The new generation of Imigize Service

Imigize announces the release of the second generation of a contactless shoe fitting service for online shopping.

On a test group of users, the new release of the algorithm showed high accuracy of recommendations, significantly exceeding the results of the previous generation of the algorithm.

An important innovation is that the new generation of the service is able to distinguish the materials from which the shoes are made, which allows us to show more correct recommendations.

This level of accuracy of the virtual fitting opens up great opportunities for the online sale of shoes and clothes.

For registered users, the service can significantly save time in the store, immediately recommending a suitable shoe size. The user can check the availability in the shoe store of the size he needs and go already for a guaranteed purchase.

For online purchases, the Imigize service offers the class more precise recommendations for the size and comfort of shoes (based on data on the internal 3D volume of shoes and 3D models of the user’s feet) than attempts to predict the appropriate size based on previous purchases of other brands.

Over 12 months of intensive work, the team has significantly improved the methods of measuring shoes and feet of users, significantly redesigned the architecture of the algorithm and AI (Artificial Intelligence) modules.

In addition to higher accuracy of recommendations, the speed of the algorithm increased 4 times.

So for a new user, the time after scanning feet using a scanner or mobile application (Beta version) before showing a recommendation for a suitable shoe size is less than 30 seconds.

For an already registered user with previously made feet scans, recommendations of a suitable size are displayed immediately in real time.

The second generation of the algorithm takes into account a wider list of comfort parameters, all types of shoes with laces and low-heeled shoes without laces, regardless of the materials of manufacture.

Imigize’s first customers in mainland China

As part of business development in mainland China, Imigize representatives held successful cooperation negotiations with Mark & ​​​​Spencer, Otto-Quelle Group, MTS Global.

The parties showed a vivid interest in cooperation with the Imigize branch – Imigize Shenzhen (China), the opening of which is scheduled for the 1Q 2019.

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The Imigize branch in Shenzhen is a business development of Imigize project, in addition to the existing operational business in Eastern Europe.

Cooperation with Imigize Shenzhen will allow brands connecting the manufactured range of shoes (further clothing) to the contactless fitting service immediately after production.

The close location of the production enterprises of the clients and Imigize Shenzhen allows reducing logistics costs and connection time to the fitting service.

Thus, the new collections of fashion products will be available for virtual fitting even before the product gets on the shelves of stores and warehouses of online retailers.

Cooperation with Imigize will allow customers to significantly reduce returns of not fitting footwear and the resulting transportation expenditures, as well as increase the flow of online shoppers.

Digitized shoes in China will be available for contactless fitting service provided by Imigize for all members of the distribution networks of these brands and end customers around the world.

Marks & Spencer (M & S) is the largest British manufacturer of clothing and footwear, 43rd in the list of the world’s largest retailers. The company owns more than 885 stores, of which 600 are in the UK, and the remaining 225 are in 40 other countries. M & S revenue in 2018 was £ 10.7bn.

The Otto Group, or Otto GmbH & Co KG (formerly Otto Versand), is a mail order company and currently one of the world’s biggest e-commerce companies. It is based in Germany and France and operates in more than 20 countries. In France Otto claims to be the leading e-commerce business through 3 Suisses. Otto Group brings together more than 300 brands. The company’s revenue in 2017-2018 from E-commerce amounted to EUR million 7,880

MTS Global provides quality and compliance certification. Company offices are located in 16 countries. Giants such as Amazon, Gap are among the company’s clients.

Imigize at MICAM Milano

Representatives of Imigize held working meetings with European shoe brands during a visit to the footwear industry’s leading international trade fair MICAM in Milan on 16th -19th of Sept.

MICAM is the landmark event for footwear industry professionals from all over the world.

The fair occupies an exhibition area of about 63.000 square meters and plays host 1.300 companies each edition, of which more than 600 are international. Together they represent over 30 different countries.

The visit to Milan showed the openness of European manufacturers to innovations.
The producers and brands from Italy, Portugal, Great Britain expressed interest in cooperation with Imigize.
During the meetings, the question of the opening of the European Measurement Center in Italy was discussed, as part of the creation of a joint venture – Imigize Italy.

The parties decided to continue a more detailed discussion of all aspects of the development of partnerships: signing of Memorandums on mutual understanding and cooperation, launching pilot versions of integration with the Imigize service.

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New calendar of events Imigize TGE

Dear investors and everyone who supports Imigize.

The Imigize project has come a long way, and we have achieved extremely positive results, both in business development and in working with investors.

We are working on the launch of the first Measurement Center in China and by early 2019 we will begin work with Chinese footwear manufacturers. This will allow us launching the Imigize service on the Chinese and US markets.

We are actively working with Russian top online retailers, constantly increasing the customer data base of the service.

Working with European footwear manufacturers and opening of a Measurement Center in Europe are in the process of negotiations.

We can see that the Public Sale does not bring significant financial results for the crypto projects of late so we shift focus to work with institutional investors.

We are creating a syndicate of funds interested in investing in the Imigize, and planning a big advertising campaign at events to promote the project in the crypto community.

Based on the latest results of activity, we prepare the calculations of the economy of the token and are ready to provide these documents to interested in cooperation funds.

As a guarantee for our investors we are launching the process of registering our token in accordance with SEC USA requirements.

