Reddocoin: Revolutionizing Drop Shipping Business with a Combination of Artificial Intelligence and Blockchain – Analytics Insight
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Reddocoin is the first-ever crypto-friendly e-commerce platform that provides full automatization in dropshipping business.
The company has designed a real-time-saving AI bot, which crawls the web and automatically detects the most profitable and best-selling products worldwide. Firstly, the bot filters products by the growth rate, price, and order volume. Secondly, it collects all the selected items in Reddocoin’s centralized system and, lastly, imports them to the matching categories on the retailer’s online store.
Reddocoin’s AI-powered bot is more efficient when compared to the group of personal searching assistants and category managers.
Reddocoin was founded in 2018 with the mission to solve the greatest problems that businesses face in the e-commerce sector globally. The company is developing a blockchain-based, decentralized, and comprehensive e-commerce ecosystem with extended functionalities and integrated artificial intelligence. Reddocoinisnow on its path to revolutionize-commerce for everyone.
The company aims to become a decentralized platform in the future, which is governed by smart contracts and is filled with the full participation of Reddo stakeholders.
Reddocoin was founded by Anzor Nishnianidze, the current CTO, and BekaNatmeladzethe current CEO of the company. Both the leaders have successfully worked on and implemented innovative blockchain projects worldwide. They fully understand customers’ needs in this era of online retail as they are totally familiar with blockchain and e-commerce. The duo is also up-to-date on the industry’s trends and challenges, which makes the job of bringing up solutions and innovations a lot faster and easier.
Reddocoin is bringing the blockchain in dropshipping. It is a new use case of blockchain in one of the world’s largest industries. It is intended to constantly improve on its innovative solution and make it possible for all users to leverage the best of the blockchain within the Reddocoin ecosystem.
There are several reasons why blockchain technology is a core element of Reddocoin’s development. The most important is the reliability with which a blockchain’s decentralized model protects the Reddocoin platform against attacks and attempts to compromise the system. The digital assets of all users are held in a secure wallet against fraud and unauthorized access. All transactions made within the Reddocoinapplication are also stored on blockchain where the users can keep track of them. Another advantage to this is its transparency. In the Reddocoin community, every user can check the execution of each transaction. In addition to all this, blockchain technology enables borderless payment solutions for businesses and Reddocoin holders, which makes the company the easiest, fastest, and safest way to accept pure-digital payments today. Reddocoin aims to become one of the best payment solutions for businesses worldwide.
Beka believes that blockchain and artificial intelligence are two of the top in-demand technologies right now. “Individually, these technologies can accrue and pass on data in different ways. Their fusion, therefore, has lots of benefits, and it can take the utilization of data to new levels. At the same time, the integration of machine learning and AI into the blockchain can significantly boose blockchain’s underlying architecture and efficiency, as well as the potential of AI. AI can enhance blockchain productivity far better than humans think,” he says.
Speaking about innovation Beka said that one of the main features of Reddo is the combination of blockchain, artificial intelligence, and software development technologies. This careful integration has made the platform efficient, innovative, fast, transparent, open, and safe for all users. Reduction of transaction and business costs and the simplification of the purchase process are some of the key advantages of the company.
Reddocoin has got several notable collaborations, recognitions, awards, and accolades for leveraging blockchain technology seamlessly. The U.S based online marketplace Shofex.com was one of the first partners of Reddocoin. The collaboration began a year ago and has successfully tested the beta version of Reddocoin’s innovative thinking searching bot and implemented the fully automated drop shipping service to deliver their products. After its ICO phases, shofex.com will be one of the first online stores in the world to run in the Reddocoin ecosystem and accept ‘Reddo’ as a payment method.
One of the challenges the company faced initially was to find the right partners (clients) and to use their platforms for testing the beta version of the Reddocoinautomated drop shipping tool, says Beka. Later, with its exceptional capabilities, Reddocoinattracted ll the US-based partners of the company, including the online stores, and the wholesale vendors to work with it and gave the chance to demonstrate how its innovative solutions could make their businesses easier and more profitable.
Reddocoin is currently conducting an ICO campaign, and the aim is not just to develop the company’s decentralized e-commerce ecosystem and token application, but to aggressively scale growth within the industry.
“Usability is a critical requirement for cryptocurrency adoption. For such a reason, the company is planning to reward Reddocoin users for their loyalty and support in making Reddocoin their daily transaction currency. For this, the members have designed the Reddocoin referral and loyalty program. Usability will enhance the future value of Reddocoin and foster the ecosystem growth opportunities, as well as the massive adoption of cryptocurrency,” claims the CEO.
As per the projections, there will be 10,000 active online stores in the Reddocoin business ecosystem with a revenue of US$1.85 billion, by 2026 andBeka believes the Reddocoin community will grow to more than 2 million active users worldwide by that time. “With the right opportunity, timing, and partnerships, Reddo is poised for explosive growth. As for the industry, we envision a future where more businesses will follow the Reddocoin trend” he concluded.
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