Dynamic Blockchain Ecosystem that will disrupt the Global Trade with the help of distributed A.I.
About
Applicant name: Shoptaki
Innovation Name: Shoptaki Smartchain
Innovation Type: Solution
Website: http://www.Shoptaki.com
Innovation Description: The Shoptaki Smartchain leverages the advances of Blockchain and adds AI and quantum-safe cryptography. If you have ever tried to use blockchain in its raw form, you know that there are problems: incompatibilities with legacy structures, anonymity which brings greater risks of fraud, slow transactions. The Shoptaki Smartchain leverages the best of blockchain and adds artificial intelligence for improved usability features: identity verification, centralized decision-making. The Smartchain is also designed with future security threats in mind, and it uses quantum-proof cryptography. Data transfers through Shoptaki quantum-safe protocol will be as secure in the future as they are today.
The Shoptaki Smartchain creates a safe and global ecosystem so that Smartchain users can interact across use-cases. It is useful in finance with fraud detection and AML, in ad-tech for customer profiling, in the B2B industry for international accessed to funds and identity management, and many more.
Status of Innovation: Pilot
Innovation Active Since: 07/11/2018
Applicant Type: Private Company
Headquarter City: New York
Headquarter Country: USA
Year Founded: 2015
Main Category
Main Category Choice: Technology Innovation
Why do you think you should win this category?:
We use a distributed Artificial Intelligence and a proprietary Smartchain to facilitate more secure and faster transactions. The A.I helps package the remittance with the KYC, Regulation and Compliance, and AML into into one streamlined system to ensure that every transaction is secure, compliant, and in addition to significant cost Savings by automating the entire process.
Secondary Category
Secondary Category Choice: Compliance Solution
Why do you think you should win this category?
The Shoptaki Smartchain is relevant in the Compliance Solution since we utilize A.i to automate tedious processes, while ensuring the transactions is Compliant by a centralized decision-making. The Smartchain will automatically analyze the content of smart contracts created on it and ensure full legal and regulatory compliance from end-to-end. This automation will allow each transaction to have
reduced frictions and delays that would normally happen with currently existing processes.
Team Members
Full Name: Asnee Fernando
Role: CEO
Linkedin: https://www.linkedin.com/in/asnee/
Full Name: Francisco Mendoza
Role: Data Scientist
Link: https://www.linkedin.com/in/mendozafrancis/
Full Name: Hongji Yang
Role: Smart Chain (Blockchain) and Security Engineer
Link: https://www.linkedin.com/in/hongji-yang-9860b0a3/
Full Name: Heena Agrawal
Role: Data Scientist
Link: https://www.linkedin.com/in/agrawalheena/
Supporting Links
Shoptaki Whitepaper: https://drive.google.com/file/d/18fC3dUXgKBLp-JY86mlwQFPjY5laslV7/view?usp=sharing
Shoptaki Smartchain Deck: https://drive.google.com/file/d/1MFcHiwI3LXPCUGj4J5DQmcstD17Fu3Uz/view?usp=sharing
Entry Representative
Full Name: Asnee Fernando
Role: CEO
