E-commerce is indeed a big industry which is greatly increasing, but in order to maintain that growth there is need to make sure that customer's data are secured. And this is exactly what elysian is on track to acheive.
For more information visit:
Medium: https://medium.com/@Elysian_Ely
Twitter: https://twitter.com/Elysian_ELY
Facebook: https://www.facebook.com/ElysianxELY
Telegram Group: https://t.me/elysian_ely
YouTube: https://www.youtube.com/channel/UCm0BGtPu1nB-7HbeJsHKJTw
Website: https://elycoin.io/
Whitepaper: https://elycoin.io/whitepaper
Ann Thread: https://bitcointalk.org/index.php?topic=3333050.msg34852238#msg34852238
Bounty Thread: https://bitcointalk.org/index.php?topic=3332920.0
Writer's Bitcointalk Username: lynks
Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1266433