Blockchain
Shopic’s Smart Cart Solution Highlighted by Microsoft at EuroShop 2023
Tel Aviv, Israel–(Newsfile Corp. – February 27, 2023) – Israeli startup Shopic is displaying its cutting-edge smart cart solution at the prestigious EuroShop conference as part of the Microsoft booth (Hall 6, Booth G24). Taking place in Dusseldorf, Germany, from February 26 to March 2, Microsoft is showcasing a select number of its Microsoft Cloud for Retail partners, including Shopic.
Attaching Shopic’s clip-on device to a shopping cart
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Visitors to the Microsoft booth at EuroShop can try out Shopic’s touchscreen device in a demo supermarket environment and experience the technology for themselves. Among other team members, Shopic CEO and co-founder Raz Golan will also be on hand to answer questions and respond to inquiries.
“We’re delighted that the team at Microsoft has selected our solution as one of its retail tech partners to highlight at EuroShop,” said Golan. “We see it as an affirmation of our team’s hard work in bringing the Shopic smart cart solution to market, and an opportunity to introduce Shopic to many more retailers looking to improve customer experience and enable seamless purchase journeys.”
Shopic’s solution employs artificial intelligence (AI) to power computer vision algorithms that identify every item as it is placed in the grocery cart, no matter what angle it’s at, removing the need for shoppers to self-scan. Unlike other smart cart solutions, which come built in to specialty carts, Shopic offers a clip-on device that shoppers can easily attach to any standard grocery cart. This way, retailers can continue to use their existing fleet, cutting time to deployment and reducing investment in expensive infrastructure.
The screen displays cart contents and a running price total in real time, informs the shopper about relevant promotions, and enables frictionless self-service checkout. In this manner, Shopic empowers grocers to improve customer experience, to differentiate themselves from competitors with minimal risk, and to develop a new revenue channel with their own retail media offering.
“Grocers around the world are struggling with the same challenge: how to deliver friction-free self-service checkout without adding new obstacles and without over-complicating the customer journey,” said ShiSh Shridhar, worldwide retail lead, Microsoft for Startups. “In the race to develop reliable, accurate smart cart solutions that improve the retail customer experience for grocery stores, Shopic is one of the leaders in the field, and we’re pleased to showcase them as a Microsoft for Startups retail partner.”
Shopic arrives at EuroShop after a year of expansion and growth, having doubled its employee count to 80 and having raised $35 million in venture capital investments through a successful Series B funding round. The company is currently piloting deployments with some of North and South America’s leading retailers. Already in extensive use in Shufersal grocery stores, Israel’s leading supermarket chain, Shopic has proven its effectiveness, boosting basket size by 78% and monthly spending by 8%.
EuroShop is the world’s leading retail trade fair, with over 1,700 exhibitors from 56 nations taking part in the five-day event in Dusseldorf, Germany. Shopic can be found at the Microsoft booth G24, Hall 6, throughout the event.
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.
Media Contact:
Dan Edelstein
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156245
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
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
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.
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.
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.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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