You probably heard about Blockchain technology because it is trending now. Information stored on blockchain technology is incorruptible. Blockchain stores information simultaneously on millions of computers rather than storing on a single system. It becomes very difficult or impossible for any hacker to steal the information. And ELYSIAN uses blockchain technology to create e-commerce websites. Blockchain provides higher level of security than our current technology. User data security is the major concern in the growing e-commerce market. Equifax's data breach is a lesson to us. Privacy of users get compromised when data breach happens. Elysian is here to protect our data.
E-commerce industry challenges to Elysian :
Security for users data is the major challenge for e-commerce market. Wherever a shopping website get hacked users personal data, address, credit card details and financial details get breached. And also today's shopping websites are not completely accepting cryptocurrencies. Crypto asset holders are only left with trading. In order to buy products users have to sell their crypto tokens to convert it to fiat currency then only they can buy products. To convert crypto to fiat exchanges charge huge fee. User interface of any e-commerce website should be simple. Today's shopping websites are complex they many times users cannot find the products. Search engines are not so powerful like Google to find the products.
ELYSIAN solution to these challenges :
In order to protect users data Elysian uses blockchain technology. As Blockchain provides higher level of security than any other technology. Elysian allows to create e-commerce websites on blockchain technology. Along with that e-commerce websites built on elysian platform will accept all types of cryptocurrencies for the purchase of products.
Elysian also had a special feature called atomic swaps.
Atomic swaps : With atomic swaps users can freely convert any crypto token into other crypto token. This conversion of crypto tokens is free and their is no need of any exchanges, which charges high fee to convert tokens.
Elysian platform is implementing Artificial Intelligence and Virtual Reality in order to enhance the user navigation and experience.
Artificial intelligence : Artificial Intelligence (AI) is mother of the technology. AI can do work far more accurate than humans. AI assistants are like Amazon's Alexa and apples Siri. These AI assistants help users to navigate the website in the Elysian platform. Users can find the products very easily and save their important time. With voice over commands people can search for products.
Virtual reality : Virtual reality (VR) is like creating a virtual world at anywhere and at any time. It's the unique piece of technology that will change the shopping way. VR generates computer created virtual world around us. By wearing VR headset you can now feel store like experience. Products seen through VR are with detailed colour and high graphic helps to examine the product in depth. You literally go shopping anywhere around the world by sitting in your home with VR. Implementation of VR in e-commerce industry will revolutionize the shopping experience.
Token details :
Elysian uses ELYCOIN ELY tokens which is ethereum blockchain powered ERC20 compatible token. With ELY tokens users can explore Elysian ecosystem. And make transactions with it.
Growth Pool : Elysian reserves 35% of its tokens that's is 350 million for growth pool. With this elysian team can interact with its community over project progress. Elysian team can take suggestions about the project and also users get reward with ELY tokens.
ICO ratings of Elysian :
Elysian team :
Conclusion : Elysian is providing security for users data with blockchain technology. E-commerce websites built on Elysian platform are most secured. With artificial intelligence users can easily navigate and find products on websites. Virtual reality help to make realistic shopping from home. VR is the next big game changer in the e-commerce market. And elysian is truly doing that. Features like atomic swaps are helping users to convert tokens and shop with cryptocurrencies. It's really an realistic use case project. It's unique in many ways. It is an good opportunity for you to get involved and to invest in this project.
Know more about Elysian here :
Website : https://elycoin.io
Whitepaper : https://elycoin.io/whitepaper/english
Bitcointalk : https://bitcointalk.org/index.php?topic=3332920.0
Twitter :
https://twitter.com/Elysian_ELY
Telegram : https://t.me/elysian_ely
Facebook : https://www.facebook.com/ElysianxELY/
Medium : https://medium.com/@Elysian_Ely
LinkedIn : https://www.linkedin.com/company/elysian-ely
YouTube : https://www.youtube.com/channel/UCm0BGtPu1nB-7HbeJsHKJT
About Author : Abhijeetcg