Shping

SHPING is an innovative self-service shopper marketing system.

PROS:

• Easy updates: The shping mobile application enables the users to easily learn what is in it, where the products are from and their authenticity. Further the consumers are able to extract useful information from the application to support them  with their shopping services
• The platform enables easy marketing budget used in rewarding the consumers directly for their engagement  and attention rather than paying a large sum to the media giants
• Traceability: The platform enables the  consumers ,brand retailers, distributors and governing bodies top validate whether any given product is safe and authentic, meets the standards required
• The platform enables the users to scan the product barcodes with their mobile devices hence ensuring faster authenticity before effecting any shopping
• The platform provides brand  and marketers with new and highly targeted channel to send their useful messages to the consumers  upon scanning their products barcodes hence easening the marketing process
• The serialized global  trade item number (SGTIN) and unique data matrix code enables the manufactures to track each individual product in the shping platform  hence providing a powerful brand protection and security to the users
• The platform has a good number of expertise on board led by the CEO,MR.Volchek  who has built several successful businesses

CONS:

• The project whitepaper doesn’t fully highlight how the shping coin can be exchanged with other crypto currencies
• The incentives provided to the users in terms of commissions awarded on the products is not indicated

SUGGESTIONS

• The shping coin should be made exchangeable with other crypto currencies
• The user incentives should fully contain the commissions offered to the consumers

Summary

Basically, Shping is used to help disrupt the current online shopping industry. Through its platform, and overall project vision, we can see it becoming more useful as it develops. If executed correctly, this project can help users obtain high-quality products and help manufacturers make better products for the global economy.

Positives
Product Verification: Users can verify the products they’ve bought and be rewarded in Shping Coin for doing so.
Market Incentive: Shping helps marketers and sellers by giving them a platform that assesses the validity of their product which helps improve the overall loyalty of their consumers and overall market brand.
Blockchain Security: Since it’s on Ethereum’s blockchain, users won’t have to worry about Shping coin being inflated in value or mined.

Negatives
Traditional Online Stores: How will they react according to Shping’s development? Will they try to stop the ICO from taking their market share?

These Shping coins are primary to the entire incentive mechanism. User rewards are set and offered by retailers and brands, who already possess Shping Coins.