Retail trade is an integral part of the economic relationship between the seller and the consumer. However, at the moment this area faces a number of problems, including:
- lack of demanded goods;
- overabundance of unclaimed goods;
- lack of transparency in the trade and supply chain;
- lack of trust between the participants of the retail trade process.
All these problems lead to the fact that retailers lose annually approximately $ 400 billion. In addition, at the same time with such huge losses sellers often lose customers. This is due to the fact that, coming to the store and not finding the necessary goods, the buyer often refers to another seller.
OSA project will allow to change the current situation in the retail market.
Project objective
Among the main objectives of this project, the developers highlight the reduction of retail trade costs, the restoration of consumer confidence, as well as providing a convenient system of purchasing goods for consumers.
About the project
OSA is a ready-made successful business, which was founded in 2015. It is the world's first decentralized marketplace for retailers, product manufacturers and consumers, providing real-time solutions. At the moment, the company offers its services to such large companies as Metro Cash & Carry, Coca-Cola, JTI, L'oreal and several others.
In 2016, the year of the OSA joined more than 70 different retailers and manufacturers, creating POC – proof of concept is correct. Last year, the developers launched OSA Hybrid Platform-a platform based on artificial intelligence that allows you to optimize the volume of goods in order to reduce costs and create the best offer for consumers. However, the introduction of Hybrid OSA Platform met with such negative phenomena as a complete lack of transparency and the human factor.
A more advanced version of this platform should be the platform OSA DC, scheduled for launch in 2018-th year.
Principle of operation
The main feature of the new OSA DC platform will be the combination of artificial intelligence with Blockchain technology, which will make the supply chain more transparent and protect them from fraud and outside interference.
Also, the developers intend to create a unique catalog, which will contain information about the name of the product, contains a three-dimensional model of its appearance, as well as complete information about it with 150 characteristics. All this will allow customers to choose the most suitable product when purchasing goods. Information about the availability of goods and its quantity will be collected by employees of shopping centers and supermarkets, but the process will be controlled by AI. All this will solve the problem with an overabundance and shortage of goods.
Platform OSA DC will also bring benefits to customers. Thanks to this platform, consumers will be able to access information about products in real time. This, in turn, will allow ordinary consumers:
- reduce the cost of buying goods;
- save time;
- to buy only quality products.
Among other things, the platform will encourage buyers to leave feedback and opinions about the products and retailers themselves. For this, they will be awarded OSA coins, which can be used in the future to purchase goods or receive discounts.
The main element of the ecosystem will be OSA tokens, which can be purchased during the ICO, as well as received in the future for posting reviews, increasing or lowering the level of confidence in sellers or products.
Dates and details of the ICO
The developers plan to sell 678,989 million tokens. The official sale of coins will end on August 31 this year.
The cost of 1 OSA is 0,00033 ETH.
The project's hardcap is $ 40 million.
The distribution of tokens and funds is as follows:
Conclusion
The OSA project is quite promising and very in demand in many countries of the world, as it allows to reduce the cost of doing retail. However, it is able to interest not only traders but also consumers, as it allows you to monitor the goods in real time. Thanks to this project, sellers will not throw out expired products, as they simply will not, and buyers will be able to find out whether to go to the store for a certain product and whether it is on the shelf.
Official resources of the project OSA:
