Topic: Shopin - The universal shopper profile - page 5. (Read 2986 times)

Hi dvsrydin,

We understand your concern. We’ve escalated both hoodlus’s and HighInvestor’s questions internally and will get back to them as soon as we can. Some of their questions require input from the Shopin executive team, who have been traveling internationally in recent weeks and have had limited time, but they’re working on it!

Just got my KYC invite, I heard about this project through a video / podcaster, can't remember who.

Anyway, interesting idea and would like to invest. But, the fact that on the 2nd page here, there are some great questions asked, and no answers given - I think I will be passing at this time.

Unless we see some replies from the team addressing the questions asked, it does not provide a level of comfort.

Hello, I have researched the ICO a little bit and I am a potential investor, but before I make an investment since this is an ICO and blockchain technology is pretty speculative thus far (I hope that is understandable) I have some questions.

What is your vision for the platform and the company, if possible, then please be specific about it.

Questions that might help with that:

• In which countries do you plan to operate in?
• How is the whole company system managed - from PR to technical team, blockchain development, security etc.?
• How will the company look like in 1 year? In 3 years? In 5 years? In 10 years?
• How big is the potential market for your product in the timelines mentioned above and how fast can your solution saturate it?
• Are there any backup plans if the blockchain technology changes or is being replaced entirely (for example: quantum computers and decryption of the hashes danger the privacy of the consumer data, how do you make it quantum resistant or modernize technology when needed)
• Why is Shopin going to make a breakthrough and what is it's edge compared to other companies?

Other questions:

• Is there any proof of pilot programs carried out? If yes, can they be sourced?
• Is the project open-sourced? If it is, can it be linked?
• Why is one of the teammebers, Abhishek Yermalla's LinkedIn link broken?
• Who is the star of your team, the one person that should carry your team the most and why?

This is all for now, if I have any more questions, then I will ask.

Thank you for your time.

EDIT: Extra questions:

What kind of technological solutions do you plan to use to get "million" or more transactions per second? How are they monetized and/or verified? How successful have they been? Are there any security concerns regarding the protol?

Also - is the token a security since it is sold in an ICO or does it not have a definition as of yet?

Hello,
Why you think you can handle such a big project? and How?
Why you chose Ethereum platform if you need a lot transactions per second, and there's better platforms than Ethereum, such as NEO, Waves, QTUM .. ? How you choosed platform what did you look into?
How aware are you with technical limitations? How would you solve those?
Why you think it will succeed?
Why you think people need it and would adopt it?
What problem does it solves?
If you're launching your own blockchain, than how you're securing it, which consensus, and why you think it's best solution and why not to use some existing platform?

Thank you.

Hi sneakycoin,

This is just for marketing purposes, we promise not to spam anyone. It's harmless

Its cool.

I Join! The project promises to be interesting and new! I wish that he would develop further!

I also joined this unique project, and it is an honor for me to be a part of it.

Hi uliss,

We are on the blockchain because it's the only solution that offers a decentralized and secure data storage solution for users. Since Shopin is building the most valuable contextual understanding of user and purchase data, it cannot be stored using conventional methodologies that can be hacked or are vulnerable to malicious intent. The blockchain enables attestablity to the first-party data that is being leveraged in our product recommendation and advertising model. We believe in full transparency and the safety of your data.

Hi PDT,

We do not have a bounty program, but thank you for your interest.

Is it really necessary to use blockchain and won't it just create more havoc for users? especially those who do not use blockchain or cryptocurrency?

I will study and understand your project as well as I will see the progress of your project. thanks for the information.

Why can't I download the whitepaper without entering my email? Are you kidding me, guys?

Hi

I came across your Token very recently and was captivated by the ideas behind your project. I was also very impressed with you and your team and admire the nobility of your vision. As a potential investor, I have some questions regarding your project that I would appreciate if you could find the time to respond them.

