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**INTRODUCTION**
Nowadays all you hear about is cryptocurrency, but what does it actually do? Have you thought that crypto can change your life today or is it happening far away from now? The time to change the way you shop and sell online has come. The future of ecommerce is here. Have you asked yourself these questions, is my data safe? Can I pay with any other method besides a credit card or a bank account? Will I get my product shipped to me or could it be a scam? Why the fee is so high and why there are so many parties involved in this online transaction?
**THE PROBLEM**
We live in a world run by computers and filled with nefarious actors. E-commerce platforms are continuously targeted for their valuable data. Nearly 5 million data records are lost or stolen worldwide every single day. According to the Breach Level Index, that is a staggering 58 records every second. High profile data breaches hit the headlines with whirring frequency. For most e-commerce sites, the success of online payments has been registered to be around 65%. Low success rates along with low penetration rates of credit and debit cards and the unwillingness of consumers to put payment information online are the key challenges with respect to e-commerce payments.
There are approximately 9 regulatory bodies governing the e-commerce industry. This has led to difficulty in understanding and following laws related to taxation, FDI and capital structure. Investors who fund e-commerce companies are generally looking for quick results. If the company fails to meet revenue targets, investors are quick to freeze funds leaving both employees and customers in a tussle.
**THE SOLUTION**
Elysian can help drastically improve the current flaws in the e-commerce industry. Elysian is a decentralized e-commerce platform that integrates blockchain technology into our ecosystem to improve the e-commerce industry by solving important issues. The platform will offer security, user experience and both artificial intelligence and virtual reality and atomic swaps. Elysian will improve this aspect using smart contracts and storing customer data on a private blockchain to upgrade security. This will generate a level of trust in the business to consumer model that is currently non-existent. Elysian is essentially a decentralized platform to build e-commerce websites on the blockchain. Building the platform on blockchain simply means that there will be transparency and the risk of frauds and scams will be negligible.
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**HOW ELYSIAN WORKS**
Elysian through the use of smart contracts, blockchain technology, artificial intelligence and virtual reality is building the e-commerce platform of the future. Individuals will have the ability to quickly and securely launch online stores on the blockchain that offer convenience, data security and a whole new level of user experience. The Elysian platform will revolutionize the way e-commerce takes place as trustless transactions and data storage become the essence of internet 3.0. Elysian uses Proof of Authority algorithm. The aim behind using this algorithm is to generate trust in e-commerce and provide substantially high level of data storage security. Elysian uses AI and VR. This will give Elysian an added advantage against competition that use old methods user experience and customer interface. Customers will enjoy the comfort of shopping at home and still feel the engagement that they feel in a store.
**CONCLUSION**
There is no doubt that the e-commerce industry has plenty of room to grow. Elysian is integrating AI and VR together to provide a better e-commerce experience to the consumers. However, virtual reality will be integrated in the platform in 2023. The project is unique and the team behind the project is adequately qualified backed by some serious advisors. The prototype of the project is in the works which generates trust in the project. 35% of the tokens will be used to create the project's growth pool. Growth pool will facilitate the community to grow which is important for the success of the project and for the implementation of Proof of Authority algorithm.
**Website** - [https://elycoin.io/](https://elycoin.io/)
**Whitepaper** – [https://elycoin.io/whitepaper/english](https://elycoin.io/whitepaper/english)
**ANN thread** - [https://bitcointalk.org/index.php?topic=3333050.msg34852238#msg34852238](https://bitcointalk.org/index.php?topic=3333050.msg34852238#msg34852238)
**Telegram** - [https://t.me/elysian\_ely](https://t.me/elysian_ely)
**Published by** – dannywhelan
**Profile** - [https://bitcointalk.org/index.php?action=profile;u=1606458](https://bitcointalk.org/index.php?action=profile;u=1606458)
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