ELYSIAN: BOOSTING THE E-COMMERCE SECTOR WITH REVAMPED BLOCKCHAIN FEATURES

in #cryptocurrency6 years ago (edited)

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INTRODUCTION
Trade is one of the basic activities that comprise of the human society we live in today. It is something that has always been in existence and cannot be dispensed of very easily even in a socialist state. People have needs on daily basis and satisfy these needs through the medium of trade.

Since the onset of trade, a lot has changed about our world from ancient time. Technology came in and brought about the internet which primarily has an answer to almost all the questions we have to ask. This necessitated for the need to also extend the reach of the internet to the trading sector. In place of the normal mode of conducting financial transactions, cashless transactions came in and now the use of cryptocurrencies also came into place as an upgrade of the already existing mode of conducting such financial transactions.

In the light of the fact that trade is very essential in our contemporary society, there has been an increased need to make the conduct of trade very convenient and less demanding for people living in our contemporary time. Hence, the development of the e-commerce sector. This sector primarily entails the use of the internet to conduct trade. This has brought about online retails stores and many platforms that can be used for trade whilst using the internet either on one's phone or through a computer. The most ameliorated form of such innovations is the Elysian Project which would be discussed in detail in this work.
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PROBLEMS IN THE E-COMMERCE SECTOR
The use of online trade mediums despite its acceptance by many has not been devoid of its shortcomings. It is true that the platform has come to make life better for us humans, but it is also true that it has also some problems accompanied by its use in our contemporary time.

The first of such problems is the problem of security of customer details and data on the platform. There have been rampant cases of hacking and hijacking of customer details on many trade websites and points of conducting any form of E-commerce in our contemporary time. This has led to an increased level of distrust for how the system works and also been a disincentive for all potential users of such platforms.

A direct comparison between the online trading user interface and the real-life trading experience are two different things. There are cases and scenarios where what a user requests for or purchases online is very much different from what is delivered to him. This has also been a barrier to the use of such online platforms of trade. I remember ordering a pair of shoes and also a smartphone from KONGA last year, and a different shoe size and phone specification was delivered to me.

The introduction of cryptocurrencies into our trading systems has also been a cause of concern as people far and wide are interested in the use of cryptocurrencies. However, there exists a lack of ways or mediums through which cryptocurrencies can be used or applied in transactions entered into in our time. This has led to the discouragement of many people from the use of the platform.

The lack of a clear regulatory structure for the conduct of transactions in the e-commerce sector as well as the acceptance of the use of cryptocurrencies has impeded upon the encouragement of the use of cryptocurrencies in the conduct of transactions. This has not fostered a wider use of cryptocurrencies on the platform and in other platforms that accept the use of cryptocurrencies.

ELYSIAN AND HOW IT REVOLUTIONIZES THE E-COMMERCE SECTOR
Elysian is a project that has come to promote the participation of members of the general public in the use of E-commerce in the purchase of goods and other items required in our daily life. This is to ensure that the primary purpose of technology in our time which is to make life easier for us would not be defeated.
The E-commerce sector as already mentioned has gone through some major setbacks in recent times however, platforms like Elysian has come to usher us all into an era totally devoid of such problems.
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Elysian addresses problems that stem from the inadequacy of security apparatus in E-commerce platforms by the use of the blockchain technology. This serves to actually protect the customer data by storing this data in blocks that are arranged in such a manner that would not be accessible to any hacker. This is a new security measure that is tested and trusted and certified. To add to the security measures already in place, the platform now introduces the use of Smart Contracts that once entered upon stores all sensitive data inside it making it locked up and only accessible to the user and the platform that provides such Smart Contracts. This eventually remedies problems that arise from the lack of trust and security on platforms that provide services relating to E-commerce. This would, in the long run, enhance Business to consumer relationship (B2C).
The use of cryptocurrencies on Elysian is not a mistaken one. The world's business and financial trend are marching towards an unstoppable use of cryptocurrencies in the conduct of transactions in our contemporary time. Hence, the inculcation of the use of cryptocurrencies in 21st century. Elysian tries to provide for all users, customers, investors etc a platform where the value of their cryptocurrencies can be fully appreciated and used. This is done objectively by giving cryptocurrencies purchasing power on the platform. This allays the fears of individuals as to the inability to make use of their income in crypto form when they key into it.
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The Elysian platform also seeks to comprehensively enhance the user experience and satisfaction on the use of trade platforms or E-commerce Platforms by making provisions for advancements in the system that would make the users experience more enjoyable value added services. This is done by the introduction of an active Artificial intelligence(AI) system and Virtual Reality system so as to make the purchase of goods more understandable and verifiable, thereby making it completely similar to purchases done in a physical marketplace.

ELICOIN AND TOKEN SALE DETAILS
The token is known as the Elycoin and the PreICO sale has commenced at the cost of 0.06 USD for 1 Elycoin. The price for the ICO is 0.12 USD for 1 Elycoin. A total of 1 billion Elycoins would be minted and 250 million from that number would be made available for sale. The token type would be ERC20 and it would be based solely on Ethereum blockchain. This invariably implies that payments into the platform would be done through Ethereum. The Soft cap value is 3,000,000 USD while the Hard cap value is 19,000,000 USD. If you are interested to token sale, be quick about it because it's selling out really fast. In my own opinion, it's a wise decision to buy in considering the project aim and solid team behind it. See preview below for token sale details and token economics :
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TEAM AND ADVISORS
The team members and advisors comprise of experienced intellectuals who are devoted to ensure the project aim is achieved. See preview below :
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PARTNERS
Elysian boasts of remarkable partners who will aid in fostering achievement of the project vision. See preview below :
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EXPERT RATINGS
Highly recognised due diligence platforms have scored ELYSIAN very high with regards to the team, project vision and product. See preview below :
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CONCLUSION
Elysian is a mode of buying and selling that has come to make a difference. Elysian has come at this very crucial time of the advent of the use of technology in our trading system so as to make sure that the trading system in a simultaneous flow with the use of cryptocurrencies is not left behind in the course of the advancements made in all these areas of financial escapade. The trading system is yet to see the best, but I'm optimistic Elysian has come to bring in the best. It has come to ignite a high level of trust and assurance in the workings of the system by its welcomed innovations.

USEFUL LINKS
Consider checking out the links below to know more about this mind-blowing project. Join the telegram community and follow on various social media.

Website : https://elycoin.io/
Whitepaper: https://elycoin.io/whitepaper/english
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3332920.new
Telegram: https://t.me/elysian_ely
Steemit: https://steemit.com/@elysian-ely
LinkedIn : https://www.linkedin.com/company/elysian-ely
Facebook : https://www.facebook.com/ElysianxELY
Twitter : https://twitter.com/Elysian_ELY
Github: https://github.com/Elysian-ELY

Author's bitcointalk username : deodivine1
Author's Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1390292

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