Chapter 53: Big Data and Real Name Authentication!
Looking at the surprised expressions of the crowd, Ye Chen smiled faintly.
The Shadow Retention Stone, was a type of spiritual weapon in the Immortal Cultivation World that possessed the function of retaining shadows.
After being modified by Ye Chen, the Shadow Retention Stone became a webcam that could transmit the captured images into the Heavenly Origin Immortal Book!
to achieve an effect similar to a live broadcast.
It could also take pictures.
Take pictures of the auction items and upload the pictures to the Immortal Net Auction House.
Ye Chen threw the transformed shadow retention stone to Elder Wang.
Elder Wang studied it with new curiosity and tsked…
Meanwhile, the Foreign Affairs Elder was pleasantly surprised, ”Saint Master, this item can transmit image? Doesn’t that mean that if two Immortal Cultivators both have this item, together with the Heaven Origin Little Spirit Communicator, they will be able to video call?”
Ye Chen was delighted at his words.
The Foreign Affairs Elder was indeed able to deduce.
He was indeed a smart person.
With the Heaven Origin Little Spirit Communicator paired with the Shadow Retention Stone, one would be able to make video calls.
However, Ye Chen did not intend to do this function for the time being.
Compared to voice calls, the demand for video calls was much less.
If there was a fee, even fewer people would use it.
It wouldn’t be a profitable business.
So Ye Chen was too lazy to add this function.
But after the launch of live broadcasting, online classes and other functions, the live video function would be important.
But that was something for later.
Seeing that Ye Chen didn’t have the idea of selling the Retained Shadow Stones, the Foreign Affairs Elder was disappointed beyond measure.
However, the focus of the crowd was soon placed on what Ye Chen had said, a heavyweight live auction once a month.
“What the Saint Master means is to put those precious auction items together in a live video broadcast?”
“If our Immortal Net Auction House can catch fire as expected, the auction items that can be brought together would be the treasures of the entire Great Yan Province, and the quantity would definitely be unimaginable!”
“That’s right, countless rare treasures being auctioned at once would simply be an event that has never been seen before in ancient times. What kind of grandeur would an auction like that be?”
“I already dare not imagine! If it succeeds, how huge can we earn?”
“The Great Mystery Sacred Land’s auction house always steals customers from us, now I’ll see how they can still do it!”
“It’s not just the Great Mystery Sacred Land. The auction houses in the entire Great Yan Province are probably going to be unable to open!”
The many elders were talking, their faces filled with yearning.
Seeing that all the elders were able to figure out the benefits, Ye Chen smiled with satisfaction.
It saved him from having to explain.
So Ye Chen nodded with a smile, “It seems that all the elders have already understood the benefits of the Immortal Net Auction House, so I won’t say any more.
“However, if we want the Immortal Net Auction House to officially launch, there are still many preparations that need to be done in advance.
“And the most important of these preparations is a good transportation plan and inventory management.
“The Heavenly Origin Pavilions around the world, after determining that the items sent in by Immortal Cultivators are qualified for auction, will record the auctioneer’s communication ID and subsequently put them into inventory.
“Every night, the Heavenly Origin Pavilions around the world will uniformly send the hosted auction items to the Sacred Land, where they are photographed, put up for bidding, and assigned product numbers…
“And after a guest puts the item up for auction and pays for it, we will be designating the Heavenly Origin Pavilion that will pick it up.
“The warehouse managers of the Sacred Land must have the products out of the warehouse that night and unify the transportation to ensure that they can be delivered to the Heavenly Origin Pavilion where the customer chooses to pick up the product the next day.
“Of course, these are the rules of transportation for ordinary auction items, which are guaranteed to be delivered the next day after payment.
“And if it’s a precious treasure or a spirit object valued at over five hundred upper-grade spirit stones, we guarantee delivery within three hours!
“I’ve calculated that from our Sacred Land, traveling to any Immortal City through the Immortal City’s teleportation array can be guaranteed to arrive at any Heavenly Origin Pavilion within three hours.
“Secondly, transportation safety should also be emphasized.
“In order to ensure transportation safety of these treasured items, a graded transportation mechanism should be established.
“Those exceeding a thousand upper-grade spirit stones in value need to be personally and individually distributed by an Elder of the Nascent Soul Realm.
“And above one hundred and below five hundred, it will be distributed by a Golden Core Realm head deacon or an elder.
“Those below one hundred spirit stones are transported in bulk every day!”
Ye Chen slowly said his requirements and vision for logistics and warehouse management.
When the crowd heard this, they all nodded with unrivaled approval.
The Saint Master was simply a god.
Knowing everything about everything, he could casually speak out perfect and incomparable plans.
Seeing that the elders had no other opinions, Ye Chen then spoke of the second thing, “Secondly, for our Immortal Net Auction House’s first video auction, we must ensure that there are enough auction items. All of them must be rare treasures.
“Only then can we attract the attention of the entire Great Yan Province Immortal Cultivators and become a hit!”
The elders all nodded as they heard this.
It was this reasoning.
After all, no matter what the mode of the auction house was, the most important thing was the auction items.
Whether or not the auction items were attractive enough was the key.
“We take out some treasures from the Sacred Land’s treasury to auction, such as an Immortal Peach, as well as some top-notch treasure weapons, heavenly materials, top-notch spell formations, top-notch materials, and so on to serve as auction items…
“Our Sacred Land also has its own auction house. Contact those customers and persuade them to put their treasures up for auction at our Immortal Net Auction House.
