What Is Shping (SHPING)?

SHPING is a unique cryptocurrency that works on the Ethereum platform. According to the whitepaper, the Shping platform is driven by Ethereum smart contracts, the next-generation blockchain protocol, and handles product traceability with the help of hyperledger and GS1 standards. Hyperledger Fabric is an entirely customizable architecture-based infrastructure for distributed ledger functions that offers high levels of security, scalability, robustness, and customization. GS1's global identification and structured data standard enable blockchain network users to expand enterprise adoption and maintain a single shared version of supply chain and logistics events, increasing data integrity and trust between parties and reducing data duplication and coordination. 

The Shping platform is a different self-service, shopper e-commerce system. As mentioned in the whitepaper, the way digital advertising platforms are utilized to impact sales online, Shping allows the brands and retailers to advertise to consumers during in-store shopping examples. However, unlike advertising platforms, Shping encourages brands and merchants to conduct their marketing budgets into awarding the customer straight for their engagement and attention instead of spending enormous sums on the media gigs. Hence, the strategy becomes a win-win situation for the businesses and the customers who purchase their products.

The platform aims to achieve the four pillars, which are:

1. To create the world’s leading global product database via blockchain invention. The database constantly updates brands and consumers who receive incentives to access, add to, check, and confirm information about the products obtainable in the market. 

2. To offer complete traceability of the supply chain for customers, brands, traders, distributors, and governing agencies to check whether the given product is reliable, genuine, and meets the standards. 

3. To offer incentives to consumers for assessing the quality, genuineness, and practicality of the products users purchase.

4. To let brands, merchants, and organizations give rewards to consumers for engaging with them in a non-disruptive and customer-driven way to foster brand loyalty and reputation.

The Shping coin aims to grow into a renewed token of exchange that rewards customers, brands, merchants, and associated enterprises to come together and make a safer and wiser way for buyers to shop and convey information regarding the products in the market.