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shopinapp-blog · 6 years ago

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Shopin Q2 2019 update from CEO and Founder Eran Eyal.

From recently being cited as the company predicted to bring the most impact to the retail industry to releasing live demos of its technology, Shopin’s CEO Eran Eyal updates the participants from its 2018 TGE and retail partners with traction over the past year.

Brooklyn, New York: Shopin continues to make strides with its products to decentralize the purchase data and technological advantages of retail giants, and to bring consumers closer to controlling their data.

Eran Eyal, CEO and founder of Shopin, recounts: “It’s been a year filled with challenges and opportunities to rise beyond our original path to execution as well as mature our team… and thus our mindset and go-to-market strategies.”

Eyal goes on to list some of the headliner moments of the past year since last year’s TGE:

Shopin saved Japanese participants over $5MM through a token swap. When the team learned that one of the syndicates had their personal wallet hacked, leading to the theft of over 10% of the distributed tokens, they saw that over 3,000 supporters of Shopin’s vision would lose their funds. As a result, Shopin did a token swap, with the help of their partner BlockWell, to bring justice and integrity to a challenging situation(1–9)

Shopin elevated its team with a new CTO, Georgi Gospodinov, PhD. Gospodinov (professor of mathematics) left his fast-track career at Walmart, (10–12)where he served as Director of Insights and Analytics and was responsible for innovations and patents in artificial intelligence and blockchain. He joined in late 2018 and immediately drove innovation in all technological verticals ranging from Shopin’s unique approach to marrying Visual Artificial Intelligence and Natural Language Processing to creating the Retail Intelligence Data Engine.(13–38)

We were joined by advisors Mark Plaskow, Artificial Intelligence and Machine Learning expert, andProfessor Richard Linaresfrom MIT.(39–54) Beyond serving as technical advisors, Mark and Richard work daily on Shopin’s Visual A.I.and NLP engines.

Shopin released the Retail Intelligence Data Engine (R.I.D.E.)and secured two provisional global patents for the approach and system: One for the type of data and methods to derive insights, and a second patent for how we use our Visual Artificial Intelligence to refine the universal SKU catalogue (identifying duplicate and similar items, even if their details were changed or omitted). R.I.D.E. is a recommendation and actionable insights engine which decentralizes the purchase data insights of industry’s top retailers, including Amazon, eBay, Macy’s, Bloomingdales, Michael Kors, Coach and thousands of smaller brands. Shopin has a proprietary method for accessing the purchase data inferences of major online retailers in order to provide the kind of unique insights which power Amazon’s recommendation and analytics engines (and gives them the data necessary to spin up successful competitive LLCs that compete with retailers). Today R.I.D.E. incorporates 3.5Bn purchase data transactions, over 30MM cooccurrences between SKUs, over 12MM SKUs, and tracks over 80,000 brands. (55–78)

Shopin partners with Blockwell to release a live demo of effortless branded token creation for the world of retail.Shopin’s new swapped token can teach the world of retail new tricks. Retailers can purchase Shopin tokens, which they can brand as their own tokens to reward shoppers for loyalty and acting on ads or content. Shopin released a live demo on the Rinkeby network which anyone can test at the link provided above. (79–91)

In Q2, The Lead (Retail Thoughtleader) and The Robin Report, announced the Leading 100 list for 2019 with Shopin awarded “Moonshot of the Year”. Noah Gellman, CEO, and founder of The Lead, elaborates: “Moonshot of The Year is reserved for the early stage company that we believe will be the highest growth company with the most impact across the industry.” (92–103)

In recent news, Shopin has been accepted into the IEEE to lead the working group setting the standards for decentralized identity. Shopin CEO Eran Eyal shares: “It’s a massive privilege to lead the formation of the global standards for decentralized identity, which we’re so incredibly passionate about. There are only about 250 corporate members such as Samsung, Sony, Apple, Google. We’re humbled to be in that kind of company at the IEEE pushing this fundamental human right and key requirement for the next generation of retail.” (103–117)

Recently Eran Eyal and Lane Campbell returnedtriumphant from GDS Summit with several of the Fortune 100 retailers such as Macy’s, Coach, Michael Kors, Ascena Brands, Finish Line, Halston Heritage, Millys, and eBay ranking Shopin either 9 or 10 out of 10 for R.I.D.E. and our vision of a universal shopper profile for retail. We’re in discussions with the retailers to move to pilots.

In the next 2 months, Shopin will be revealing some key insights, including:

The new patent pending ShopChain architecture and whitepaper

Roadmaps

R.I.D.E. growth figures

An update on the R.I.D.E. Backbone architecture, which incorporates Shopin’s proprietary Visual Artificial Intelligence and NLP engines

Partnerships

More validation from major retailers

New advisors and team members

Original posts and references:

(1)https://www.prnewswire.com/news-releases/shopin-launches-token-swap-in-response-to-japanese-syndicate-wallet-hack-300675710.html

(2)medium.com/@ShopinApp/shopin-token-swap-update-blockwell-partner-to-bring-retailers-new-functionality-on-the-blockchain-1c4691bc530e

(3)https://medium.com/@ShopinApp/blockwell-and-shopin-partner-to-reissue-tokenswap-d1cd8d71cb8c

(4)https://medium.com/@ShopinApp/shopin-token-swap-update-blockwell-partner-to-bring-retailers-new-functionality-on-the-blockchain-1c4691bc530e

(5)https://www.shopin.com/blockwell-and-shopin-partner-to-reissue-token-swap/

(6)https://coinspectator.com/news/1119132/blockwell-and-shopin-partner-to-reissue-tokenswap

(7)https://hackernoon.com/crypto-hacking-affects-more-than-just-exchanges-ff559bf3b72c

(8)https://www.shopin.com/token-swap-instructions/

(9)https://www.reddit.com/r/shopin/comments/8vvcn0/token_swap_announcement/

(10)https://www.forbes.com/sites/danwoods/2017/03/31/data-fusion-data-privacy-what-we-can-learn-from-walmarts-flexible-data-architecture/#4875451d5aa7

(11)https://www.forbes.com/sites/danwoods/2017/04/21/how-walmart-uses-data-to-drive-disaster-relief/#20c8918d444b

(12)https://www.slideshare.net/GeorgiGospodinov1

(13)https://medium.com/@ShopinApp/ama-with-shopin-cto-georgi-gospodinov-ex-walmart-director-and-artificial-intelligence-leader-1337d8f4aff8

(14)https://www.prnewswire.com/news-releases/walmart-director-and-artificial-intelligence-leader-joins-as-cto-of-blockchain-powered-retailer-federation-shopin-300746751.html

(15)https://blocktribune.com/blockchains-shopin-adds-georgi-gopodinov-of-walmart-as-cto/

(16)https://www.bitcoininsider.org/article/47135/shopin-blockchain-startup-appoints-ex-walmart-cto-georgi-gospodinov-chief-technical

(17)https://vimeo.com/300749010

(18)https://www.youtube.com/watch?v=2Jehl_-U5PE

(19)https://bitcoinexchangeguide.com/shopin-blockchain-startup-appoints-ex-walmart-cto-georgi-gospodinov-as-chief-technical-officer/

(20)https://flipboard.com/topic/leadership/walmart-director-and-artificial-intelligence-leader-joins-as-cto-of-blockchain-p/f-a6ddc22cb8%2Fyahoo.com

(22)https://cryptonews.bizlim.com/news/shopin-blockchain-startup-appoints-ex-walmart-cto-georgi-gospodinov-as-chief-technical-officer?uid=124359

(23)http://lekitchenbloggen.com/blockchains-shopin-provides-georgi-gospodinov-of-walmart-as-cto/

(24)http://www.sogolink-hiroba.com/shopin-blockchain-startup-appoints-ex-walmart-director-georgi-gospodinov-as-fundamental-technical-official/

(25)http://www.nbitsnk.com/shopin-blockchain-start-up-appoints-ex-walmart-manager-georgi-gospodinov-as-fundamental-complex-officer/

(26)http://7oclocks.com/shopin-blockchain-startup-appoints-ex-walmart-manager-georgi-gospodinov-as-fundamental-specialized-specialist/

(27)https://coin5s.com/content/ama-shopin-cto-georgi-gospodinov-ex-walmart-director-and-artificial-intelligence-leader

(28)http://www.surf-malin.com/shopin-blockchain-startup-appoints-ex-walmart-manager-georgi-gospodinov-as-key-complex-specialist/

(29)https://coinnewstelegraph.com/todays-top-crypto-news-bitcoin-price-analysis-elon-musk-china-kraken-paypal-and-blockchain-stories-bitcoin-exchange-guide/

(30)http://www.ezpost-articles.com/shopin-blockchain-startup-appoints-ex-walmart-manager-georgi-gospodinov-as-primary-specialized-specialist/

(31)http://www.platuworlds2018.com/blockchains-shopin-provides-georgi-gospodinov-of-walmart-as-cto/

(32)https://article.wn.com/view/2018/11/08/Walmart_Director_and_Artificial_Intelligence_Leader_Joins_as/

(33)http://www.breakeo.com/blockchains-shopin-brings-georgi-gospodinov-of-walmart-as-cto/

(34)http://www.lpcprinting.com/blockchains-shopin-adds-georgi-gospodinov-of-walmart-as-cto/

(35)http://www.volverene.com/shopin-blockchain-start-up-appoints-ex-walmart-manager-georgi-gospodinov-as-key-complex-specialist/

(36)http://www.bearcrawlingnation.com/blockchains-shopin-brings-georgi-gospodinov-of-walmart-as-cto/

(37)http://asummerplacewatchhill.com/shopin-blockchain-startup-appoints-ex-walmart-director-georgi-gospodinov-as-fundamental-technical-official/?route=product%2Fproduct&path=18&product_id=66

(38)http://www.caseyscamping.com/shopin-blockchain-startup-appoints-ex-walmart-director-georgi-gospodinov-as-main-complex-officer/

(39)https://markets.businessinsider.com/news/stocks/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopin-s-advisory-board-and-team-1028059276

(40)https://www.newson6.com/story/40195764/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-and

(41)https://www.prnewswire.com/news-releases/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-and-team-300818163.html

(42)https://www.einnews.com/pr_news/482247492/mit-professor-of-artificial-intelligence-and-renown-retail-machine-learning-innovator-join-shopin

(43)https://techinsiderinfo.com/artificial-intelligence-ai/mit-professor-of-artificial-intelligence-and-renown-retail-machine-learning-innovator-join-shopin/

(44)https://cryptopanic.com/news/5092683/Have-you-heard-about-the-new-additions-to-the-Shopin-team-MIT-Professor-Richard-Linares-amp-Mark-Plaskow-have-joine

(45)http://www.wboc.com/story/40195764/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-and

(46)https://www.usposts.net/2019/04/mit-professor-of-artificial-intelligence-and-renown-retail-machine-learning-innovator-join-shopin/

(47)https://congotoday.net/mit-professor-of-artificial-intelligence-and-renown-retail-machine-learning-innovator-join-shopin/

(48)https://www.newson6.com/story/40195764/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-and

(49)https://www.abc-7.com/story/40195764/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-and

(50)https://www.ktvn.com/story/40195764/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-and

(51)https://www.tmcnet.com/usubmit/-renown-retail-medical-machine-learning-innovator-mit-professor-/2019/03/26/8925487.htm

(52)http://www.wboc.com/story/40195764/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-and

(53)https://www.nbc29.com/story/40195764/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-an

(54)http://www.wfmj.com/story/40195764/renown-retail-and-medical-machine-learning-innovator-and-mit-professor-of-artificial-intelligence-join-retail-disruptor-shopins-advisory-board-and

(55)https://globenewswire.com/news-release/2019/04/10/1802024/0/en/SHOPIN-LAUNCHES-THE-RETAIL-INTELLIGENCE-DATA-ENGINE-TO-BRING-AMAZON-LIKE-DATA-INSIGHTS-TO-THE-DECENTRALIZED-WORLD-OF-RETAIL.html

(56)https://www.enterprisetimes.co.uk/2019/04/15/shopin-harnesses-customer-data-to-launch-retail-intelligence-platform/

(57)https://wwd.com/business-news/technology/shopin-ride-citation-1203142258/

(58)https://www.paymentssource.com/news/a-blockchain-startup-seeks-to-duplicate-amazons-control-of-payment-data

