2X eCommerce Podcast artwork

SE3 EP20: SHOP Blockchain Protocol Aims to Decentralise Retail & Give Shoppers Full Control Over their Data

2X eCommerce Podcast · with John Wantz · March 21, 2018 · 42 min

Summary

This episode introduces the $HOP blockchain protocol, aiming to decentralize retail by giving shoppers control over their data in exchange for incentives. Ecommerce brands can utilize this decentralized data marketplace to gain a comprehensive view of customer buying patterns across multiple marketplaces. It offers a glimpse into a future where data privacy and personalized incentives converge for both consumers and retailers in the crypto space.

Key takeaways

Themes

shopify & ecommerce platformsdtc strategyanalytics & attributionai & automation

Topics covered

blockchain in retaildecentralized data marketplaceshopper data controlcryptocurrency incentivesico for ecommercecustomer buying patternsethereum blockchain

Episode description

On today's episode, we are going to learning about a new retail-focused blockchain protocol that aims to decentralise Retail on the Ethereum Blockchain. The name of the protocol is $HOP or SHOP and a Co-Founder, John Wantz joins me to talk about how the protocol aims to decentralise retail and ecommerce. The protocol will provide Shoppers and retail brands access to the SHOP decentralized data marketplace. Shoppers will be provided with a SHOP Token enabled wallet that will be used in on $HOP enabled ecommerce stores. At the point of sale, Shoppers will be able to pass on their shopping data to stores in exchange for incentives, rewards and rebates. Retail brands, on the other hand, can use the $HOP decentralised data marketplace to promote their products to across multiple marketplaces and get a more consolidated view of each of their opted-in customers' buying patterns from the decentralised data marketplace. They are currently on public pre-sale ICO here: https://shoppers.shop Their pre-sale ICO ends April 29th, and then their Public ICO begins on May 14th. SPONSORS This episode is brought to you by: Klaviyo Klaviyo is a game-changing email automation tool specifically built for scaling eCommerce businesses. I am not just saying it…I use Klaviyo in my ecommerce store as well in a number of stores I advise for. With Klaviyo, in just a few clicks you are able to activate pre-built email automation flows such as cart abandonment, up-sells and win-backs. Klaviyo also seamlessly integrates with Facebook Audiences. If you’re an eCommerce manager, I cannot recommend Klaviyo enough. Give Klaviyo a try today on www.klaviyo.com.

Related episodes

Frequently asked about this episode

What does this episode say about shopify & ecommerce platforms?
Understand how blockchain protocols like $HOP can enable a decentralized data marketplace for retail and ecommerce.
What does this episode say about dtc strategy?
Explore the concept of shoppers exchanging their data for incentives, rewards, and rebates using token-enabled wallets.
What does this episode say about analytics & attribution?
Consider how a decentralized data marketplace could offer a consolidated view of customer buying patterns across various marketplaces for deeper insights.
What does this episode say about ai & automation?
Evaluate the potential impact of blockchain technology on data ownership and privacy in ecommerce.
What does this episode say about shopify & ecommerce platforms?
For early adopters, research the ICO phases of new blockchain protocols like $HOP for potential investment or integration opportunities.

Listen