ELYCOIN- "an innovation in digital market place"

INTRODUCTION

Over the time, the essence of doing business has gone multi fold changes. Starting from the barter system to brick and mortar stores to trading of good and services online, advancement in technology has completely changed the market ecosystem. Traditionally, brick and mortar stores were the only medium for trading goods and services and communicating with the customers. With the advent of technology and advancement in computing, artificial intelligence, the platform of e-commerce has developed and captured most of the business firms. Electronic commerce is a competitive platform for both B2B and B2C landscape that provides electronic changes for goods and services using virtual payment gateways and internet connectivity. E-commerce as a platform helps business to grow rapidly and penetrate into wider markets. It is a faster, cheaper, and more convenient method in today's time when everyone needs quick services. It establishes a cost effective method to expand business and provides customers with greater choices of products. E-commerce has revolutionized total online shopping experience and every business makes its online presence mandatory for long term growth. Companies like flip kart, amazon, snap deal, provides a convenient platform for buyers and sellers to fulfil each other's demand. Customers need more convenience while sitting at home and e-commerce is their tool. It is a rewarding platform too when consumers can earn redeemable and reward points on shopping. On this digital platform, consumers look for better community and effective payment gateways. ELYCOIN is an innovative, decentralised digital platform to enhance e-commerce landscape through block chain technology.

ELYCOIN

Elycoin is a digital platform that has been the innovation by Elysian. Elysian is a robust team of e-commerce crypto currency researchers and experts that aims to build a profitable and sustainable market ecosystem for all the stakeholders including retailers, investors, suppliers, customers. Using the latest block chain technology and smart contracts, Elycoin wants to build a better and more decentralised platform for both buyers and sellers. Since it is a two-fold virtual platform for both business and consumers, the platform enables business to create market places and online stores to widen their reach, consumers get a wide variety of choice by visiting multiple online stores. Also Elycoin integrates technological advancements like artificial intelligence, virtual reality, smart contracts, block chain technology to enhance consumers experience and also to increase users' engagement on the platform. Also the platform aims to work on the customers' data storage. Online stores is driven by the customers data, their preferences, frequency of buying, purchase behaviour. All this data is very important for business to fulfil consumers demand. The platform integrates customer data bases and draw important insights to draw customer analysis. The platform is more secure and transparent and every user on the platform need Ely to build an online store for selling or buying anything. The transactions on the platform are done through Elucoin. Since it is a decentralised e-commerce platform, it provides more security to customer data and improves connectivity to ensure faster transaction processing. Block chain technology confirms higher level of trust between customers and business. The platform is backed by token system and users can make free payments through crypto currencies.

CONCLUSION

In the realm of e-commerce and constantly growing online markets, there is a cut throat competition among various brands. Customer loyalty is a great challenge today. But with the decentralised platform provided by Ely coin, problems of customer data storage, good connectivity, secured online payments are being resolved gradually. Transaction in terms of crypto currency makes it more secure. Today a large percentage of profit is eaten by third parties. But this platform provides a direct contact between consumers and sellers that eliminates the problem of third party. The digital platform is ready to bring a wonderful leap in the digital market ecosystem.

Website - https://elycoin.io/

Whitepaper -- https://elycoin.io/whitepaper/english

ANN thread - https://bitcointalk.org/index.php?topic=3333050.msg34852238#msg34852238

Telegram - https://t.me/elysian_ely

Published By - smithjones

Profile - https://bitcointalk.org/index.php?action=profile;u=1936039