MOZO : Pedestrian Traffic Control Technology in Offline store Blockchain-based

cryptomythic (25)in #cryptocurrency • 6 years ago (edited)

Any observant person will easily notice the increasing speed of life. The world around us turns faster and faster, and the crypto market is no exception. Due to the increased interest from users, the cryptocurrency market is expanding at an amazing pace. Each user of the network can create their own currency, which leads to the emergence of hundreds of new coins every day. Even experienced traders can not always sensibly assess the prospects of investing in a particular coin - the increasing complexity of the market requires more time and effort to understand its basics. This can serve as a deterrent for investors who are afraid of losing their funds.

The problem is solved by the project developers called MOZO. They positioned the platform as a suite of profitable trading tools and cryptocurrency investments, built on the experience of professionals. Based on this definition, MOZO is a blockchain-based solution for venues and retailers to increase and control foot traffic at offline stores.

What is MOZO ?

Retail business is currently greatly reduced in the sales field. this is influenced by many factors associated in it so that the chain of sales in the retail business, especially those moving with the physical store sales is very affected by the impact of the movement of ecommerce business. mozo project is a project that runs in the retail business covering an ecommerce area where mozo project offers solutions for retailers to easily locate and market their products at physical stores or online promotions, online promotion offered by mojo project is very simple but has an impact which is very large for retail entrepreneurs where in the promotion of mojo projects retail entrepreneurs can easily promote their products or stores to prospective buyers by giving some tokens or tokens to buyers or visitors, this idea does sound very alien and impossible but with a promotion like this the retail business actor will easily attract customers who are visiting the shopping area or in the area where the promotion is done.

Problem

Loyalty programs are not as effective as they can be. The vast majority of points and coupons just accumulate and never apply. According to statistics from Bond Loyalty's Report, in 2017 us consumers did not use their discounts on loyalty programs worth about $100 billion. The reason?First of all, there are too many programs, each brand usually has its own. Wallet stuffed with cards and coupons – quite a common picture. However, there are several solutions that combine loyalty programs of several brands. But, as a rule, the number of these brands is very limited.Also a problem is that the consumer cannot know exactly how many points and discounts he / she has and what can be bought with them.And of course, the very organization of loyalty systems is quite expensive. Only relatively large brands can afford it. Small companies are limited in this opportunity.

How it Work ?

To use the Mozo network, Users, Devices and Systems have to be registered on the Mozo and blockchain network through an authentication process. The Mozo platform will be making use of Ethereum blockchain technology for its transactions pending the arrival of Solo technology which is a new DAG type blockchain network that is designed to support peer-to-peer micropayment transactions (Retail, IoT, Microlending, Cybersecurity etc.).Mozo functions by using Smart Contracts which is being tied to retail activities. The smart contract is established between retailers smartphone or IoT devices and the consumers smartphone which help them detect and recognize each other. With the embedded Smart Contract, both Retailers and Consumers smartphone can further accept and process transactions under the command of the Consumers. Depending on the transaction, the smart contract can create commands between user-device, User-Used or User-system. This is a unique feature of the platform.

The Future

Mozo is the future of the retail industry. With proven technology, this technology should not be surprising, we already have 38,000 places committed to implementing Mozo. We project this number to grow to 300,000 over the next three years. The big mall is just one of the many places that can take advantage of Mozo. Hotels, restaurants, stadiums, show rooms, resorts, and tourist boards are some of the other obvious apps that can take advantage of the use of Mozo tokens. Anyone who wants to control and increase pedestrian traffic can benefit from Mozo.This is our vision for Mozo. We have the expertise and resources to be a pioneer in an industry that has not been touched by blockchain technology before. This is the token to discover the future of trading. The future in which Mozo became a digital platform for retail places to grow side by side with online commerce. Makes Mozo really, Token Discovery.