(59)https://www.apnews.com/b24b9e79fea17609ecd549dac27b63cb

(60)https://www.marketscreener.com/news/SHOPIN-LAUNCHES-THE-RETAIL-INTELLIGENCE-DATA-ENGINE-TO-BRING-AMAZON-LIKE-DATA-INSIGHTS-TO-THE-DECENT--28383702/

(61)https://congotoday.net/shopin-launches-retail-intelligence-data-engine-to-bring-amazon-like-data-insights-to-the-decentralized-world-of-retail/

(62)http://markets.financialcontent.com/workboat/news/read/38064250/shopin_launches_the_retail_intelligence_data_engine_to_bring_amazon

(63)http://markets.financialcontent.com/theeveningleader/news/read/38064250/shopin_launches_the_retail_intelligence_data_engine_to_bring_amazon

(64)http://markets.financialcontent.com/stocks/news/read/38064250/shopin_launches_the_retail_intelligence_data_engine_to_bring_amazon

(65)http://www.kake.com/story/40283455/shopin-launches-the-retail-intelligence-data-engine-to-bring-amazon-like-data-insights-to-the-decentralized-world-of-retail

(66)http://www.wfmj.com/story/40283455/shopin-launches-the-retail-intelligence-data-engine-to-bring-amazon-like-data-insights-to-the-decentralized-world-of-retail

(67)http://www.wboc.com/story/40283455/shopin-launches-the-retail-intelligence-data-engine-to-bring-amazon-like-data-insights-to-the-decentralized-world-of-retail

(68)https://www.einnews.com/pr_news/481825022/shopin-launches-the-retail-intelligence-data-engine-to-bring-amazon-like-data-insights-to-the-decentralized-world-of-retail

(69)https://medium.com/@ShopinApp/shopin-announcement-our-first-product-is-live-and-in-testing-thank-you-for-your-support-5358d5e43f7a

(70)https://www.shopin.com/shopin-announcement-our-first-product-the-retail-intelligence-data-engine-is-live-and-in-testing/

(71)https://medium.com/@ShopinApp/shopin-partner-with-fitforcommerce-at-shoptalk-71e92a786a44

(72)https://bitcoinexchangeguide.com/todays-top-crypto-news-bitcoin-price-analysis-elon-musk-china-kraken-paypal-and-blockchain-stories

(73)https://marketingland.com/how-could-facebooks-use-of-blockchain-affect-marketing-and-advertising-256699

(74)https://www.linkedin.com/pulse/shopin-announcement-our-first-product-retail-data-engine-eran-eyal/

(75)https://congotoday.net/shopin-launches-retail-intelligence-data-engine-to-bring-amazon-like-data-insights-to-the-decentralized-world-of-retail/

(76)https://allevents.in/london/shopin-retail-intelligence-data-engine/1000062840254894

(77)https://www.eventbrite.com/e/shopin-retail-intelligence-data-engine-tickets-62840254894?aff=ebdssbdestsearch

(78)https://www.eventbrite.es/e/the-future-of-retail-intelligence-2019-breakfast-registration-56643331730

(79)http://www.globenewswire.com/news-release/2019/04/23/1807989/0/en/EFFORTLESS-BRAND-AND-RETAIL-TOKEN-CREATION-AND-DISTRIBUTION-IS-HERE-THANKS-TO-BLOCKCHAIN-RETAIL-STARTUP-SHOPIN-AND-TECHNOLOGY-PARTNER-BLOCKWELL.html

(80)https://www.apnews.com/ea59c1c0b7fb2ffea4581369f9854d9c

(81)https://www.morningstar.com/news/globe-news-wire/GNW_7588497/effortless-brand-and-retail-token-creation-and-distribution-is-here-thanks-to-blockchain-retail-startup-shopin-and-technology-partner-blockwell.html

(82)https://www.globenewswire.com/news-release/2019/04/23/1807989/0/en/EFFORTLESS-BRAND-AND-RETAIL-TOKEN-CREATION-AND-DISTRIBUTION-IS-HERE-THANKS-TO-BLOCKCHAIN-RETAIL-STARTUP-SHOPIN-AND-TECHNOLOGY-PARTNER-BLOCKWELL.html

(83)https://www.bloomberg.com/press-releases/2019-04-23/effortless-brand-and-retail-token-creation-and-distribution-is-here-thanks-to-blockchain-retail-startup-shopin-and-technology

(84)http://markets.financialcontent.com/times-online/news/read/38130790/effortless_brand_and_retail_token_creation_and_distribution_is_here

(85)http://www.wfmj.com/story/40351223/effortless-brand-and-retail-token-creation-and-distribution-is-here-thanks-to-blockchain-retail-startup-shopin-and-technology-partner-blockwell

(86)https://www.einnews.com/pr_news/483013503/effortless-brand-token-creation-and-distribution-is-here-thanks-to-blockchain-retail-startup-shopin-and-blockwell

(87)https://www.shopin.com/branded-tokens-for-the-world-of-retail-are-here/

(88)https://www.mannpublications.com/fashionmannuscript/2019/05/05/effortless-brand-retail-token-creation-distribution-is-here-thanks-to-shopin-blockwell/

(89)https://www.reddit.com/r/shopin/comments/bw9jlc/effortless_branded_retail_token_creation_and/

(90)https://vimeo.com/331137463

(91)https://www.coinmarkets.net/stories/260924/shopin-live-product-demo-tokens-for-retailers-and-brands/

(92)https://www.streetinsider.com/Press+Releases/RETAIL+THOUGHT-LEADER%2C+THE+LEAD%2C+NAMES+SHOPIN+MOONSHOT+OF+THE+YEAR+2019./15540098.html

(93)http://markets.financialcontent.com/thepostandmail/news/read/38313551/retail_thought

(94)https://www.einnews.com/pr_news/486123432/retail-thought-leader-the-lead-names-shopin-moonshot-of-the-year-2019

(95)http://www.wboc.com/story/40529511/retail-thought-leader-the-lead-names-shopin-moonshot-of-the-year-2019

(96)https://www.globenewswire.com/news-release/2019/05/23/1842015/0/en/RETAIL-THOUGHT-LEADER-THE-LEAD-NAMES-SHOPIN-MOONSHOT-OF-THE-YEAR-2019.html

(97)https://www.benzinga.com/pressreleases/19/05/g13801988/retail-thought-leader-the-lead-names-shopin-moonshot-of-the-year-2019

(98)https://www.reddit.com/r/shopin/comments/bw9hs3/blockchain_startup_shopin_named_moonshot_of_the/

(98)https://www.shopin.com/the-lead-announces-the-leading-100/

(99)https://www.pressreader.com/usa/wwd-digital-daily/20190530/281788515542711

(100)https://www.incontextsolutions.com/2019/05/23/the-lead-announces-the-leading-100/

(101)https://mandipao.com/news/shopin-cited-high-growth-early-135935888.html

(102)https://the-lead.co/the-leading-100-2019/

(103)https://forextv.com/top-news/retail-thought-leader-the-lead-names-shopin-moonshot-of-the-year-2019/

(104)https://finance.yahoo.com/news/shopin-joins-ieee-establish-unified-123000748.html

(105)https://markets.businessinsider.com/news/stocks/shopin-joins-ieee-to-establish-unified-decentralized-identity-technology-working-group-1028273432

(106)https://www.morningstar.com/news/globe-news-wire/GNW_7634704/shopin-joins-ieee-to-establish-unified-decentralized-identity-technology-working-group.html

(107)https://www.marketscreener.com/news/Shopin-Joins-IEEE-to-establish-Unified-Decentralized-Identity-Technology-Working-Group--28744567/

(108)https://www.globenewswire.com/news-release/2019/06/12/1867549/0/en/Shopin-Joins-IEEE-to-establish-Unified-Decentralized-Identity-Technology-Working-Group.html

(109)https://www.einnews.com/pr_news/487818493/shopin-joins-ieee-to-establish-unified-decentralized-identity-technology-working-group

(110)https://world-news-monitor.com/technology/2019/06/12/shopin-joins-ieee-to-establish-unified-decentralized-identity-technology-working-group/

(111)https://www.reddit.com/r/IEEE/comments/bztcl8/shopin_joins_ieee_to_establish_unified/

(112)https://www.owler.com/company/ieee

(113)https://www.sectorpublishingintelligence.co.uk/news/2349294/shopin-joins-ieee-to-establish-unified-decentralized-identity-technology-working-group

(114)https://cryptopanic.com/news/5696089/Shopin-Joins-IEEE-to-establish-Unified-Decentralized-Identity-Technology-Working-Group-Shopins-new-standard-will

(115)https://www.linkedin.com/feed/update/urn:li:activity:6544561580166651904

(116)https://tokenmarket.net/blockchain/ethereum/assets/shopin/

(117)https://okameinkoharu.com/each-cryptocurrency/shopin/ieee-joining/

About Shopin:

Shopin is a universal shopper profile, built on the blockchain and powered by our proprietary artificial intelligence tools, which delivers shoppers the most personal experience in every site and app, as well as in-store, by working with retailers to give shoppers control of their purchase data.

When shoppers own the best of their data, we can enable retailers to advertise directly to the shopper, who gets 85% of the ad revenue to spend back in the world of retail through the Shopin and branded tokens.

Recently Shopin launched the Retail Intelligence Data Engine which leverages more than 3.5 billion purchase data transactions, 30 million SKU connections and 71,000 brands, to democratize and decentralize the forecasting and recommendation power of ecomm giants to the rest of the retail economy.

Shopin is the winner of BTC Miami (North American Bitcoin Conference), CoinAgenda Global and Bitcoinference 2018. The Lead named Shopin as retail’s “Moonshot of the Year” in the Leading 100.

Our mission is to transform the retail web into a decentralized Amazon-like model through our proprietary artificial intelligence tools and blockchain approach. We are driven to ensure that timeless brands have the opportunity and tools to remain timeless.

Contact: Eran Eyal

[email protected]

This article was originally published here.

#Retail #RetailIntelligenceDataEngine #IEEE #Tokenswap #Blockchain #Shopin #EranEyal

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shopinapp-blog · 6 years ago

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Shopin Joins IEEE to establish Unified Decentralized Identity Technology Working GroupShopin’s New Standard Will Offer A Secure, Decentralized, Approach for Retailers to Personalize Consumer Shopping Experience and for Consumers to Achieve Data Sovereignty

Brooklyn, New York, June 12, 2019 (GLOBE NEWSWIRE) — Shopin.com blockchain, artificial intelligence, and decentralized identity solutions aim to accelerate revenue and lead the retail industry forward with unparalleled security, personalization, and decentralization, today announced it has joined the IEEE as a corporate member to establish the Unified Decentralized Identity Technology working group.

As a leader in the blockchain industry, the company is forming this working group and bringing together a consortium of experts who offer a strong foundation of web 3.0 decentralization technologies. Promoting a strong foundation and shared vision, the company expects more retailers will be ready to adopt decentralized identity technology to help drive increased personalization that can boost revenues.

Eran Eyal the CEO of Shopin shares: “The best way to improve adoption and outcomes for our clients is to encourage the industry to co-create these standards. To further our commitment to open standards we are forming this Working Group to facilitate industry wide change that we steward with our technical leadership”.

“We’re proud to take our place alongside prestigious members of the IEEE like Sony, Samsung, Qualcomm, AMD, Apple, Google, IBM and more. It’s humbling to see Shopin’s logo on the roster.”

In furtherment of these goals, Shopin will soon be revealing a proprietary patent-protected enterprise-grade GDPR-compliant data exchange which leverages a unique asymmetrical and asynchronous Distributed Hash Table (DHT), blockchain, and artificial intelligence architecture. This solution will be open-source.

Shopin invites all retail and technology companies or individuals interested in joining the UDID Working Group to contact us at [email protected].

Shopin can be found on IEEE here: https://standards.ieee.org/about/corpchan/mbrs5.html

About Shopin

Shopin is a universal shopper profile, built on the blockchain and powered by our proprietary visual artificial intelligence, which delivers shoppers the most personal experience in every site, app and instore by working with retailers to give shoppers control of their purchased data.

Our mission is to transform the retail web into a decentralized Amazon model through our proprietary artificial intelligence tools and blockchain approach.

Recently Shopin released its first product, the Retail Intelligence Data Enginewhich leverages data from over 3.5BN purchase data transactions to deliver forecasting and trends insights and recommendations to retailers and brands.

