Hello readers, Our aspect today would be focused on a very captivating project called "Elysian". Firstly, I want you all to know that the team behind the project (Elysian) are going to create a revolutionary blockchain based eCommerce platform. Like we all know the industry of eCommerce is huge and nowadays is equivalent to 2 billion USD. And the Elysian project has a pretty ambitious goal, to revolutionise this sector.
Now, what is Elysian?
This is a decentralized e-commerce platform which plans to allow businesses to run their own commerce website on the blockchain. Elysian plan to be the agent between merchants and their targeted groups of consumers and function somewhat similar to Shopify in this regard. The blockchain technology will give Elysian the edge, by enabling them to tackle the two major issues of user experience and security that are currently affecting the industry negatively.
Among the features of the project would be blockchain technology, virtual reality and artificial intelligence, to improve upon the current e-commerce model and in turn, establish itself as a major player in the industry.
Elysian Ecosystem.
Like I mentioned earlier, there are two main problems which the project (Elysian) plans to solve in the near future. First is the lack of user experience. Most people out there are not ready to engage in tech work, and we want the websites and apps that we are using to be as simple and comfortable by all means. In this way the project (Elysian) would improve this factor among the industry by implementing the Virtual Reality and the Artificial Intelligence.
Second, the security in the eCommerce industry. The e-commerce sector is raising rapidly, but not all the companies have the same security level. The customers need to be sure about their data and we all know a lot of examples of when such a data have been stolen. The solution of the Elysian project is to combine the eCommerce and blockchain. The two solutions mentioned will lead the users use the platform, navigate them and help, if needed.
Elysian Token.
The ELY token is an ERC20 utility token that can be staked for voting rights on the platform and will be used to drive community interaction with the project. Whereby when a member comes up with an idea on how to improve Elysian or introduce a potential partnership, they will be eligible to either receive funds from the growth pool or can spend their own tokens in order to complete the task. The voting rights will be used to vote on projects that intend to launch on the platform and to allow the release of funding to the project either by Elysian, a member of the community, or a combination of both.
In conclusion, the project is very promising with its long-term aims and direction that is laid out in their whitepaper. Well it seems way ahead of any competitors in the blockchain part, and the team plans to make it a major player in the wider economy.
For more information about the project, visit the following links:
Website: https://elycoin.io/
Whitepaper: https://elycoin.io/whitepaper
ANN/Bounty Thread: https://bitcointalk.org/index.php?topic=3332920.0
Telegram: https://t.me/Elysian_ELY
Twitter: https://twitter.com/Elysian_ELY
Youtube: https://www.youtube.com/channel/UCm0BGtPu1nB-7HbeJsHKJTw
Author bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1578037
