mozo-is a project that operates in retail business

Agustus 01, 2018

Mozo is a leader in Indoor Positioning System (IPS) technology, having successful results with leading Chinese mall operators, Wanda Group and ° 361, one of China's leading athletic apparel retailers. The strategic partnership with Chinese industry leaders Wanda, Suntec Singapore and DCG Korea, put Mozo on the forefront of the retail industry in Hong Kong, China, Singapore and Korea. With 38,000 already committed to implementing Mozo, we up to 300,000 places will implement Mozo for the next three years. Our goal is to become No. 1 block token for the global retail market.

What is MOZO?

Mozo works by using a "smart contract" associated with retail activity. This smart contract is made between smartphone resellers or IOT devices (such as beacons) and smartphone consumers when they detect their respective devices. Smartphone retailers and consumer consumers can receive and process transactions under consumer orders. In other words, the Mozo contract is a user-generated transaction that transfers control commands between user devices, user users or system users. Therefore, we make intelligent contracts in which smart contract objects to process transactions in the blockchain network.

How does Mozo work?

Mozo works by using a "smart contract" related to retail activity. This smart contract is established between a smartphone retailer or an IoT device (such as a Lighthouse) and smartphone consumers when they detect devices with each other. Consumer smartphones and smartphone retailers can receive and process transactions under consumer command. In other words, the Mozo contract is a user-created transaction that transfers command controls between user devices, users, or user systems. Therefore, we make a smart contract in which the smart contract object is to process transactions on the blockchain network.
Before using Mozo, users and devices are registered with the Mozo system and blockchain network through authentication procedures. In case the device (such as Beacon or Sticker) is difficult to enroll by itself, the administrator must then first identify the device's unique ID (UUID) and register the device. Thereafter, the Seller retailer must connect the device with the product that the retailer wishes to sell. The method for identifying a Beacon or Sticker device is to use a Bluetooth scanner, which will return the device's unique ID. However, if this does not happen, the tool must hash unique response information so that the device can be automatically disconnected from the blockchain network and reported to the administrator whenever it has been tampered with. This is to protect the interests of consumers and retailers
Mozo offers retailers and operators the ability to control stores and increase their pedestrian traffic. By giving Mozo signs as a gift for access, browse (open) and buy, customers will get an incentive to go where you guide them. Customers can obtain a Mozo card and convert them into transactions, discounts and promotions. Mozo-based utility signs that run on the Ethereum network. This means that the value out of the Mozo app, coins can be used not only in certain stores but also traded on well known trading platforms.

Distribution token

Mozo Token is a sign of the ERC-20 utility, which operates on the Ethereum Blockchain network. Mozo signs will be used by stores and place operators to reward Customers who will in turn collect and redeem them for transactions, discounts and products. There will be a total supply of hats from the signs of Mozo 5 billion, without further publishing or forming a Mozo Token in the future.

The project has partnered with industry leaders as Wanda and 361 ° groups to participate in the retail industry in Hong Kong, China, Singapore and South Korea. Mozo has more than 38,000 websites to do, but the project team will not stay there and will increase to 300,000 in the next three years. The project has the opportunity to become the best blockchain project of the global retail market.

As a result, I would like to add that the project will work as it has been deployed to be 26 million dollars in the first two weeks of personal selling. The team set a target to raise 88 million.