“They might initially be distrustful, a little hesitant, worried that they won’t be able to sell it for a good price, and so on. We can set a guaranteed price for the first batch of customers, and if the auction price doesn’t reach the guaranteed price, our Heavenly Origin Sacred Land will make up the difference!
“Those forces that took on our OEM orders can also be contacted. I believe they won’t be unsupportive!
“In short, make sure to make the lineup for the first auction a grand spectacle like no one before or after!”
The crowd nodded immediately after hearing this.
The Sacred Land had a rich heritage.
The treasures kept in the treasury were unimaginable to the outside world.
The family took out some suitable treasures for auction, plus those collected from the outside world.
It was enough to ensure the fulfillment of Ye Chen’s requirements.
“The last point that needs to be prepared is the issue of bidding qualifications.
“For the first online video auction, none of the auction items are precious and incomparable treasures.
“That’s why it’s necessary to raise the requirements for the bidders. It’s impossible that anyone with a Supreme Little Spirit can participate in the bidding.
“If there are haphazard offers and the sky-high prices are quoted, but no one pays, then our auction will become a joke.”
As soon as Ye Chen spoke, the faces of the elders became serious.
This was indeed a problem.
If this situation that the Saint Master was worried about happened.
Then the auction that was fully prepared by their Sacred Land would become the laughing stock of the entire Great Yan Province.
It was useless to prepare auction items that were just grand.
All the elders looked towards Ye Chen.
They believed that their own Saint Master must have a solution.
“My solution is real-name authentication, plus paying a deposit!
“Those who want to participate in this bidding need to have their faces photographed at the Heavenly Origin Pavilion to record their identity.
“Secondly, it was to pay a deposit of fifty top-grade spirit stones.
“Regardless of whether one participates in the bidding or not, one can go to any of the Heaven Diffracting Pavilions to return the deposit after the auction is over.
“However, if there is a situation where the offer is sold but no payment is made.
“The deposit will be deducted in full as compensation to the owner for being teased. Secondly, the person will be put into the blacklist of the Little Spirit Communicator service.
“The Little Spirit Communicator is bound to the Divine Sense, and once blacklisted, the person will not be able to use it again even if they get a new Heavenly Origin Little Spirit Communicator.
“Together, these measures should be enough to put an end to indiscriminate offers without payment.”
The elders nodded their heads as they listened.
However, there was some confusion.
The margin model was easy to understand.
In the Immortal Cultivation World, some large-scale auctions had to confirm that the bidders had enough spirit stones, or proof of cultivation, or that they were from a major power.
Only then were auction invitations issued.
And the deposit, as a threshold, was enough to stop many penniless Immortal Cultivators from causing a mess.
But what was real-name authentication?
And taking pictures?
Completely incomprehensible!
“Real-name authentication records the guest’s gender, identity, cultivation level, and other information, and binds it to their communication id.
“And there are many benefits of the real name system.
“First of all, our Immortal Network Auction House will inevitably have hundreds of thousands of auction items on the shelves, and it’s too troublesome for Immortal Cultivators to flip through the pages and look for what they need for a long time.
“The big data recommendation function I designed can prioritize the display of the items they are most likely to bid on and are most interested in on the homepage based on the customer’s gender, identity, or cultivation level!
“For example, if the customer is in the Golden Core Realm, then the homepage of his Immortal Net Auction House may display pills that are useful to Golden Core Realm practitioners, or precious materials, or infant-breaking pills or something like that…
“And if the customer is at the Foundation Establishment Realm, then what’s displayed to him is some special spiritual weapons, or the secret method of becoming a Golden Core Realm, or divine elixirs that enhance the chances of breaking through the Golden Core Realm and so on…
“The same goes for the Qi Refining Realm.
“This way of displaying a thousand relevant items is undoubtedly something that can greatly increase the likelihood of users bidding.”
The elders’ eyes widened once again…
Immortal Net Auction House even had such a magical function?
Recommending different auction items based on the customer’s gender and cultivation level?
It was simply unbelievable.
Looking at the shocked expressions of the elders, Ye Chen smiled faintly.
This was actually just the most basic usage of Big Data.
In the future, after he had perfected the big data recommendation algorithm even more, one could even determine if a customer’s cultivation level had broken through based on the treasures they browsed and the things they purchased.
Was there a dao companion?
Whether or not they were injured while exploring outside.
In order to recommend suitable things, the significance of algorithms and big data was far more than just being able to help the Heavenly Origin Sacred Land make more money.
With a huge database, it meant that the Heavenly Origin Sacred Land had the identity, cultivation level, and power of every cultivator who used the Little Spirit Communicator.
If one day, they went to war with the Great Mystery Sacred Land, then as long as someone from the Great Mystery Sacred Land used a Ultimate Little Spirit Communicator, they would be able to easily learn the location of the Great Mystery Sacred Land’s strongest people through the Immortal Artifacts.
They would also know many strong people were in this place and what cultivation level each strongman was at.
Even the identity information of each strong person, the weapons they used, and the dao they specialized in.
There was such a sufficient amount of information and data to support the recognition,
There was no need to say who would win and who would lose in such a war.
Earth’s big data algorithms could only be used to make money on Earth.
But in the immortal world, it had a much more enormous role.
And having a perfect big database was enough to ensure that the Heavenly Origin Sacred Land could easily solve many complex situations…
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