The most powerful thing in any business is data. Without it, companies are tapping in the dark and gambling with their future. They don't know what they costumers like, and maybe even more important on what would their potential costumers like to spend their money. With right data in right time, companies can make a fortune by producing what market is craving for at that exact moment. Of course, the power of data goes much further than just production, almost all sectors in business are gaining great working tool with right data in their hands.
Thanks to the rapid development of blockchain technology, people slowly realize that for last two decades they were "unknowingly" giving their data for free to big companies ruling over the internet. This is going to change with the help of several blockchain based projects developing with intent to give data back in the hands of its rightful owners - people like you and me. Today I am presenting you one project that made great twist to this data idea - LOOMIA
LOOMIA data collecting method is in my opinion so cool and futuristic that I fell in love at first sight, and can't wait to try it personally. Loomia is creating soft and flexible circuitry, named Loomia tile, that can be merged into a great variety of soft goods. There are multiple applications for it in industries like fashion, automotive, home furnishing, industrial apparel and several others that can gain great benefits by using Loomia product. Any product with Loomia tile in it becomes great collecting data tool. It is reacting to the environment by measuring changes in temperature and touch, gathering data and recording it on the blockchain. With the use of blockchain technology, it is ensured that data is genuine, accessible and unable to be falsified.
If you are wearing some jacket, or shoes with Loomia tile, then all data you gather from it belongs to you. There are two options what you can do with it. You have an option to keep it private and personal or to share it and sell it. If you choose the second option then you will just transfer data through the Loomia desktop app to market researchers and get paid for that. In other words, you can make money just by walking in the park with your Loomia shoes on. I am not sure does life gets any cooler than that.
The best thing (This project has so much of them) is that Loomia is created and developed by a team with great experience in fashion, business, and technology. They have already proven themselves as a team by creating several successful products and cooperating with some of the biggest names in the industry. I would especially underline Loomia founder Madison Maxey (Forbes 30 under 30, 2013) and encourage you to check other Loomia team members in HERE.
Loomia token sale information:
Sale date: Q1 2018
Token Price: 1 TILE = $0.05 USD
Number of Tokens: 1,046,000,000 (57% for sale)
Hard Cap: $30 Million
Currencies accepted: Fiat, BTC, ETH
Conclusion:
I like the idea, and the problem Loomia is solving. The product has great business application plus it is created by a team experienced in fashion and design. This could be proven to be of great importance because there is no use of Loomia tiles if no one wants to wear them. There are numerous potential business usages that I did not even mention in this article (One of them is a possibility to associate individual physical identity to their digital identity), so I plan to write more about Loomia after exact ICO date is provided. I also need to make deeper due diligence about the token economy and possible rivals in this emerging market.
https://loomia.com/welcome
https://t.me/LOOMIA
https://www.facebook.com/LoomiaCo/
https://twitter.com/LoomiaCo
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