The issue of a proper size selection of shoes and clothes when buying online is a major obstacle to the dynamic development of the online market of clothing and footwear and the cause of distrust towards online shopping among consumers.
The innovative technology of Imigize 3D contactless fitting makes the Term "size" irrelevant to online shopping, allowing, based on shopper's individual 3D anthropometric data, purchase shoes and clothes with convenience and ease.
IMIGIZE ICO IS:
- Already working commercial Product.
- Globally patented Technology.
- First Industrial Measuring Centre with output 2MM of scans of footwear per year.
- Pilots with 3 largest Online Stores with over 100MM Customers.
- Strong Project Team.
- Prominent International Advisors, Experts in Blockchain, Crypto Finance, Footwear & Clothing Production, ICO Marketing.
HOW IT WORKS?
- Imigize invented and patented globally the technology of 3D internal volumes measurement of footwear and clothing.
- Using in-house scanners at partners stores or Imiscan mobile App any shopper can create 3D model of their feet (body on later stage).
- Imigize Algorithm based on AI recommends the best fitting size for the model selected by the shopper and shows the expected level of comfort.
Imigize Service Blockchain guarantees the safety of personal anthropometric 3D data of shoppers. Unlike centralized cloud-based or on-premise solutions which can be hacked, the data is encrypted and dispersed on the BLOCKCHAIN.
- Most of globally produced clothing and footwear will be 3D digitized
- Customers will have own 3D anthropometric profile securely stored in Blockchain
- Selection of the proper size will be done by a digital service based on AI technology
Most part of the clothing and footwear trade will be transferred to the Internet by 2030.
Imigize makes a bridge between the mass market and the blockchain economy, fosters sustainable growth of the Ethereum Community.
Rated on Jun 20, 2018
Though i carefully read quite well done WP (especially pages 21-25) i think blockchain/decentralised solution is not necessary here. It perhaps could make sense (still far-fetched) if fitting sizes of footware and clothes of customers change frequently but certainly it is not the real case. So it could be a nice IT centralised project but why make in on blockchain and make ico? The team could be more international.
Rated on Aug 13, 2018
This isn't at all a bad project, as the commercial need and viability is strong. The product is certainly need in the industry, the only thing is making sure blockchain is definitely required here, else its just a "platform on blockchain" project.
Rated on Jul 22, 2018
Modified on Jul 24, 2018
I do not see this product having a valid blockchain use case outside of being a datawallet.
the mvp is simply screen shots on an app preview, so there does not seem to be any type of functional product at any stage of development.
the hardcap of 60mil usd is way out of line in terms of the cost associated with the development of this product.
Financial projections do not include reference to any source data, so it is hard to tell if this is actually valid data.
the whitepaper contains almost 0 information with respect to any viable ROI model to investors.
I do not see this product as having any viable returns to investors in either the short or the long term.
I do not see this as a good investment.
We suppose that you just did not have enough of time to read in details
our whitepaper (https://imigize.io/static/wp/en/Imigize-Whitepaper-v1.03_EN.pdf)
and pitch deck (https://imigize.io/static/pitch-deck/en/Imigize_pitch-deck-v5.1.pdf)
Blockchain use is clearly stated in our WP. Shortly: we unite all web stores into one decentralised network with users 3D profiles data exchange; we create a unique 3D anthropometric user's account for each online shopper, including his comfort preferences profile based on his early made purchases and all purchases data in our decentralised network. This is done using our AI algorithm. User manages access to his 3D data and get rewarded for opening this data to online stores /manufacturers. The result is - you can purchase online any footwear and clothing in one click, and get always your best fitting size as all question regarding the best fit are delegated to a AI-based service.
Imiscan App is real working Beta version, not a screenshot:
You can watch also: https://www.youtube.com/watch?v=Dl0bhpA7Ofk
The project has actually largest commercial customers with over 100MM clients: https://imigize.com - How to connect to the service
ICO proceeds road map is clearly state on our web site and WP. Shortly: the main expenditures are related to opening Imigize measuring centres - to digitise internal volumes of footwear and clothing. Each centre cost $3M-$5M. Only in China we need over 20 Centres to cover the market.
Tokenomics and all public materials regarding such terms as "ROI" and "returns to Investors" are strictly in compliance with SEC regulation. Imigize token is a fair utility token by its nature.
Rated on May 25, 2018
I have spokem to the team and like this project a lot. They have the right experience and it solves a real issue for both buyers and sellers in online sales of shoes and future cothing. The blockchain use case is relevant and they ahve a proven business model. This is very attractive I think and with the team of advisosr they ahve addded with a lot fo relevance then this could be a very good sale and exciing project
Rated on Jul 22, 2018
I had a detailed discussion with the founders about the project. I feel they are working on a real e-commerce problem, having artificial intelligence and machines learning to find the exact size of the foot using mobile application is a very innovative solution. However, Blockchain technology is used only to capture the data, which might have some benefits in furure for data analysis.
