Blockchain has great potential for global retail

Transparency and security are the crucial advantages of blockchain technology

Blockchain technology has been around for eight years. What’s new is that more and more industry sectors discover the advantages of this technology, as is now the case with food retailing. It is designed to optimize economic processes and grant all stakeholders real-time insights.

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EuroCIS Magazine

Retail Technology News

Digital coupon redemptions to surpass 90 billion dollars by 2022
A new study from Juniper Research has found that the value of digital coupon redemptions will surge to 91 billion dollars by 2022, up from 47 billion dollars in 2017. In-app redemptions will drive mobile channel.
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Why compliance with the GDPR is so important for retailers
Half of UK consumers don’t believe commercial organisations care about their privacy, Thales research finds, and only 6 percent of consumers trust retailers with their data. If consumers don’t trust businesses, they face far more than just fines for non-compliance with the EU General Data Protection Regulation (GDPR).
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Retailers welcome congressional focus on data security
Hearings in the House Financial Services and Energy and Commerce Committees address consumer privacy in the digital age. RILA issues a statement concerning retailer’s stance on consumer privacy and data security.
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Online shopping: Focus on convenience or security?
Many consumers in the UK are expecting fraud when shopping online. Therefore, they want businesses to heighten their security measures. A new report reveals that the merchant focus on convenience at the expense of security is a false economy.
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U.S. and EU retailers agree on common approach to new data regulations
The National Retail Federation and EuroCommerce announced an agreement to work together in developing a common approach on implementing new EU data protection regulations. The General Data Protection Regulation sets out changes to almost every area of customer data processing.
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Future Lab and ideas platform for the retail trade: the new START-UP HUB at EuroCIS 2018
Start-up companies are creative, flexible, and forward-looking. Many of them have devoted themselvesto the development of state-of-the-art IT systems and solutions in the retail trade. So what could be better suited for EuroCIS 2018, the leading trade fair for retail technology, than providing a dedicated presentation space for these newcomers?
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Self-checkouts are getting increasingly common in the retail trade
The number of outlets with self-checkouts has risen by 50 per cent within the last two years. Yet Germany is still a developing country for self-checkouts. As the market is rapidly gaining momentum, leading international suppliers are offering full range of today’s SCO solutions at the EuroCIS 2018.
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Retail’s Digital Startup of the Year award
The award honors promising new companies expected to drive digital retail forward. The digital startups could significantly improve or alter the retail industry with their innovations.
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Retailers should start developing AR apps or risk losing customers
Nearly three in four consumers now expect retailers to launch an augmented reality app within the next six months. According to new research, consumers expect to be using augmented reality applications soon.
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Customer-facing technology paves the way for digital transformation of retail
New holistic and data-driven approaches optimize personalization and shopper experience, finds the Digital Transformation team of Frost & Sullivan. Customer-driven digital transformation is of the utmost importance for retailers wanting to stand the pace.
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s.Oliver introduces digital signage store concept at the Ruhrpark Shopping Center in Bochum

Digital Retail – Motivating customers with relevant buying incentives and increasing retail store productivity

Since the end of April, the s.Oliver Group has applied a digital signage concept in its store at the Ruhrpark Shopping Center in Bochum that emphasizes an innovative sales approach to better understand its customer base. Featuring a generously sized sales floor, the fashion and lifestyle company showcases its new store design concept called “Home Story“: nine locations in the store present digital touchpoints where s.Oliver inspires its customers with short films, slideshows, and interactive contents.

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