The earliest attempts of trading started almost 150,000 years ago, since that its methods and ways have changed drastically. However, they all aim at exactly the same thing — raising the level of trading convenience. Commerce has progressed and improved, trading in different kinds of stores has become way more simple. There was a major boost in 1979, when Michael Aldrich developed the concept of electronic shopping.
A lot of other inventions followed, for example, Boston Computer Exchange (1982), Amazon (1995), electronic commerce has become quick and available for everybody. The amount and the choice of online shops has blown up in the last 20 years. That lead to a strange issue. Instead of saving time, the big amount of variants makes the buyers spend a bunch of time choosing the product. Psychologists claim that making a decision about what to buy is physically tiresome and if people have too many choices they are less likely to make a decision. Other difficulties include the fact that the customers need to create a new account for every shop they want to purchase from. As a result the amount of customers grows, however, it often happens when they start searching for a product, but end up with nothing, because the variants are too overwhelming.
What does Eligma stand for?
Eligma is an AI-driven platform for intelligent trading based on the blockchain technology. It is going to change the way customers look for, buy, track and resell products on the Internet.
Its one-of-a-kind characteristics include a “one-place”, which will help the users to shop in all the online shopes from all over the world, compare the price of products and find out the suitable for selling them. This platform will provide customers with an entirely decentralized worldwide loyalty program and which will help to turn a common home into a real business.
How can Eligma be useful
Eligma’s AI unit will consider a bunch of product specifications to help users find products in a blink of an eye. Its discovery feature will be made possible by a large item database with data from online stores worldwide. The AI will not gain information from this database alone. It will also gather information about the purchases, shopping habits and previous searches of the users and unite them into a so-called portfolio, which will also include the consumer’s inventory. By doing so, it will be able to personalize the search process immediately. Consumers will be able to use the alternative discovery function, where Eligma will display items, for which the AI establishes a better fit with the consumer’s habits and needs. If the user doesn’t know how to search for an item, Eligma’s chatbot will ask him/her easy questions to improve the search options.
The platform is also working on a mobile application which will unite the offline and online trading universes. If users find a product they like in a regular shop, they can scan its barcode or QR code with the app on the mobile phone. The system will recognize the product in its database and look for the best deals on the local or international level according to the options chosen.
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