Bitcoin Forum

About Shopin
Shopin is the first universal shopper profile that provides retailers with unprecedented shopper intelligence and empowers them to compete with Amazon by offering better product recommendations, easier and more secure transactions, and more valuable rewards to customers who give retailers access to their preferences and purchase history data. Using decentralized blockchain technology and artificial intelligence, Shopin is creating a more sustainable retail economy where retailers become stronger by working together and shoppers get rewarded based on the value of data that they fully own, control and share.


News Update 4/30!

• Token Generation Event Ended 4/29/2018 23:59 ET.
• Blockchain Advisor & Strategist Brad Yasar Joins Shopin Board of Advisors (https://www.prnewswire.com/news-releases/blockchain-advisor--strategist-brad-yasar-joins-shopin-board-of-advisors-300634767.html)
• Public Token Generation Event live 3/30 at 12pm ET / 4pm GMT (https://tokensale.shopin.com/)
• Shopin placed top 5 in the Startup Pitch Competition at d10e in Seoul, South Korea (https://www.facebook.com/d10e.events/videos/1019069168258629/)
• Shopin Wins First Place ICO at The North American Bitcoin Conference 2018 (https://medium.com/shopin-the-universal-shopper-profile/shopin-wins-first-place-ico-at-the-north-american-bitcoin-conference-2018-6a62577383fb)
• Shopin Raises $40M During Token Presale (https://medium.com/shopin-the-universal-shopper-profile/shopin-raises-40m-during-token-presale-c89c5d7ede63)

Public Token Generation Event Update 3/30!

• Public Token Generation Event start date: March 30, 2018
• Public Token Generation Event start date: April 29, 2018
• Total supply of token: 1.5 billion
• Price of token: $0.10 USD per token
• Accepted payment: Bitcoin (BTC) and Ethereum (ETH)

Resources

• White paper (https://shopin.docsend.com/view/b6iuqiu)
• Pitch Deck (https://shopin.docsend.com/view/7u35du2)
• Token Dynamics (https://shopin.docsend.com/view/fr2fwyi)

Key Leaders
Eran Eyal
CEO and CoFounder
https://www.trackico.io/media/img/team/96x96xEran-Eyal.png.pagespeed.ic.HvGyNeyb66.jpg
Eran is a serial entrepreneur with three exits as a founder and more than a decade of experience in retail and ecommerce. He is the winner of the United Nations World Summit Award for Innovation, Fast Company’s Most Innovative Startup, and he is an investor and advisor for many startups.
 
Divakar Rayapaty
CTO | CoFounder
Divakar was a Principal Software Engineer at Priceline for 14 years. As a leading member of the engineering team, he was instrumental in building Priceline’s core processing platform. Since then, he was the CoFounder at Flowhealth, Director at Mezoclick, and CoFounder and CTO at Maker’s Brand.
 
Abhishek Yermalla
VP of Engineering
Abhi is a seasoned architect with more than 12 years of experience in ecommerce and engineering.
Formerly a long-time member of the Priceline design and integrations team, he was twice awarded the annual CEO achievement award.
 
Jeremy Harkness
Blockchain Technology Officer
Jeremy served as the CTO and Head of R&D at Barrows, the CTO at HP Ticket, and CTO and Founder of Strattice, where he invented the world’s first remotely managed mini server and failover router.
 
Michael Herman
CRO
Michael has spent more than 20 years in senior positions at some of the retail world's most prestigious brands, most recently as the Global President of Sales at Elie Tahari, and formerly as SVP at Donna Karan, DKNY, and Valentino.
 
Doron Wesly
CMO
Doron has extensive B2C and B2B marketing experience and has worked for companies such as Lotame, Tremor Video, Mindshare, Samsung, Millward Brown, IAB, and Applebee’s.

Shopin Wins First Place ICO at The North American Bitcoin Conference 2018: https://medium.com/shopin-the-universal-shopper-profile/shopin-wins-first-place-ico-at-the-north-american-bitcoin-conference-2018-6a62577383fb (https://medium.com/shopin-the-universal-shopper-profile/shopin-wins-first-place-ico-at-the-north-american-bitcoin-conference-2018-6a62577383fb)

Can you explain why you need 45 million dollars to do this?  ICOs are getting out of control and high caps like this just look like a cash grab for your team.

