The world in the way it develops is a wheel in constant motion. Looking back through history, one could safely say that the past century or so has been among the fastest changing period of our planet and the way we live in it. From the industrial revolution, to the dawn of the digital and information revolution, the way we interact with one another has been changed forever by technological advancements witnessed especially within the last few decades.
The birth of the internet reinvented the way we bought and sold things between ourselves, as it not only gave us the ability to communicate instantly no matter where we are geographically at a very low cost, it morphed the actual way businesses exist and function. E-commerce was one of the great strides achieved by the internet, and in today’s world e-commerce businesses such as Amazon and Alibaba are among the biggest and most valuable companies in the world. Despite all said however, the world of e-commerce is far from achieving perfection, as businesses struggle with huge costs, inefficient practices, bureaucratic red tapes and most importantly a seemingly intractable data security problem that costs the industry tens of billions of dollars every single year.
The ELYSIAN REINVENTION
In order to let E-commerce as an industry truly achieve its potential and reach beyond the present opportunities, Elysian a brand new blockchain based startup has been created to reinvent the whole industry from the bottom up. Elysian is a cutting-edge platform that will e-commerce as an idea a completely new and better look. This is a platform that was the brainchild of consummate IT professionals, with the goal of revamping the e-commerce world after carefully considering the pressing problems in the industry and diligently formulating tailor-made solutions for each of these problems. Some of the key ways Elysian will reinvent e-commerce include:
Adoption of the Blockchain Standard: The e-commerce world as of today has no single standard when it comes to the integrity of the platforms that offer goods and service for sale. Depending on the resources and commitment of a company, security widely varies across the industry, which is among the reasons why it is said that over 5 million individual personal data get lost every 24 hours across the world. While giants such as Amazon have limitless resources to plow into high-security infrastructures for themselves, small business owners across the world using other e-commerce platforms are left to their own devices. Exposing their customers to constant threat of being hacked and their sensitive personal data used for less than kosher reasons. Elysian aims to make the blockchain technology easily accessible for all cadre of businesses. This will greatly enhance interoperability and open new windows of opportunities across the world.
Cutting Costs: Elysian will more than anything delivers the ingredient for the success of any business, which is less costs from its revenue. With Elysian, all middlemen that make the transaction of an e-commerce outfit and its customers less than effective are eliminated. With the blockchain technology and e-commerce business has the ability to transact on a peer-to-peer basis with its customers without any intermediary.
New Ways To Shop: Any business that stays without innovating is bound to become obsolete and uncompetitive with time. Elysian is a vibrant platform that not only uses the blockchain technology, but also incorporates other cutting-edge new technologies such as Artificial Intelligence and Virtual Reality to expand the reach of businesses hosted on its infrastructure and offer them unique ways to innovate and stay ahead of the pack.
With the rise of other new age technologies such as AI, and Robotics, the challenges faced by businesses will also change as those with resources try to stay farther away from the rest of their competitors big or small. Elysian is a platform that not only gives e-commerce business owners a seamless transition to the new world order, it empowers them at minimal cost to take advantage of the developing new technologies without causing any major shake down of their operations.
USEFUL LINKS:
Elysian website: https://elycoin.io
Whitepaper: https://elycoin.io/whitepaper
Telegram group: https://t.me/elysian_ely
Twitter: https://twitter.com/Elysian_ELY
BTT Thread: https://bitcointalk.org/index.php?topic=3332920.0
this is an interesting project. i would read the whitepaper to get more information
Please do. Its a very interesting project.
nice in-depth review bro
Thank you... Watch out for more.
Thank you... Watch out for more.
Nicely written