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Shopic to Deploy 2000 Smart Carts in Partnership with Israel’s Leading Supermarket Chain

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Tel Aviv, Israel–(Newsfile Corp. – February 21, 2023) – Today, smart grocery cart provider Shopic has announced a full-scale rollout of its solution in Shufersal stores across Israel. Shufersal, Israel’s leading supermarket chain, is moving quickly to deploy Shopic smart cart clip-on devices, committing to roll out at least 2000 units across 30 stores by the end of March 2023.

Photo credit: Shopic

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The planned increase in Shopic carts marks a milestone for the global smart cart industry, with no other provider having reported full commercial-scale deployments to date. “Shufersal’s rapid ramp-up helps place Shopic at the head of the field for smart cart solutions,” said Raz Golan, Shopic’s CEO and co-founder. “This is a deployment of unprecedented scale, and it validates our vision for the future of frictionless grocery shopping experiences.”

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Shopic offers a clip-on device that is compatible with standard existing fleets of grocery carts, removing the need for grocers to invest heavily in upgrading store network infrastructure and making the system quick and easy to deploy.

The Shopic device uses artificial intelligence (AI) in the form of computer vision algorithms, which can identify every item placed in the cart. Shopic’s system detects when an item is added or removed from the cart with 99.4% accuracy.

The Shopic screen displays a real time tally of products and prices so shoppers can keep track of purchases, and enables frictionless self-service payment and checkout, fully synced with store loyalty programs. The interface can be used to ask customer service representatives for help navigating the store. It also operates as a screen for retail media, surfacing personalized sales promotions of related products and other sponsored content.

From the grocer’s perspective, data collected anonymously from Shopic’s smart carts helps to optimize inventory, store layouts and staffing, while identifying new trends in consumer preferences. It also strengthens customer relationships by reducing shopping experience friction and differentiating from competitors.

Shufersal stores that have piloted Shopic-enabled smart carts to date have reported that 12 to 15% of their revenue was processed by Shopic’s solution. When using Shopic, customers’ basket sizes were 78% larger than average, and monthly spending by these shoppers rose by 8%.

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Consumers likewise enjoyed accelerated checkout times, which took less than one minute when using Shopic’s smart carts, compared to 3.5 minutes when using self-checkout lanes and 9 minutes when using cashier lanes. Shopic has also enjoyed strong positive feedback from shoppers, consistently scoring an average of 85-95% in customer satisfaction scores.

“Shopic provides a superior technological solution that delivers all the benefits of online shopping to physical stores in a personalized, effective and fully transparent manner – without the need to wait in the checkout line,” said Ori Watermann, CEO of Shufersal. “The artificial intelligence powering the technology enables us to constantly improve the shopping experience of our customers based on their purchase habits.”

The announcement of Shopic’s expanded Shufersal deployment comes after a year of significant growth for the company, during which it raised $35 million of venture capital investments in a Series B funding round led by Shufersal and other investors, doubled its workforce to 80 employees, and saw new pilot deployments in major supermarket chains in North and South America.

About Shopic

Shopic provides smart cart and store digitalization solutions to the world’s leading grocers, bringing the advantages of online commerce to their physical stores. The company’s computer vision-based clip-on device turns any regular shopping cart into a smart cart. It delivers a smooth shopping experience, instant on-cart checkout, just-in-time personalized promotions, and analytical insights from the retail floor. Founded in 2015, Shopic is headquartered in Tel Aviv, Israel. For more information, visit Shopic.co.

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About Shufersal

Shufersal is the largest retail food chain in Israel with 395 branches and 16,600 employees. In addition to its supermarkets, the Shufersal Group operates the digital wallet PayBox, the pharma chain Be, the convenience store chain Dan-Deal, the B2B brand Shufersal Business, and Shufersal Real Estate, a property reclamation arm. For more information, visit shufersal.co.il.

Media Contact:
Dan Edelstein
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155428

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Blockchain

Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla

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Digital Payment Gateway Market

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Blockchain

Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users

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Humanity Protocol, a $1 billion decentralized, privacy-first digital identity blockchain project, is excited to announce its collaboration with OKX Wallet, which will serve as an identity validator for its testnet ecosystem. This collaboration introduces a seamless way for users to engage with decentralized identity while offering unique rewards for OKX Wallet participants.
Testnet users signing up with OKX Wallet will receive a 10% bonus in their airdrop allocation during the token launch. By connecting their OKX Wallet during the Humanity Protocol testnet registration process, participants will be issued a verifiable credential that confirms wallet ownership. This credential ensures fair distribution and protects user privacy, creating a seamless and secure onboarding experience.
Verifiable credentials form the foundation of Humanity Protocol’s decentralized identity system. These credentials validate wallets as unique OKX Wallet users, safeguarding the ecosystem from fraud, such as duplicate registrations and Sybil attacks. While operating behind the scenes, they play a critical role in maintaining transparency and fairness while enabling privacy-first participation in the network.
“We are thrilled to collaborate with OKX Wallet for our testnet,” said Terence Kwok, Founder of Humanity Protocol. “This collaboration strengthens our mission to create a secure, decentralized identity network. By combining Humanity Protocol’s privacy-preserving solutions with OKX Wallet’s trusted infrastructure, we’re not only simplifying user participation but also fostering trust and fairness across the ecosystem. Together, we aim to set a new standard for privacy and transparency in the blockchain space.”
OKX Wallet, known for its user-friendly design and robust security, plays a critical role in this collaboration by enabling secure wallet verification and streamlining user participation.
Humanity Protocol is dedicated to building a decentralized future rooted in privacy and security. By integrating OKX Wallet as an identity validator, the protocol ensures a trustworthy network that benefits both participants and the broader blockchain community.

The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.

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Blockchain

Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)

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blocks-&-headlines:-today-in-blockchain-(brics,-hungri-games,-nano-labs,-metahorse-unity)

 

Building Customer Trust in AI with Blockchain

Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.

Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.

Source: Harvard Business Review

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Blockchain at a Crossroads: Balancing Promise and Peril

As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.

The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.

Source: Cointelegraph


BRICS vs. USD: Blockchain’s Role in Economic Shifts

The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.

This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.

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Source: CoinGeek


Hungri Games Expands MetaHorse Unity to Base Blockchain

Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.

By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.

Source: CoinTrust


Nano Labs Purchases Trump Tokens to Celebrate Presidency

Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.

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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.

Source: PRNewswire


Final Thoughts: Blockchain’s Expanding Horizons

This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.

While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.

 

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The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.

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