Today, as technology develops, everyday life becomes more integrated. It does not end with counting the effects of modern technology, but E-commerce is one of those who make the most money and perhaps the most money for developers. Due to the advantages that e-commerce has created, it is widely used by both producers and consumers. The simplicity of ordering for consumers, the time savings, the most important advantages are that many of them can be easily examined. For producers, these advantages include the reduction of expenditure items such as shop rentals, employee salaries, and the ability to make sales out of the city or country in which they are located, a 24/7 open "shop".
Even now, even though it is as wide as its competitors, e-commerce is still considered to have a great potential. Because there are billions of people in the world who have not met e-commerce yet, it is obvious that more and more people will prefer online order instead of shopping at market, market, shopping mall after 10-15 years. It is estimated that the online sales volume of 2 trillion dollars will reach 4 trillion dollars in 2021 at present.
In addition to the above advantages of e-commerce, there are also some disadvantages, the most important of which is that the information of users is not as secure as the information. The Elysian project, which we will talk about, is a project that aims to implement a number of technological innovations in e-commerce, especially to solve the security problem. As you know, it is a costly and challenging process that requires manufacturers to create their own online sales platforms and time to provide their continued use by customers. The Elysian team is thinking about developing a platform to overcome these challenges. With the help of Elysian, producers can easily create their own online sales sites.
The project is generally focused on two issues: Security and User experience (UX).
The solution to the security problem is to use a blockchain-based database. This will protect user information more securely. This security will be further enhanced by using smart contracts. Elysian aims to bring the user experience to a new level. For this, they applied to technologies such as virtual reality and artificial intelligence. Artificial intelligence will offer users new options based on the pages they visited previously and the products they reviewed. They also believe that sales figures will rise because consumers will be faced with products that are less popular in the near future. The Elysian team claims that their artificial intelligence will be even better compared to artificial intelligence like Siri (Apple), Alexa (Amazon) and Cortana (Microsoft).
Another feature of Elysian is that virtual reality will be used to display products. Customers will be able to examine products in more detail with the help of virtual reality. Thus, the number of returned products will also be reduced. In addition, users will be able to design exactly the environment in which they will examine their products.
The Elysian TGE (token generation event) to be used on the Elysian platform will be generated as an erc20 token after it is finished. Later, Elysian is scheduled to switch to a special sidechain based on Ethereum. So Elysian will have its own blockchain and thus benefit from advantages like lower cost operations. Elycoin will be calculated at 1: 1 ratio when switching to sidechain. They preferred Proof-of-Authority as a consensus considering the disadvantages of Proof-of-Work and Proof-of-Stake. PoA is basically similar to PoS, except that the new node must be approved by the former.
Some of the tokens will be reserved for future funding of projects. It will be voted on by the Elysian community to determine which project will be used for the funding of the separated tokens. What I do not like about the project is that they do not give any detailed information about a feature that they mention. Whether they are whitepapers, webpages or videos, they only give general information. They have set their hardcaps at $ 19 million and have now reached $ 3 million in SoftCaps. If they are faithful to their roadmap, I think the project will capture competence and hype.
Website: https://elycoin.io
Ann: https://bitcointalk.org/index.php?topic=3333050.msg34852238#msg34852238
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