Tyme to Fix L-Commerce
Local Commerce (L-Commerce) needs help to compete with E-Commerce.
You have probably heard many claims about revolutionizing commerce. We did a bit of that at Revel Systems, a company that remains a leader in Point of Sale by working with both some of the largest enterprise chains and tens of thousands of small and midsize businesses. We know what it takes to build, deploy, and support a new technology platform, and we believe that we can reinvent mobile commerce by decentralizing the shopping process and leveraging consumer mobile phones in new ways.
Tyme Commerce plans to customize the shopping experience for both merchants and consumers, reduce omnichannel technology fragmentation, enable consumers to transact on their own terms, and give Brick & Mortar merchants an advanced technology platform to once again compete effectively against Online Commerce. Additionally, we plan to deploy a universal Loyalty platform built on Blockchain.
Convergence of Commerce and Data
We plan to build Tyme Commerce as a hybrid commerce & data company. We expect that Tyme Commerce will initially plug into the existing point of sale infrastructure of SMBs and Enterprises and help them run better, faster, and more profitably. For example, merchants could have the power to drive traffic into their stores during slow times by offering higher loyalty incentives priced in cryptographic tokens. Plus, lines in stores have overworked cashiers and may become obsolete as consumers buy and pay using their phones and the merchant is just left with filling the orders. So Tyme Commerce is starting out by being a commerce company.
But we also expect to increasingly become a data company. Imagine if merchants and supply chain vendors could receive real-time information about product demand and consumer preferences - what would that data be worth to the industry? And imagine if the consumers could purchase their favorite food and retail items locally, using variable pricing, while maximizing their rewards, helping local merchants in their own communities, and decreasing the carbon footprint and ecological impact of long-distance commerce. We believe that the value of this data and the benefit to the industry could eventually exceed the revenue from pure commerce.
Meet Emily: Your AI Commerce Assistant
Emily, your personalized AI assistant, will learn about your likes and dislikes and will customize your experience at restaurants and retail stores. Emily will automatically choose your favorite coffee, skip the mayonnaise, find that rye bread you crave on Sunday nights, and help expedite the ordering process whether you're dining in, picking food up, or waiting for a delivery.
Are you seeking a low-carb diet to manage your weight? Do you only eat organic foods? Are you a chocolate lover? Are blue shirts your favorite? Do you prefer Chevron or Shell gasoline and you are OK driving another 5 minutes to save $5 when you refill your gas tank?
You could tell Emily to find those preferences for you, but you don't have to - Emily will learn those preferences and will find them for you seamlessly without you having to even think about them, helping you find a shorter line, a cheaper price, and a restaurant where you will enjoy yourself more.
TymeCash: Deploying Blockchain and Cryptographic Tokens
We believe that Blockchain and cryptographic tokens will play an integral part within the Tyme Commerce platform. As an enabling component of the Tyme Commerce business model, we expect to deploy a cryptographic token using a Blockchain platform layer.
The cryptographic token will be denoted "TymeCash" or "TymeCash Units" or "TCUs." We anticipate that TymeCash cryptographic tokens could serve as a currency for products, services, and data, and could act as a loyalty mechanism to incentivize consumer and merchant adoption.
The Tyme Commerce platform will facilitate consumer purchases from merchants and transactions among other entities operating on the Tyme Commerce platform, and such transactions could be priced in TymeCash or may generate credits or debits denominated in TymeCash. In other words, we expect that TymeCash could act as both a loyalty and incentive mechanism and as a currency that can be used to pay for transactions within the Tyme Commerce platforms. Dynamic pricing and variable incentives may be easily adjusted using TymeCash based on AI rules and real-time marketplace data. For more information about our thoughts on TymeCash and Blockchain, please read our white paper.
Let's Fix Commerce Together
We think we can fund Tyme Commerce pretty quickly through a traditional Venture Capital or Private Equity firm, but we want this company to be different from the beginning. Consequently, we're looking to the consumers and merchants who may benefit from the deployment of Tyme Commerce, and we are inviting you to consider participating in this Wefunder campaign.
Excited? So are we! Join us on this trip and help us revolutionize commerce!
/ Bobby and Marius /