Eligma, an AI-driven Blockchain Platform That is About to Change the Online Shopping Experience

March 2nd, 2018 – Eligma, a cognitive commerce platform, will be connecting existing e-commerces and second-hand marketplaces into a one-point-stop for users. By harnessing AI and blockchain technology, Eligma is changing the way users discover, purchase, track and resell items online. To provide a new simplified user experience, a Slovenian-based company is set to launch its crowd sale on April 17 with a hard cap of $24 million.

Eligma was born as a response to problems identified in traditional retail and especially e-commerce, which has exploded in the recent decade. The project is entering a market, in which sales reached 2.3 trillion U.S. dollars in 2017. It aims to offer a set of previously unanticipated solutions to discover, purchase, track and resell items. This is now viable due to the development of artificial intelligence and blockchain technology.

“The value of Eligma is in its ability to give people the one thing they can never buy – time. It keeps track of our purchases and gives us a better overview of what we possess. It calculates the value of what we own and predicts when it`s the best time for us to sell. That is how Eligma is turning every household into a business,” explains CEO and founder, Dejan Roljič.

Eligma’s goal is to offer a comprehensive set of solutions, consisting of discovery, inventory and loyalty pillars. Using artificial intelligence, Eligma`s engine algorithm will process millions of data points from numerous online stores to compare product specifications and characteristics in order to find the product with the exact specifications users are looking for.

To save additional time and hustle, Eligma will introduce a unified shopping account, meaning that a single shopping cart and checkout process will suffice to complete purchases in multiple online stores at once, whereas the platform`s cryptocurrency payment gateway will enable users to pay with cryptocurrencies even if the online stores don’t support them yet.

With the inventory feature, users will be able to see the AI-predicted current and future item value and then decide when to sell those items. That is how every household will become a business. Eligma will offer various possibilities of using its ELI token for activities performed on the platform. Users will be rewarded for using the token through a universal loyalty system. It will consolidate merchants in an integrated open-loop universal loyalty system and provide a simple and convenient user interface. There will be no need to register with a standalone loyalty program of each merchant.

The idea of solving the problem of the abundance of products found online has brought together some of the most prominent entrepreneurs: “We are partnering with important individuals and organizations to have access to an array of knowledge, expertise and experience in commerce and technology. Amongst the advisers are Andy Baynes from Nest-Google-Alphabet and Peter Moricz from ChainX, both promising a global reach and impeccable delivery,” adds Dejan Roljič.

The Eligma company was founded in 2017 by three experienced Slovenian businessmen – Dejan Roljič, founder of ABC Accelerator, Matej Gregorčič, founder and CEO of Viberate, and Jože Mermal, CEO and chairman of BTC d.d. The development process of the platform is additionally reinforced with strategic partners, such as Spartan Solutions and Netis, both leading cryptocurrency and blockchain development companies in Europe.

To develop a technological solution for resolving the drawbacks of commerce and e-commerce and simplify the shopping experience, Eligma is raising funds through a public crowdsale, starting on April 17th. Early contributors will be able to join the presale of the ELI token, starting on March 20th. To learn more about the AI-driven blockchain platform that is about to transform online shopping experience, visit www.eligma.io.

Contact

For more information about Eligma and its development process, please contact Sara Draskovic at media@eligma.com.

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New Trend: Why Companies Replacing the Term “Blockchain” to “DLT”

Due to harmful hype to innovative chain of transaction blocks, some companies use “DLT” instead of “Blockchain”, which stands for Distributed Ledger Technology.

The term replacing begins with that some organisations, in their advertising and informational campaigns, decided to change the word “Blockchain” to “DLT”. Such a move connected with the hype about the blockchain technology. Therefore the companies, in order to take some of the negative from them,went on that kind of cunning. In this regard, an independent analytical company Forrester Research has made their own investigation.

Company analytics point out, that “Blockchain” is a trend-word of crypto industry, which many crypto projects abused. The word is used even when the technology isn’t used in the product. The usage of “Blockchain” for the hype invalidate the technology itself.  Since, the blockchain in general is associated with cryptocurrency, when the company which are not related to the world of cryptocurrency, decided to go away from the naming technology and started to use the word “DLT” , in order not to associate their activity with the digital money.

