ELYSIAN: Building A Trustworthy And Secure Ecommerce MarketPlace .

xpency (63)in #elysian • 6 years ago (edited)

I am actually proud of the cryptocurrency market as it is establishing itself in the world of hypothetical trading, although it has not yet reached mainstream adoption as a feasible transaction method for goods and services. I get a lot of questions from friends and family on how they could use these cryptocurrencies apart from trading them on exchanges. Till this present day, not even the major bag holders in e-commerce, distributors and retailers have been able to come up with a complete solution to the challenges of making payments with cryptocurrencies, consumers in the industry are stuck with the one choice of converting their cryptocurrencies to paper money.

This is the main reason why the Elysian e-commerce platform is coming into existence, a situation where consumers have different choices of how to make use of their cryptocurrencies. There are still no Ecommerce companies willing to accept cryptocurrency to render products and services, people are still expected to make transactions using fiat currency. That is why Elysian is building it's platform on blockchain technology, in other to eradicate the pains of centralized and traditional e-commerce systems for a decentralized ecosystem.

Elysian is a blockchain technology project with the aim of developing the Ecommerce industry by enhancing security, scalability and creating a distinct user experience. The project will be the first Ecommerce platform to integrate various compelling elements that are important for the development of the market industry. using blockchain technology to firmly keep inormation of it's users, an a digital coin with constant growth, and an expert system integrated with virtual truth to set a brand-new pattern in user experience.

Some Challenges Faced by Ecommerce Industry

The Ecommerce industry has seen a viable growth, but the are still problems that needs to be tackle in order to give customers maximum satisfaction. Last year some members of staff of the company where I work were experiencing weekly withdrawal of fund from their accounts with out their permission, this happened for like a month until they visited their banks. This problem was traced to an online shopping site where they had collectively bought some items with Visa/Master cards. The industry is still facing this problem of lack of security, credit card fraud is still a treat to online merchants and their customers. Phishing attacks is targeting the data of users, as login credentials of customers are at risk. Fraudsters now use social engineering to attack customers into opening an email, text message or instant message while they have their bank account raided.

Customers that constantly buy things online are familiar (user experience) with authentic websites and fake ones, but those that lack experience and have less idea on how trustworthy online merchants look like develop trust issues for Ecommerce resulting to less usage of online shops. The willingness of an e-commerce user to be vulnerable depends on the trust they have for a user-friendly platform, which the present day online merchants lack.

Possible Solution by the Elysian Platform.

The use of blockchain technology by the Elysian platform is for the reason of decentralization, the data of users will be stored in a decentralized immutable ledger where they cannot be tempered with, creating a high level of security for their users. The involvement of smart contract will also create a smooth and secure transaction process in the platform, storing all the details of transaction.

An Artificial Intelligence technology that will help users to navigate desired sectors of the websites, keep tract of all previously visited pages and transactions. This process enables ELYSIAN to provide valuable answers and directions based on user instructions and searches. With the AI, the platform ill look more lucrative for Ecommerce business and users.
The Elysian Virtual Reality experience make items on the plaform look like reality and create a high rate of engagement between users and the e-commerce market.

ICO Details and Fund Distribution

The Elysian ecosystem has it's own coin called ELYCOIN (ELY), the function of the coin is to fuel and power the system, as it will also serve transaction purposes in the system.

Token Symbol: ELY

Platform: Ethereum - ERC20

Number of released tokens: 1 billion ELY

The main sale: start 04.06.2018 ending on 24.06.2018;

Price: 1 ELY = $0.12

Accepted currency: ЕТН;

Hardcap: $ 19 million;

Softcap: $ 4 million;

Country: Belize;

Restricted Countries: USA, China, Canada, Iran, North Korea.

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Roadmap

Q2/ 2017
– The Elysian idea is born

Q3/ 2017 – Q1/ 2018
– The idea remains in advancement

2018
– The Elysian Personal Occasion starts, followed quickly afterwards by the Elysian TGE
– Group Growth – Introduce of the main Desktop Wallet (Windows, Linux & & Mac)
– Introduce of the main Mobile Wallet (iOS & & Android)

2019
– Personal blockchain execution for information storage
– Introduce of the main Elysian Merch Program
– Introduce of the main Elysian Platform
– Atomic Swap combination into the Elysian Ecommerce platform

2020
– Broaden the variety of altcoins accepted on the Elysian platform
– Opening of a Strategic Workplace in Europe and Asia
– AI combination into the Elysian Ecommerce platform

2021
– VR combination into the Elysian Ecommerce platform

2024
– 1% of the worldwide Ecommerce sites begin utilizing the Elysian platform