Reckoon’s Blockchain & AI Enabled Solution is Shaping the Future of the Retail Industry

4th February 2020, London, United Kingdom – Reckoon is set to disrupt the retail industry through its proprietary blockchain-based Global WishBasket Shopping Protocol (GloWS) – a standardized and universal way to fulfil shoppers wish baskets using smart contract to execute a better outcome for retailers and shoppers.

In furthering this goal, an initial exchange offering will be conducted to give early backers the opportunity to support Reckoon in pivoting the next-generation shopping ecosystem.

Since the advent of online shopping in the late 1970s, the commerce industry has experienced exponential growth, to the extent where current global market estimates are set to breach the 28 trillion U.S dollar mark in 2020. Whilst this growth has helped to bridge the gap between shoppers and brands, a host of other problems still exist, including disconnected online/in-store shopping models, siloed marketing, and constantly shifting consumer behaviors. This hampers shoppers’ experiences.

Despite the plethora of existing e-commerce and online retail stores, the gap between retailers and consumer satisfaction only seems to widen as no single platform is able to offer a sustainable solution for those in the value chain.

Reckoon’s All-Encompassing Solution: GloWS 

Reckoon is taking the bull by the horns by introducing a blockchain & AI-based “Global Shopping Platform as a Service”, that dynamically connects brands, existing retailers and shoppers. The platform will seek to capture customer’s behaviors and translate them to optimized unique experiences, whilst allowing consumers control over their data.

At the core of the End-to-End shopping, ecosystem is the Global WishBasket Shopping Protocol (GloWS). It will leverage a sophisticated blend of smart contracts and artificial intelligence to give the retailer a deeper insight into the intent of the shopper and will facilitate inter-retailer collaboration for a better outcome for both retailers and shoppers. Thereby improving brand authenticity, sustainability, and overall shopping experience.

Priya Vrat  Misra, Founder of  Reckoon noted:

“We believe the future of shopping will be driven by shopper’s intent & supported by technology that blends the online + in-store shopping journey”

The platform features a decentralized shopping ecosystem with seamless integration of online and in-store shopping designed to fulfill the desires of the value chain participants – shoppers, and retailers.

For Retailers:

• Reckoon will significantly reduce capital expenditures of a retailer/brand by providing the shopping platform as a service.
• The opportunity to set off a chain reaction of increased customer satisfaction, sales opportunities, and revenues.
• Improve online/in-store shopping exposure.
• Provide an improved market for local goods
• Targeting Gen Z, and Millennials – A major quadrant of the online retail ecosystem
• Applying streamlined marketing strategies to cater for trends and inclusion marketing, making shopping more personal to the individual shopper.
• Improve brand loyalty among consumers.

For Shoppers:

• Reckoon uses AI to analyze the shopper’s intent based on their wish basket and suggests relevant shops, brands, and products in line with trends with personalized effects.
• Provides a seamless transition between online and in-store shopping.
• Allows shoppers to benefit by having a single login for all their shopping activities
• Provides a personalized shopping experience via deals, information about local and global trends/advice, and geo-location services
• Gives back control to shoppers to manage their personal data.
• Provides Loyalty and charity programs for users.

Priya Vrat  further adds:

“If online is great at social-discovery and validation with friends, in-Store is supreme in serendipitous-discovery and Instant gratification. Reckoon is creating the ecosystem of shopping to leverage the social power of online with the satisfaction of physical experience” 

Upcoming Initial Exchange Offerings

In an attempt to foster rapid ecosystem growth, Reckoon has decided to hold an initial exchange offering on multiple exchanges. For more details, visit the  Reckoon website (https//ieo.reckoon.com).

About Reckoon

Reckoon is a UK-based company that leverages the Quorum Blockchain, to establish a new standard for retail and commerce for those on either side of the checkout. With this technology being put to powerful use, Reckoon is providing the future of shopping via their Platform as a Service offering, to ensure that retailers are prepared for the future of commerce with a low TCO.

The reckoon founders have 40+ years of combined technology expertise between them. As technology and data evangelists respectively, founders Priya Vrat Misra and Nili are the cornerstone of Reckoon. Making technology work for the benefit of retailers and shoppers alike with customer insights & marketing firepower.

For more information about Reckoon, please visit the website: https://reckoon.com/
To find out more information about the IEO, please visit: https://ieo.reckoon.com/
Follow Reckoon on Twitter: https://twitter.com/reckoon1
Keep up to date on Facebook: https://www.facebook.com/reckoon/

Media Contact Details
Contact Name: Nili Misra
Contact Email: social@reckoon.com

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