Elysian – A Platform to Give Consumers Better E-commerce Experience

Overview:

Elysian is a project which is aiming to connect the E-commerce market with crypto currency market. It is trying to increase the customer satisfaction and provide them better features. The integration of blockchain technology in E-commerce will help to build up the trust between the consumers and the businesses. Artificial intelligence and virtual reality will change the way a consumer experiences while shopping online. It will give consumers the in-store experience while they shop online at home. Elysian is also offering a practical solution to cryptocurrency holders to use it for buying goods and services instead of just speculate it in trading.

Factors Creating Problem in the Existing E-commerce Industry:

• Security:
The main problem in e-commerce is the lack of trust between businesses and consumers due to inefficient cybersecurity. Identity theft is becoming a common problem today as the thieves can access the information of other consumers and perform frauds in the name of other consumers. This affects the growth of e-commerce businesses as consumers opt out from purchasing online.

• User Experience:
User experiences on websites still needs to be improved more to increase the customer satisfaction. User experience plays the lead role in the highly competitive e-commerce industry. To stay ahead in the competition, it is necessary that what businesses deliver to the consumers should be of high value and create quality user experience.

Elysian Platform:

Elysian platform has provided the solutions to the above addressed problems which we will see in detail below:
• Security:
Elysian has integrated blockchain to provide security to users’ data and thus preventing the identity thefts. The immutable feature of blockchain will not allow any user to manipulate the information once stored in the blockchain. Elysian is using Proof-of-Authority which is like proof-of-stake but here there are nodes called sealers which are pre-approved authority nodes. These are mining nodes and if any new node wishes to join the ecosystem should be first get approved by the sealers. This ensures security to the users on the platform.

• User Experience:
Elysian is making user experience better by integrating the two feature on its platform, which are:

Artificial intelligence:
AI will record the consumer behaviour on the internet and will help the consumers to view specific results or websites of their preferences. It will also help consumers to view the website or product which they last visited or viewed which will both give benefits to customers and e-commerce businesses.

Virtual Reality:
Elysian is using virtual reality to increase customer engagement and experience. It will implement vivid graphics that will make customers feel that they are shopping from the store while sitting at their home. It will also allow users to create their own virtual reality thus giving authority to every user to have his /her unique virtual reality or the environment.

ELYCOIN (ELY):

This will be the token which will be used to carry out the transactions in the platform. The primary purpose of this token is to enable the supporters of this project to contribute and help Elysian to reach its mission.

Team:

Leo Ameri - CEO & Founder
Leo Ameri is a tech entrepreneur with successful exits of multiple Ecommerce stores. He has been involved in the Blockchain space since 2014

Jesse Brandenburg – CFO
Jesse Brandenburg is a graduate of Rutgers University with a B.A. in Economics. He is an early investor and cryptocurrency advocate with experience in managing an IT business and advising entrepreneurs.

Levon Tikoyan - CTO / Lead Developer
Levon Tikoyan has several years of development experience and is passionate about technology and coding. He has been involved in blockchain since 2016.

Token Matrix:

Token – ELY
Accepted Currency – ETH
Token Price - $0.12 USD
Soft Cap – $3M USD
Hard Cap – $19M USD
Pre-Sale – 04th to 17th June 2018
Token Sale – Phase 1 – 18th to 24th June
Phase 2 – 25th June to 01st July
Phase 3 – 02nd to 08th July

Verdict:

Pros:
• This project has a good social media hype with around 51000 members on Telegram and around 4000 followers on Twitter.
• The team behind this project consists of 12 members and 10 advisors. The team members have good background of IT, blockchain and e-commerce. The advisors are also well versed in blockchain and cryptocurrency.
• The MVP of the dashboard and mobile wallet is available on their website which is easy to operate.
• The whitepaper of this project is very well explained and structured properly.

Cons:
• There are many competitors in the e-commerce sector and whether this ICO will be able to stand out from its competitors will depend when the working platform will be launched.
• The whitepaper of this project does not contain the information about the technical implementation of the features which this projects want to implement.

Website: https://elycoin.io/
Whitepaper: https://elycoin.io/whitepaper/english
Telegram: https://t.me/Elysian_ELY

Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c
ANN thread: https://bitcointalk.org/index.php?topic=3332920