Meanwhile, the word “Blockchain” overtakes the word “Cryptocurrency” by frequency of requests in the world search, according to the Google Trends.

Source:Google Trends

We want to remind you:

The Number of Searches for “Bitcoin” in Google Has Skyrocketed

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Seven EU Member States United To Adopt Blockchain In Their Countries

Several European countries, namely France, Spain, Portugal, Italy, Cyprus, Greece and Malta, signed an agreement to promote and boost blockchain adoption in their regions. They argue the blockchain technology is able to strengthen their economics, as well as increase well-being of the population.

The declaration, signed on December 4, also anticipates collaboration on development of the technology, so that countries listed above become leading regions in this sector.

“We believe that Distributed Ledger Technologies could be one of the instruments that can help our countries [the Southern European Union countries] transform their economies and society into truly digital ones and become a leading region in this sector.”

From their point of view, blockchain may be used in different spheres, such as certifying product origin, education, transport, mobility, shipping, land registry, customs, company registry, and healthcare.

Malta’s parliamentary secretary for digital economy, Silvio Schembri, was extremely excited by this news, tweeting that he is “proud” to see Malta being a “leading role” on blockchain cooperation.

We remind you:

A New Blockchain Association To Be Launched By The European Commission

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HTC Move Aside, Sirin Labs Comes Out with a Cutting-Edge Blockchain Smartphone

The Spain-based company Sirin Labs is preparing to ship Finneys, their latest product. It is a smartphone that works on the blockchain technology and serves as a platform for decentralized apps. Its final design and functions were revealed on November, 29.

A couple of months ago, the company concluded a successful ICO, having collected over $150 million in investments. This made the Finney phone possible. The phone costs $999, and it can be purchased with SRN tokens. The shipping will start in mid-December of this year.

Though being creative, Sirin Labs did not come out with the original idea. HTC has also released a blockchain-based model of a phone. We remind you:

Pre-Orders for the HTC Blockchain Smartphone Are Now Open

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Amazon Creates a Brand New Blockchain Service

One of the world’s largest e-commerce marketplaces Amazon is exploring deeper into the blockchain technology. It launches a platform where the users will be able to run blockchain networks and apps while avoiding any additional expenditure.

As the official press release of Amazon describes the launch:

Amazon Managed Blockchain is a fully managed service that makes it easy to create and manage scalable blockchain networks using the popular open source frameworks Hyperledger Fabric and Ethereum.”

The service is not yet operating properly, since the developers want to make sure that everything is complete. The interested users can sign up and preview the Amazon Managed Blockchain.

We remind you:

Amazon Presented Templates for Its Own Blockchain

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The Blockchain Version of Pornhub Is Paying Web Cam Models in Crypto

The blockchain-based startup for adult entertainment SpankChain has paid more than 70 thousand dollars in cryptocurrency to the web camera models working on the platform. The project developers claim that camgirls could earn much more on SpankChain than on any other similar platform.

According to a SpankChain freelancer, who has a pseudonym Molly Mae Meow, claims that this is the most profitable place she has ever worked for.

I was a little skeptical about all of it at first. But now I really, really love crypto,” she said.

Back in 2017, this project held a successful ICO and managed to raise about 6 million dollars. Currently, over 6 thousand people are using SpankChain.

We remind you:

Pornhub’s “Colleague” SpankChain Got Spanked by Hackers

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A New Blockchain Association To Be Launched By The European Commission

The European Union plans to launch International Association for Trusted Blockchain Applications (IATBA), including five major banks of Europe. This announcement was made at a recent EU event, which took place in Brussels, Belgium.

It is said:

“Bringing industries together for Europe to lead in blockchain technologies.”

Spanish banking giant BBVA has already confirmed its participation in the Association, however, the remaining four other banks are yet to be announced.

The association will include both public and private sectors aiming at gaining support from personal users and DLT experts. IATBA in itself strives for promoting European blockchain standards worldwide, creating protocols for the blockchain industry.

We remind you

Blockchain Architecture: Technical Brief

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