E-commerce is huge, and that is good and bad. How will Eligma increase the visibility and safety of online sellers? GoCrypto Follow May 4, 2018 · 3 min read

Eligma is a cognitive commerce platform that aims to improve the online and offline selling process. With AI-driven discovery and blockchain technology, it will address critical commerce issues and increase the quality of experience for all the parties involved. This article focuses on the seller’s experience in terms of exposure and safety.

The seller pro

Running a full-time selling business often requires operating on multiple selling sites as well as one’s own branded site to get as much exposure as possible. Even so, the offer can get lost in the sea of similar hits suggested by the buyer’s search. All this makes the visibility of online sellers dispersed and surrounded by a lot of ‘noise’.

Eligma addresses this problem with its AI-driven super discovery. This feature enables a search across all the selling sites at the same time in a few seconds, looking for hits strictly according to the buyer’s specifications. This will make you highly visible to customers who are looking precisely for what you offer. Eventually, this will reduce the memberships fees required to sell on multiple selling platforms, lower the advertising costs and require less time for business operation.

Another big issue is the safety of the seller. While the safety of the buyer is much more widely discussed, fraudulent buyers can cause a loss of income and merchandise and even get a seller banned from a selling site without any fault of their own.

At Eligma, we wish to create a situation that favours both the buyer and the seller equally in terms of safety, and will offer several mechanisms to that effect. The most important mechanism for the seller pro is the possibility to create smart contracts on a blockchain. This is a completely decentralized sale where both parties will make a deposit into the smart contract as a guarantee. These deposits and the buyer’s payment will remain locked until the contract terms are fulfilled, so it is in the best interest of both parties to fulfil them.

The occasional seller

A testament to the scale of today’s e-commerce is that more and more things end up in our homes. This is a triumph because items arrive in an easy and fast manner, but also a bit of a catastrophe because the flow of goods into our homes tends to be one-directional. Many people are not tech-oriented and do not wish to run anything that sounds like a selling business. As a result, many potential resale items are left around the house or are thrown away when they could actually return some of one’s initial investment.

Eligma aims to introduce a much more inclusive occasional sales practice by making the online selling process a lot simpler for the prospective seller. This will start at the moment of purchase — by tracking one’s every item bought online and creating an automatic AI-driven inventory of everything one owns. Items can also be added to it manually. Eligma’s household trading agent feature will monitor their value and notify the owner of the best time to sell an item. If one chooses to do so, Eligma will create an automatic listing of the product and list it in selected second-hand online stores. This will enable every household to make occasional extra income, and the items they no longer need will be put back into effective circulation and reuse. In case of second-hand c2c sales, there is also the possibility of escrow service, where Eligma can act as a trusted intermediary and ensure the fairness of the terms for both parties.

The aim of Eligma is to contribute to the world of commerce by making it more efficient and accessible for everyone who wishes to participate, and to offer solutions to create sustainable and safe commercial practices and ecosystems.

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