Shopin Welcomes Stellar New Leadership: CMO Doron Wesly and CRO Michael Herman

We are excited to take a moment and officially introduce Doron and Michael. You may have already heard their names as they’ve have been hard at work with us for the last few months, committed to bringing great success to Shopin.

https://medium.com/shopin-the-universal-shopper-profile/shopin-welcomes-stellar-new-leadership-cmo-doron-wesly-and-cro-michael-herman-95d2330bd870

I totally agree for products and platforms. Here are things to consider about this project:

1. We're a utility token. That means tax - 21% - OUCH. In the first year. So we have to really work hard to dev in year 1
2. Highly resistant and slow moving market - retailers
3. Right now we have the core team + 8 data scientists working full time on fashion alone. We need a similar size team for each industry
4. We're innovating on the blockchain tech to allow us to run over 1MM transactions per second on Ethereum. Not easy to solve for (and we're giving this tech free to the world to enable consumer DAPPs to happen on ETH) with our partners iExec
5. This will get us 5 years to secure at least 2 major industries
6. Partnership team + marketing
7. We are not a platform where all the retailers are - that's easy. We are building product recommendation engines for all the retailers and connecting them to each user in realtime, with the users having a universal shopper profile to own and control their data, reshape the web semantically for them at point of presence both online and instore
8. We're building an ad engine on top of the profiles so that retailers no longer advertise to shoppers on FB/ Google/ ad exchanges etc. Instead they pay the user Shopin tokens to accept ads, perform acts of loyalty, rewards and referals of new shoppers
9. Then there are the consumer apps for centralized wishlists, shipping tracking and return, sharing profiles and storing and using the tokens.

WHEW!

In essence - we are reshaping the web to accept a new protocol for understanding the personalization preferences of the shopper, based on live and historic purchase data plus an system to financially reward shoppers for leveraging their data.

Hope this added some clarity!

Learn more about why we are dedicated to expanding the Shopin community and why this is crucial to the success of the project: https://medium.com/shopin-the-universal-shopper-profile/fueling-the-retail-revolution-through-community-baa0a3051080 (https://medium.com/shopin-the-universal-shopper-profile/fueling-the-retail-revolution-through-community-baa0a3051080)

unlike other ico, apart from the White Paper, there are another two key docs - PitchDeck & Token Dynamics.
What is the key difference between them?

I am very bull on this project. The cap is higher than average, but not high for a team / project like this.

the high cap seems like a cash grab and go scheme. i see no utility in this project other then to make the dev team some money

Introducing the Shopin Manifesto! https://medium.com/shopin-the-universal-shopper-profile/introducing-the-shopin-manifesto-1aee1f10e553

Thanks a lot, TrackICO!

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

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

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

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 (https://tokensale.shopin.com) to join.

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.

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

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

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?

Hi PDT,

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

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.

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

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

Its cool.

Hi sneakycoin,

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

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.

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?

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.

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!

I think that Amazon can be a part of the ecosystem rather than competition; e.g shopping information from Amazon is also carried out to eBay and vice versa, providing better customer experience and customization of the products. I am interested in official answer from Shopin on that, though.

Thank you for your insights! Please reach out to Doron directly at doron@shopin.com.

The main role of Shopin in the late stage is to attract the popularity of their respective brands, or to re-create a platform to collect data for promotion.

Shopin placed top 5 in the Startup Pitch Competition at d10e (http://d10e.biz/seoul-2018/) in Seoul, South Korea! Watch CEO Eran Eyal's pitch at 1:27:00 here: https://www.facebook.com/d10e.events/videos/1019069168258629/

What is the uniqueness of your project?

We’re going to revolutionize the way you shop by   implementing a universal rewards system that pays you every time a retailer wants to use any of your data. Shopin is more than a platform that gives you a kickback in the form of coins when you make a purchase. You’re going to own and control access to your own information in respects to shopping

The pitch deck is an overview of Shopin's value proposition and the problem it solves.

The Token Dynamics is how the Shopin token economy works.

Let’s Get Personal: The Future of Personalized Product Recommendations
https://medium.com/shopin-the-universal-shopper-profile/lets-get-personal-the-future-of-personalized-product-recommendations-76d28ebd97cb

Our answers to your amazing questions. Thank you for your patience. the public presale is making us all work round the clock.
 
1.

Why do you think you can handle such a big project and how?
Because Shopin is the world’s first decentralized shopper profile built on the blockchain and because we empower shoppers—for the first time ever— to control and own their historical purchase data across multiple retailers and then be rewarded in cryptocurrency when retailers use it to enhance the online shopping experience.

