nCash tokens are required for this data transfer, and a portion of the fee is paid into your wallet. It all centers on ION, a proprietary Internet of Things (IoT) sensor that can uniquely identify any customer that visits a retail store. It does this by detecting the unique signal given off by customers’ mobile phones as they enter a store or any other location where an ION sensor is set up.
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Nucleus Vision is an end-to-end technology solution that captures and provides previously unassessed data to retailers and other ‘brick and mortar’ businesses through its blockchain and proprietary real time sensor technology. Nucleus Vision’s blockchain platform, the Orbit, is the foundational layer over which customer identities, customer data and the nCash tokens flow accurately and securely between all involved parties and systems.
The sensor can also pick up temperature, pressure, motion, acceleration and sound in a 200-meter radius. Customer identities and data are then securely transferred across Nucleus Vision’s blockchain platform, Orbit. Nucleus Vision is a contactless identification system designed to help retailers interact with and better serve their customers.
Neuron connects retailers and customers at precisely the right moment to bring an element of delight and surprise to the retailer’s customer service regime, providing an improved experience for both parties. Established in 2014 in Harvard University, Nucleus Vision is a technology solution that captures and provides previously inaccessible data to retailers and other ‘brick and mortar’ businesses through its proprietary blockchain and real time sensor technology.
Since 2014, the team of Harvard business school has been developing a fundamentally new blockchain system for contactless identification of real-time users, without using Wi-Fi or Bluetooth. The Nucleus Vision project uses its own blocking and real-time sensors to obtain customer data needed by retailers and other traditional businesses. Own technology for the production of sensors for Internet devices of things makes the product independent of Wi-Fi, Bluetooth and the method used to recognize faces. Imagine shopping and having the store know exactly what you like and what you might be after. They approach you (digitally through your smartphone after identifying you using Nucleus Vision’s ION proprietary IoT sensor) and politely ask if they can help you.
It’s your decision if you share your data via Nucleus Vision (utilising ORBIT, Nucleus Vision’s blockhain information exchange) using nothing more than the 3G or 4G network on your smartphone. By sharing your data you can earn nCash (a cryptocurrency based loyalty and redemption utility token) which can be redeemed with any of Nucleus Vision’s partners. You can even earn more nCash tokens by purchasing from Nucleus Vision’s partners. NUCLEUS’ goal is to connect physical businesses closer with his or her customers, through IOT sensor Technology & Tokens.
By connecting the crypto economy with physical businesses, tokens getting a true utility which is certainly the next phase in crypto adoption. The Nucleus Vision Neuron intelligence platform is an analytics engine that leverages the strength of deep learning, artificial intelligence, blockchain and Internet of Things. The Neuron platform enables retailers to take advantage of time and opportunity when customers are most receptive.
It is important to note that the data on the blockchain is immutable, and cannot be faked or modified in any manner. In its own words, Nucleus Vision is an “end-to-end technology solution that captures and provides previously inaccessible data to retailers and other ‘brick-and-mortar’ businesses through its proprietary blockchain and real-time sensor technology”. ORBIT. Blockchain is a system for transmission and storage of authorization data, transactions between the partners of Nucleus Vision and their customers. Also, she is responsible for the communication token nCash with cryptonomicon in general. Orbit blockchain is fueled by nCash Tokens which is the primary incentivization mechanism within the Nucleus Vision ecosystem.
- At the discretion of the retailer, the customer may also be awarded nCash for browsing and purchasing as incentives and loyalty schemes.
- Using this technology, potential customers who enter partnered retail outlets are rewarded in nCash—the ERC20 token facilitating the economy—and can elect to share data in a secure way with the outlet.
- Employees at the store are provided with information on customer spending habits, preferences, and other data to assist with in-store conversions.
On the surface, nCash is the foundation of the Nucleus Vision Universal Loyalty Program. However, behind the scenes, nCash is also present in the communications between retailers.
The solution that Nucleus Vision has built is currently deployed in over 10 live retail establishments and will support a valuable data network for unique visitor IDs and corresponding user data. Authorize and exchange customer data on the Nucleus Vision platform.
If customer hasn’t engaged with the Nucleus Vision network before, a request will be sent upon entering the store to share the customer’s data across the network—again to be compensated with by tokens. Nucleus Vision is the world’s first project that provides contactless identification of users through the blockchain based on IOT (internet-of-things). Retail outlets will be able to increase their income and become more customer-oriented, using personal information about the user and his purchase history.
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Upon entering a store, Nucleus sensors register the shoppers phone and prompts the crooks to share their information while using store in reward intended for Tokens. The Nucleus tokens will then be exchanged for discounts from the store. The goal this is to connect what is offline, that is walk inside customers in traditional physical stores. In spite of booming e-commerce, offline retail still accocunts for for a majority industrial transactions.
NUCLEUS’ goal is to connect brick and mortar businesses closer with their customers, through IOT sensor Technology & Tokens. Upon entering a store, Nucleus sensors register the customers phone and prompts them to share their information with the store in reward for Tokens.
The Nucleus system plans to become the largest universal loyalty program using the cryptocurrency — NCASH as bonuses. The problem of increasing sales, targeting advertising and attracting customers is always relevant.
Using this technology, potential customers who enter partnered retail outlets are rewarded in nCash—the ERC20 token facilitating the economy—and can elect to share data in a secure way with the outlet. Employees at the store are provided with information on customer spending habits, preferences, and other data to assist with in-store conversions. At the discretion of the retailer, the customer may also be awarded nCash for browsing and purchasing as incentives and loyalty schemes.
Using proprietary blockchain and real-time sensor technology, Nucleus Vision allows brick-and-mortar retailers to identify customers who walk into their store. Orbit is Nucleus Vision’s blockchain platform where customer identities, customer data, and the nCash tokens move. Orbit uses the features of blockchain to transfer the assets among the network securely and transparently. If the project somehow ends up going mainstream they cannot allows themselves to have a typical crypto price fluctuations as that would discourage all parties to use it once the value of their holdings drastically go down. They could’ve thought of a token system similar to Friendz — 2 coins with 1 pegged to a stable price and a token that is exchanged in relation to it for other services.
The Nucleus tokens can then be exchanged for discounts within the store. The goal here is to connect what is currently offline, that is walk in customers in traditional brick and mortar stores. In spite of booming e-commerce , offline retail still makes up for a majority commercial transactions. By connecting the crypto economy with brick and mortar businesses, tokens getting a real utility which is certainly the next step in crypto adoption.