AI-driven Platform for Intelligent Commerce Based on Blockchain

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.

Join the Eligma Group on Telegram – https://t.me/eligma.

Follow the development on Facebook (https://www.facebook.com/eligmacom), Twitter (https://twitter.com/eligmacom) and LinkedIn (https://www.linkedin.com/company/eligma/).

Read the latest news on the Eligma Blog – www.medium.com/eligma-blog.

Subscribe to their Newsletter – www.eligma.io

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

Samsung Galaxy 10 Will Not Have an Inbuilt Crypto Wallet

After the South Korean electronic devices giant Samsung filed three patent applications for crypto and blockchain-related software, the rumours started that the company is planning to incorporate a cold crypto wallet in one of its main upcoming releases – Samsung Galaxy 10.

Samsung’s cryptocurrency service will essentially have two parts. A cold wallet for saving cryptocurrency and a crypto wallet for transfers,” claimed a Samsung news site.

Nevertheless, the official representatives of the company shared in a private talk with the Cointelegraph that the following news were no more than speculation and gossip. Thus, we can now be sure: although, Samsung is actually researching and probably planning to incorporate crypto and blockchain into its products, there will be no crypto wallet in the phone Galaxy 10.

We remind you:

Samsung Created a Blockchain Platform for Banks

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Facebook Is Once Again Looking for Blockchain Specialists

Being a social media giant, Facebook could not turn a blind eye to blockchain. It actually launched a whole department devoted to the research of this technology and was looking for a manager for this department some time ago.

However, none of the representatives of Facebook have revealed any detail as to what they are planning to do with blockchain, which caused a wave of rumors starting from the assumption that Facebook is going to release its own cryptocurrency to the one claiming that Facebook was working on a blockchain network, planning to outrun Ethereum.

The truth is still unclear, but the fact is: Facebook is definitely working on something. It has listed 5 vacancies for blockchain developers on its official site. Considering the fact that it is Facebook and also the rate of salaries for blockchain specialists, there surely will be a huge fight for these 5 jobs. We remind you:

Blockchain Specialists Receive the Highest Salary Among Software Developers

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SWIFT Created A New Payment System To Protect Blockchain and FinTechs Provided By Ripple, JP Morgan, and Transferwise

SWIFT has announced in its latest press-release that it decided to launch a new payment service – Global Payment Initiative (GPI), which is still in pilot version. The system is aimed at combating threats that bring harm to blockchain and other fintech solutions of such institutions like Ripple, JP Morgan, and Transferwise.

The main target of the pilot is “to build the foundation of a new integrated and interactive service that will significantly improve efficiencies in the payments process and which will ultimately be made available to all 10,000 banks across the SWIFT network.”

The GPI tests were conducted in October to try cross-border payments with banks in Thailand, China, Australia, and Singapore. The trial showed that using GPI-system payments could be carried out almost instantly.

According to SWIFT, the pilot GPI system starts working in the first half of 2019. It will cooperate with 15 financial institutions, including Bank of China, JP Morgan, CitiGroup and others. The service provides full transparency to payment beneficiaries and originators.

We remind you

What Is Happening Between Swift and Ripple and Why Does Ethereum Suffer From It?

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GShare Helps to Expand Adoption of MGO Tokens

MobileGo team claim their products are being developed to meet the needs of both gaming community and blockchain enthusiasts.

Starting today beta-testing of MobileGo brand-new product is available for everyone. What is it and why is it worth attention?

What is GShare?

GShare is a special tool for earning GShare Gold. To make a long story short, it converts your computer power into GShare Gold coins. From some point of view it is ‘mining’, with the only difference –  GShare Gold is not cryptocurrency. GShare Gold is a soft currency to bring new possibilities to gamers, expand existing and also open doors to the world of blockchain, by saying that we mean earning MGO tokens using Gshare Gold. GShare Gold is earned without any extra efforts, user just need to run the app, press the ‘Start’ button and that’s it. User is already in, earning GShare Gold while playing his favorite games, working or doing whatever he wants to. Later on this GShare gold coins can be used on esports platform to participate in tournaments and win MGO tokens. GShare is interesting news not only for gamers. GShare is believed to  write a new page in history of social impact as well. So not only gamers can benefit from using GShare platform by earning MGO tokens for victories, but, people who want to make difference in this world, would be able to participate in socially important activities using GShare Gold. But first things first.

How to use GShare Gold earned with GShare

GShare Gold can be used on esports (competitive) platform that is also available for public tests from now. You can use GShare Gold as a tournament entry fee and earn even more with just personal gaming skill, and not only GShare Gold but the MGO tokens as well. The platform beta-version is already live and ready to use. The platform has been developed specially in such a way that no matter of skill level everyone, even people new to esports can find a decent competitors  and spend some good time playing, be victorious and claim his prize in MobileGo tokens. MobileGo team claims that soon GShare gold would also gain adoption in many other spheres. It is being said that GShare Gold will be accepted on social activities platforms to unite non-indifferent people which desire to change the world and make it a better place, which sounds quite intriguing.

How is GShare useful for MobileGo?

The holders of MGO have another cause for excitement. MGO is being accepted as a payment method in both Xsolla Pay Station and esports platform, which makes its adoption even more massive. The key moment is that players who used GShare Gold to enter the tournaments on esports platform and showed their best play and won can claim their victory bounty in MGO, so MobileGo token has all chances to become desired by numerous gamers around the globe.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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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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