We are decentralizing shopper data to create a retail economy that incentivizes both shoppers and retailers to work together for the best and most rewarding retail experience possible. We are revitalizing the retail industry with a new economy of data to increase transactional conversions and enable a greater understanding of customers based on a full view of their purchase history, style, preferences, and pricing. Shopin is dedicated to reinventing retail shopping—online and in-store—in a way that respects and empowers consumers and retailers alike.

Execution is obviously key to any big project, and our core team consists of people with uniquely qualified expertise in their respective fields, from founding and scaling startups, to deep knowledge and contacts across the entire retail industry, to extensive experience with blockchain technology and engineering. Shopin’s engineering team includes the first and core engineers that architected the entire Priceline system from launch. When it comes to ingesting millions of SKUs, normalizing data, user profiles, and serving up the best recommendations in an ecommerce environment, the Shopin pedigree speaks for itself.

If you’re launching your own blockchain, how are you securing it, which consensus, and why do you think it’s the best solution and why not use some existing platform?
We are launching our own blockchain because it's the only solution that offers a decentralized and secure data storage solution for our users that also includes the exchange of value using the Shopin Token. Since Shopin is building the most valuable contextual understanding of user and purchase data, it is vital that the user own and manage their data assets. These data assets cannot be stored using conventional methodologies such as the cloud, which can be hacked and is vulnerable to malicious intent. Blockchain  technology 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.
 
We are using the Ethereum blockchain, BigChainDB, iExec, Interledger, and Atomic swaps to create a Federated Permissioned Blockchain, which means that members are invited and voted in and out by existing members. In this case, the members that we refer to are retailers and brands who will host the nodes. As more retailers join the Federation, the stronger the security becomes as each node will increase the decentralization of the data and through manipulation of replication factor, and the increase in the number of nodes, each federated node in the Shopin Blockchain network will host a portion of data that is also encrypted.

Thus if even one node is attacked, the blockchain will not suffer any slowdown, downtime, or data loss. Using data permissioning and multi-sig wallet technologies, the shopper will be able to  to grant access to the Shopin A.I., which will be fully decentralized. This means that no retailer will ever gain access to this very personal shopper data. Without the blockchain, it would have been very difficult to convince competing brands and retailers to share their purchase data. But decentralization and the Shopin A.I. ensure that no retailer can access any other retailer data, and that the shopper retains ownership of their data. Retailers will not be able to make copies of the data, and they will never have direct access to the shopper’s data.

Why did you choose Ethereum if you need a lot of transactions per second when there are better platforms out there such as NEO, Waves, OTUM?
The primary reason for using the Ethereum Blockchain to generate our token was based on the industry standard ERC20 token, which lowers the barrier to listing on exchanges around the world. We can’t use existing platforms since they lack transaction speed. As a utility token for a mass consumer application, we needed to find a solution that would match Visa-grade transaction speeds. Ethereum currently peaks at 15 per-second and theoretically might eventually reach 10,000 per-second. Other platforms currently reach around 4,000 transactions per-second. In essence, no one was able to provide us with what our business model required. The reason we selected Ethereum over, for example EOS (Block.one), is that Ethereum has 60 times more developers, which creates a very healthy, vibrant, and fluid environment for the platform. 
   
 
2.
 
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 have some questions. What is your vision for the platform and the company, if possible, please be specific.
 
Questions that might help with that:
 
In which countries do you plan to operate?
We recently established a Gibraltar entity that will enable Shopin to operate more safely within the legal framework of a country that is crypto-forward. Our HQ is based in Brooklyn, NY, where our more than 17 employees reside locally or work remotely from other cities. And we last week we established our South Korean entity: Shopin Korea.
 
How is the whole system managed – from PR to technical team, blockchain development, security, etc.
We love being part of the crypto community and embracing transparency. Our initial funding comes from Neema Capital, Passport, Genesis Block, Deepfork Capital, Outbound Ventures, and SeedInvest.

We are a private company with more than 2,500 participants, 17 full-time employees, and more than 25 external developers. As any company in a hyper-growth stage, all of us wear multiple hats, literally, from janitor to CEO and vice versa. Our external partners for development are the data science team at Quantify who help us scale our ROI (they are like a Google, etc.), and Talentica has been amazing at helping us scale up our engineering team. We hire talented people with great energy, drive, and passion for what we are trying to accomplish at Shopin.

For PR, we work with the innovative teams at 8760 and Spark PR, in addition to consulting on a regular basis with select crypto experts around the world and our Strategic Advisors, who help us tremendously and bring a wide range or expertise to the table in the areas of startup growth, brand building, retail, blockchain, cloud computing, financial, ad tech, and the list goes on.

