Eligma, a cognitive commerce platform is set to change the way people discover, purchase, track and resell items online by harnessing AI and blockchain technology.
Smart contract blockchain
JOZE MERMAL - Co-Founder
Luka Prasnikar - Senior Blockchain Developer
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.
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.
The Eligma project is obviously well prepared. Its main idea is to provide smart, online-based online shopping. The idea, judging by the description on the site is quite complex, includes many different features. They want to make shopping easier, offering features like global product discovery, unified shopping account, cryptocurrency payment or digital item profile. There will also be a loyalty program, where users are rewarded for contributions. The blockchain is used in the project to ensure transparency and security of trading operations. At the same time, the main technological component - artificial intelligence - is quite difficult to implement, so the absence of a prototype by the standards of ordinary start-ups is a bad indicator. At the same time the rest of the project looks very decent. Team, documentation, publications in the media, activity in social networks and much more. Among the partners are listed companies like Microsoft, Cisco or one of Europe’s largest and most diverse shopping centers - BTC..
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