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Elysian is the most innovative and revolutionary concept that will completely transform the landscape of Ecommerce. A lot of innovations and modifications in the Ecommerce will be witnessed very soon such as improved efficiency and security for consumers and investors. All these improvements would be brought into effect with the integration of blockchain technology which is essential to maintain the highest level of trust in the industry. However, before we go into further details lets discuss how the standard Ecommerce is functioning.

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If we look at the Ecommerce industry worldwide, we will notice the dominance of China on the industry which is due to the enormous Chinese population. In spite of apparent dominance on the industry the Chinese consumers are still not wholly buying from Chinese retailers. As a matter of fact, 59% of the consumers worldwide including Chinese consumers are buying on Amazon. The similar trend is witnessed in other parts of the world including Europe, North America, Latin America, Africa and other parts of Asia. A significant number of the consumers are buying the goods from non-domestic retailers.

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Although the popularity of mobile phones is growing and the usage of mobile phones is increasing exponentially yet a vast majority of consumers prefer to make online purchases using their laptops. Here a difference is quite obvious, the Chinese consumers prefer online purchase via their mobile phones at a higher rate as compared to the consumers in the other parts of the world which is mainly due to the better acceptance of mobile third-party payment facilities.

As the Ecommerce market is growing and its acceptance among the consumers is steadily increasing, the platforms like Shopify and WooCommerce are becoming more popular. Both the platforms are experiencing a healthy growth in their revenue. The growth in the acceptance of these two platforms is mainly because of the increase in mobile commerce. More and more businesses are joining these platforms and its expected that the transitioning will accelerate at a higher pace in the coming years.

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As mentioned earlier, Asia is leading in Ecommerce growth and the trade in this region will continue growing at a much higher pace as compared to the other parts of the world. However, its expected that the Asian model will be imitated in other regions too and on the whole the market will continue growing in the near future. The prevailing market situation reveals that the current Ecommerce platforms can sustain and survive without any threat of competition but in fact its just a temporary phase. These Ecommerce platforms are benefiting from the factors such as easy access to the consumers, simple operation and good reputation. However, there is still a lot of room for improvements for instance none of these companies are operating on blockchain because of which the users are not always satisfied with the services provided by the standard platforms.

Elysian will provide a decentralized blockchain enabled platform that will ensure a high level of trust with improved data security. The platform will use Proof-of-Authority algorithm which will provide a private blockchain to securely store the encrypted sensitive information such as credit card details and other personal data that will ultimately improve the trust and satisfaction of the consumers.   
   
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# Company 
Website: https://elycoin.io/ 
WhitePaper: https://elycoin.io/whitepaper/english
LightPaper: https://elycoin.io/lightpaper/english 
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3333050
Telegram: https://t.me/elysian_ely
Twitter: https://t.me/elysian_ely   
Facebook: https://www.facebook.com/ElysianxELY/ 
Code: https://github.com/Elysian-ELY/Smart-Contract

Proof of Work for https://bitcointalk.org/index.php?action=profile;u=1887821