How will the company look in 1 year? In 3 years? In 5 years? In 10 years?
The first year, we want to launch our solution by summer, according to our timeline. We’re focusing right now only on fashion retail and cosmetics. Just imagine how complex fashion is. A flare dress, for example, can come in so many different sizes and styles, and each item has a large amount of combinations that our A.I. needs to understand and recommend. So this is a gargantuan task. We don’t foresee ourselves moving in any other direction for the time being. But moving forward, we would like to eventually apply the Shopin model to food, home goods, electronics, etc. Our main goal right now is to make sure we see retailers use the Shopin Token, so they don’t have to go to Facebook or Google to advertise and can instead reward shoppers directly for their loyalty. As much as we would like to tell you our plans beyond this, it wouldn’t be prudent of us to reveal too much at this time. Plus we need to keep some of that to ourselves. ❤️
 
How big is the potential market for your product in the timelines mentioned above and how fast can your solution saturate it?
The global apparel market alone is estimated at $3 trillion, which is 2% of the world’s GDP! Everyone in the world has to wear something, and ecommerce is incredibly well-received in Europe, Asia, North America, and the majority of countries. With something like 4.77 billion people worldwide using a mobile device of some sort, and that number easily mushrooming to 5 billion by 2019, we see vast potential in helping retailers who do not want to be commoditized and have their product featured on Amazon. There is tremendous potential for retailers to rebuild their relationship with their customers through a platform like Shopin and not have their products featured around their competitors. We believe strongly in the Shopin vision.

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 to the privacy of the consumer data, how do you make it quantum resistant or modernize technology when needed?
What a fantastic question, thanks for asking. Currently, there is one computer that comes close to quantum that costs $120 million, and you have to be on the waiting list to get fractional access to its computing power. There are already solutions that are quantum computer-proof, such as supersingular elliptic curve cryptography, which provides the security needed for future generations of blockchain implementations. Shopin’s CEO, Eran Eyal, recently spoke about this on our Telegram group. Like anything else, technology will evolve, and we will have to constantly evolve with those developments. We are excited about what the future brings and it will only get better. However, one thing will not change, and that’s the trend of decentralization and the fact that users deserve to own and control their own data. It’s your data and it should stay your data.
 
Why is Shopin going to make a breakthrough and what is its edge compared to other companies?
We  have the right team and the right technology stack, which is the first to provide both a fast and efficient value exchange, and scalable data storage on a single blockchain. We have a hit here because of the tremendous support from the community and the courting and interest from large companies around the world, from credit card processors, to mobile payment systems, to large electronic companies and fashion retailers. The future is looking bright.

Is there any proof of pilot programs carried out? If yes, can they be sourced?
Shopin recently collaborated with two well-known fashion and home-goods retailers for a pilot program that produced groundbreaking results. Each retailer invited their registered customers to create a Shopin profile, resulting in 719,000 sign-ups. Based on personal shopper preferences and purchase data, Shopin was able to provide those registrants with curated recommendations, leading to a 22% lift in conversions, and yielding $14.7 million in additional sales. Of the shoppers who created a Shopin profile, 72,000 of them invited 65,000 additional new users to go through a Shopin onboarding. NDAs prohibit us from releasing full results.
 
Is the project open-sourced. If it is, can it be linked?
Certain parts of our project are indeed based on open source software, and the Shopin technology stack is well publicized. Anyone can look at the code of the underlying technology stack on relevant open source git repositories. In good time, all appropriate open source code will be on Github and free to the community. The one thing we will not share is proprietary code that is vital to our business such as the business logic and our A.I.
 
Why is one of the team members LinkedIn link broken – Abhishek Yermalla
We will look into this, thank you. But in truth, some of our team members don’t want to be social. We cannot force them to have a profile if they don’t want one. We have to respect their right to privacy if that’s their desire.

Who is the star of your team, the one person that should carry your team the most and why?
We don’t like to think in terms of stars, per se. Each member of the team is equally valuable. We see ourselves as a grand orchestra where there are many talented violin players. But if you take one out, you will notice their absence. We have an incredibly powerful team that helps us move closer to achieving our dream. Eran Eyal, Divakar Rayapaty, and Jeremy Harkness are the CoFounders of Shopin.

Eran is a serial entrepreneur with three exits as a founder and more than a decade of experience in retail and ecommerce. He is the winner of the United Nations World Summit Award for Innovation, Fast Company’s Most Innovative Startup, and he is an investor and advisor for many startups.

