Unveiling OBIZCOIN – The Smart Process Bot Based on Blockchain and AI

Bots are applications of artificial intelligence created to make daily tasks easy, particularly those that are repetitive in nature. They help in handling simple tasks (sometimes complex) that otherwise would be a drain on your resources, saving you energy, manpower and time. They have the added advantage of being swift in executing assigned tasks. There has been a recent surge of their application in different fields. In businesses, bots have found common uses such as in customer service (i.e. taking inquiries, booking reservations, responding to emails, and providing useful information to customers), advertising, taking surveys, processing and execution of smart contracts, etc.

Creating a Smart Process Bot with OBIZCOIN for Businesses

Starting a new business or running an existing SME (Small and Medium Enterprise) is often a daunting task. One has to handle a lot of distinct (but inter-dependent units) such as leadership, teams, cash flows, communications (internal and external), systems/processes, legal as well as product itself. It is estimated that 80 percent of startups and SMEs face challenges in managing their businesses. According to a report by Fundivo, less than 50 percent of all startups survive the first five year of its operations. Much of these problems arise because the internal processes do not interact with each other. Highlighted below are a few factors that affect the success of startups and SMEs:

  • Poor domain knowledge
  • Weak delegation caused either by a break in internal communication or expertise
  • Manual processes which is often a direct result of poor technology
  • People-dependent rather than having a system-dependent process
  • Dissatisfied customers because products or services are not efficiently delivered

These processes can be automated to improve efficiency and success rate. OBIZCOIN (‘O’-BIZ for Organized Biz) aims to achieve this by developing a Smart Business Process Automation BOT based on Artificial Intelligence (AI) and blockchain technology. Business owners are often faced with the task of handling multiple job profiles such as logistics processes, legal processes, HR processes, account processes, sales processes, and purchase processes with limited time resources. This is particularly true for small businesses and startups with the resultant negative impact on efficiency. There are less resources devoted to evaluation or monitoring actual performance. Also, lack of domain expertise can lead to making wrong decisions that could be detrimental to survival of the business in the long run. This is where OBIZCOIN plans to act as a game changer through the application of AI and blockchain. OBIZCOIN is a smart knowledge bot that intends remedy any domain knowledge deficiency prevalent in most startups and SMEs. The OBIZCOIN team believe it can achieve this as it is a product of an already existing platform that provides business process consultancy services – Your Retail Coach consultancy.

OBIZCOIN, through its knowledge bot (OBIZCOIN Bot), will provide the following services to businesses:

Business Process Development – The OBIZCOIN bot will provide the needed expert domain knowledge, design efficient business process, align teams to the processes, delegate tasks based on the bot system and monitoring team’s performances as well as rewarding them as per their performance. The OBIZCOIN bot will basically act as a virtual CEO. The OBIZCOIN bot will analyze the reports and present management with solutions that best suit the organization. This is something that is absent in other bots.

Operational Risk Assessment – Often, while making any sort of business decisions, the only data available about that organization is the financial data. With the development of OBIZCOIN BOT, business owners and investors will have the access to an organization’s real-time operational health which will help them analyze their businesses better and take corrective actions to improvise their business processes. Investors can have a better understanding of the real-time operational health of the businesses they wish to invest in.

OBIZCOIN Token Sales and Token Utility

The OBIZCOIN will be the utility token to be used in the OBIZCOIN ecosystem. It will avail users the following services in addition to others:

  • Operational Risk Score Analysis and other such services
  • Access to OBIZCOIN DAPP Platform
  • Third-Party tie-ups
  • Reward to developers & the technical team for developing & upgrading the platform
  • Using tokens to avail vendor — partner products and services
  • Incentivizing employees / associates

The OBIZCOIN team currently offering individuals the opportunity to partake in the sales. Details of the offer are below listed

Date: 29/01/2018–14/03/2018
Pricing: 1 ETH = 10000 OBZ tokens

Hardcap: 15 million USD
Softcap: 1.5 million USD

It will be available for sale at: https://www.obizcoin.io/#ico

To view the white paper, visit: https://www.obizcoin.io/images/Obizcoin-Whitepaper.pdf


Contributed by: Matthew Imuetinyan

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