Shopin was named retail-tech “Moonshot of the Year” by thought-leader The Lead and is the winner of BTC Miami, CoinAgenda Global and BitCoinference.

Contact: Eran Eyal

[email protected]

This article was originally published here.

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THE LEAD ANNOUNCES THE LEADING 100

The annual research list recognizes the break-out technology start-ups driving innovation in the fashion & retail industry. Shopin listed as “Moonshot of the Year 2019”

{NEW YORK, NY, May 23, 2019} The Leadhas announced The Leading 100 of 2019, the highly anticipated annual research list recognizing the break-out technology start-ups driving innovation in the fashion & retail industry. Companies from across the industry value chain — including marketing, e-commerce, in-store technology, payments, supply chain, manufacturing, design & sustainability — were nominated & considered.

The Leading 100 companies are representative of game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. They represent the next generation fashion, retail and commerce technology ecosystem, while at the same time, creating high-growth businesses that offer outsized opportunity upside for investors. It is The Lead’s belief that this group collectively signals the future of the industry.

“When looking at these companies, we paid special attention to their business models, market opportunityand funding. It’s a crowded field. That said, it was important for us to select companies that are on a strong path of commercialization and are approaching exit velocity, so that we can be confident that they will notonly be here in a couple of years, but have the longevity to have an outsized impact on the industry,” said Awais Khan, Head of Research at The Lead.

All companies were vetted and selected using a rigorous methodology. After reviewing the nominations, The Lead’s Head of Research, Awais Khan, led in-depth analysis into each company. The process included a detailed look at each company’s business with a focus on innovation, market opportunity, media buzz, team, commercialization, competition & investor value creation.

‘While these companies are in growth mode today, the technologies they are incubating will be main-stream in just a few year’s time. By understanding which companies are breaking-out from the pack, we hope the fashion and retail community can develop a stronger sense of where the industry is really going next,” Noah Gellman, Co-Founder & CEO of The Lead, said of the list.

The Leading 100 will be honored at The Lead Innovation Summit on July 9th & 10th, where the entire fash- ion and retail innovation community will converge to explore what comes next for the industry. The annual event will bring together the top fashion brand and retail thought leaders, start-up CEOs, investors, deal- makers and stakeholders that comprise The Lead’s network, spanning the fashion-retail-commerce inno- vation ecosystem. The goal of the event — to zero in on the sweet spot in the fashion, retail & technology markets, where innovation is shifting behavior and creating new business opportunities. The Innovation Summit will come to life in Williamsburg on Brooklyn’s Innovation Coast.

The Lead’s next annual list, The Foremost 50, will feature the break-out D2C digital native brands that arereinventing and redefining the future of the fashion and retail industry. Nominations can be submitted on The Lead’s web site at www.the-lead.co.

The Leading 100 are —

The Lead Top 100 List Shopin

In addition to The Leading 100, The Lead would like to recognize two companies that we are keeping an eye on. Company #101 is Afterpay, which is a category leader but not eligible due to being a publicly traded company on the Australian Stock Exchange. The Lead recognizes Shopin as 2019’s Moonshot of the Year.

ABOUT THE LEAD

The Lead bridges the fashion and retail industry with the global Silicon Valley, empowering the fashion business’ transition to digital centricity. In partnership with industry leaders, The Lead conducts research, produces a quarterly publication and holds a series of events centered on emerging technology, and its adoption, across the fashion-retail-commerce value chain. Analysts including Awais Khan (Leader in the Venture Capital Practice at KPMG & former chair of the AlwaysOn Private Company Selection Committee) track the emerging technology companies innovating at the intersection of these two industries. The Lead produces two annual lists that the fashion brand and retail community must know: The Leading 100 (B2B startups across the value chain) & The Foremost 50 (D2C digital native brands). Digital transformation in the fashion-retail-commerce space is a macro trend gaining in velocity. Our work is to reveal what is coming next and to help our community get ahead of it.

### For more information on this topic, please email Caitlin Boyle at [email protected]

This article was originally published on Medium.com.

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shopinapp-blog · 6 years ago

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You Sunk My Business “Battleship”… and Other Thoughts on Strategy

This article was originally published on EranEyal.com

Competition is a natural part of life. You find it everywhere, from the board games you play casually with friends to the businesses that compete neck and neck with each other for greater success. Whether you are playing a game or running a business, the basic path for success remains the same: you need a clear and strong strategy to steer a steady course.

Lately, I’ve been considering one of my favorite childhood games: Battleship, and pondering about how its strategy parallels the business world. At its core, Battleship is a game in which you have to fail over and over before you win. Battleship fundamentally requires a systematic strategy of trial and error in order to find your opponent’s ships. After hitting a ship for the first time, it’s fairly easy to hit the rest of it and sink it, because you begin to see the shape of success.

Entrepreneurship shares similar traits. You can make educated guesses or accurate predictions when you’re strategizing, but there is never a 100 percent guarantee for success. This is what makes it so crucial to be meticulous and plan ahead. In Battleship, you want to actively discern where your opponent has placed their pieces. It’s essential to be ready to readjust your plan if necessary, to course correct yourself if you find that certain areas of attack are simply not working.

Battleship shows entrepreneurs that it’s going to take some time to get your bearings — it’s nearly impossible to do everything right the first time when starting a business, just like it’s nearly impossible that you’ll go a whole game of Battleship without missing at all. You can’t reasonably expect either scenario to happen, so understanding the trial and error approach will better equip you to pick yourself back up from failure in order to keep moving forward and eventually find the shape of success.

In any game, and with any business, you are playing to win. Strategy and competition is zero-sum: there are a limited amount of resources to be had by each participant. You either work to boost your own resources above your opponent or try and deplete your opponent’s resources — this is true in Battleship (and in Monopoly or Settlers of Catan or any other strategy game) and this is also certainly true in business.

Video Link: https://www.youtube.com/watch?v=bNpx7gpSqbY

This is why it’s important to have a well-thought-out strategy and be prepared to change it as necessary. If you’re playing against someone by relying on chance and luck rather than a well-thought-out strategy, you’re way worse off because the game is a two-sided equation: your opponent is certainly not going to simply hope for the best, they are going to do everything in their power to win, and that means trying to find a strategic way to beat you and win.

Battleship is unexpectedly also an exercise in listening. The game is particularly fascinating in that it requires open and honest communication between opposing players. When one player calls out a grid number, the other person must declare whether their opponent has hit or missed a ship. Once a ship has been sunk, the opposing player must say so to their opponent. Business decisions have very clear responses — investors, consumers, employees and partners, the general public all have an opinion — but you have to be listening for it. Are you open to accept the feedback?

When you pay attention to the response, you begin to understand where strengths rise and weaknesses lie veiled. If your product isn’t being well-received, listening will likely reveal vital information that could affect your strategy. Of course, you have to know how to listen. You have to have the right tools. Perhaps you’ve been marketing to the wrong target audience, or you should have been focusing on one of your product’s features over others. In the way that your Battleship opponent tells you if your decision was right or wrong, there are many who will also keep you informed and aware of what’s working and what’s not in your business. Have you surrounded yourself with advisors and colleagues that can help you circumnavigate these experiences in an effortless and easy manner?

When approached with the right mindset, Battleship is fun no matter if you win or lose. What matters the most is the process, and learning from the process as much as you can creates the enjoyment that many feel while competing.

There’s so much value in playing the game itself, and the lessons you gain while doing so are what lead to future success. Winning a game is accompanied with a short-lived burst of elation… but the lessons and small wins along the way to the big win will provide a path to a lifetime of successes.

Likewise, entrepreneurs can find fulfilment in their business endeavors whether they are successful or not in securing that “BIG FINAL WIN” at the end of the race, as long as they are fully invested in the process and are open and willing to learn from the experience. Without working through the process, entrepreneurs can never hope to find success in their future or experience the true joy of competing.

Remember when you studied maths or science? The majority of the points were gained in showing how you achieved your final solution, not in the provision of the final solution itself. You could even score marks just in getting some of the steps right, even if the final solution was erroneous.

Challenges and competitions are healthy for entrepreneurs. They drive us to be deeply involved in process-based outcomes instead of the false positives of seeming “big wins”. Keeping in mind that it’s all a game of Battleship or similar offers that meaningful series of regular rewards that help keep us on track and stay motivated. They also ensure that even if the final goal you set out to achieve is not fully met, you’re left with a wealth of riches from each successful milestone.

About the Author

Eran Eyal is an investor, advisor, and award-winning entrepreneur with over 20 years of experience in the crowdsourcing, e-commerce and retail markets. Currently, Eyal is the founder and co-CEO of Shopin, where he looks to revolutionize the customer shopping experience by putting individuals in control of their own data.

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shopinapp-blog · 6 years ago

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Shopin Announcement: Our first product is live and in testing! 🚀🚀🚀 Thank you for your support 🙏🎉🎉🎉

THE RETAIL INTELLIGENCE DATA ENGINE IS LIVE!

It's an exciting time. Our first product is live! R.I.D.E. (The Retail Intelligence Data Engine) was launched recently, and is live and being pitched in potential partnerships with warm reception. What is R.I.D.E.? Think of it as the analytics backend of Amazon for the entire retail web.

Incredible retail giants like Amazon and Alibaba enjoy a purchase data ecosystem and artificial intelligence tools that they built their business on from the ground up. They leverage an unfair advantage gained from these unique insights due to having so many retailers and brands in one purchase data ecosystem.

They know which products (bought with recommendations) are most likely to be bought by shoppers with other products... right through to being able to predict the effect of removing products from their catalogue and the potential catastrophic knock-on "cripple" effects on the sales of products shoppers buy with those removed products.

In the rest of the retail world, retailers don't share purchase data with one another as they see each other as competitors. As a result they have never been able to realize the value of these critical insights... until now. Enter the world of R.I.D.E. As our team builds out the components of a distributed/ decentralized Amazon, we realized that we had already built some of the core requirements for this exciting product, thanks to the efforts and insight of our talented CTO Georgi Gospodinov.

What powers R.I.D.E.? (2 provisional patents in place!)

3+ Billion transactions

2+ Million SKUs

2,650+ Retailers

56,000+ Brands Proprietary NLP and visual artificial intelligence

Learn more about R.I.D.E. page

Download the PDF

Onwards and upwards!

The Shopin team

TOKENSWAP UPDATE

Shopin and Blockwell have swapped out more than 70% of the distributed tokens. We are due to release a dAPP to serve the rest of you soon. If you haven't swapped yet, you can ask questions at this Telegram group:

UPCOMING TEAM ANNOUNCEMENTS

NEW ADVISORS TO BE ANNOUNCED! Stay tuned! We will be revealing information very soon. Follow us on Medium to get the news first.

DEMO AND AMA

Join Shopin's CTO Georgi Gospodinov and founder Eran Eyal presenting a demo of R.I.D.E. in the next two weeks, or sooner. We will also be announcing the dates for an upcoming AMA to address burning community questions.

SHOPTALK//FITFORCOMMERCE

Last week our team was at ShopTalk, (the biggest retail event in the USA) where we partnered with FitForCommerce. We enjoyed many exciting meetings and warm reception from the retail community, and are in the process of setting follow-up meetings.

ARTIFICIAL INTELLIGENCE FOR RETAIL

ONBOARDING GAMES VISUAL A.I.

Shopin are building some best-in-class white label onboarding experiences and visual artificial intelligence tools for the retail industry 3.0.

Visual A.I. to recognize products

Verified shopper preferences via onboarding experiences

Whitelabelled for each retailer

Watch Demo

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Shopin partner with FitForCommerce at Shoptalk

Shopin’s team is heading to Las Vegas this weekend, to attend Shoptalk, where the entireretail ecosystem comes together to create the future of retail based on the latest trends, technologies and business models, including changes in consumer expectations.

We will be partnering with FitForCommerceto introduce our new product R.I.D.E., our visual artificial intelligence and blockchain innovations to the world of retail.

Founder and Co-CEO Eran Eyalshares:

“Shopin is proud to be partnering with thought leaders such as FitForCommerce. Our unified presence at the ShopTalkis our first step in bringing the Artificial Intelligence innovations, purchase data insights, and infrastructure to the retail market that only global commerce monopolies have enjoyed.

We look forward to meeting you. Please contact us to set up a time to connect with us at ShopTalk.”

Our core focus at ShopTalk will be to introduce Shopin’s patent-pendingRetail Intelligence Data Engine (R.I.D.E)and further ongoing discussions with major retailers to partner and integrate Shopin’s unique universal shopper profile, blockchain, artificial intelligence and purchase data-focused platform.