Divakar was a Principal Software Engineer at Priceline for 14 years. As a leading member of the engineering team, he was instrumental in building Priceline’s core processing platform. Since then, he was the CoFounder at Flowhealth, Director at Mezoclick, and CoFounder and CTO at Maker’s Brand.

Jeremy Harkness served as the CTO and Head of R&D at Barrows, where he invented the world’s first active radio frequency tags capable of self location awareness and environment sensing and monitoring for in-store retail solutions. He also served as the CTO at HP Ticket, which created online ticket systems, and as the CTO and Founder of Strattice, where he invented the world’s first remotely managed mini server and failover router.
 
Extra questions:
 
What kind of technological solutions do you plan to use to get a “million” or more transactions per second? How are they monetized and/or verified? How successful have they been? Are there any security concerns regarding this protocol?
We announced our partnership with iExec in a January 11, 2018 press release, enabling Shopin to decentralize consumer DAPPs [Distributed Applications] and using BigChainDB’s technology to allow our blockchain to scale to more than 1MM transactions per second and provide the data storage capacity to store shopper information. We will share enhancements to these code bases with the community as it’s not a part of our core business model, and more importantly, scalable solutions for blockchains benefit the whole community. If everybody is able to run consumer-grade applications alongside Ethereum at more than 1 million transactions per second, then we all benefit and more solutions are adopted by the ecosystem.

We can’t use existing platforms since they lack transaction speed. As a utility token for a mass consumer application, we needed to find a solution that would match Visa-grade transaction speeds. Ethereum currently peaks at 15 per-second and theoretically might eventually reach 10,000 per-second. Other platforms currently reach around 4,000 transactions per-second. In essence, no one was able to provide us with what our business model required. The reason we selected Ethereum over, for example EOS (Block.one), is that Ethereum has 60 times more developers, which creates a very healthy, vibrant, and fluid environment for the platform. 

Is the token a security since it’s sold in an ICO or does it not have a definition as of yet?
No. We are a utility token, not a security token. The Shopin token provides a frictionless form of exchange between shoppers and retailers for incentives and sales promotions. The retailer is using the token to reward a user for their time and attention in exchange for that shopper to see their message and go to their site to purchase an item.


 

How would you not describe your project but competition with Amazon? What will happen  when the amazon  introduces itself as a blockchain?

Our objective is to create a completely decentralized solution where no one can control the data aside from the users themselves, and where the beneficiaries are strictly the retailers, brands, and shoppers. While others seek to centralize, we seek to empower the entire open web.  Amazon on the blockchain is still Amazon, they are centralized.

do u have bounty program esp translation

Sorry, we're not conducting any bounty programs at this time.

Your project concept is interesting. I totally agree with your idea. there are many advantages of sopin. in addition to getting a profit in the form of a coin every user shopping. you also provide account security that can not be accessed by others, it will be very helpful and improve the convenience of the users. I want to know, until now in which country this sopin has grown? good luck to sopin

Thank you for your interest and confidence! 

We currently don't have country specifics because we are still in the Public Presale phase.  However, we are global in nature!

We recently collaborated with two well-known fashion and home-goods retailers for a pilot program that produced groundbreaking results. Each retailer invited their registered customers to create a Shopin profile, resulting in 719,000 sign-ups.

Based on personal shopper preferences and purchase data, Shopin was able to provide those registrants with curated recommendations, leading to a 22% lift in conversions, and yielding $14.7 million in additional sales. Of the shoppers who created a Shopin profile, 72,000 of them invited 65,000 additional new users to go through a Shopin onboarding.
 
719,000 shopper sign-ups
$14.7 million incremental sales generated
22% transactional conversion lift
72,000 loyal Shopin users onboarded 65,000 new users

Eran Eyal will speak at Token2049 in Hong Kong March 21! See all speakers here: https://www.token2049.com/speakers

Watch Eran's presentations at Token2049!

