ELYSIAN
This is a new decentralized platform based on Ethereum blockchain. Elysian secures customer data, oversee E-commerce transactions and significantly transform user experience. The use of smart contracts and blockchain technology ultimately provides an unmatched security level in the E-commerce field. It is also interoperable, a feature that will serve as a basis for future scalability and sustainable growth.
PROS
- The platform provides a very secure place that will win the trust of all E-commerce stakeholders, allowing the industry to flourish at a previously unprecedented rate.
- Elysian token, the platform token, provides access to transactions, and, in turn, directs potential customers into the ecosystem. Such consumers will be enticed to join the Elysian community and take part in the growth of the company.
- Statistical evidence from similar companies (Shopify and Woocommerce) show that Elysian has a bright future. The E-commerce industry, particularly in Asia, and the platform is well-positioned to benefit from the growth.
- It uses Proof-of-authority (POA) algorithm, which is superior to classical proof-of-work and proof-of-stake algorithms. In POA the introduction of new nodes must be voted for by approved authority nodes.
- Elysian utilizes the latest AI solution. The AI handles general tasks and data more efficiently than existing platforms by providing more accurate and in-depth responses to customer questions.
- The team; besides a large number of team members, there is a gender balance. All ages are also represented and as such interests of different ages group darer taken care of.
- The whitepaper: it covers all the crucial aspects of the platform. It also uses different methods of delivery creating a captivating piece.
CONS
- The images used in the whitepaper and other pictorial representations are somewhat dull. The choice of colors (grey all through the first pages) creates the impression of a classical system.
- Relying on voting rights for project applications on the forum can cause challenges. There is a possibility many voters composed of the ordinary populace who have little knowledge in the blockchain.
- The platform is using statistics and lessons of its predecessors in the market companies face unique challenges despite targeting the same industry and having some similarities.
SUGGESTIONS
- The whitepaper should include brighter and hence more appealing images to excite the reader. The mage color should also be varied for different items to create variability.
- The platform should form a team of highly specialized individuals who will first judge wisely any project before presenting to voters.
- It should carry out independent research, perform SWOT analysis and predict challenges the ecosystem is likely to face as opposed to relying on previous industry entrants.
NOTE: E-commerce industry is continually expanding and any ecosystem aligned towards it is bound to realize positive returns. With the current adoption rate of the digital currency, securing personal data is critical. I want to take part in transforming user experience and as such will invest in the platform.