Meet with us at ShopTalk!Contact us here: [email protected]

What is R.I.D.E.?

R.I.D.E. is a recommendation system built on comprehensive customer purchase data from across the retail industry.

The recommendations help retailers and brands improve strategic and tactical decisions to grow their catalog and brand portfolio. The data-driven analytics engine infers insights from billions of transactions, tens of thousands of brands and thousands of retailers.

What powers R.I.D.E.?

Ride is built up from analyzing over 3 billion purchase data transactions

Click to Download the brochure for R.I.D.E.

Request a demo of R.I.D.E.

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Startup Fundraising Mentality: Think like a VC

Article originally published on StartUpHat.com by our CEO, Eran Eyal

Recently, whilst speaking with a VC friend, we discussed the startup fundraising mentality and how the venture capital industry thinks about startups in broad strokes.

It would be great to share a “silver bullet” with you today, but that’s perhaps too optimistic. Rather, I’m going to discuss some of my thoughts that I shared in response to these questions.Here’s a breakdown of the conversation:

Dear <Venture Capitalist>,

My birds-eye view of VC:

First off: I think venture capitalists and investment bankers are a breed apart… But some of the lessons imparted below are shared mutually.

I think that the venture capital industry and is actually an industry that is driven by an intersect of thesis, mandate and emotion.

Ultimately, it’s a checklist and like Greg Mooresays: money doesn’t like to think. It likes a simple checklist.

Investing In What They Know

Obviously, people invest firstmost, or the majority of their capital, in what they know from their professional experience. They invest algorithmically. The startup fundraising mentality should be geared to not only raise from the right VC, but from the right partner at the fundwho has done similar deals.

For example: you go to Fred Wilson(one of the gold standards in venture capital) to pitch an investment in mostly consumer-facing (B2C) startups. That’s what Union Square ventures specializes in. They don’t focus on b2b, not because they don’t respect the space — it’s just that they understand B2C space because they have had success (and fails! — those are important too, as smooth seas do not a good sailor make) with these companies and are in the best position to know the signals that predicate fast growth and which are likely big opportunities. They’re also in the best position to advise these companies to grow fast and make the best decisions that will lead to profitability, scale and exit/ IPO.

Another great example is Bessemer Venture Partnersthat really specialize in marketplaces — they’ve invested in everything from Fiverr to Pinterest — so their view on metrics is completely different from USQ. It’s much more about marketplace metrics and scalability on both sides of the market. Retention, acquisition and growth in repetition as well as cheque size. This is relevant for the client side, but equally for the workers that power the marketplace. (if you’re interested in some thoughts on spec work and bidding marketplaces as well as why I’m not a big fan of those type of exchanges, read on in this LinkedIn post I wrote recently).

Of course… They know how to spot a great team… And that trumps the product every time.

Investors like to invest in companies that are similar to what has made them successful in the past and in finding new efficiencies in an existing business model or expanding an existing market.

So if you can offer a product that is either faster, better or cheaper that’s can disrupt an existing very large market they already know about, it doesn’t make hard to think about.

Total Addressable Market (TAM)

Is it a big opportunity? How much can you capture? No VC wants to back an unambitious startup or one that doesn’t look to capture a chunk of a huge opportunity. Eg: with Indigogo there is over $300Bn each year in charitable giving / causes / supporting small projects and prototypes.

A lesson I learned worth sharing regarding startup funding is that whilst a VC wants to see a decent sized TAM, they also don’t want to see an unrealistically large TAM claimed by the entrepreneur or hear: “If we were able to close a small percentage of the TAM…”. What they want to see is that the entrepreneur has taken the time to investigate the market thoroughly and backs their statements up with reliable links (not Quora). From there they want to see a business plan that lays out very clear steps to securing a foothold in the market opportunity.

Going in with a massive TAM claim that’s unrealistic just gets people’s eyes rolling.

New Efficiencies Or Expanding Market Size?

When entrepreneurs think about a business, they often first consider: how can I make things faster, cheaper or more sophisticated. Finding new efficiencies in existing market plays is always welcome… however true disruption is often found in expanding the market size.

Here’s a great example: Uber is very disruptive. Why? Because Uber expands the market size of people who can make money from being a professional driver without being a part of a taxi company (that may have spent $1m on a medallion per taxi). nother good one is Box and Dropbox, which allowed people and businesses who could never afford cloud-based storage with enterprise-quality tools to have access for free, if not a few dollars.

These are markets which grew substantially due to disruption from these technology startups. That’s exciting to hear from the perspective of scale and how it fundamentally changes how people work every day.

There is no doubt in my mind that’s when you see another investor you know and respect invest in a company it is exponentially easier for you and your fellow investors to become involved.

Moreso if there is a strong lead, confidence in the deal is high. There are many smaller sources of capital (yes! Even some smaller VCs and funds that don’t have time nor resources to do an extensive due diligence) whose mandate dictates that they only follow. This means that they look for a larger funder or leader to take up a significant piece of the funding round and do the due diligence.

A caveat: if a smaller and well respected VC is committed and offers the intro / helps close the deal with big investors in their network, many deals are sealed this way.

Why? The first reason is Trust.When a deal comes from one’s own network and the deal is already backed (terms sheets singed and capital is deployed) the level of trust is very high and the deal is generally done quickly.

There is a second underlying aspect: often larger firms/ investors know that the smaller firms are their source of good deals (whilst there is no end of capital available, there is a shortage of food deals). Rejecting deals from a trusted source threatens the flow of future deals. It’s a dynamic that no one talks about but is certainly present.

This post by no means covers all the dynamics of the startup fundraising mentality. I would love to hear your opinion and see what I’ve missed out on. Comment below and share your thoughts, advice and experience.

About the Author

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Control Your Data Before It Controls You

In today’s society, information is power. It holds a great influence over us, yet we often go about our days blissfully unaware of the vulnerability of the standard infrastructure. In spite of the many prominent data hacksin recent history, such as the events involving Equifax and Cambridge Analytica, the controversy surrounding them has subsided in the public forum, and many people have moved on seemingly disregarding any possible threat to their own livelihood.

Such security being compromised is a more concerning threat than something as simple as personal information being used for targeted ads, although this does not change the concerning nature of how individual data is used to gain influence over a person. Personal identifying information (pii) is disseminated all the time, through purchase data and many other forms of private information sent out into the world and used by others to shape our experiences.

One proposed idea to combat this lack of control over our data is the creation of a data privacy bill of rightsthat gives pii other data ownership back into the rightful hands of consumers. Regulations like this would be a step in the right direction, although it is perhaps even more important to consider the distinction between owning pii and other such data as opposed to controlling how it is utilized.

This process does not simply end at owning and controlling our online data. As has been famously quoted many times in history, with great power comes great responsibility. In the modern age, it would be virtually impossible to attempt to keep all of our data private, considering it is an integral part of managing and enhancing our day-to-day lives; personal profiling of our shopping experiences, social media, banking/financial information becomes more and more essential to interacting with exponential advances of modern technology.

Video Link: https://www.youtube.com/watch?v=4E_1AB1rsSw

Finn Lützow-Holm Myrstad TED talk — How tech companies deceive you into giving up your data and privacy @finnmyrstad

The fight to protect data and provide oversight to infrastructure to the benefit of users has been “a losing game” — data is continually generated and monitored as we use the internet, make purchases, sign up for websites and so forth. When it comes to controlling our data, this proves a difficult challenge to overcome, as there is only so much that legislation can do to ease the pressures of the overwhelming demand of such data consumption which has become increasingly available for purchase by major conglomerates. As more data is created and assimilated, the responsibility for it also becomes greater, and the thought of controlling our data becomes less accessible and appealing to the general public.

The scale of the subject makes the notion of controlling it an amorphous and ethereal concept that can be difficult to comprehend. It is for this reason that individuals on a broad scale have aversions staying current to the advances in technology and learning how to control their data, despite the importance of doing so. To be fair, there isn’t much tangible value our data can offer to the consumer directly in its current state, despite its massive value to the adtech and commercial economy. Paradoxically it has enough value to be hacked, but not enough perceived and actualized value to the consumer themselves. Furthermore, people live busy lives and it’s hard to prioritize something that has a value that is so occulted and difficult to comprehend, instead feel adequately protected by regulations such as the GDPR.

A survey by Martech Today shows that a significant portion of consumers have expressed a desire for greater control over data, although the societal standards surrounding individual data control tells a different story. How many times have you skipped over a private policy agreement, or ignored terms and conditions? Most everyone has done it. Research by Deloitte confirms this, revealing that over 90 percent of consumersaccept terms and conditions without reading them. It is practically second nature for people to willingly hand over their data and let others assume responsibility for it. We must work to change this mentality to encourage individuals to take charge of their own data by proper incentive, and that path may be finally giving data tangible value back to individuals.

Video Link: https://www.youtube.com/watch?v=j6wwBqfSk-o

The Wall Street Journal — GDPR: What Is It and How Might It Affect You?

As we begin to seek control and responsibility of our own data, there is a clear requirement for the creation of a holistic data ecosystem that provides personal value to our information. The differences in experience are subtle but can provide a monumental change in security and optimal use. In the situations where a retailer uses data to provide recommendations vs times that a consumer chooses to share their own data with specific businesses, the outcome is virtually the same: a person will have their data provide them with a personalized shopping experience that benefits them. The vital difference is that in the second case, a consumer is also compensated and can be at less risk of their data being stolen or abused when the incentive to maintain users is created by limiting accessibility to PII (Personal Identifiable Information), forcing security measures to be implemented.

Developing our own data identities is about controlling our online information instead of having our data purchased and used by others to define us. In the end, it is not simply a matter of controlling our data, but realizing the value of it. Controlling our data is only the first step, and one must answer a fundamental questions: how do we standardize the value of our personal data? How do we create an ecosystem where that value can be leveraged without any of the security concerns of the past? Moving forward with this endeavor, we as a community must find the next steps for data rights and consumer relationships.

This article was originally published on EranEyal.com

About the Author

Eran Eyalis an investor, advisor, and award-winning entrepreneur with over 20 years of experience in the crowdsourcing, e-commerce and retail markets. Currently, Eyal is the founder and co-CEO of Shopin, where he looks to revolutionize the customer shopping experience by putting individuals in control of their own data.

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Ancient Wisdoms of the Entrepreneur, The Martial Art of Business Leadership, Part 1

What are the qualities that are found in the leadership roles of the most successful businesses? These men and women are calm and composed under pressure, capable of handling the high-stakes situations that regularly occupy their work. They are driven and passionate, but tempered, displaying excellent mental fortitude. They are open-minded and constantly learning while also being great mentors. These traits are emblematic of the discipline and virtues of eastern philosophies: the qualities that martial arts instil in the practitioners are that which enable business leaders to thrive.

My lifelong passion for martial arts, most notably Taiji Chaun & Bagua Zuang, has provided me longevity through persistence and consistency by “indomitable spirit.” These are coupled with creative perceptions influenced greatly by the inherent Taoist and Buddhist doctrines. Emblematic of the standards of these studies, the challenges one is forced to overcome are transmuted into valuable lessons that continue to shape my ideologies in a manner that improves my business ventures on a day to day basis.

Maintaining Composure

Martial arts, first and foremost, helps maintain composure and control over your emotions. You are forced to confront your physical, mental, and emotional weaknesses eventually led to overcome them. In business, letting your emotions rule will inevitably cause you to make critical errors.

Emotional decision-making, when untempered, elicits a negative “fight or flight” response resulting in being reactive and causing us to flee from stress, fear, and failure. Subsequently leading us to make decisions and take actions that provide a false sense of emotional resolution which are generally short-sighted inviting a trojan horse to unforeseen pitfalls. Instead, business leaders must be proactive and responsive; they must find a stillness within themselves and enable an understanding of a situation from every angle in order to assess the best outcome with clear rational discernment.

This sort of responsiveness in martial arts is cultivated through meditation as well as time tested techniques that offer business leaders a path to gain more control over their emotions and make optimal decisions in the face of adversity.

There is NO Failure, Only Feedback

Many startups will rarely acknowledge the positive implications of failure. Ignoring critical analysis often leads to devastating losses. In fact, it is by the pain of failure that one can begin to find new ways to progress and improve.