In this regard, and with the approval of our advisers and current investors, we are reporting the postponement of the timing of the TGE Imigize.

Below is the new time line:

Private sale Round 1 10 September – 31 December 2018
Private sale Round 2 2 February – 3 April 2019
Public sale of tokens (TGE) May 5, 2019
Post TGE after 5th of May 2019

Follow our news!

Imigize enters the Chinese market

Imigize has presented the technology of contactless fitting to participants of the 7th International Global Footwear Sustainability Summit on August, 27-28 in Shanghai.

Representatives of global brands, leading Chinese manufacturers, participants of supply chains, sustainability organizations have gathered within the framework of the Summit.

Mike Tchernik, Managing Director of Imigize Hong Kong office, has made a presentation about prospects for contactless footwear fitting. During a 30-minute speech, such topics as innovations in the footwear industry and prospects of development were discussed.

The Imigize contactless fitting technology presents new possibilities for the development of online footwear trade and creates the base for the transformation of the whole footwear and clothes market by transferring most of it to the Internet.

The Imigize service based on the blockchain technology provides and  guarantees the security of users’ anthropometric data and databases of each online store.

The Imigize platform creates a new ecosystem on the online market where all participants, customers, sellers, manufacturers can exchange freely the data on items fitting degree and comfort level.

During the Summit, the participants were able to test the Imigize technology  and evaluate the precision of the contactless fitting system on footwear produced by Anta Sports Products Ltd.. 

The Imigize service sparked the interest of the participants. Negotiations were  held with several global brands with a purpose of formation of contracts on the partnership with Imigize Measurement Center in China.
The launch of Imigize Shanghai Center is scheduled for the 4Q of 2018.

Imigize Project Road Show in New York

Yesterday the 1st of August the Presentation of the Imigize project was held in New York NASDAQ studio.

Valery Chernik, CEO Imigize, Sergey Gavrilyuk, COO Imigize, Mike Chernik, Chief Strategy Manager at Imigize and Sean Brizendine, USA advisor of the project took part in the presentation.

Representatives of the Imigize Project talked in a video interview with Jane King, anchorperson from Bloomberg about the actual problems of the online market of clothing and footwear, how Imigize is able to remove these pain points for customers and online retailers, the prospects of the transformation of the entire market of footwear and clothing and the transition of most of it to the Internet, thanks to technology of contactless fitting.

Imigize Project invited American accredited investors to participate in the development of the project, announcing the plans to launch the contactless fitting service in the US in the2Q of 2019.

All the current week will be dedicated to the Road Show – numerous meetings with potential investors of the Imigize project.

New Video

In the framework of preparations for our trip to New York, USA (28th of July -5th of August) aiming to record an interview at NASDAQ and meet with Imigize Investors, our team is releasing a series of videos about the IMIGIZE project.

Prof. Valery G. Chernik , CEO Imigize in the first video presents the project Imigize Service Blockchain and its role in the 4th industrial revolution.

We are often asked why we use blockchain technology in our project. In the second video, Prof. Valery G. Chernik answers the question.

Shortly “Ask me anything” series of videos with participation of other Imigize Team members will be available.

Are customers willing to share their 3D anthropometric data? If yes, under what conditions?

Modern technologies make possible creating high-precision 3D models, including precise reconstruction of the bodies in 3D.

The precise 3D reconstructions open good prospects for further industrial application of the data, for example in the automotive industry (comfortable seats), medicine (creation of prostheses), production of the goods for the sport.

Clothes and footwear industries are very interested in using personal anthropometric data. These are huge markets with an immense variety of goods. According to Statista the United States footwear market turnover by 2022 will be US$32,153B and the US clothes market is expected to amount US $363,73B.

However, collecting and storing users’ 3D anthropometric data contains a hidden complexity.

Continue reading “Are customers willing to share their 3D anthropometric data? If yes, under what conditions?”

Update of the Whitepaper and the new concept of the Imigize token.

The work on blocking technology in the online sale of shoes and clothing has allowed us to take a fresh look at the function of the token and its purpose in the global ecosystem of Imigize.

The initial functionality of the Token Imigize (IMGZ) was limited to the function of a means of payment between the online store and the IMIGIZE service and was less of an interest to ordinary shopper of footwear and clothing using fitting service.

Having redesigned the concept of Imigize token (IMGZ), we endowed it with the function of stimulating the interaction of clothing and footwear manufacturers, online retailers and buyers. Now the token will be interesting not only to online shops, but also to ordinary buyers.

Token Imigize (IMGZ) is used by online stores as compensation to the shoppers for access to his personal anthropometric data and the comfort profile. The buyer, receiving Imigize tokens (IMGZ) applies them as a discount when buying clothes and shoes in any store connected to the service Imigize.

The buyer, having received tokens for creating and entering their anthropometric data into the blockchain (for example, by scanning their feet), can be guaranteed to exchange them through Imigize Service Blockchain for a cash discount for the next purchase. In addition, the buyer receives tokens, agreeing to receive a personal mailing from online stores in the form of recommendations for models of shoes and clothes, selected personally for him on the basis of the criteria of individual comfort.

More details about the updated concept of the token can be found in our whitepaper.

NEW Short Pitch deck:
NEW Whitepaper: