Do you know elysian means heaven or paradise
image a safe heaven for ecommerce transactions backed with cryptocurrency
WHAT IS ECOMMERCE
E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used in reference to transactional processes for online shopping.
The beginnings of e-commerce can be traced to the 1960s, when businesses started using Electronic Data
Interchange (EDI) to share business documents with other companies. In 1979, the American National Standards Institute developed ASC X12 as a universal standard for businesses to share documents through electronic networks. After the number of individual users sharing electronic documents with each other grew in the 1980s, in the 1990s the rise of eBay and Amazon revolutionized the e-commerce industry. Consumers can now purchase endless amounts of items online, both from typical brick and mortar stores with e-commerce capabilities and one another.
China’s e-commerce market continues to see high double-digit growth year on year. The Double 11 event on 11 November 2017 – also known as Singles’ Day, when single people in China celebrate, and which has become a popular shopping holiday – was a clear example of how China’s consumption-led economy is evolving digitally. Online marketplace Alibaba saw sales growth of 39% in comparison with the event in 2016, suggesting that Chinese consumers are confident in their spending and that consumption will continue to rise.
China: a booming market
China’s economy continues to grow steadily as it ended 2017 with GDP at 6.8%, according to China’s National Bureau of Statistics (NBS). In line with this positive momentum, at Nielsen we saw China’s consumer confidence index (CCI) reach a historic high of 114 points in both the third and fourth quarters of 2017, up two points from the second quarter of 2017 and six points from 108 in the fourth quarter of 2016.
CCI scores above and below 100 points represent, respectively, positive and negative consumer confidence. An all-time high CCI, coupled with healthy disposable income growth of 7.5%, as reported by the NBS, means that consumers are confident and consumer demand or consumption is expected to remain steady. We see consumption increasing as consumers in China spend more than ever: 43% more compared with five years ago. That’s leagues ahead of the 24% growth in the US and 33% globally.
T H E RI S E O F C RY P T O C URRE N C I E S
While the cryptocurrency market is establishing itself in the world of speculative trading, it has not yet been widely accepted as a viable transaction method for goods and services. Undoubtedly, one of the most common questions beginners ask is, “How can I use my cryptocurrency aside from trading on an exchange?” Until now, few retailers and distributors, including the major Ecommerce giants, have offered a practical solution. As a result, consumers in the cryptocurrency market are stuck in limbo with no solution, unless they want to go through the additional effort and pay the increasing fees of converting to fiat money. This is precisely why the 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 company that accepts cryptocurrency in exchange for products and services, people are still required to transact using fiat currency. The original design of the Bitcoin cryptocurrency was to bypass centralized monetary systems and enact true, peer-to-peer transactions. Nowhere in Satoshi’s landmark white paper did it state that Bitcoin was to be a purely speculative investment; yet, that is precisely what it has become
While the volatility is a positive for speculative investors, it is also causing more hesitancy on the part of consumers to use it as a reliable fiat currency alternative. Unfortunately, the cryptocurrency craze has attracted too many ICO startups whose intentions are focused solely on watching their valuation being pushed to the pinnacle by the speculators. Often, there is no other utility outside of their cryptocurrency merely being a way to inflate their bank accounts.
ElysianPlatform
The primary function of the Elysian platform is to revolutionize the entire Ecommerce industry by improving security and creating a new, unique user experience. 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 to help differentiate Elysian from competition in terms of user experience. 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. Elysian will also give third-party agencies the ability to build on top of the Elysian platform to host their current clients’ platforms on our platform. This will ultimately strengthen the Elysian ecosystem and provide immediate access to client bases of other Ecommerce platforms, giving them an incentive to switch to the
The Elysian ecosystem will serve as the gateway to a more efficient future, powered by the blockchain. Continued sustainable growth is only achievable if the current status quo improves. The current industry standard for security and user experience will slowly become obsolete. This process has already started. Consumers and businesses will adapt to the advancements of technology to the point that the antiquated technology that currently allows the industry to thrive will practically become extinct. Elysian is positioned perfectly to be one of the very first in the market at the ground floor of the oncoming technological revolution. First mover’s advantage plays a crucial role in the success for any business in any market. The ability to set the industry standard for a certain service allows companies to reach out to a large population and gain a significant competitive edge.
visit
https://elycoin.io/
https://elycoin.io/whitepaper/english
https://elycoin.io/lightpaper/english
