What is Shping (SHPING)?

Shping is the first global product database in the world that connects information from a wide range of reliable sources, including brands, track-and-trace records, information from certification organizations, and information from other industry organizations, and makes this information accessible to any customer at the scan of the product’s barcode.

The Shping Ecosystem is based on product data provided by several data sources, including customers, brands, merchants, producers, government-owned and independent certifying authorities, and supply chain agents. Shping compiles data from numerous resources into the Global Product Database, a distributed product database that is constantly updated. Anyone can engage with a product via a barcode using the Shping App to access and add product information to a Global Product database, enabling more informed and secure purchasing decisions.

The Platform is delivered and made available by Authenticateit Pty Ltd (Authenticateit), under the brand name Shping. 

The Shping Platform links brands, retailers, consumers, and other related parties, including governmental organizations. Customs and certification organizations

It is the first platform of its kind, making it an effective tool for facilitating practical and straightforward discussions between consumers and other stakeholders.

According to the whitepaper, the Shping platform is powered by Ethereum smart contracts, the next-generation blockchain system, which manages product traceability with the help of GS1, a global, independent, non-profit organization in charge of creating supply chain standards that allow brands and businesses to easily and globally store, transport, and exchange data and information.

To encourage customer involvement with their products, Shping is also a marketing and consumer engagement platform that enables participating brands and affiliated organizations to run activation campaigns directly with the audience. This develops into a sustainable mechanism for brands to uphold client loyalty, offer thorough product information, advertise product promotions to influence purchase decisions, and communicate with customers regarding after-sales services like warranty registration and product satisfaction surveys.

Shping coin, SHPING is the utility coin that powers the Shping ecosystem. It is a universal form of payment that guarantees all Shping ecosystem participants’ ongoing, sustainable engagement. Brands can use the Shping coin to reward customers for viewing videos, leaving reviews, and scanning receipts.

 

Who are the founders of Shping (SHPING)?  

The Shping ecosystem is managed by an executive team of qualified, goal-oriented, and professional individuals, including:

The CEO, Chief Executive Officer Gennady Volchek, is a self-proclaimed innovator who has developed several profitable businesses throughout his career. He started publishing ethnic newspapers in Australia when he was 18 years old. Along with launching a satellite pay-TV company in Australia and New Zealand, Gennady also founded a telecoms company that was a forerunner in VOIP technology at the time. Shping is a blockchain-based ecosystem for incentives and shopper marketing, and Gennady has been running it as its founder and CEO since 2017.

Sam White, the Chief Sales Officer, is a qualified, and goal-oriented sales and marketing professional with over 20 years of experience providing strategic leadership and management capabilities at the senior executive level.

Tristian Boehm, Head of Marketing. Tristan has a long career in marketing, having worked as the General Manager of Adidas Combat Sports and most recently as the Marketing Manager for JB Hi-Fi, one of the top ASX-listed businesses. He has managed the impending brand update and developed a new communication and reporting strategy since joining the Shping team.

The Chief Technical Officer is Jared Denisov, a seasoned developer with a strong foundation in computer science theory and practice. He is an active developer in JavaScript (both frontend and backend), Elixir/Erlang, Golang, AWS, and GCP. He is in charge of a large group working on Shping 2.0, a new version of the program, across several countries. 

 

What is Shping (SHPING) used for?  

Shping is utilized as a global product database that compiles data from reputable sources, including companies, certifying bodies, trade associations, and more. Customers can obtain this information by using the Shping App to scan a product’s barcode and access it. By offering thorough insights into items’ origins, certifications, and other pertinent data, the database enables users to access and contribute product information, enabling more educated and secure purchasing decisions.

 

How is Shping (SHPING) unique?  

For consumers 

Shping App: The Shping App enables customers to access Shping’s Global Product Database and extract helpful information to enhance their purchasing decisions by scanning the regular barcodes that are already present on packs. Customers receive rewards from Shping Coins for scanning purchases and interacting with brands on the Shping Platform.

For Brands

Shping Connect: When customers interact with their products via the Shping App, the platform gives businesses and marketers a fresh, highly targeted avenue to share insightful messages with them. Additionally, it gives marketers access to useful consumer analytics data.

Brands can program and automate messages using Shping Connect, a unicast and multicast communication network, to target consumers precisely. Brands have access to several useful capabilities through this effective channel, such as:

At Home

  • Upload shopping receipts for proof of purchase
  • Product reviews
  • More information on purchased products 
  • Reward cash out.

Before you shop

  • Shopping list management
  • Peer product review
  • Product’s detailed information.

While you shop

  • Token rewards. 
  • Digital loyalty cards.
  • Product checklist.
  • Pricing spot checks.

Disposal and recycling 

  • Product disposal and recycling guide.
  • Added reward for positive environmental impact. 

For Retailers

By bridging the gap between consumers, retail stores that stock the products, and brands, Shping’s Retail Module closes the market. To create a cost-effective loyalty program and marketing tool that can be used to customize and target marketing messages, this module will help shops create a direct channel with customers. Shping intends to provide the retail module by the end of 2023, and it is presently in development.

Retailers will have access to the Shping Platform through the Shping Retail Module, giving them the chance to drive foot traffic to their stores, mobilize flash sales on specific products, maintain interest, offer a loyalty program for their stores, and even provide augmented reality experiences to make shopping more enjoyable. Features of the Shping Retailer module include, for instance:

Personalized discounts based on purchasing history; 

acceptance of Shping coins and other cryptocurrencies as payment alternatives; 

inclusion as a provider on the Shping shopping list based on geolocation; and more. Establish a direct line of communication with customers.

For Industry

The Shping Platform benefits a wide range of stakeholders, including producers, certification organizations, and customs officers. These advantages include the ability for certification bodies to inform consumers about the advantages of purchasing certified products, as well as auditing a product’s chain of custody throughout the supply chain and identifying situations where certifications may be abused or counterfeited, encouraging consumers to buy products that have a certain certification.

 

How many Shping (SHPING) coins are in circulation?  

With a current market capitalization of $5,682,949 USD. There are 2,286,791,464 SHPING coins in circulation, with a maximum supply of 10,000,000,000 SHPING coins.

 

How is Shping (SHPING) network secured?

The world’s largest Global Product Database is trustworthy and open to everyone thanks to our socially built validation method, which assures that reliable information will be regularly updated by manufacturers, retailers, and consumers. All barcodes, data matrix codes, and product identifiers from GS1 are supported by Shping.

 

How do I buy Shping (SHPING)?

The SHPING token can be used for a wide range of purposes, like staking and payments.

Shping (SHPING) tokens can be easily purchased by following the steps below. 

* Open an account with the crypto trading platform of your choice.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed and buy CNS through your trading account by swapping with BTC, ETH, or USDT pairs.

 

Which Cryptocurrency Wallet Supports Shping (SHPING)?

The PTPWallet platform supports many cryptocurrencies, with SHPING soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most popular platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform has a simple user interface, is compatible with both Android and iOS devices, and includes a mobile wallet app.

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