During my training, I once found myself attempting to master somersaults. I would roll around on the concrete, subjecting my body to the hard surface and trying numerous times to succeed. My speciality at the time, Hung Gar (Tiger style) is an art that toughens the body with external callusing, increasing bone density through microtrauma (iron body) all the while maintaining flexibility. I thought that I could simply keep “taking the damage” until I managed to make it work. But after many attempts, I realized that this strategy wasn’t getting me anywhere.

Eventually, I took a step back and reflected on the task, focusing on subtlety instead of the brute force that I had previously attempted. I realized that the motion of the somersault is all about flexibility and that my toughness was actually working against me. Recognizing my error in balancing my regiment, I changed my strategy based on that realization in order to accomplish my goal.

As an entrepreneur, “taking the arrows” is never the viable option. The thoughtlessness of such a method is particularly noticeable in the realm of business, where simply powering through a situation can wind up being harmful to your business and those within your organization. This just needlessly consumes time and energy. Instead, one must embrace failure and accept that the current methods just aren’t working out. Then you can begin the process of discovering the right path. This is the way of “no failure, only feedback.”

Appreciating Constant Learning

As with all endeavors, the natural progression of each pursuit will eventually lead to hearing (and potentially heeding) the call of leadership.

As an entrepreneur, it is the role of the leadership to guide employees toward the company’s vision, and as a martial arts teacher, it is one’s duty to help pupils embrace the legacy of the arts. A mistake that martial artists can make once they become teachers is neglecting their own training. They forget the necessity of constantly learning and improving themselves, and eventually become stagnant in their studies and spiritual progress. As my master once said, “A teacher who is no longer a student, is no longer fit to be a teacher.”

In your training, you will eventually come up against someone that hits harder, trains harder and is well prepared to test your skill and resolve. I recall a competition where I fought an opponent with 20 years of boxing experience and 12 years of martial arts experience. The first time he punched me, my whole body shook to my bones and joints. My opponent did not disclose his experience in boxing at all and used his boxing experience to overwhelm me. After the fight, I approached him and asked if I could buy him a drink — Recognizing his talent and wanting to learn more from the exchange. What I was gifted was the realization that while there is always someone out there who has trained longer, harder, with more determination than you, it is the understanding that you must compete with yourself of yesterday every day. As “you are the only constant in your universe.”

Business dealings can be repetitive and systematic, but like the complacency of some martial arts instructors, leaders and entrepreneurs should avoid resting on their laurels or assuming that they are handling the situation well enough. “Complacency and familiarity breed weakness and contempt.”

One must always be open-minded, searching for better ways to carry out their visions. It is also vital to nurture the talent of others and allow them to contribute their knowledge and insight and set them up for success. You never know when someone else might have a brilliant idea or a hidden hand that could change one’s perspective and turn the tables in the most crucial of moments.

As I move forward with our team at Shopinand advisory roles, I continually find that the lessons I learn from my training enhance my business endeavors. An entrepreneur should always be searching for ways that other perspectives can positively influence their work, and the passion of the study of the martial arts has opened me up to a multitude of lessons that serve as one of the strongest foundations of effective business strategy and leadership.

It is my most sincere wish that you the reader will benefit from these traditions as I and many others throughout the generations have as well.

This article was originally published on EranEyal.com

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From Jeff Bezos to Elon Musk: What True Innovators Know About Risk

Jeff Bezos is widely known as the CEO of Amazon, currently the richest man in the world, and it’s clear that his success didn’t just come from nowhere. He left the security of a high-level position at a Wall Street investment firm to start Amazon, which at the time was of its inception, just an online bookstore. Bezos understood the risks of starting over and attempting to build a company from the ground up. He even warned his earliest investors, his parents, that there was a 70 percent chance Amazon would fail.

It took 60 meetings to raise Amazon’s first funding round, eventually resulting in 25 investors participating with cheque sizes of about $50,000 each. In a famous 60 Minute interview, Bezos confides: “The riskiest moment for Amazon, Charlie, was at the very, very beginning. I needed to raise $1 million at a certain point, and I ended up giving away 20 percent of the company for a million dollars… And it was nip and tuck whether I was going to be able to raise that money. So, the whole thing could have ended before the whole thing started. That was 1995, and the first question every investor asked me was: ‘What’s the Internet?’”

Throughout his career and personal life, Bezos has based his risks on what he calls a “regret minimization framework.” Instead of assessing how much risk a decision has, he instead questions if he’ll regret a decision in the future. Before starting Amazon, he asked himself if he would regret not being a part of the internet boom that was happening at the time, and he found that the answer was yes. That simple but elegant mindset drew Bezos towards the continued risk-taking that has defined Amazon’s success.

Bezos has driven a significant amount of innovation throughout Amazon’s existence. Just consider how far the business has come from simply selling books online, now selling a wider variety of products than any physical store. The company is always striving to further diversify their offerings, which include Amazon Web Services and Amazon Prime among their most successful endeavors. Bezos founded one of the largest companies in the world on a monumental risk, and he continues to innovate and take risks to this day.

Elon Musk also dismissed safety and comfort in his career to push forward and innovate. After Paypal was bought out by eBay in 2002, he took his money to create SpaceX in hopes of commercializing spaceflight and eventually attempting colonization of other planets. His other companies grew to include Tesla, The Boring Company, SolarCity, and more.

Musk’s biggest struggle came in 2008, as SpaceX faced repeated failuresin its tests and Tesla was losing money fast. Musk was broke, and his companies were close to bankruptcy. But finally, SpaceX managed its first successful launch and subsequently earned a $1.6 billion contract from NASA. Meanwhile, Tesla investors decided to increase their investments, saving the company. Instead of seeing the end of the line and giving up, Musk chose to fight for his vision until the last second, and was rewarded for his perseverance and determination.

The stories of Bezos and Musk indicate that risk-taking can pay off excellently — but only for worthwhile risks. Despite the high chances of failure, they didn’t enter their endeavors recklessly, but instead with intense vision for the future and a plan to carry it out.

This sort of major risk-taking is something that’s often avoided in businesses today. According to Scott Galloway, clinical professor of marketing at NYU’s Stern School of Business, most CEOs now won’t take a risk that has anything less than a 50 percent chance of success. Bezos has opposed this view, and was quoted early in his career as saying, “Given a 10 percent chance of a hundred times payout, you should take that bet every time.”

An entrepreneur can take a single risk and have it pay off, but if they spend the rest of their career playing it safe, they’ll never capitalize on or multiply the success found previously. Both Bezos and Musk are constantly trying new things — Bezos and Amazon are always developing new ways to involve themselves in various industries, while Musk’s lineup of companies show that he is not afraid to continually take risks and pursue new ideas.

Type 1 vs Type 2 Decision Making

According to Bezos, there are two types of decisionsthat any business will make: Type 1 and Type 2. Type 1 decisions are irreversible, and should therefore be made with caution. Type 2 decisions are ones that are easily reversible. If a Type 2 decision is not working out, a business can simply revert back to its former state. Amazon makes a lot of Type 2 decisions, constantly trying out new services or products and quickly cutting them if they aren’t working out. The best example of this was the Amazon Fire Phone, which failed to have any immediate impact and was swiftly taken off the market.

But this sort of Type 2 decision-making has also led to the development of Amazon Web Servicesand Amazon Prime, two of the company’s biggest services. In addition, the payoff from previous successful risks allows the business to take more risks in the future with less consequence. If one of Amazon’s projects fails, the company’s losses are minimal. But a smaller company making a comparable investment would likely fail altogether if their project doesn’t work out. This is why in retrospect, Amazon’s Fire Phone seems like only a minor failure. Continually taking risks creates success, which eventually builds to the point of mitigating the effects of potential failures going ahead.

While innovators and businesses should lean heavily toward Type 2 decisions, there are many factors to consider before deciding to follow through on an idea. All risk must be measured, and one must question what the impact of an idea will be. In this sense, business is alchemy — every idea and decision must lead you to ask: how far off are you from transmuting lead to gold? Answering this question thoroughly with data and careful planning is what bolsters innovators and their ideas.

Bezos and Musk may be exemplary individuals, but innovation is impossible without a team to build on an innovators’ ideas and keep them in check. Risk-taking is a team effort, and it requires surrounding oneself with people who provide value and insight into the pursuit of innovation. My team at Shopinis constantly questioning ideas, considering the ramifications and always thinking about how an idea can thrive. Having a reliable team is another way to strengthen the power of innovation and to mitigate the risks involved. Innovators don’t have to carry their burdens alone.

Of course, Musk’s recent run-ins with the SECshow a different, darker side of risk-taking that innovators often face. After tweeting a drug-related joke while espousing plans to take Tesla private, the SEC sued Musk for securities fraud, claiming that the tweet was false and misleading, which caused unnecessary volatility in Tesla’s stock. He has been criticized for his behavior, but Musk has defended himself by asserting his freedom of speech. While Musk and Tesla reached a settlement with the SEC, Musk maintains his disdainfor the situation, even going so far as to say that he does not respect the SEC.

Putting aside the controversy, Musk’s insistence on maintaining his position and not backing down offers a meaningful lesson in risk-taking. When opposition bears down on all sides, innovators face a choice: back down and allow one’s vision to dissipate, or charge forward and learn from the experience. Musk, for better or for worse, believes so strongly in his vision and his business methodology that he willingly stood against one of the most prominent government agencies. Bezos too, faced oppositionfrom his peers and from the public when he started Amazon, but both leaders understand deeply that sometimes, to be innovative is to be uncompromising.

One of the most intimate and inspirational videos I’ve seen is a clipfrom a 60 Minutes interview with Elon Musk after he is told that his heroes, like Apollo astronauts Neil Armstrong and Eugene Cernan, don’t believe in SpaceX’s mission. Musk becomes emotional, admitting his disappointment, and verges on the edge of tears. Nonetheless, he quickly recovers, and reveals that in spite of the doubts cast by his heroes, he has never considered giving up his vision. If business is alchemy, then innovators are the alchemists, the ones trying to transmute existing elements and create something better. When someone tells them it cannot be done, they are not dissuaded from their goal.

Today, Bezos and Musk are lauded as two of the most successful and influential people in the modern world, and they are inspirational examples of what it means to take risks and be a true innovator. Despite the criticism they receive at times, it’s hard to argue with their results. Perhaps one of the reasons they so often court controversy is because they challenge the status quo, constantly looking for ways we can make our lives better. Whether you agree with them or not, this is how true innovators operate and succeed: on their own terms.

Before I embarked on the journey of Shopin, I had the decision to pursue another blockchain-related opportunity that would have made me wildly financially wealthy. I looked at what Shopin’s predecessor was trying to achieve and realized how rare an opportunity we had in front of us to shift the status quo for so many people, and have since pursued the evolution of that vision relentlessly. During times of struggle, many told me to walk away from the opportunity, but I could not let go of the mission and vision.

I remember when one of my closest friends and advisors told me: “I have no idea how you do it: When everyone else is running out of a burning building, you’re the only one running in.” I spent thousands of hours and went down to my last dollars to save the company and cover the employees’ salaries.

There were days where I had to negotiate with investors, employees, vendors and retailers all on the same day… and the only thing I had to sell was a vision and a belief that we could execute to bring it to life. The stress was overwhelming. Most nights I worked till 3AM or was on calls with mentors in Europe till the morning light creeped through the window panes, reminding me a new day had dawned.

Now, Shopin has remarkable opportunities in its future, leading the charge in improving the retail experience while making a positive impact on data rights and security. The feeling of overcoming risk to innovate and succeed is incomparable. Make no mistake: Every day is a psychological, emotional, mental and creative challenge… each one faced with a boat-load of gratitude and grit.

To court innovation is often to glimpse into the void of insanity. If you don’t get used to teetering at the edge, you will never know what’s on the other side.

This article was originally published on ScoreNYC.com

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shopinapp-blog · 6 years ago

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Creating a New Federation of Retailers to Protect and Empower Consumers

The universal shopping profile presents one of the most challenging ideas in the retail industry to date. If accomplished, the ability to consolidate shopping data and increase personalization can create an entirely new way for consumers to shop. Taking that concept one step further and creating a decentralizedprofile that gives customers control of their own data would further benefit the shopping experience and represent meaningful progress on data rights.

