Elysian: the decentralized e commerce platform.

The benefits and potentials if the e-commerce sector cannot be over emphasized.

This sector reduces unemployment in the society .
Makes the buying and selling of goods and service easy and convenience for its teeming populace.
It is estimated that the global retail e commerce sales will reach about 4.5 Trillion USD by 2021.
This goes to show how exponentially the sector is growing and that if its efficiency is improved greatly ,I believe it would net above the above figure by 2021.

There are some many issues that are not helping the continuous growth of the sector.
Such as: data security and privacy.
Payment issues.

There needs to be improvement in these areas.

The present system of data storage is prone to hack and identify theft because of its centralised structure.

The centralized structure makes it easy for third party tampering.
This is why the prevalent of users data being sold to companies, used for personal businesses is on the increase.
Did you know that data of users getting into the wrong hand could be used to:
Damage the reputation of the user.
Harm the user.
Steal from the user.
Etc

And we cannot talk about improvement without talking about the present payment systems inefficiency as regard to service delivery in the e commerce sector.
The inefficient payment system is becoming a clog on the wheel of progress of this sector.

Payment confirmation takes considerable amount of time....which could result to fraud.
For instance, if miss D purchased some dresses from Mr T , but after transferring money to Mr T is expected to wait until Mr T gets payment credit notification from his bank .
The likelihood of Mr T selling those dresses to another customer and sending some similar inferior quality version of the dress to Miss D is high.
That's fraudulent , isint it?

If Mr T had got payment confirmation instantly, the chances of carrying out the criminal activities wouldn't arised.

This is where Elysian comes in.

WHAT IS ELYSIAN?

It is a decentralized platform to build e commerce websites on the blockchain.

Elysian aims to providing an e commerce platform that is powered by the blockchain technology and connects the e commerce sector with the crypto market.

It would make it possible for users to transact businesses from the cosy comfort of their homes through its artificial intelligence and virtual reality features.

Elysian would make for the secure storing and protection of users data. As users data would be stored on the blockchain through its proof of authority algorithm and proof of authority consensus.
Its no gainsaying that when data of users are securely stored , the confidence level and trust in e commerce will significantly increase....knowing that there's nothing to fear regarding data being compromised or used builds trust and confidence.

And this in turn results to increase in the e commerce growth and adoption.

Elysian through its growth pool platform will make for users seamless interaction directly with the elysian team .

It would provide an efficient means of payment through the ELY token.

This will make it possible for payment transactions to be confirmed on time ....which will go a long way in improving efficiency of the e commerce sector.

Elysian has successful concluded its ICO sales and raising its hardcap.

Useful links

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

Author's bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2050118