Token2049 Main Stage (https://www.facebook.com/shopineverywhere/videos/187774075167295/)
https://pbs.twimg.com/media/DY1O5eGVoAEcEIi.jpg

ICO After Hours Pitch (https://www.facebook.com/shopineverywhere/videos/187804105164292/)
https://pbs.twimg.com/media/DY1TtEIVoAAQFZC.jpg

Shopin Raises $40M During Token Presale
https://medium.com/shopin-the-universal-shopper-profile/shopin-raises-40m-during-token-presale-c89c5d7ede63

CEO Eran Eyal discussed Shopin, blockchain and the future of retail on the call with TCIonthecall
Listen to the talk on soundcloud here: https://soundcloud.com/onthecall/eran-eyal-of-shopin

Watch CEO Eran Eyal's interview on Facebook privacy concerns and data protection with TD Ameritrade Network here: https://tdameritradenetwork.com/video/ac1e00a1-6257-1fec-8162-62dc33040015

Hello! Our company, White Rabbit, will be doing an AMA session with Eran Eyal, CEO of Shopin today at 3 PM ET.

https://i.imgur.com/JQdLMkL.png

Tune in to ask your question: https://t.me/whiterabbiticos

The project seems to be good, and personally feel that there is still more prospects for development, and hope that the team continues to develop reliably, so that everyone can benefit, rather than an empty project, just stay on the paper.

See our latest blog post for all the details and instructions you need on how to participate in the TGE happening right now:

CEO Eran Eyal explains how blockchain will improve the intuitive experience that AI promises:
https://venturebeat.com/2018/03/31/blockchain-will-make-ai-smarter-by-feeding-it-better-data/
https://venturebeat.com/wp-content/uploads/2018/03/data-ai.jpg?fit=578%2C409&strip=all

CEO Eran Eyal explained how customers can be in charge of their own data on Shopin's blockchain in a radio interview with Bloomberg here: https://www.bloomberg.com/news/audio/2018-04-02/customers-control-their-own-data-profile-on-shopin-s-blockchain 📻😎

Reserve VietNamese Translation: Whitepaper+ANN + BOUNTY
- BitcoinTalk Name: hbccpyo
- BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1318019
- Language: Vietnamese
- Portfolio :
https://docs.google.com/document/d/1RuJIuwedLmtAsw16U44Qom_XB2bLMFOjngq2nxr3Z1o/edit?usp=sharing
- ETH address: 0x30f5574a4c199372e8393f5f4f36c939757da878
- Pm me if you accept

Hoq is it innovative?

Our founder Eran Eyal was recently asked how Shopin is different from two competitors who appear to be similar (Shping and Eligma)

Here's what he had to say (we'd link you directly to the comments on Telegram but BitcoinTalk removes posts that link there)

On Comparisons to Shping:


On comparisons to Eligma

Did you hear the big news? 📰 :o :o :o  Block One Capital contributed USD$750,000 in Shopin's TGE.
Details: https://goo.gl/njxbNm

This project is quite promising! :o
Can I join in?

Yes! You are certainly welcome to participate, saobang. You can check out our website (https://tokensale.shopin.com/) to participate and our Telegram group (http://telegram.me/shopineverywhere) to get all your questions answered!

What is this Proof of Concept we've been hearing so much on Shopin's channels? Blockchain Technology Officer and CoFounder Jeremy Harkness explains in this video (https://youtu.be/vBmLYtG-FxI):

Watch the World Blockchain Forum Investment Panel video here (https://www.facebook.com/shopineverywhere/videos/195863957691640/).
https://pbs.twimg.com/media/DbADXd6UMAAGlzE.jpg (https://www.facebook.com/shopineverywhere/videos/195863957691640/)

Interesting project. I will be waiting for more information, let's see another opinion giving to this project & how this project will turn out.

ICO Analysis: Shopin
Published on April 11, 2018
By Kent Hamilton

Verdicts
Current retailers are looking for a solution to compete with the likes of Amazon, and Shopin could be exactly what they are looking for. Shopin is turning the retail and e-commerce web into a decentralized Amazon, built on the blockchain, with a universal shopper profile and cryptocurrency. Based in New York and opening offices in Korea as well as having successful pilots, Shopin is aiming to become one of the blockchain success stories of 2018.

Risks
    Even with a larger team than some ICOs and Shopin offsetting 30%-50% of retailers’ initial contracts to jumpstart token adoption, a $50 million USD hard cap is still on the high side for an ICO in today’s market. -1
    The team has the required experience from both business and blockchain to be a successful ico and it’s definitely a good sign that the team members are listing Shopin first on their LinkedIn profiles, but most of the team still has outside obligations which don’t allow for 100% of their time to be devoted to the project. -0.75
    Although Shopin lists a large number of highly experienced team members and advisers, a token allocation of 30% is still considered high in comparison with other ICOs. However, this does include the seed investors allocation which is normally included in the token sale section. -1