But making this idea a reality is a difficult task; it is a shared effort that requires cooperation from both consumers and retailers. It would also require a facilitator to ensure that the process is handled smoothly and fairly — something my team and I have been working towards at Shopin. By uniting brands to create a new federation of retailersunder a single decentralized profile, it is possible to enable this revolutionary step forward in the shopping experience. Such a federation would entail collecting purchase data from a wide variety of retailers in order to fully realize a higher level of personalization for customers and increase growth for the retailers.

Retailers are understandably hesitant to hand over their consumer purchase data. They are concerned that doing so will cause them to lose their edge in retaining customer interest over their competitors. But it is difficult for retailers to utilize the data effectively on their own, and they have infamously had trouble keeping that data secure.

Shopin’s platform can assist retailers by ensuring that data does not get abused or stolen. It also allows businesses to continue using their purchase data, but with the ability to utilize the data in more effective ways. Shopin combines next-gen AI, purchase data, and user preferences to generate accurate recommendations for customers, which in turn will increase sales conversions for retailers at a substantial rate. As an added bonus, customer data is stored on the blockchain, meaning that retailers will be safe from data hacks that compromise their customer relationships.

For consumers, the most obvious benefit to a universal shopping profile is the accessibility. The ability to shop with your favorite brands and stores under a single login would be a convenient change for consumers. In an age where technology is constantly evolving to make people’s lives easier, this level of universality is a highly appealing prospect.

The data collected from retailers is encrypted on the blockchain, leaving the consumers solely in control of their own data. With their purchase data fully secured, consumers can rest easy while enjoying a vastly improved shopping experience. Since the data is based on the blockchain, consumers will also have access to the Shopin token, a cryptocurrency that can be used to shop at participating retailers.

Instead of spending on marketing to reach consumers indirectly, offering Shopin tokens allow retailers to engage with shoppers and reward them for their attention and loyalty. The token also acts as an incentive to customers — they can spend the tokens they receive at their favorite stores, meaning that a retailer’s marketing dollars go directly back to them.

Retailers are always in competition with each other, but the vision for a federation of retailers is one that benefits all parties involved. The reality is that only 7 percent of retailerscan recognize their shoppers across multiple channels and devices, and less than 3 out of 100 people will make a purchase after visiting a site. By integrating shopper purchase data into a universal profile platform for their customers, retailers can improve these rates for themselves.

In a sense, this concept takes the opposite approach to the competition-driven market, with retailers instead helping themselves and other retailers grow at the same time, enabling greater successes while providing an unprecedented shopping experience for customers.

It is in the best interest of retailers to form such a federation, and not simply because it will lead to more profits. For businesses that are looking to provide satisfaction and greater trust for their consumers, it is their responsibility to make strides toward stronger data rights.

These days, people are increasingly worried about their lack of control over data, fearinga dystopian future. Through creating a federation of retailers that places data securely on the blockchain, all fears of being controlled by one’s own data will become nonexistent whilst unprecedented value is realized for both sides of the table.

This article was originally published on EranEyal.com

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shopinapp-blog · 6 years ago

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SHOPIN TOKEN SWAP UPDATE — BLOCKWELL PARTNER TO BRING RETAILERS NEW FUNCTIONALITY ON THE BLOCKCHAIN

Happy Sunday!

It’s an exciting time as we gear up to re-distribute Shopintokens to participants of our TGE.

If you’ve been following the story closely (https://medium.com/@ShopinApp/blockwell-and-shopin-partner-to-reissue-tokenswap-d1cd8d71cb8c) you will know we have been working hard to ensure there is a smooth process ahead.

What’s become more prevalent is the opportunity toinclude new functionality on the blockchain, that we are planning for the retailers and brands in 2019 and 2020. These include:

The universal shopper profile (2019)

The Shopin Brand Intelligence Engine(2019)

Ad exchange (2019/2020)

Branded Tokens for the retailers and brands (2020)

A peer-to-peer token exchange for shoppers to swap branded tokens (2020)

This kind of foresight is enabling us to think ahead, as the contract is non-upgradable.

In tandem with this, we have had some delays getting in touch with the major syndicate leads and aligning all the distribution data. These are incredibly complex distributions, which we are taking special care to ensure excellence in distribution.

These opportunities are rare and often come at unusual and unexpected times. We’re taking full advantage to integrate these features into the contract, as well as make sure a high standard of compliance.

We’re wishing everyone a superb New Year, wherever you are and whomever you are with. Here’s to a powerful 2019 for us all.

Eran Eyal— Founder and Co-CEO of Shopin

Josh from Blockwell:

It’s Josh from Blockwell. Those of you that follow the Telegram channel know that we’re pretty much ready to hit the swap button on the updated Shopin token. I know there’s been some concerns about how long this has taken, which is fair given the idle time you all experienced prior to our engagement.

The typical token distribution is as simple as having a list of wallets, a list of token amounts, and queuing things up en masse. Sending the actual tokens is the easy part as we demonstrate here:

https://rinkeby.etherscan.io/token/0x4e0a5b4271049f98ca7b6932eca7113b44720129

The real difficulty with your situation was:

the nuance around syndicates,

individuals,

KYC, and

the lovely challenge of syndicate members who were secretly acting as their own syndicate and whose members filed as individuals. This would cause a situation where we almost hit the button a couple weeks ago on what would have let those guys collect twice the tokens they were owed.

We’ve since solved all of those issues, and as we were preparing to queue things up Friday morning, I had the time to think through the token from your side of the equation. See I’m quite pleased with where it is from my side, with regards to the compliance tools, the ability to sort out things like the double pay problem, and the ability to hand this off to Shopin and their counsel and know that between the admin controls and the attorney controls they have everything they need to keep this thing alive regardless of where the regulatory climate heads.

As I got to thinking about it from your perspective though, I got a tad less happy with where the quality of the crypto product is. This is why you don’t have tokens sitting in your wallet at this very moment. I reached out to Eran and company for some ideas on additional holding variables and “hooks” we could put into place for Georgi(Shopin CTO) and the tech team’s ML and web interfaces to interact with the token in the coming months and years.

Once these tokens go live they will not have an upgrade function. They can be shut down, re-swapped, or sent to a wallet that gets frozen for a crosschain atomic swap but ERC20 is permanent. At most it can be locked up and swapped again in a few years. This led to an idea which I’ve explored with some of you in the Telegram and am now presenting here.

But first, a stark reality for those of you who haven’t grasped it: It will be a while till your tokens are liquid. This is not 2017. The world knows that this is more complicated than it was both for projects and for people like yourselves. Those projects that don’t address the missteps of their rush head first into an emerging technology will have them addressed by authorities eventually.

There are The kind of boxes the Shopin team is dedicated to checking, on the compliance and product integration side, to remove the lock timer and/or turnoff pause. This is being done by their counsel, we give no legal advice and offer no legal recommendations.

Blockwell believes that great solutions to the world’s challenges can accomplished with token technolgy. Viewing the current Blockchain industry and marketplace we see a misunderstanding of the potential and capabilities of tokens. The current industry has a myopic view when categrizing between only security or utility tokens and there’s a lot more potential then what’s currently been attempted.

Regardless, any token within our ecosystem that has raised money or is planning to raise we mandate an attorney and we put the issuance controls in the hands of the people who are trained make those calls. Our expertise is in the deep tech and the fundamentals of product design. We have tools to make compliance easier because we try to think about all sides of product design and usage which brings us to the choice I’m presenting to you today:

We can hit the button and send you these tokens as they already are, locked but securely in your hands.

We can continue to release Rinkeby iterations with “small” tweaks that we (meaning Blockwell, Shopin, and most important of all you guys) come up with and want to test.

We’ll finalize feedback on this coming Friday and deliver on Tuesday 8 Jan instead.

I’m open to either scenario, Shopin was a fixed bid and designed for us to solve one last really big problem before we move into our own compliant fundraising and scaling mode. I’m happy with where the product is on my side of the table, and I’m confident that with what we’ve learned from this we can take on any challenge the world of tokens has to offer.

That said, I’m committing another week towards experimenting on the ways to make it better on yours. From a business perspective we are far more on your side than we are on Shopin’s and they’ve known that since the beginning. We don’t pull punches but we also don’t believe in wasting time with blame, regret, or distractions. We prefer using our collective minds to turn dark clouds into silver lining.

The better economical move for us is to just send out #1 and be done with this so we’ll certainly respect that decision. We will be dropping a version of #2 on Rinkeby (which you can view at Rinkeby.etherscan.io) to all wallets which are on the list for Shopin tokens shortly. It has the ability for you to set a minimum price for Advertisers and Brands to be able to engage with you and for those entities (who have their own role associated with the token) to pay that price even through lockup.

Here’s a rudimentary example of that concept in action: https://rinkeby.etherscan.io/tx/0xcb7542e5ef07a4ffe231d74f8da436b385ed49b58a3a6758bba4d10d1285d584— Notice it’s a transfer but it’s also a function call from the input. If we go with option 2 we’ll do a few of these tests based on your feedback. This is a tokenomic model refinement and it’s something we are building into the core of the Blockwell product.

The BrandBidding concept isn’t speaking for the future of Shopin or their business model. It’s an experiment to get your minds going as the only way this is valuable to us is if we have a user directed ideation cycle. We’re more than clear on how top down token designs look but we’re open to an experiment in what giving the community of token holders a platform to experiment creates.

Regardless of the path we will need to wrap by Tuesday 8th January 2019 at absolute latest so please bear in mind. On the Rinkeby delivery, we’re working out a final piece of functionality to allow us to properly destroy the Rinkeby tokens after testing is complete so there can be no consideration of them as securities or taxable transfers.

To keep us efficient on processing which option to go with, please give your direct feedback to us here: https://goo.gl/forms/veAuTBYS1aQJ1Dhr2

Our mission at Blockwell is to raise the bar of quality while lowering the barrier to entry for businesses and early adopter as the industry as a whole moves into the “Early Majority” of the Technology Adoption Curve. We’re happy to have stepped in to help solve this problem and hope you’ll be as satisfied with the end result as we are with the insights we’ve gained working for you.

Here’s to a happy New Year.

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shopinapp-blog · 7 years ago

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2018 INSIGHTS FROM ERAN EYAL, SHOPIN FOUNDER AND CO-CEO PLUS SOME MVP UPDATES

Each year I reach out thoughtfully to my network extending my warmest greetings and well wishes to you, and all your loved ones during the festive season.

It’s been a year of great introspection, learning opportunities and lessons in gratitude.

As you may know, Shopin is growing with new talented folks. We work relentlessly to bring a renaissance to the world of retail.

It’s a humbling experience to be out there fighting for what I believe in, and seeing incredible folks rise to the challenge alongside me every day. Here is some of what I’ve had the gift to reinforce within myself:

Empathy, compassion, perseverance are classic virtues, that know no seasonality;

Strength without perception is spiritually and functionally useless;

In challenging times, one’s ability to perceive is tested more than ever. Your true friends and supporters emerge to hold the flame of truth up high and illuminate your path;

One should seek the truth oneself. It is a time honored tradition to take up this quest;

The people you’ve invested care, time and capital in, are gifted with the opportunity to show their strength of character;

The ones dedicated to the mission will crawl over barbed wire to capture the flag (or be smart enough to bring a thick blanket to smother the barbs);

I urge you to take time to slow down for a heartbeat, and therein-between the beats find the stillness and warmth to spend time with your loved ones, or listen with care. These are sacred moments available to you, if you choose to do so.

Breathe in your challenges. Exhale care, truth, patience and generosity. (also brush your teeth😁).

Even though the world tends to slow down at this time of year, we’re still pushing forth, dedicated to the vision of a retailer federation unified through our universal shopper profile.

Check out our new site to take a peek at the vision Shopin aims to usher in. Also, we have a new page demoing our visual artificial intelligence and onboarding experiences for retail. — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — Quick Shopin Update:

As we edge closer to Q1, our Brand Intelligence Engine (a new product we will be announcing soon), and A.I. Engine are yielding some great results from our CTO prof. Georgi Gospodinov’s (Ph.D.) work.

🚀 > 1 billion purchase data transactions, 🔀 > 100’s of millions of relationships between SKUs, 👚 > 200 thousand new SKUs ingested every day to train our AI and build recommender system, 👠 > 20 thousand brands, 🔮 global industry insights, retailer profile and brand dominance, industry influencer brands, trend setter brands and categories All based on purchase data.

Meanwhile, Georgi and Eran Eyal, are working hard on authoring patents surrounding this work.

I’m looking forward to an exciting 2019 with you, as the Shopin team and I work to bring power back to the world of retail, and data sovereignty to shoppers.

