We are introducing a full-scale investment platform. We have studied the online retail market and arrived at the conclusion that all online retail sites are inherently identical and very far from perfection.
Based on the blockchain technology, we have developed our technology, piloted it in online retail environment and received excellent results. Our tests have shown that all services may well run as usual with a 30-50 percent fewer staff and 30-45 percent reduced time of operating processes. Summary economic analysis has shown that our solution will allow online retailers to save 30-50 percent of their budgets on maintenance and servicing, which in the case of an Amazon-scale company translates into multibillion savings.
The piloting results were presented to online retail leaders. And we have reached an agreement with a few regional online retail chains on pilot implementation of our technology in their operations and launch of Vincoin cryptocurrency for payments and bonuses on their online retail sites.
Our experience in software development gives us confidence to believe that we will successfully implement our product into online retail and it will surpass all similar solutions currently existing in the world.