Growth Potential
    Shopin has already engaged in two successful pilots with retailers Bed, Bath and Beyond and Ermenegildo Zegna resulting in over 719,000 sign ups with Shopin customers purchasing 22% more than customers without a Shopin profile. +4
    Shopin was voted the Best ICO and Startup by CoinAgenda Global. It was also the Winner of Best ICO at the 2018 North American Bitcoin Conference in Miami, FL. +3
    Already approached by significant payment processors for partnerships, Shopin aims to be available to over 3,000 retailers and 20 million consumers. +3

Disposition
The Shopin project has won multiple ICO awards and boasts a stellar team of executives and advisers. It employs offices around the globe, partnerships soon to be announced, and recently completed a successful pre-sale. There is massive upside potential and rewards for retailers, consumers and investors if shopping with Shopin comes to fruition and is able to achieve mass adoption. Shopin receives a 7.25 out of 10 rating.
Proof: https://hacked.com/ico-analysis-shopin-shopper-profile-built-on-the-blockchain/

This is very good result!

The project is very interesting, potential and promising.

a personal recommendation platform. it will be easy to find some great things through the whole Amazon products I guess. 

Check out the marketing technology news you may have missed in the last week (https://martechtoday.com/the-martech-minute-adtheorent-spins-out-barometic-as-separate-business-shopin-partners-with-traub-and-more-214301), including a shoutout to Shopin:
https://martechtoday.com/wp-content/uploads/2017/11/martechminute_1920x1280_b-800x533.png
 (https://martechtoday.com/the-martech-minute-adtheorent-spins-out-barometic-as-separate-business-shopin-partners-with-traub-and-more-214301)

CEO Eran Eyal explains the future of the crypto market along with Mark Yusko at 94:10 of this TDAmeritrade interview (https://twitter.com/TDANetwork/status/988402117084790785).
https://scontent.fsnc1-1.fna.fbcdn.net/v/t39.2147-6/c0.0.476.249/p476x249/30798198_170827863635757_3101915635613958144_n.jpg?_nc_cat=0&oh=6414a004af3b7f357355464af3187aba&oe=5B623BE0 (https://twitter.com/TDANetwork/status/988402117084790785)

I’ve read your project and read the comments of the people who care ‘bout the project. I find that I have the same thought as many people that comment on your project. It’s amazing for sure ;)

It'll be connected only with Amazon? Or eBay, Aliexpress too?

Shopin will work with various major retailers to integrate our platform, we'll be releasing names in due time. Stay tuned!

Thanks! The best is yet to come

Blockchain Advisor & Strategist Brad Yasar Joins Shopin Board of Advisors
https://scontent-ort2-1.xx.fbcdn.net/v/t39.2147-6/c45.0.160.160/p160x160/30175774_268843350323110_858703531727650816_n.jpg?_nc_cat=0&oh=2f4aa9268c2b3424591a98e34af43101&oe=5B968317 (https://www.prnewswire.com/news-releases/blockchain-advisor--strategist-brad-yasar-joins-shopin-board-of-advisors-300634767.html)

Thanks so much! We received your message on Telegram as well! We will definitely add it to our sites to watch!

We are incredibly thrilled to have officially concluded our Token Generation Event! 🎈🚀💫

We are so appreciative of all participants; those who contributed .5 ETH to 5,000+ ETH. We couldn’t be here without all of you. 👨‍👩‍👧‍👧 ❕

As of now, we’re just over 42.5M, but we’re still processing so of course we’ll share with you all when we reach our final amount. 🎊

For those of you who have not yet finalized your participation, we will still honor your pledges, but make sure to send us all the necessary documents ASAP! 📥

WE LOVE OUR COMMUNITY.
Thank you for being a part of it! 💕

Earlier today, Shopin CEO Eran Eyal appeared on Cheddar TV to speak about Warren Buffet's crypto-doubt and the future of blockchain technology (and of course, SHOPIN!)

https://cheddar.com/videos/retail-revolutionized-with-blockchain

Hi friends!

Shopin is now listed on Bitgur price index - https://bitgur.com/coin/SHOP (https://bitgur.com/coin/SHOP)! You can add it to customizable watchlist and create advanced price alerts.

Coin Tracking
There is Coin Tracking Alert in Bitgur Alerts. Add it once and you will receive important information about SHOP. Price change, unusual volume, new listings, general news, and events.