With care, Eran Eyal — Founder and Co-CEO

Take a peek at the demos and get in touch with us to partner with us: https://www.shopin.com/home/visual-artificial-intelligence/

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shopinapp-blog · 7 years ago

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<<<<Token Swap Announcement>>>>

Great news, we are in the final stages of our token swap and here is what you need to do:

For individuals:

If you are an individual holding $SHOP and/or $SHOPIN tokens: please goto the following link and fill out the form: https://tinyurl.com/shopin-individual

For those who are from syndicates:

If you are from a syndicate and you are holding $SHOP and/or $SHOPIN token, please go to the following link and fill out all relevant information and please be as detailed as possible: https://tinyurl.com/shopin-groups

🙏🏻 We are hoping to begin with the token swaps by Tuesday 18 Dec 2018 evening Pacific Standard Time.

🤷🏽‍♂️ If you have any questions regarding the token swap please join the telegram group and ask away! One of the Blockwell team members will get back to you: https://t.me/joinchat/GJsHSBAwyD-WJW15xP9AuA. Please make sure the group is only used for Shopin Token Swap questions.

📝 If you are unsure on whether or not we have all your details ready for the token swap, we recommend you fill out the relevant form.

📆 Make sure you fill out the relevant forms by end of the month where the last token swap will take place.

🔍 If we (Blockwell) do not have all your info by the end of the last token swap. Your tokens will be delivered by Shopin directly.

🚀 It’s been a powerful few of months of progress here at Shopin. We’re back in discussion with a variety of retailers, partners, and investors for our equity round of financing. We welcomed new teammates like our CTO Prof. Georgi Gospodinov (ex Director of Insights and Analytics at Walmart, AI leader, Blockchain patent holder) and VP of Business Development, Investor Relations Henrik Rasmussen.

MVP in Q1 2018

Our team aims for an initial launch in Q1, with a new product that leverages our visual artificial intelligence and a patent we’re working on. This product will show the power of a facsimile federation sharing purchase data insights. Today our AI crunched through another 500,000 SKUs, constantly becoming smarter at identifying products and ensuring we have a robust taxonomy.

Here’s a fun view of the entire network in the swap:

[embed]https://www.youtube.com/watch?v=p2AajP753cE[/embed]

Watch out for our new site and AMA coming up within the week.

Thank you for your ongoing support and patience whilst we ensure delivery of your tokens and the project as a whole.

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shopinapp-blog · 7 years ago

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BLOCKWELL AND SHOPIN PARTNER TO REISSUE TOKENSWAP

Earlier this year, just after the initial distribution of $SHOP tokens, Shopin informed its community regarding a the hack of a major Japanese syndicate’s wallet containing over 81MM tokens, representing over 10% of the total distributed tokens in our TGE.

Eran Eyal, Founder and Co-CEO at Shopin intimates:

“Although traditionally in the world of crypto, people would walk away exclaiming: 'You’re your own bank, it’s your problem', we looked at the issue through a different set of lenses:

1. The moral turpitude of abandoning over 3,000 Japanese participants who would lose their funds to a criminal due to one person’s negligence

2. The burning of Shopin’s name in an important market

3. The forethought that the hacker would dump the tokens on decentralized exchanges, thereby disenfranchising the Shopin project as well as all its participants

4. We were not listed on any centralized exchanges”

Sure enough, I was right and the hacker tried to dump the tokens on Idex and ForkDelta/ Etherdelta.

Shopin was able to contact the exchanges and shut down all activity before irreparable harm occurred and to pursued a 1:1 tokenswap to $SHOPIN tokens, however not swapping the hacker’s tokens. Instead the Japanese participants would get their assets.

It was a bold move to thwart a criminal, aid the cause of justice and protect the long-term view of our project."

Failed audit

In the last couple of months Shopin’s management team severed ties with all employees and contractors who had worked on the $SHOP and $SHOPIN token contracts.

We reached out to Blockwell (You may recall that Josh, who did our Github audit for and who does a lot of blockchain auditing work for exchanges around the globe) to audit the contract code for $SHOPIN, to find that the contract had been altered after his last audit and that the altered contract did not pass his audit.

Reissue with new functionality

Blockwell has joined forces with Shopin in to help reissue the Shopin contract with new functionality and a trusted codebase. We set out to build an amazing AI product that serves the retail market and had gaps in the Blockchain side we tried to fill with partners. Some of those partners did not work out quite as well as we hoped, as you have noticed.

Blockwell and its management have significant experience in the space and a working product. We knew from how we were introduced and interacting with the team that by working with them we’d get the job done right this time. The past is the past, but we’re excited about the future here at Shopin.

— Eran Eyal, Founder & Co-CEO Shopin

Read on for details from Josh, founder of Blockwell:

What’s the current status?

Our team have completed the code and the token is ready to launch. We have been working closely with all the major TGE participant groups finalizing “Bundlers” before pushing to Mainnet. A successful test has already been completed with a complicated and large syndicate, which you can see here:

https://rinkeby.etherscan.io/tx/0xb885cace24a12af5baf4d05f346ae6d96f63fe79fd380616c3ef364681467505

How do the bundlers for syndicates work?

Blockwell’s team have put together a great instructional video for us.

[embed]https://www.youtube.com/watch?v=Rla9S9Ff4A8[/embed]

What do I need to do?

If you are part of a group, push your point of contact to get in touch or respond to emails

If you’re leading a group, signup to this form: https://tinyurl.com/shopin-groups

If you’re anindividual, direct participant, or you managed to acquire on IDEX/etc fill out the same form and just note how you acquired the token in the last section

If you are no longer involved with your groupor point of contact or need assistanceplease email [email protected] with your details

For Bundlers:

If you are doing a distribution, please use this spreadsheet to format and test your distribution on Rinkeby. https://docs.google.com/spreadsheets/d/1hpUjeyXQfQouxrL-ZHsUBniEw_o-QbAVXDYIKvOxdOc/edit#gid=0

Simply “Make a Copy”,

Replace the highlighted addresses in Column A with your member addresses and Column B with the amount of tokens your members are owed. If you only have a wallet on Etherscan where the SHOP tokens live from all your members provide that to Blockwell and they will generate a csv and add it to a copy of this form for you.

From there simply follow the steps listed in Column E. Column F contains pre-formatted addresses and tokens converted into wei for you to paste into the smart contract interface.

On both MEW and MyCrypto this is a two step process.

Step1: First you add the contract address and ABI and click “Access”,

Step2: Select the appropriate function. As you can see, there are a lot of Bells and Whistles to the soon to be launched Shopin Token so make sure you select the correct method (multiTransferFrom).

When going to MyEtherWallet or MyCrypto also make sure to select Rinkebyas shown in the screenshots included with the spreadsheet. Note:Users that have not been manually added by Blockwell as a bundler will need to submit a wallet via the form below or wait for notification that they are set up to test their distribution.

We were hoping to also have an automated demo process via sheets by time of posting where non-bundling users could see the new Shopin token in action on the Rinkeby testnet. This isn’t essential to the delivery of the swap but the idea is it’d be a nice touch to show you what your patience is delivering and let competent members have the tools to educate leaders.

What is Rinkeby exactly?

Rinkeby is a “testnet” or a demonstration Blockchain. It’s powered by “Proof of Authority” rather than Proof of Work which means transactions are signed by the host of the Blockchain (in this case the Ethereum org) so no Ether is mined directly. Ethereum uses Rinkeby as a playground or experimental testnet. Tokens on Rinkeby are not tradable but you can see how the token operates, experiment with ideas without cost, and have your transactions confirm far more rapidly.

Do I need to send tokens back again?

No, they will remain locked. Both deprecated token contract addresses will be filed with exchanges as dead tokens. You can just delete that contract address from your mew/wallets watch token listing.

Once we are confident that this process is going to result in group members getting their tokens successfully we will launch the mainnet Shopin Token and put the new contract address in our next Medium post. See the schedule section for more details.

Why the lockups?

As a passionate observer of the space I noticed lockup changes for US entities starting to become the trend this summer, pretty much across the board. Most Organizations we’ve dealt with since July that have a US domicile have been insistent on lockup (either onchain or custodial managed) due to the lockup requirements of several of the key asset trading laws which we wholeheartedly agree with.

Without speaking for Shopin directly, most competent US attorneys advise lockup currently irregardless of the utility of your token as the SEC clarifies its position. This is an evolving sector and there’s a big gap in regulator expectations given the difficulty of getting a no action letter or formal response. I’m sure after we get through this delivery and the team has additional insights there will be more details shared.

Blockwell as a platform has a strict policy that any token involved in our system has an attorney registered onchain with a cold wallet secured by their firm that can unlock the token and use additional compliance related controls. Rather than trying to be everything to everyone and billing ourselves as an issuance platform, we mix proven real world solutions with smart contracts and let the lawyers do the lawyering.

Blockwell is Android Studio or JetBrains with a community and thought leadership. We’re a software tool, we do not facilitate fundraising in any matter, advise on compliance, or tell our users how to use the consensus managed database entries that we all call tokens. That’s on the business and their counsel. Blockwell’s role is to make sure Shopin and others have the tools needed to make good faith efforts in their jurisdiction under whatever working rules have been developed.

What next for Shopin?

We’re Blockwell, a tokenization product designed for real businesses to engage with the new economy of tokens and give those tokens actual utility.

We can’t speak for Shopin other than to say that our review of their ML tech was legitimate, and there are interesting advancements there in fashion related computer vision and e-commerce. Much of that is synergistic with token curation, network fulfillment, staking for accuracy, etc.

Georgi is a competent CTO with significant domain expertise who has been working hard to build a top tier product. I know this space well enough to know the difficulty involved in what Shopin has already built.

What’s the schedule?

Our goal is to handle this quickly and efficiently so many of you can see your tokens the day the post drops. To some extent we are beholden to outside parties i.e. group leaders. Thank you to those who have been very co-operative and responsive.

We have the submitted KYC info as well as data on every transaction submitted with the $SHOP/ $SHOPIN tokens thanks to our token forensic software.

Blockwell also have a demonstrably functional token that can distribute en masse.

The only hold ups are:

Knowing which of those wallets belong to which group so we can give group leaders tools to distribute to you the moment the tokens are live.

Meetings with 3–5 more groups to walk them through the process and ensure this is final, all angles are accounted for, and everybody is made whole.

We have a high quality bar at Blockwell and we’re approaching this with the diligence and care it deserves. I intend for this to be a breath of fresh air for you, the readers, and a fresh start on solid ground for the Shopin Token as a whole.

Thank you for your support and patience as we assist our friends and partners at Shopin who are working tirelessly to drive the future of retail and the success of the Shopin project.

Regards,

Josh - Founder, Blockwell

Original Post

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shopinapp-blog · 7 years ago

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AMA with Shopin CTO Georgi Gospodinov, Ex Walmart Director and Artificial Intelligence leader

Recently we announced the appointmentof Shopin’snew CTO Georgi Gospodinov, who left his carrer at Walmart a few weeks ago where he was Director of Insights and Analytics as well as a leader in Artificial Intelligence and Blockchain responsible for several core patents.

Our Founder and Co-CEO Eran Eyalhad an opportunity to catch up with Georgi and discuss his experiences at Walmart, motivations for moving to a promising career at Shopin and hints at what we’ve got up our sleeves for the world of retail.

Enjoy the watch, and stay tuned for more news on how Shopin is leveraging Blockchain, A.I. and decentralized technologies to revolutionize the world of retail.

Video: https://vimeo.com/300749010

AMA with Shopin CTO Georgi Gospodinov, Ex Walmart Director and Artificial Intelligence leaderfrom Shopinon Vimeo.

Please find a copy of the news release below:

NEW YORK, Nov. 8, 2018 /PRNewswire/ — Shopin, the first universal shopper profile that delivers the most personal shopping experience on retailer websites, apps, and stores using blockchain and Artificial Intelligence, today welcomes its new CTO, Georgi Gospodinov. Georgi has served as a core team leader at Walmart helping to drive efforts in Artificial Intelligence, data science, analytics, insights, security and blockchain advances within the global retail powerhouse.

Walmart’s recent AI-inspired initiatives were met with much fanfare, including its strategic acquisitions of Bonobosand Jet, and its partnership with Microsoft to rival Amazon. Georgi had the unique opportunity to lead the technology teams that powered Walmart’s A.I. integrations, and he brings that valuable perspective to his new role at Shopin.

