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Briefing
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- AI- and Blockchain-Enabled Online Commerce – Startup Eligma launching AI-enabled, proprietary blockchain platform that will offer new ways for consumers to discover and buy products, as well as keep track of purchases
- Augmenting Product Discovery – Allows consumers to get best deals on things they are looking for by using AI algorithms to scour millions of data points from merchant platforms globally, using chatbot as user interface
- Streamlined Shopping Experience – Consolidates online merchants and third-party marketplaces into one global platform, where customers only have to use one shopping account and checkout process
- Cryptocurrency-Enabled Payments – Empowers customers to pay with cryptocurrencies even if merchants have not adopted solution yet, using proprietary technology EliPay
- Enabling Inventory Management – Enables users to track purchase history, which allows platform to give insights on future value of products acquired, and when they can sell those items for maximum returns
- Unified Loyalty Program – Offers decentralized, universal loyalty program using cryptocurrency ELI that rewards purchases made on the platform
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Consumer Durables, Consumer Non-Durables, Wholesale and Retail Trade
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Organization
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Eligma
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Source
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Original Publication Date
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March 5, 2018
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