A Decentralized Platform to Build Ecommerce Websites on the Blockchain

foxicoreviews (61)in #ecommerce • 6 years ago

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The e-commerce market is one of the fasters growing market in the world. Not only the market size grows but also market participants try to utilize the latest technology in trading. Elysian utilizes latest Blockchain technology and Cryptocurrencies in their new project. Accordingly Elysian is blockchain based decentralized E-commerce platform that combines different aspects that necessary for the development of the Industry. Elysian will address the following problems existing in E-commerce Industry.

Lack of trustworthy cybersecurity – Fraudulent users may hack personal information and may fraudulently perform tasks in others name or use others account numbers. Level of trustworthiness between customers and the traders drastically depreciate due to this kind of security issues. But the sustainability of the Industry highly depends on the trustworthiness among the participants.

Bad user experiences – Even though most of the E-commerce traders use progressive technology, still there are failures in addressing consumer needs.

Elysian has been able to develop a revolutionary solution that leads the entire Industry to the top by utilizing
blockchain technology, artificial intelligence, and tokenization. Let’s see how it works.

Blockchain technology to enhance trustworthiness – blockchain is designed with immutable ledger which serves as the foundation for transactions and data recording. Decentralized nature of the blockchain prevents the data from being on the isolated server and minimizes the ability to hack. Not only that, smart contracts also provide a good basis to improve the consumer's trust. All those together build a perfect barrier for manipulations and ensure that the transactions are preceded in a proper way.

Artificial intelligence for much better user experience – AI possesses the ability to keep track of user requirements. It has the ability to create simple and personalized website navigation, remember the previous shopping behaviors and keep the interaction with the user.

The platform will be scalable to adopt necessary future implementations. The client would be able to use the platform for their own businesses. Finally, it will act as an intermediary between the traders and the consumers. Not only that, third party agencies would get the ability to operate through the Elysian platform.

Elysian uses ELYCOIN (ELY) which is backed by Ethereum network, as the legal currency. This would be the preferred method of transacting within the network. Main token generation event will be conducted in three phases and will be started on 18th June 2018 and will be closed on 8th July 2018. 1 Billion Elys will be distributed among the platform participants as follows.

35% will be allocated to growth pool which is created to promote the platform among the general public
30% will be reserved in company reserve
10% will be distributed among team members
23% will be distributed through token generation events
Remaining 2% will be distributed through bounty and referral programs.

Elysian concept was born in 2017 and they have already completed the private token sale and pre token sale. Followings are the main targets that they are planning to achieve in near future.

Launching main token sale
Launching official desktop wallet and mobile wallet
Launching official platform by 2019, 3rd quarter
Integrating AI into Elysian platform

Elysian has deployed a management team which is comprised of highly qualified and experienced professionals in IT, legal, financial, technology, online trading, and marketing. Following is a brief explanation of the founder.

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Leo Ameri
Leo is an expert in E-commerce and he traveled around the globe assisting individuals in scaling E-commerce stores, developing competing platforms etc. He acts as the CEO for Elysian and he is the founder of “The Millionaires path’ and ‘Visions & results’.

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