Georgi holds a degree in physics and a Ph.D. in mathematics, and served as a professor in mathematics in New York and Boston, before joining Tata in a Data Science leadership role, where he was then attracted by Walmart. Georgi has a range of patents in Artificial Intelligence and Blockchain.

“Shopin has a deep focus in two areas: Artificial Intelligence and Blockchain, to provide the next era of infrastructure and personalization for retailer and consumers. We’re tremendously excited to welcome him to the leadership team at Shopin where he has hit the ground with his feet running,” said Eran Eyal, founder and Co-CEO of Shopin. “As a decentralized shopper profile platform built on the blockchain, Shopin provides the most valuable contextual understanding of user and purchase data for the retailer to offer the most personal experience to Shoppers online and instore, and it’s vital to us that users own and manage their own data assets. This can only be achieved through the unique application of our Artificial Intelligence-driven product recommendation engine and blockchain technology, which enables attestability to the first-party data that is being leveraged in our product recommendation and advertising model.”

Co-CEO Jennifer Haggerty expands on this sentiment: “It’s the deepest compliment to us when someone of Georgi’s calibre, on a fast-track at one of the world’s global retail powerhouses, moves onward to the next phase of his promising career, to help us craft the tools and infrastructure to power the future of retail.”

“It’s a great honor to come on board and pick up the reigns as CTO for Shopin. I’ve worked at the cutting edge of retail technology and customer analytics for the past few years witnessing the staggering assault of the likes of Amazon on the retail industry and the lack of fundamental tools ranging from A.I. to next-generation security for retailers to stand tall in a new paradigm,” said Georgi. “I’m incredibly passionate to bring all my learnings from Walmart to Shopin and lead its technical efforts. When Jen and Eran approached me through a friend, I leapt at the opportunity. So much has been accomplished in such a short period, and I believe that a federation of retailers powered by our tools that will deliver the user the most personal experiences on every site and physical store, while totally protecting their data, is the next great leap for retail, and eventually for all other industries.”

About Shopin Shopin is a universal shopper profile platform that delivers the most personal shopping experience on retailers’ websites, apps, and stores based on shopper preferences and purchase history data. Shoppers are in full control of their data for the first time with a cryptocurrency to reward them when their attention is engaged with ads, content, and loyalty. Shopin empowers retailers to offer better product recommendations, easier and more secure transactions, and more valuable customer rewards using blockchain and Artificial Intelligence technology. Voted “Best ICO” at the North American Bitcoin Conference 2018, “Best ICO and Startup” by CoinAgenda Global, and the #5 “Top ICO” at Davos d10e, Shopin’s vision is to create a more sustainable retail economy where retailers become stronger by working together with their consumers. Headquartered in Brooklyn, New York, Shopin is backed by Nima Capital, Passport, Outbound Ventures, and angel investors from Google, ZocDoc, Wiser, and others. Shopin is revolutionizing the world of retail. Learn more about Shopin and our Token Generation Event at www.shopin.com.

Original Post: https://medium.com/@ShopinApp/ama-with-shopin-cto-georgi-gospodinov-ex-walmart-director-and-artificial-intelligence-leader-1337d8f4aff8

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shopinapp-blog · 7 years ago

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SHOPIN VISUAL AI PRODUCT UPDATE 10/23/2018

Happy Tuesday, one and all.

The Shopin team has been hard at work relentlessly pushing forward different aspects of our solution for the world of retail on the blockchain.

Our current core focus has been advancements in our Visual AI engine. This involves intensive mapping and tagging of new categories in fashion retail, and training our artificial intelligence models.

These models power our ShopperIQ onboarding games for retailers as well as recognition of a retailer’s inventory, the shopper’s uploaded images and purchase history.

Below is a string of updates from our team:

Things to know:

Similar recommendations — recommendations within the same category:

Eg: Recommending more similar bags to the bags you like.

Cross-category recommendations — recommendations across categories:

We recommend items from other categories to the one you choose. Eg: You like a scarf and we recommend a shirt, jacket or other “non-scarf” items that you may like.

Complete the look-suggest items that look good with your choices

This is one of our most exciting products. We recommend other items that would look great to complete the look you’re purchasing. Eg: That scarf would look great with those shoes, briefcase, gloves, and suit. It’s a programmatic solution that delivers the experience of having a personal stylist with you wherever you go.

Product Update Commits Update 10/23/2018:

Complete the look (CTL)

Development for experiments on multi-layer BiLSTM

Research on hyper-parameters tuning for BiLSTM

Evaluation of co-occurrence model on test data

Submitting multiple training jobs to test hyper-parameters

Product Normalization — Text:

Finalizing dataset for NER — for all categories

Deploying of NER for Intimate wear in AI pipeline

Product Normalization — Image:

Training of Jumpsuits length model

Bench-marking of the multi-task model with separate Image models

Similar Recommendations:

Training for Skirts & Shorts model in progress

Integration of multi-layer in Bags model

Object Detection:

Deployment of “human” classifier

Testing of RestAPI

Deployment of Internal OD

Product Update Commits Update 10/10/2018:

Object Detection:

Training for Internal OD — Iteration 2 has been completed. Currently performing error analysis

Finished error analysis for men's onboarding — Iteration 2

Working on lambda to sagemaker conversion

Complete the look (CTL)

Completed inference code for multidimensional co-occurrence model. While running the final model, the team observed that it’s taking a considerable amount of time to give outputs due to the very large size of the matrix. Currently, this task has been put on hold as the team will need to do research for a possible solution

Previously the model was showing output for “complete the look” in random orders, i.e.- first tops, then shoes and then jeans. The team has modified the code so that the output is shown in a fixed logical order, i.e. — first tops, then jeans & then shoes

Calculated Top K 96% precision for multi-query multi recommendation system

Modifying the AI pipeline lambda based on the results of the testing. This is expected to complete today

Product Normalization — Text:

Started working on the Classifier model for category & gender. Currently, we are utilizing output from Tree search logic. The data has been sent for tagging which will be used as input later on

Creating a combined PN model which will be deployed on lambda

Product Normalization — Image:

Multitask learning experiment on the pattern

Experimenting for Jumpsuits neck model. Currently, the Top 1 accuracy that we have been able to reach is 75%. The major portion of inaccuracy is due to one jumpsuit having multiple styles for the neckline, resulting in confusion during the tagging the “Neck” style. The base data has been sent for tagging which will be used to improve the model

Training the model: Shorts

Similar Recommendations:

Trying to implement multitask learning so that a single model can be used for multiple attributes

DevOps/Engineering:

Performing a comparison between AWS & GCP for CICD

Product Update Commits Update 10/8/2018:

Object Detection:

Training for shoes finished on complete model images. The team is currently performing the error analysis for the same

Training completed for suit model for men's Onboarding — Iteration 2

Started lambda to sagemaker conversion of OD model

Complete the look (CTL)

Working on Inference coding for multi-dimension co-occurrence model, expected to complete today

Development of autoencoder for training and inference is in its final stage and expected to complete todayitself

Completed first round of testing on AI pipeline. The team found an issue in which if we feed multiple files to the AI pipeline at the same time, there is no output for most of the files. For example — when we tried inputting 60 files to the pipeline, output was only available for 8 of them. The team is currently looking into it

Product Normalization — Text:

Finalizing the dataset which will be used as input for classifier model. Once finished, the team will send the data to taggers for tagging and train the model on that

Evaluation of NER Iteration-2 for intimate wear

Product Normalization — Image:

Performing error analysis for Neck model of jumpsuits. The team noticed there are multiple styles for the same collar, i.e.- A neck can come in the style of V- Neck as well as collared while model will give only one output (V-Neck or Collared) which results in the lower accuracy of the model

The data for shorts length model has been sent for tagging. Once finished, we will train the model for the same

For the Coat & Jacket neck model, we noticed that the model is confusing between the collar of coat and tops. It picks up the collar of tops and gives a result based on that. Also, there can be multiple neck style for the same coat. We are currently looking into possible ways of dealing with these challenges

Multitask learning experiment on patterns

Similar Recommendations:

Finalized the shoes dataset for tagging and sent it to taggers

Trying to implement multitask learning so that a single model can be used for multiple attributes

DevOps/Engineering

Planned a sprint to do a check between AWS & GCP for CICD and started working on the same

Product Update Commits Update 10/5/2018:

Object Detection (Onboarding):

Training for shoes images from complete model images done. Currently working on evaluation for the same

Retraining Suiting model for men’s On-boarding — Iteration 2

Complete the look team was facing issues in the OD model where they were seeing a drastic drop in the images count after the OD run. Helped the team in rectifying it

Complete the look (CTL)

DevOps for multi-dimension co-occurrence model completed.

Working on Inference coding for multi-dimension co-occurrence model

Resolved issues with the storage of High dimension matrix in multi-dimension co-occurrence model

Testing the lambda functions for both inputting training images into the AI pipeline & data shaping (JSON creation).

Explored alternatives to ANNOY files. FALCONN & NMSLib seems to be good alternatives and will require testing to measure the performance between the three

DevOps for Auto-encoder loss completed

Product Normalization — Text:

Changing tree search code for changes in logic & taxonomy

Trained logistic & neural-net classifier model. The neural-net classifier is giving a high accuracy of 92%

Completed Sprint planning for the next 2 weeks

Evaluation of NER Iteration-2 for intimate wear

working on custom code for Protege so that the annotation task can be distributed to multiple taggers without any duplicates

Product Normalization — Image

Testing models for all the jumpsuit attributes

Working on Jumpsuit neck model to improve accuracy

Performing error analysis on OD output for Sweater, Coats & Jackets

Similar Recommendations:

Finalized classes to be trained for every style

DevOps/Engineering:

Built a POC for DynamoDB

Working on benchmarking of FAISS with Annoy

Product Update Commits Update 10/4/2018:

Object Detection (Onboarding):

Sent additional Shoes data for tagging. Will be used to improve model’s performance for detecting shoes from complete model images

Men’s model for onboarding- Iteration 1 is complete.

Retraining Suiting model for men's Onboarding — Iteration 2

Improving pre-processing scripts and also, documenting the code for the same

Complete the look (CTL)

Completed the 2nd Sprint, training the model on ASOS data (matching Tops to Bottoms). Tested the model against Tommy Hilfiger etc

DevOps for multi-dimension co-occurrence model is expected to be completed today. Will start working on coding tomorrow.

Created lambda function for inputting training images into the AI pipeline. It also takes care of creating batches of 100 input files.

Working on lambda for data shaping (JSON creation) for training the CTL model.

Kickstarted next Sprint for CTL.

Product Normalization — Text:

2nd iteration of Named Entity Recognition (NER) model trained to extract 8 important attributes like Support, Fabric, Neckline, Pattern,

NER model evaluation on the precision of score of 91% across all vital categories

Performed error analysis of Style & Sub-Style extraction code output from tree search logic

Pre-processing of the complete dataset

Training count-vectorizer model. Will train logistic & neural net classifier model after this and perform error analysis

Product Normalization — Image:

Committed Color & Pattern demos to Github

Testing models for all the jumpsuit attributes

2nd iteration of single multi-task learning model is complete. One single model is able to detect Neckline, Color, Length, Sleeve and Category with an average 92% Top-1 and 95% Top-2 accuracy without any test-time augmentation.

In production, this allows a reduction in the number of models being maintained (from 4 to 1) for attribute prediction.

Validated sleeves output from OD for Jumpsuits (using the dress sleeve model). Accuracy — 97%

Tried Jumpsuit neck model on two architectures, densenet(77%) & squeezenet (69.5%). The low accuracy maybe contributed to duplicates in the input dataset. Will be sending the data for tagging

Performing error analysis on OD output for Sweater, Coats & Jackets

Similar Recommendations:

Prioritized the future pipeline based on the Inventory stats gotten at the Category-Style Level.

Discussion for model standardization by building one single classification model has been kick-started.

DevOps/Engineering

Deployed combined PN model for intimate wear on Fargate

Resolved pending issues in CICD of OD model

Completed the dockerization of tagging tool

Created lambda function for batching of retailer CSV

I hope you’ve enjoyed the update — We will continue to bring you more of these with regularity to give you a window into our technical development.

Thank you for staying tuned in.

Original Post: https://medium.com/shopin-the-universal-shopper-profile/shopin-visual-ai-product-update-10-23-2018-3e58fd751eeb

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