Vision is very clear, team is also very experienced, nevertheless, they also need some good team memebers who had previously worked on the similar projects.
Team member: Nikolay Nazvin and Elena Novikova do not have linkedin account on ICO Bench.
Disclaimer: This is an independent review on the ICO, and does not lead to investment advice. ICOs are risky, kindly do your own research before invesment.
Rated on Jul 22, 2018
Modified on Jul 23, 2018
Increased rating due to a reply to my review but keeping the comments as they are valid concerns.
Coming from ecommerce space I know there's already many solutions in various stages of development and some in production. I've been pitched to seed invest in many over the years. This is something that would be best pushed through traditional VC model aiming for acquisition by a major retailer or to do a joint venture with a major retailer with the goal of being acquired. I don't see how blockchain is justifiable based on the notion of safeguarding personal information like shoe sizes nor how it's justifiable enough to raise $60m. I don't see there being good value to investors and encourage the company to seriously question whether they are taking the right approach. Don't get me wrong there needs to be a good solution for this as retailers have very high return rate for clothing items online as the expression is that customers will buy 3 and return 2.
We welcome our colleagues from e-retail.
We stated all main approaches of solving the problem of the selection of the best fit for footwear and clothing online trade in our Whitepaper.
Most of them have a very low accuracy or dead without being born or have no future.
We achieved very beautiful results that can be already globally scaled - we gather precise data of the customer’s 3D anthropometrics using our mobile app and we measure internal volumes of footwear and clothing in 3D in large industrial volumes. We use sophisticated AI to compare them.
After 3 years of deep scientific R&D, we see that the solution should be assisted with AI. All players should join their databases for cross saturation to make the virtual contactless fitting be able to replace the physical try-on.
Do you think that Walmart will share their data on Sales with Amazon? Or Adidas will tell Nike what are his customer’s comfort preferences and which models he/she bought/ liked.
Obviously, as a professional, you will say: “NOT!, NO WAY!”. Most of them will tend to monopolise the data.
We offer a perfect solution when all web stores will use the results from the decentralised database without disclosing their own data. The Blockchain is a perfect solution.
Another point - when you get closer to the solution for the apparel market, no shopper is ready to share his/her 3D anthropometrics data unless it is absolutely securely stored/managed.
We offer the blockchain as a solution and our token as a compensation for the loyalty.
A big part of proceeds ( from $60MM) will be used to digitise (measure internal volumes in 3D) most of the produced footwear and clothing models. There are millions of models manufactured around the globe.
Though return rates and related expenses are big, the is not the main reason of the project.
Ask yourselves if you purchase footwear and clothing online?
We have a solution when everyone can answer - “YES, SURE!”.
Our goal is to transfer all trade of all wearable goods into online.
Rated on Jun 26, 2018
I like the idea behind this but I cant see a reason why blockchain tech is needed at all. You could do this in a centralized way without the need of an ICO. The ICO does not serve a real purpose. The team can correct me if im wrong.
Speaking of the team I do like the mix of expertise between them. Can they make this work?
E-commerce is very different form digital marketing and social networks. This is the reason why it takes time to experts from other industries (even fintech!) to perceive the concept. Many are mislead by the paradigm that they live in. I will take some moments to introduce you (other readers) into the topic.
Presently the e-commerce market looks like a medieval map of feudal states. More powerful the sovereign, more he is self oriented in their IT infrastructure and less open his data.
All of them want to know what happens at competitor's castle but under no condition they will share the data on their shoppers.
They consider their clientele as a Goose That Laid the Golden Eggs.
We are breaking this circle - Imigize offers an infrastructure when all corporate customers may take use of all purchases of a shopper at competing web-stores without disclosing sensitive information to each other.
The web store will receive only an anonymized result from our AI algorithm - best size recommendation and expected comfort level for the shopper.
No web store can get the information on competitor's sales or customers!
In this way we create an infrastructure for the safe data exchange between web stores and shoppers.
Same for the footwear and clothing makers.
We offer an infrastructure to exchange the data on the best fitting models (3D internal volumes) for each geographical markets without disclosing models themselves and brands.
For end shoppers we guarantee the safety of their 3D anthropometrics.
No hacked data, no leaks like at Facebook , Equifax
see pls our video
I hope to explain you in details the question regarding the use of Blockchain at Imigize.
In our team we have real techno stars with large experience.
The proof is - we have a ready working product, large commercial Customers and Industrial Measuring Center with output 2MM of digitised models of footwear per year.
Is this persuasive enough for you?
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|September 20th - September 27th||15%|
|September 27th - October 4th||10%|
Ready: Industrial Measuring Center in St. Petersburg, integration with clients in CIS/Russia: RunLab, Wildberries, Sportmaster.
Launch of Industrial Measuring Center in China, integration with fist internet shop in USA
Launch of 3 extra Industrial Measuring Centers in China, Vietnam, Thailand, integration with internet shops in Europe, China, Japan
10 Industrial Measuring Centers in China, integration with internet shops worldwide