Revolutionizing the E-Commerce Industry

With the business-to-consumer ecommerce market becoming one of the largest markets in the world surpassing $2 trillion in sales, there is ample opportunity for improvement in the industry. Elysian, a blockchain-based ecommerce platform, provides some avenues of improvement for ecommerce. The Blockchain technology in the Elysian platform provides security, while the integration of Artificial Intelligence and Virtual Reality improves the user shopping experience.

Blockchain technology provides an immutable public ledger that prevents any individual from tampering with the information inside. The decentralization aspect of Blockchain technology splits data across multiple servers instead of being centralized into a single server. This reduces the visibility of the data to hackers and improves overall data security.

In addition, as Elysian is based on the Ethereum platform, there is the integration of smart contracts. Smart contracts are programs that autonomously carry out the terms of a contract without the need for a third party. The contract on the Elysian platform will be able to store all the aspects of the transaction to ensure that the process goes smoothly. Besides that, the contract is also audited to ensure that the code of the program is proper. This allows the smart contract to have legitimacy and security, giving users a peace of mind.

Artificial Intelligence helps users on the Elysian platform navigate through ecommerce sites much more efficiently by analysing their needs and directing them to areas of the website that they actually want to visit. In addition, the Elysian Artificial Intelligence has the ability to ‘remember’ what users last saw or visited on the platform. The Artificial Intelligence can then display this to users using vivid graphics and verbal communication. Compared to other household Artificial Intelligence like SIRI and ALEXA, the Elysian Artificial Intelligence can provide much more detailed responses to user questions which greatly increases its usability. In addition, unlike these other Artificial Intelligences, the Elysian Artificial Intelligence does not need to rely on selling personal data in order to make a profit. The Elysian solution is able to provide a better yet more transparent Artificial Intelligence for the ecommerce industry.

On the other hand, Virtual Reality is able to provide a higher level of user engagement by bringing the experience of a brick-and-mortar store right in the comfort of your living room. The presence of vivid graphics and detailed descriptions of products listed in Elysian allows ecommerce businesses to connect better with their customers. Additionally, users are able to customise and tailor the look of the virtual stores to their own preferences, helping to set Elysian apart from the rest of the ecommerce industry.

It is predicted that the ecommerce market will experience an annual growth rate of 9.9%, exceeding $4 trillion by 2021. This fast paced growth will be accompanied by many opportunities for businesses like Elysian to innovate in the space. I believe that the innovations brought about with Elysian will help revolutionize the ecommerce industry.

Find out more about Elysian at:

Website: https://elycoin.io/
Whitepaper: https://elycoin.io/whitepaper/english
Telegram: https://t.me/elysian_ely
Facebook: https://www.facebook.com/ElysianxELY
LinkedIn: https://www.linkedin.com/company/elysian-ely