Spl.yt Announces Participation in RISE Event BETA Program

Spl.yt, an e-commerce blockchain protocol that serves as an infrastructure to create a public global inventory system and affiliate network, has been chosen to take part in the RISE event's BETA program in Hong Kong, June 9th to June 12th. RISE is produced by the team behind Web Summit, Europe's largest tech conference. For the selection process, RISE conducts a round of voting in which growth potential, impact, product and team, pitch quality, and "cool factor" are all taken into consideration. Spl.yt Co-Founders, Cyrus Taghehchian and Jason Civalleri, will host an exhibition booth on July 11th. The booth will include interactive demos of the Spl.yt Alpha, showcasing a globalized inventory on the blockchain.

In the current e-commerce landscape, sellers must manually update listings across multiple marketplaces while buyers must search multiple marketplaces for product availability and best prices. The Spl.yt protocol enables a globalized inventory in which listings are shared across marketplaces and automatically updated when items are purchased.

"We believe in providing a technology infrastructure to help anyone who buys or sells things online to save time and money without expensive intermediaries that currently dominate the industry," says Spl.yt CEO Cyrus Taghehchian. "We aim to support online retailers' efficiency in the way they market, sell, and operate. We are excited for our blockchain-powered foundation to drive a new e-commerce system that will reduce the prices of everything you buy online without hurting retailers' bottom line. We are honored to participate RISE's BETA program and are excited to share the Spl.yt mission with the region and the greater startup community."

About Spl.yt
Spl.yt Core Foundation, a Science Blockchain-backed nonprofit operating out of Santa Monica CA, is an open-sourced smart contract-based e-commerce protocol that will support the foundation of a more efficient, transparent, and secure e-commerce system. Spl.yt will help buyers and sellers save time and money by removing middlemen functions and services through decentralizing the e-commerce stack. Spl.yt's top smart contract capabilities include an automated global inventory system, fractional asset ownership and management, inter-marketplace reputation tracking, fair dispute resolution system, and automated affiliate marketing rewards. All of these features are powered by the blockchain, assuring anyone who buys or sells things online that they will have the most fair and efficient e-commerce experience possible. For more details, please visit https://www.spl.yt/.

About RISE
RISE is produced by the team behind Web Summit. In seven short years, Web Summit has become Europe's largest tech conference which last year attracted 59,000 attendees from 160 countries around the world. In July 2018, people from the world's biggest companies and most exciting startups will come to Hong Kong to share their stories and experiences. They'll be joined by major global media, hundreds of investors and thousands of attendees for three days of unparalleled networking.

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