ELYSIAN: IMPROVING SECURITY IN THE E-COMMERCE AND CREATING A REVOLUTIONIZED USER EXPERIENCE.
CONCEPT
Elysian is a decentralized platform of innovation that uses ethereum block chain to safeguard user’s data, enhance e-commerce transactions and revolutionize user experience. Using smart contracts and block chain technology, Elysian’s e-commerce is assured of maximum security.
Competing platform suffer a lack of user experience that is unprecedented which is not promising for a sustainable development as technological advancements are becoming more rampant. Elysian seeks to solve this problem through he integration and execution of Artificial Intelligence (AI) and digital (virtual) reality into the e-commerce industry and also the integration of its tokens which will be used to incentivize the users that has an important role to play towards the growth of the platform.
The Elysian forum is used as a medium for communicating among users for potential partnerships, developing ideas that would expand the company in the future and utilizing tokens. The platform oversees the affairs in the platform and reserves the right to cancel any vote that was not conducted responsibly on the platform.
The platform uses ELYCOIN (ELY) to ensure a smooth run of the platform. This is to say that being the choice method of transaction, it is an integral part of the system. The token, an ethereum based token, will be used to reward users who contribute to the sustainable growth of the platform.
GOAL
To improve the security and efficiency of e-commerce transactions beginning with the first successful beta test on the platform using the Elysian online store and its initial partner companies.
BENEFITS AS THE PLATFORM OVERCOMES CHALLENGES PLAGUING THE CRYPTO UNIVERSE.
The Elysian e-commerce system provides its users with the liberty of utilizing their cryptocurrency however way they chose unlike most platforms that has no practical answer/solution to the question users ask about how else they (users) can use their cryptocurrency apart from trading it on an exchange.
Security issues is another problem plaguing the crypto universe as cyber identity theft occurs and people loose their treasury to hackers who loot maliciously for their personal gains. Thus has caused trust issues as people are not very willing to invest in something only for that thing to be taken away by thieves some day.
Integrating block chain technology and audited smart contracts, Elysian seeks to solve security issues as both would enhance trust and allow user’s information to be totally decentralized without any third party interference.
Elysian uses proof of authority, a recent concept in the block chain space which is similar to proof of stake but differs as it has “sealers” (preapproved authority nodes) also called mining nodes. Using this, a new node that wishes to ‘come on board' must be approved by these sealers. This avails the platform full control over nodes that can deal blocks on the network.
The proof of authority provides a certain level of security as user data will be encrypted to the private key of that particular user. This would enable a private access on the network and freedom from malicious cyber attacks.
The Artificial Intelligence (AI) technology and virtual (digital) reality of Elysian will function on Amazon, Apple and Microsoft to enable a better, convenient, faster, enjoyable, effective and efficient user experience.Users of the platform can also use it for the promotion of their businesses and this will provide an upgraded level of functionality. The platform will act as a middle man between a user and his target consumer.
TOKEN DETAILS
Token details
Ticker:ELY
Platform:Ethereum
Token Type:ERC20
Soft cap:3,000,000 USD
Hard cap:19,000,000 USD
To know more about the project, click the links below;
Website: https://elycoin.io/
Whitepaper- https://elycoin.io/whitepaper/english
Ann Thread: https://bitcointalk.org/index.php?topic=3333050.msg34852238#msg34852238
Video-
Writer: oly4life
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1577997