The problem manifested through traditional exchange of business cards which stems from the initial point of exchange to the final storage of contact credentials. Traditional business cards despite their prevalent use; has its own limitations and pain points.
Specifically, there are three main sources of pain for users, including:
1) Need to always carry a large stack of business cards.
2) Manual process of inputting and organizing contact information to a device. Often times, after the process of contact exchange, business cards pile idly in card files.
3) Obsolescence of paper business cards when information is updated.
The pain of business cards being magnified in large scale networking events where the number …show more content…
The potential market for Oneconnec is considerably huge, which are all people who want to exchange contact information during an arranged B2B or B2C event. The total addressable market for the paper business card industry was 3$ billion in 2012.
Oneconnec targets companies that organize networking events and operate in the fast growing cosmopolitan markets in Asia, North America and Europe. Our target market is calculated through the revenue from the business card market in the US ($211 million) times the city population (Singapore) in the target market divided by the population in the US. (211*(X/319) =target market).
Business model canvas (figure 2) discusses on the key elements of Oneconnec.
• The key activities, resources mainly the material cost of integral technologies embedded within the device and the cost of production. The key partnership with LinkedIn for initial stages is mapped into the canvas. The users can synchronize their LinkedIn profile to the mobile platform. Once critical mass is reached, a customized network will be …show more content…
Data exchange is carried out in mode of not contacted induction. Using solar energy as power supply, the digital card-reading manager in not contacted type is an exchanging intermediate device. The card-reading manager demodulates the received radio frequency wave so as to obtain information, and then stores the information in memory. Through blue teeth, infrared communication, USB interface, 1394 interface, the said information is transferred to PC, personal data processor or mobile phone or handset. The invention includes RFID digital business card, RFID digital card-reading manager. The card includes a microprocessor chip powered by solar energy. The said manager includes a microprocessor possessing function of send receive in use for reading information of dada stored in the business card (quoted from google patent