Elitium - Transforming The Luxury Experience

Luxury has nothing to do with net worth but everything to do with self-worth source

When some people hear luxury, they start thinking about private jets, Royce Rolls, champagne and all sort of out-of-this world kind of pleasure. To some extent that statement is somewhat true, but to a larger extent it's not.

The act of living a luxurious life is simply living in a state of perfect comfort and solace. This is where some people missed it, to them the idea of living luxuriously tends to appear as an extravagant or out-of-this world kind of lifestyle. However, it is very vital to note that luxury isn't all about spending millions on exotic cars and private jet (maybe for some people), rather having a good time with yourself in an environment far from home.

Without further ado, in conjunction with luxury, it's my pleasure to introduce yet another invention upon which living a luxurious life won't be a big deal. That said, welcome to ELITIUM.

Elitium is a disruptive invention that is re-shaping the world of luxury with the help of a smartphone application and a Virtual Executive Robot Assistance (VERA) in an attempt to put the luxurious lifestyle within reach of anyone, from any part of the world. This will be possible with the help of smart contracts, artificial intelligence and of course cryptocurrency. Truth of the matter, Elitium could change the very meaning of luxury.

Basically, the goal of Elitium wasn't designed to change the luxury sector, but to spur the mass acceptance of cryptocurrencies as a means of payment.

In accordance with their official whitepaper the idea of Elitium started from the team behind Boatsters. Boatsters is a world leading rental company the specializes on renting of yachts and boats, the company have offices is key areas like Mallorca (ES), Miami (US) AND Amasterdam(NL).

Boatsters has grown rapidly in a short time, the company was founded in 2015 and since then, it has surpassed an enormous growth with over 21,000 yachts and actively operating in 16 different countries. In truth, Boatsters has always been a precursor for introducing blockchain technology into the traditional yacht rental industry.

Strangely enough, Boatsters is the only platform that accepts up to 60 cryptocurrencies as a means of payment when renting yachts. This achievement is definitely an important milestone for Boatsters as earl- adopters in their field.

Culled from their official whitepaper

Why use a blockchain-based solution?

Blockchain technology as we all know is a decentralized, distributed and public ledger that is designed to record transactions across diverse computers in a way that no record can be tampered or changed after it has been registered on the block.

  • Transparency

In contrast to how our traditional banks operate where no user is allowed to view another user's transactions, that is not the case for blockchain technology. Blockchain technology being in it's transparent state allows users across the world to view another user's operations (but can't tamper or avert it).

  • Quality Assurance

In situations where there is any disorder or inconsistency detected on the chain, it is the work of blockchain network to spot such activity and lead you to the origin of such cause. This singular act doesn't only help spot errors in our transactions but saves the time required to carry out the essential analysis.

  • Traceability

Another vital advantage of a blockchain-based solution is the fact it's highly traceable. As such, in the case of supply chain management, blockchain technology can be used to trace the source of any transaction as well as the receiver. This will lead to an improved level of transparency in the business sector and other financial sectors.

In no uncertain terms, Elitium is the perfect showcase of how the traditional banking system model can be advanced with the help of blockchain technology. Additionally, Elitium will offer users tailor-made experiences as well as discounts with it's lifestyle app.

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