We can send notifications by telegram, e-mail or browser push notification. You will find Coin Tracking alert in our alerting system.
URL: https://bitgur.com/alerts

Volume Profile
We have a unique financial chart called Volume Profile. This tool is indispensable for determining resistance and support levels.
URL: https://bitgur.com/coin/SHOP/chart

Customizable watchlist
You can create your custom cryptocurrency watchlist using 35 financial indicators or charts and select their display order in the table.
URL: https://bitgur.com/watchlist

Favorites coins on the main page
You can enable viewing only the favorites coins from your watchlist on the main page. Simply press Star Button.
URL: https://bitgur.com

Good evening. It's nice to see that developers are constantly working with coins. I see great prospects in the coin. Good luck to you.

are we lower than ico?  I see ico was .10 per token and were sitting at .03 per token?  Seems like a good buy?

Hello everybody. At the moment, an excellent price for a coin. It all depends on how long you want the coins to buy. I wish everyone success.

so what happens now after this hack?  Do all ico participants lose out?

https://twitter.com/Aurora_dao/status/1010544089085894657

Good project

719,000 already sign on the platform with their invites too amazing :o

I want to reserve RUSSIAN/UKRAINIAN translate, if needed.

Bitcointalk account URL: https://bitcointalk.org/index.php?action=profile;u=1026348
Bitcointalk name: Dilerium90
Rank: Full member
Translation portfolio link:

Rus/Ukr - https://drive.google.com/open?id=14bknXtT00Xn4JYlK4RbqAIVW6oETJTrh

ETH address: 0x78c9C4FDeB0EB814747d18be65116a9348afEd54

Become a part of this technology with this project. New technologies are new opportunities. This company looks very worthy and interesting, I think it has a great future. I believe in the future of this project. His will become mainstream in the future. I'm sure of this too. It is not surprising that this project has already gathered so many like-minded people and supporters ready to support you and be part of such a strong and confident team.

Hi, it's really interesting idea in the  sales line . I wish successful development for the team. Benefits to buyers and sellers are good, what about AI and AR/VR technologies?

looks like the team not care about the announcement thread :(
so how you can get investor   ::)
i not talking about all investor but some investor will seeing your announcement thread before the investing

Shping Coins will become the currency that enables brands, retailers and associated organisations to utilise this powerful platform to influence and reward consumers to make smarter, safer shopping choices. It remains to wait for ubiquitous implementation!

Will the mall be listed in any exchange yet this year 2018? In the sale of tokens, at the time of purchase have the tokens already been deposited in the user's wallet?

Retail is not working properly and fulfilling the needs of customers. E-commerce customers moved to the retailer site, they cannot be identified. Even the customers log in details, the data gathered which is related to the retailer and it is unfinished.  This guides the retailer address to behavioral marketing solutions with the help of big data sets. However, retailers buy third-party data which is old stock and insecure.
Shopin builds a decentralized platform where Amazon is moving into the blockchain with a new partnership with a universal shopper profile and cryptocurrency helps for both the retail and e-commerce. Shopin securely manages the customer’s personal data such as online shopping data, personal ID and payment information, and user credit card information while delivering an Amazon-like experience and product references for the customers. Shopin will store all the purchase data about the customers from the retailers, and users are rewarded when retailers use it to improve the shopping online experience. Shopin secures data with the help of blockchain so it is safe from searching eyes.

I see an announcement about swap the token. It seems you did not edit yet. Why do you decide to change to use EOS blockchain? What are the advantages when compare with ETH blockchain?

Can any one tell me how can i contact manager to ask about stakes. Thanks.

  All are waiting for news about Eran. Maybe they will still distribute tokens. The token swap process is on-going. Now there are very few original and significant projects, hope good news to Shopin!

EOS transactions cost nothing - it can process thousands of transactions per second - compared to Ethereum's 7 t/ps

What's the swap information for SHOP?

A Medium post by Shopin dated 26 January no longer shows Lingham as an adviser.
Lingham said Eyal had tried to get him to invest in Shopin but that he had declined. “I didn’t suspect anything untoward, other than the usual ‘hype’ from Eran — he tended to over-promise and under-deliver consistently, over his career. I didn’t expect it to be fraudulent, just overhyped,” he said.
The AG and SEC should investigate Shopin. Too many questions about what's real and what's fake now
AG is  a joke. It's trying to go after everyone, recently it was Kraken and few other exchanges
AG is killing the crypto-scene in NY, however SEC is way better

It is quiet here. I thought i would raise awareness of this project having scammed....
https://coinjournal.net/fraud-fake-partnerships-and-a-past-revealed-the-shopin-story/amp/?__twitter_impression=true

If any information is available on the legal activities, please, share here...