The Elysian ecosystem serves as the gateway to the future of Ecommerce.
Ecommerce is a massive global market which has surpassed trillion sales. The continual increase in Ecommerce is supported by several factors.
There are between 2 million and 3 million e-commerce companies in the world and this excludes China.
Within the next 4 years, Ecommerce will encompass just over 15% of the global retail sales market.
China will continue to maintain its number one position as the most significant Ecommerce comprising 85% of the online shopping penetration and 15.9% of the total retail sales worldwide.
Elysian have come up with ways to solve ecommerce problem using blockchain and improved user experience with vivid graphics detailed designs to satisfy consumers and at the same time increase efficiency.
Elysian Ecommerce platform is needed to provide consumers with the freedom to utilize their cryptocurrency in any manner they choose.
As it stands now, in the absence of an Ecommerce that accepts cryptocurrency in exchange for products and services people are still required to transact using flat currency.
Security on Blockchain
Lack of security is the pressing concern in the Ecommerce industry and cyber-security is one of the most crucial features of electronic commerce. Without proper protocols in place, online retailers put themselves and their customers at risk for payment fraud. Hacking is a huge risk for all online merchants, but accepting a fraudulent payment also comes at the cost of having to refund the charges.
E-commerce security strategies deal with two issues: protecting the integrity of the business network and its internal systems; and with accomplishing transaction security between the customer and the business.
This is why blockchain technology is best suited for it. The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Blochchain is highly secured using cryptography.
Blockchain has been able to store customer’s data in their platform and this is a revolutionary new level of security that was nonexistent in past years.
Also the use of smart contract also provides another element of trust for consumers. This smart contract will be audited to guarantee proper coding.
Ultimately, Elysian ecosystem will use proof-of-authority consensus to provide a private blockchain to store encrypted credit card information and other user data security over a distributed network.
The Technology Itself
The primary function of the Elysian platform was designed to revolutionize the entire Ecommerce industry by improving security and creating a new, unique user experience.
Built on Ethereum Blockchain and the platform will be powered by ELYCOIN with the ticker (ELY) an Erc20 token. Elysian will be the first Ecommerce platform to combine two vital aspects that are necessary for the progression of the industry - integrating blockchain to store all customer data securely and using technological advancements such as Artificial Intelligence and Virtual Reality.
Clients will have the ability to use the Elysian platform for their own businesses, providing an upgraded level of functionality.
The platform will act as a foundation for other future Ecommerce businesses that will enter the space. Essentially it will act as an intermediary between our clients and their target consumer demographic. The Elysian ecosystem will serve as the gateway to a more efficient future, powered by the blockchain.
It is a major fact that the Elysian platform is making a way for easy technology use most especially for the future. Elysian will come to be the best of its kind.
Finally, Elysian will improve the security and efficiency of Ecommerce transactions using the Elysian online store and its initial partner companies.
The integration of blockchain technology and smart contracts will provide a higher level of security and secure data storage to increase trust in the business-to-consumer relationship will have access to a highly responsive and tech-savvy consumer market through the Elysian platform and ecosystem.
Ecommerce platforms, in addition to an enhanced, unprecedented user experience.
The long-term business model presents a strong plan of action to thrive in a market that is projected to increase consistently over the course of time.
Consequently, the integration of the Elysian platform into the Ecommerce industry at the infancy of the technological revolution serves as a planted seed to provide the capability to control a substantial portion of the industry in the future.
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