Elysian - Decentralized e-commerce platform.

The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Kepler, a network technology that powered by Blockchain. The purpose of this network is to create a global market platform for robotics and high technology investment through transparent and decentralization portal which is controlled and managed by the investors.

Electronic commerce or e-commerce, as it is better known, is one of such opportunities. The e-commerce market has changed the way in which business is transacted, whether in retail or business-business, locally or globally. Prior to the internet, success in retail was said to hinge on location, but now the internet is a global marketplace, affording even the smallest retailer a national, if not a global presence. Brick and mortar locations now have websites and new companies now sell products that were unthinkable prior to the internet and the boom in related technology. The E-commerce market has become such a vital part of the economy that it is difficult to pinpoint exactly where e-commerce begins and the old-world economy ends. However, despite the huge success rates recorded in the e-commerce industry, several challenges such as lack of trust as a result of insecurity, complaints of non-satisfactory user experience to mention a few still plague the industry making it deviate from the purpose for which it was invented. To profer solutions, a platform named Elysian, which leverages on blockchain technology to combat some of the bottlenecks associated with the transacting on ecommerce platforms has emerged.

Elysian aims at integrating blockchain technology into the e-commerce industry to solve the above highlighted challenges faced in the industry, as well as affording cryptocurrency owners a change to partake in ecommerce by trading their cryptocurrency assets for goods. This is a huge development to the world of cryptocurrency, as presently, only a few industries allows for the exchange of goods with crypto assets, hence crypto assets holders are mostly left with no other choice than to trade their assets on centralized or decentralized exchangers.

PROBLEMS IN THE E-COMMERCE INDUSTRY

1) One of the challenges faced by the E-commerce industry is the issue of security. According to Nilsen report 2017, the most common types of fraud causing concern among merchants are identity theft, phishing and account theft. Criminals are becoming more sophisticated in their use of malware to command online banking logins via phones, tablets and computers, using the stolen bank account details to make fraudulent payments. In traditional identity theft, the criminals’ goal is to carry out transactions using a different identity. Instead of having to come up with a completely new identity to do this, they simply take over an existing one. This is easier to do—and usually much faster. Hacker attacks on e-commerce providers and stealing customer data also fall under this fraud category, as does using malware on computers to commit identity theft by spying out sensitive data. These involve hackers muscling in on communications between customers and merchants (or between customers and banks) in order to siphon off login data. As a result, consumers are scared of revealing their personal information and data which is an important requirement for users on the e-commerce platform.

2) Another worthy to mention challenge experienced on the e-commerce platform is non-satisfactory user experience. E-commerce has reached a tipping point. More than half of consumers now prefer to shop online. However, despite all the activity online, majority of merchants with small businesses still don't have their own website, and even when they do, the experience on many sites is not in the least encouraging! Any business that hopes to thrive--or even survive--must make an instantly appealing impression online, which requires a laser focus on the user experience.

The user experience is not a minor or irrelevant feature of an commerce site. Rather, it is the factor that has the single biggest impact on customer satisfaction, conversion rates, and ongoing revenues. There are lots of factors that degrade the user experience such as slow load times, confusing navigation tools, broken landing pages, cumbersome checkout processes, and many more. Any of these issues is annoying when experienced, but the consequences linger long after. Unsatisfied customers are far more likely to order fewer items--or even abandon their shopping cart altogether. They may complain to a customer service rep, who then has to apologize repeatedly for the same inexcusable website issues. As a result, frustrated customers are apt to vent to friends and family and spread a negative image of the entire brand.

SOLUTIONS AS OFFERED BY ELYSIAN

1) The ability to store sensitive data on the blockchain provides an ultimate level of security that was nonexistent in past years. Also, the use of smart contract confers an additional level of security on datas stored on the platform . Elysian aims to solve the issue of non security, hacks and identity theft by utilizing the proof-of-authority consensus which will allow for storage of sensitive information and users data on the blockchain. With this, users’ data can only be assessed using the private keys of the user (owner). This feature will be made available to all stores operating on the Elysian platform

2) The use of Artificial intelligence (AI) would be adopted by Elysian to assist users of the platform navigate properly while the site. Features such as last visited page, previously purchased items will be made available on the platform, with this, a satisfying user experience is guaranteed. This will attract more people to the platform hence improving patronage and ultimately more profits for business merchants utilizing the elysian platform for their transactions. Also, Elysian will provide optimum customer services that addresses specific customer issue rather than generalizing. Customer service responses to issues would focus on individual issues and not automated responses which are based on common users challenges experienced in the past. This way, users would be assured of prompt, specific answers to their problems, should they encounter anyone while transacting on the platform.

Elysian will act as a platform that connects e-commerce industries to their target consumers irrespective of their locations.

TOKEN

Elysian platform will introduce a token, Elycoin (ELY). The token is built on the standard ethereum smart contract (ERC-20) and will be the preferred method of conducting transactions on the platform.

TOKEN INFORMATION:

Name of Token: Elycoin

Token Ticker: ELY

Total Supply: 1 billion ELY tokens

Hard Cap: $7million 

Soft cap: $3million

Token sales: June 20th –July 8th 2018

OFFICIAL LINKS

website :Elysian.io

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

Twitter: https://twitter.com/Elysian_ELY

Telegram: https://t.me/elysian_ely/

Ann Thread: https://bitcointalk.org/index.php?topic=3333050.msg34852238#msg34852238

Bounty Thread: https://bitcointalk.org/index.php?topic=3332920.0

ABOUT THE AUTHOR.

LINK: https://bitcointalk.org/index.php?action=profile;u=1967323