Reckoon is shaping the future of the retail industry by providing Blockchain & AI enabled Global Shopping Platform as a Service. At the core of our End-to-End shopping ecosystem is the Global WishBasket Shopping Protocol (GloWS),providing standardised and universal way to fulfill the shoppers WishBasket. This gives the retailer a deeper insight into the intent of the shopper and will facilitate inter-retailer collaboration for a better outcome for both retailers and shoppers . Retailers/brands will be able to integrate GloWS Protocol with their supply chain via APIs.
Reckoon implements a Progressive Personalisation approach based on AI & ML.Making it easier for the shoppers to provide the required information at the right time for the right reasons. It is combining the best of both online and in-store to leverage the social power of online with instant-gratification of physical shopping experience. Our aim is to simplify and integrate the blockchain advantage into mainstream retail industry.
Currently, the global e-commerce market does not provide single-platform for brands and retailers to ensure that shoppers have access to a personalized shopping experience. Brands and shops across the globe are not yet connected on a single platform, and this is negatively affecting global trends and buying choices. Online and physical shopping journeys are currently disconnected, resulting in a high total cost of ownership for fast-moving technology. As the retail sector is facing challenges in keeping up with shifts in shoppers’ behavior, it is crucial to provide upgraded and enhanced technological solutions.
Reckoon provides the Global Shopping WishBasket Protocol (GloWS), a standardised and universal ways to fulfil shoppers wish basket, it will be a global shopping platform for brands and existing retailers based on Blockchain and AI technologies. GloWS will use smart contract to execute a better outcome for retailers and shoppers, thereby improving brand authenticity, sustainability and improve shopper experience. To solve current problems and provide the best shopping experience, Reckoon ensures the following:
Global WishBasket Shopping Protocol (GloWS), providing standardised and universal ways to fulfil shoppers wish basket.
A collaborative way for the brands and retailers to work together.
A decentralized shopping ecosystem.
Global shopping currency.
Global brands get hyper-local exposure and local brands get global reach.
Reinvention of shopping with hyper-personalisation.
Simplified, rewarding shopping journey on a single global platform.
Improving brand authenticity and sustainability.
The challenge for shopping apps is to survive the period between shop visits. With mobile space at a premium, shoppers are likely to remove the app after every shopping trip. Reckoon provides strong brand association by rewarding shoppers with the things they want to buy. This gives users incentive to keep the app and keep interacting with it.
A personalized shopping experience and deals based on their wish basket. A global, one-stop-shopping platform that connects all new and existing brands and retailers.
Hybrid shopping, both in-store and online
The ability to become brand ambassadors; a sense of belonging
Single sign on for shopping ,Full control over personal data
Improve revenue by increasing market reach and customers
Improve customer satisfaction
Increase customer engagement & retention
Improve loyalty (belonging & brand recognition)
Improve trust & transparency
Low TCO and advanced technologies
Reckoon AI engine will help retailers in advance of anticipated shoppers demand based on forecasts, seasonal demand planning and historic trends
Shopping malls/Market places
Improve in-store shopping
Improve market for locally produced goods
The Reckoon Platform: Blockchain Architecture Design
Blockchain technology serves as fuel for global economic growth, providing efficient solutions in all industries and boosting organizational workflow processes and maintenance. It unites businesses, companies, and entrepreneurs, allowing everyone to share information in a fast, secure, transparent manner worldwide.
The adoption of Blockchain within the e-commerce industry is imminent and will ensure a multi-functional approach to solving industry problems.
Core of the Reckoon is a Global WishBasket Shopping Protocol (GloWS) which provides the standardised and universal ways to fulfill the shoppers wish basket.
Blockchain is a distributed, decentralized public ledger that stores data and records of transactions transparently and securely. Blockchain technology is immutable in nature: once a record is entered into a block, it cannot be changed or tampered with.
The e-commerce industry appears to be a bright use case for Blockchain applications. Retail operations rely heavily on customer demand, transaction and payment operations, and Blockchain technology takes it one step further by increasing the trust, speed and efficiency of these processes. Furthermore Blockchain distributed architecture can help decentralise web presence for a retail chains.
Artificial Intelligence (AI) Engine
At the heart of Reckoon Global Shopping WishBasket Protocol (GloWS), intent-based recommendations are AI and ML, which work to provide the best suggestions based upon weather, intent, location, time of day, demographics, and category of product and event.
Artificial intelligence is the simulation of human intelligence processes by machines and computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using rules to reach approximate or definite conclusions) and self-correction.
We use progressive customization to collect just the right amount of information from shoppers to achieve the desired outcome. This approach requires us to intelligently associate past and current information. This is also a very GDPR-friendly way to gather information. The AI engine understands when the shopper is shopping for themselves or for family and friends and will provide the best relevant offers.
The Reckoon rewards system has designed with an additional ERC20 utility token for rewards payments. For social and operational activities within the Reckoon platform, shoppers can earn Reckoon ERC20 utility tokens. These will be used only in the internal platform environment and will have no value in the external environment. They can serve as coupons to spend in the shops and stores where they were earned. Rewards will be minted in shoppers’ internal platform wallets as soon as the predefined conditions are met.
When shopper activities require rewards, the Reckoon platform back end will check this, and call the operational smart contract for the minting and sending of the appropriate amount of the ERC20 rewarding utility tokens on their internal platform wallets.
Vision and Mission
Vision is a world in which online and in-store shopping don’t compete against each other, but rather encourage each other. This will be driven by an understanding of shoppers’ intent and creating the best possible experience for shoppers.
Reckoon are on a mission to bring out the uniqueness of every town and city around the world via shopping, allowing global and local product to work in symbiotic relationship. All of this will provide a wider and richer shopping experience to shoppers.
Reckoon is solving one of the biggest problems for retailers worldwide. The problem of understanding the shopping behavior of the new generation shoppers. Reckoon provides a Global WishBasketRM Shopping Protocol (GloWS) to connect the shopper and retailer in the moment of time, giving the shoppers the best shopping experience and providing the retailers with focused selling thus reducing the Cost-to-Sell.
This article is writing on 02 Feb 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: email@example.com Or Whatsapp Us- +13098896258
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