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Kenes Rakishev promotes modern skills with robotics classes

School #174 receives a much needed donation: Kenes Rakishev grants a complete robotics class to the ...



ELYSIAN

ELYSIAN

ELY

Elysian is a decentralized Ecommerce platform that builds websites on the blockchain for Ecommerce merchants. The platform improves security by storing data across a distributed private network using Ethereum's private side-chain for Proof-of-Authority consensus. In addition, the platform creates enhanced user experience through the implementation of Artificial Intelligence for virtual assistance and simple website navigation, and Virtual Reality to promote increased user engagement to lower bounce rates in Ecommerce.

Completed
04.06.2018 08.07.2018


Elysian A decentralized platform to build Ecommerce websites on the blockchain Abstract Elysian is an innovative new decentralized platform that will use the blockchain to secure customer data, facilitate Ecommerce transactions, and drastically change user experience. The integration of smart contracts and data storage on a distributed private network will ultimately provide a higher level of security in the realm of Ecommerce. The interoperability of the platform will serve as the basis for sustainable growth. Extensive analysis into competing businesses exposes a lack of unprecedented user experience. The current market is not healthily sustainable as advancements in technology become more common. The implementation of Artificial Intelligence and Virtual Reality into Ecommerce will provide efficient website navigation, revolutionary product visualization, and a new level of user engagement. The extrapolated Ecommerce revenue projections indicate a lucrative future if companies can adapt to necessary market transformations. The Elysian Platform The Elysian platform is a blockchain-based intermediary between Ecommerce businesses, which build their customized websites on the platform, and their targeted demographic of consumers. The platform specifically focuses on improving two vital aspects of Ecommerce, security and user experience. Security The amount of data breaches in recent history is alarming. Moreover, the companies that are targeted by hackers are usually relatively large, and have some sort of noticeable vulnerabilities in their security structure. Elysian uses the blockchain to store customer data over a distributed private network, using Ethereum's Proof-of-Authority private blockchain. Any new node that wishes to be added must be voted on by the currently approved set of authority nodes, giving Elysian full control over which nodes can seal blocks on the network. Proof-of-Authority consensus provides a private blockchain to store encrypted user data securely. All user data will be encrypted to the private key of each individual user, and then distributed across a private network to prevent one single access point. User Experience Artificial Intelligence - Artificial Intelligence will help users navigate websites efficiently by directing them to the specific areas that they desire to visit. In addition, the primary use for AI in this particular case is for users that re-visit either the website itself or specific sections of the site. The AI will specifically direct the consumer to its last page visited or item viewed through verbal communication and vivid graphics to provide a simple yet thoroughly impressive level of user engagement. As a result, more items will be sold and Ecommerce businesses that operate on the Elysian platform will generate more revenue. The AI will function at a similar level to current mainstream, household names such as: Alexa (Amazon) Siri (Apple) Cortana (Microsoft) The Elysian AI will handle general tasks and information slightly more efficiently by providing more accurate, in-depth responses to user questions. The insightful responses and transparency make the Elysian solution a lucrative option for both Ecommerce businesses and users. VIrtual Reality - The Elysian platform provides users with the ability to create their own virtual reality that will lead to the ultimate Ecommerce experience. This will result in an unprecedented level of user engagement and experience, because the environment will be created solely by the user. Each virtual reality environment will be unique to each respective user. This function provides consumers with full control over their experience to customize it with their personal preferences. The ability to have control over these aspects are what help differentiate the Elysian platform from other platforms that operate both on and off the blockchain.

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