Blockchain
Smart Cart Startup Shopic to Present Its Solution at Microsoft Experience Center in Munich
Tel Aviv, Israel and Munich, Germany–(Newsfile Corp. – May 23, 2023) – Grocery smart cart provider Shopic announced today that the company is partnering with the Microsoft Experience Center EMEA in Munich to showcase its innovative smart cart technology.
Microsoft Experience Centers are located in four locations around the world, enabling businesses to explore game-changing technology through immersive experiences and deep technical engagement. Startups which are showcased at Microsoft Experience Centers enjoy an unprecedented opportunity to present the full potential of their solution to a wide audience, and build important relationships with future customers.
“This collaboration is a significant milestone for us,” said Raz Golan, CEO at Shopic. “Microsoft has provided us with an effective platform to showcase our technology to customers in Europe and beyond. We’re delighted that Microsoft shares our confidence in the potential of Shopic to transform grocery shopping.”
Microsoft has invited Shopic to demo its solution in the Munich facility’s recently relaunched grocery retail tech area. Shopic joins SES-imagotag’s VUSION solution for electronic shelf labels (ESLs) as one of only two Microsoft partner organizations slated for the Microsoft Experience Center grocery retail area relaunch.
Microsoft and Shopic are already discussing the potential for expanding this collaboration to additional Microsoft Experience Centers locations.
Shopic’s solution was developed to resolve the challenge that faces grocery stores around the world: how to cut the time that consumers spend waiting in line for checkout, while reducing friction from the shopping experience. Shopic uses computer vision AI algorithms to identify every item as shoppers place it in their cart in order to enjoy a seamless and fast checkout experience.
Photo by LUZ Corporate Photography
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The solution employs a clip-on device that attaches to any standard grocery cart, removing the need for grocery chains to invest in expensive new carts and infrastructure. The device displays a running total in real time, so shoppers can track their purchases, and its built-in retail media platform promotes relevant, personalized special offers.
With Shopic, shoppers can complete their visit more quickly and with less hassle, while grocers can differentiate themselves from the competition, improve customer experience, gain valuable anonymized data insights and boost revenue at minimal risk.
The Shopic-Microsoft Experience Center collaboration announcement follows several busy months for the startup. Over the past year, Shopic has doubled its employee count, completed a successful $35 million Series B funding round, and deployed pilots in a number of leading retailers across North and South America, including two Wegmans locations in New York.
Shufersal, Israel’s largest grocery chain, also announced its commercial-scale expanded rollout of Shopic carts to at least 30 stores, making this the largest deployment of a smart cart solution to be announced to date. The Shufersal rollout follows a major pilot, where the chain reported that Shopic boosted basket size by 78% and monthly spending by 8%. In February, the Shufersal-Shopic partnership earned a 2023 RETA Award for Best AI.
The Microsoft Experience Center demo also represents the next stage in the growing relationship between Microsoft and Shopic. Shopic recently joined the Microsoft Cloud for Retail booth at the prestigious EuroShop conference in Dusseldorf and at the National Retail Federation’s flagship conference, NRF Retail’s Big Show 2023, in New York.
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:
MarketAcross
Dan Edelstein
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163022
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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