Hey there!
Do you build a centralized crypto PayPal or will it be decentralized and smart contract driven? That's what's going to happen anyway. If this is a fully centralized service I don't see it's longterm viability. Could you talk about your plans in that regard?
Hey there. I'm happy to explain how the LOOMIA technology will function, as well touch on some great resources that will bring you up to speed. First, let's take a look at this video that explains the TILE tag and data exchange:
https://www.youtube.com/watch?v=84hT-q-cs3ARight now, when a product leaves the store, brands and manufacturers have no real way of understanding how that product performs in the real world, what the user experience or interaction is. But brands want to understand their customers, which is why they spend millions and millions of dollars through disjointed channels such as surveys, focus groups, reviews, and even prowling social media for insights. With LOOMIA Tile brands get comprehensive reports that aggregate data from all users that match its request to make informed decisions on new products, sale promotions, inventory levels, and more. LOOMIA Tile is a decentralized marketplace for data exchange.
As brands try to stay in front of the pack predicting trends, LOOMIA Tile can give accurate product data that brands can use to perfect their strategy. From end to end, LOOMIA’s LEL can provide individual ID’s per garment, which could be dynamically tracked from make to the point of sale, and after it reaches the customer’s hands, continue to understand product use, performance, closing the loop on what is now a large gap in knowledge from a user feedback standpoint. An added potential use LOOMIA team is excited about is anti-counterfeit benefits LOOMIA TILE could provide both brands and buyers. Not sure if you've had a chance to check out the whitepaper yet, but it goes into more detail:
https://s3.us-east-2.amazonaws.com/loomia-staging/pdfs/LOOMIA_whitepaper.pdf