INTRODUCTION
Business to consumer (B2C) Ecommerce is a big and massive global market which in the year 2017, surpassed $2 trillion in market sales and is expected to have a rapid annual growth rate of 9.9%, and with this growth in the Ecommerce ecosystem, global Ecommerce sales is projected to rise and exceed $4 trillion in the year 2021 as estimated, and the significant growth experienced in the industry can be attributed to the rapid adoption of Ecommerce in the Asia. The progressive increase in Ecommerce revenue platform adoption in Asia part of the world is at a higher rate than any other part of the world, as Asia will continue to lead as the principal continent in respect to Ecommerce market revenue.
In the recent years, since the birth of blockchain technology, quite a number of development and advancement has occurred in the blockchain and Cryptocurrency ecosystem, this advancement has brought about the development of new blockchain and mainets ecosystem. E.g Ethereum smart contracts which gave birth to the compatible projects, Neochain(NEP5) ecosystem. This development has birthed alot of Cryptocurrencies in circulation for the Cryptocurrency user's where we have about 1200 different Cryptocurrencies in the market for the user’s. And since the birth of Cryptocurrencies, it has been a substance of exchange/assets, and this development has called for an existence of cryptocurrencies exchange. Despite all this technological innovations, buying and selling In the Ecommerce ecosystem has been a major challenge to the Cryptocurrencies early adopters.
Elysian technology is an innovative new decentralized platform that has come with the blockchain innovation of securing customer data and facilitate making Cryptocurrencies a mode of payment in Ecommerce industries and making it possible for the Cryptocurrencies users to do online shopping with their different types of Cryptocurrenies without exchanging to Fiat currency and going through unnecessary charges while paying with Fiat.
WHY ELYSIAN
Elysian decentralized platform is an innovative ecosystem that has come to the Ecommerce ecosystem to with Ethereum blockchain to secure customer datas and make easy Ecommerce transactions, high level of security and rapidly change user experience.
Elysian in his rigorous analysis into competing businesses exposes lack of rare user experience and unhealthy sustainable technology advancement. Elysian is keen by implementing and deployment of Artificial intelligence and virtual reality into the Ecommerce industry in order to provide efficient website navigation, visualization, revolutionary product and unparalleled consumers convinience.
The company is determined to bring to an end the pressing issue of lack of trustworthy cyber security in the Ecommerce industry, which is primarily in form of customer identity theft. Cyber hackers and fraudsters uses such information they got to perform tasks like, filling taxes and applying for credit application in such customers name to name but a few. And in order for the market to continue to enjoy and experiencing a sustainable development growth in the level of trust between consumers and businesses must improve., because despite of the rapid growth in the Ecommerce industry continues to expand, some of the growth is threatened with the issue of consumer data protection.
Therefore, the emergence of blockchain technology is the beginning of revolution to the internet space. However, blockchain itself it’s still in its infancy stage and many businesses in the Ecommerce industry aren’t still aware of blockchain technology and smart contract or are content in with the current status quo in terms of cybersecurity. The use of smart contracts provides another element of trust for the Ecommerce consumers through its immutable ledger serves as the foundation and bedrock for transactions and storing of consumers data that can not be tampered with by cyber criminals. The smart contract will be audited to guarantee proper coding and further strengthens the security and legitimacy of the smart contract with the audit which is put in place to prevent manipulation and guarantee a proper processed transaction.
User experience (UX) Is also a major area which Elysian will be working on, as to have its Artificial intelligence system accustomed to provide an ultimate user experience like simple website navigation, convinience, a renewed felling of interpersonal interaction, rememberance of previously viewed items and product customization. And this will assist the speedily progression of the Ecommerce market.
Elysian proof of Authority.
Proof of Authority is newer development in the blockchain technology which is similar to proof of stake, but instead has a number of pre-approved authority nodes called Sealers.
Sealers is a mining nodes, where any new node that is proposed to be added must be voted on by the currently approved set of authority nodes, giving Elysian full control over which nodes can seal blocks on the network. This Proof-of-Authority consensus will provide the Elysian ecosystem with a private blockchain to store encrypted credit card information and other user datas securely over a distributed network.
Elysian Token
Elysian ecosystem is planning to host its Token Generation Event as an ERC-20 token on the public Ethereum blockchain. After the completion of the Token Generation Event, all tokens will be converted on a ratio 1:1 basis to a private Ethereum sidechain with Proof-of-Authority consensus reached by the independent validators. Thus, integration of the Elysian Token into the platform as a means of entry to access transactions in the Elysian ecosystem. Token holders/consumers will be incentivized to become incorporated into the Elysian community and play a vital role in the company growth.
CONCLUSION
Elysian will improve the security and efficiency of Ecommerce transactions by starting with the first successful deployment of its beta test Elysian Ecommerce platform.
TOKEN ECONOMICS/DISTRIBUTION
Token type: ERC20
Circulating Supply: 250 million
TOKEN GENERATION EVENT
FUNDS DISTRIBUTION
THE TEAM
THE ADVISOR
FOR MORE INFORMATION:
Website: https://elycoin.io
Whitepaper: https://elycoin.io/Whitepaper
Facebook: https://facebook.com/ElysianxELY
Twitter: https://twitter.com/Elysian_ELY
Telegram: https://t.me/Elysian_ELY
Medium: https://medium.com/@Elysian_Ely
Bitcointalk: https://bitcointalk.org/index.php?topic=3332920.new
Written by: Oyetunde oyedotun
Bitcointalk username:Oyetunde1
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1194023;sa=summary
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