For instance, in 2017, the global market for Business to Consumer (B2C) Ecommerce surpassed $2 trillion (U.S. dollar) in annual sales. The market is also growing at very close to 10% annually. Ecommerce is indeed growing and part of what would also be attributed for the growth in Ecommerce is the growth in human population.
The number of worldwide digital buyers is also growing and expected to hit $2 billion (U.S. dollar) in the next three years.
However, Ecommerce, as we have it today, is faced by a number of problems which include lack of innovation in the design of websites to enhance user experience.
Another problem is the lack of security with the current Ecommerce websites which has resulted in reported breaches which is mainly because companies have not taken advantage of blockchain.
However, the rise of cryptocurrencies has created an opportunity which must not be ignored. This calls for a platform which would provide utility for cryptocurrencies and allow people to complete transactions using cryptocurrencies.
It was in an attempt to solve these identified problems and make Ecommerce websites better that Elysian was born.
Elycoin is an Artificial Intelligence innovative and decentralized platform for building E-commerce websites on the blockchain a product of Elysian team.
Elysian is on a mission to revolutionize the E-commerce landscape through the use of blockchain as a decentralized technology to store the data of consumers.
The solution which the Elysian platform is offering the entire E-commerce market is one that would be fully based on the Ethereum blockchain technology. Elysian would be providing high security for consumer data to facilitate E-commerce transactions. This high-level security would be achieved through the use of smart contracts.
The functionality of the Artificial Intelligence being deployed at Elysian would be similar to what we presently have with the current mainstream platforms such as Alexa for Amazon, Cortana for Microsoft and Siri for Apple. This would provide for ease of navigation of the Ecommerce websites.
Elysian has a utility token built on the ERC20 Ethereum standard. The Elysian token symbol is ELY. Which will serve as the sole currency 💱 of elycoin ecosystem, to be used all transactions. Below is an analysis of the Token Distribution and Fund Allocation as well
The Elysian team is made up of successful and well-grounded experts in the field of technology, Ecommerce, and blockchain. They include Leo Ameri who is the Chief Executive Officer (CEO) and Founder of Elysian.
Others members of the team are Jesse Brandenburg who is the Chief Financial Officer (CFO), Loan Hategan as the Chief Marketing Officer (CMO), and Levon Tikoyan who is the Chief Technical Officer (CTO).
The team is also made up of highly-experienced advisors which include Stuart Farmer as the Technical Advisor, Geoffrey McCabe as the Business Advisor, and Graham Doggart as the Fintech Advisor among other members of the Elysian advisory team.
Below is a screenshot of the team and advisors
The huge opportunity which the global E-commerce market provides for businesses and consumers is one that every business driven by E-commerce should tap into and Elysian is providing a platform to make this possible by leveraging the Ethereum blockchain technology.
Useful Links For More Information;
Official website: https://elycoin.io/
BitcoinTalk: https://bitcointalk.org/index.php?topic=3333050
WhitePaper: https://elycoin.io/whitepaper/english
Telegram: https://t.me/elysian_ely
Facebook: https://www.facebook.com/ElysianxELY
Twitter: https://twitter.com/Elysian_ELY
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