From what I gather from your whitepaper and some of your presentations, you propose more of a marketing solution than an e-commerce platform.
Shopin means for adding value is by the creation of a platform for sharing purchase history data among retailers and customer in a decentralized manner, and additionally enhancing the user experience on each of the retailer’s website by leveraging the stored data of said customers.
Looking at some recent trends in the e-commerce market share, one can notice that Amazon and Ebay seem to be increasing their dominance with time, this is especially true for Amazon. The two of them combine for about 50% of the market share for the year 2017.
This trend is likely to continue in my view. Retailers both onsite and online, are at a competitive disadvantage against Amazon in many factors, not just available data.
Amazon adds value to the customer from the bottom of the supply chain all the way to the delivery of the product. While enhancing the retailer’s ability to provide a better user experience would help, is not a silver bullet that would revert this trend.
Amazon has set the standard in many more ways than just the point of sale interaction with the customers. Can you see your project, stop or slowing the amazonization (I just invented that word) trend of e-commerce without affecting all the other functions of the e-commerce business?

From my personal experience and a sample test consisting of my GF, I feel skeptic about the proposition of trading away the benefits of a central marketplace with great diversity of sellers and products with very competitive pricing, excellent peer reviews, excellent customer service, excellent shipping delivery, very generous return policies, high qualities guarantees and the list goes on… for essentially having control of my purchase history and having better user experience on the website of lesser competitors to Amazon with no general standard for the quality of services. At best, the user experience in those websites will be as good as Amazon’s, while lacking the diversity from sellers, products and peer reviews offered by the latter that I would think that greatly enhance the user experience when purchasing products. I can see the use case for some shoppers like my rich and preppy cousin that will only buy stuff directly from the official designer because according to her it guarantees authenticity, but that is more of a niche than anything else.

Please note that I’m not trying to trash your business, as I said earlier I admire you and your team and wish you the best of lucks. My comments are more opinion than research since you are informed on the subject and I’m sure you are aware of what It means trying to disrupt e-commerce, I was hoping you could shed light into the potential that I might be missing out.

Moreover, note that my opinion comes from the perspective of a millennial who has grown to see Amazon as a one-stop shopping solution for 90% of its commercial life. I would be very hard-pressed to consider switching platforms and I don’t see the incentive as to why would I do it for something as what Shopin is suggesting. Also, in the case my beliefs are wrong and Shopin could threaten Amazon, what competitive advantage you have over Amazon that would not allow them to replicate your model if it succeeds. Amazon is known for doing that in the retail space, I cannot see why they would not use their practically infinite capital to build a similar solution that would include the holy grail of datasets, Amazon’s shopping cart history, given that blockchain is open source and I would presume that Amazon already has business relationships with most of the retailers you trying to onboard.

Having said all of the above, I can still see Shopin succeeding in their project by helping to level-out the playing-field in terms of user experience while at the same time the overarching trend in the industry not changing. Meaning that while the e-commerce industry keeps conceding ground to Amazon, Shopin can help ease the pain. That on it is own is probably worth investing, disrupting Amazon would be a very ambitious, perhaps unrealistic, goal and more of a lottery ticket I think.

Thanks for your feedback! We think so too! If you'd like to participate, our whitelist is currently open for our Public Presale in March. You can visit https://tokensale.shopin.com to join.

 i think this great such a project like this,like to join in it.

Hello! I am editor from icoholder.com. Your IСO was added to our listing and now is available to investors: https://icoholder.com/en/ico/shopin-ico-18074 You can edit your Page  by adding more information about your ICO after verification and also verify team members to improve ranking.

Check out Shopin’s Vision for the Future of Retail, eCommerce, and Shopper Data Rights https://medium.com/shopin-the-universal-shopper-profile/shopins-vision-for-the-future-of-retail-ecommerce-and-shopper-data-rights-3b43a164e83d

Check out the Shopin Social Wheel of Fortune! https://medium.com/shopin-the-universal-shopper-profile/the-shopin-social-wheel-of-fortune-5a58cf6c1877

Our partner iExec reports on BTC Miami 2018, including Shopin's award win! https://medium.com/iex-ec/field-report-btc-miami-2018-6ba5bc4782c2