Elysian, a blockchain based startup, is all set to create a relationship of trust between the businesses and consumers in e-commerce like never before by addressing the most common shortcomings of this thriving industry. This decentralized ecosystem will drastically transform the standard e-commerce business model by ensuring faster delivery, secure customer data storage, and identity theft protection.
Elysian is making quick inroads towards their pursuit to deliver a decentralized e-commerce platform with innovative security and revolutionary user experience. A blockchain based ecosystem, Elysian will be the first e-commerce platform to integrate blockchain for the secure storage of all customer data and utilize the technological advances such as Artificial Intelligence and Virtual Reality to deliver an unprecedented user experience.
Business to consumer (B2C) e-commerce is a massive global market, expected to generate global sales exceeding $4 trillion by 2021. However, the lack of trustworthy cybersecurity, primarily in the form of identity theft, remains to be a serious concern for the industry. Moreover, the cryptocurrency enthusiasts all over the world are still waiting for an e-commerce platform that will accept cryptocurrency in exchange for all their products and services. From an overall perspective, till now, the industry still has much room for improvement in terms of user experience, specifically by integrating new types of technologies.
Elysian makes e-commerce trustworthy by creating an improved level of data storage security by using the Proof-of-Authority algorithm. This will ensure the creation of an ecosystem with a private blockchain to store encrypted credit card information and other user data securely over a distributed network. With the application of Artificial Intelligence and Virtual Reality, it will allow shoppers the freedom to shop at home in an intimate environment and…