BuyAnyLight (BAL), a Dubai based light sourcing company with shared origin from Almani Lighting Gmbh, Germany, has recently launched its online platform. The platform allows buyers — private homes, consultants, contractors, architects and project owners — to submit their requirements and acquire quality LED products at competitive market pricing.
The BAL platform innovates the way the existing market players i.e., consultants, contractors, and project owners to procure LED lighting products by making the process seamless, efficient, and trustless. It harnesses the power of blockchain, AI, Big Data, and Smart Contracts, ensuring that both buyers and sellers are protected.
Explaining the BAL platform, Mr. Johannes Eidens, the founder, and CEO was quoted saying, “My half a decade of experience with the LED lighting industry presented various issues that need solutions. One of the problems is the lack of trust between buyers and suppliers; another one is the hectic and expensive payment process. A major problem is also the non-transparent nature of logistics and supply chain process which often results in delayed shipments and defective products.” Explained Mr. Johannes
“Moreover, the involvement of intermediaries adds to the overall costs. Buyers also have difficulties understanding the LED product they need. They do not know the correct product specifications and the chances of getting pricey and the wrong LED products are high” Mr. Eidens continued.
These real-life problems led to the birth of BuyAnyLight, which uses blockchain, smart contracts, AI, and BigData to ensure the trustless execution of LED light sourcing at competitive market rates.
“The BAL Platform enables traceable logistics by harnessing the power of blockchain whereby all delivery activities right from the manufacturer to the end consumer are recorded on a transparent blockchain. In addition to that, we eliminate the role of banks and payment processors by enabling peer to peer, almost instant payments enabled by BAL Token.” Mr. Johannes explained.
Mr. Martin Heyen, who is co-founder and CFO, said, “It is imperative to mention that the BAL Platform has already been developed and is available for usage on our website. So, unlike traditional startups that are selling dreams, we have utilized our own resources, time, and efforts for the last one and a half years to develop a fully operational platform. It is now time for the community and the angel investors to support and help us grow and scale further. Together, with the support of the community, we are confident that the BuyAnyLight Platform has the potential to disrupt the global LED industry, a 112.5 Billion Dollar industry within the next five years.”
The BuyAnyLight Platform is currently holding a Pre-IEO Token-Sale, whereby it is allowing small and medium ticket investors to participate within the fundraising process, starting from a minimum ticket size of USD 50. To participate in the token sale, a respective investor needs to purchase BAL Token, which is the native token of the BuyAnyLight financial ecosystem. During the private sale, the price per token is USD 0.25, while within the IEO, the token will be offered at a price of USD 0.3030. This means that the Pre-IEO investors will get a 17% discount on the IEO price, which is scheduled in the first week of February 2019.
BuyAnyLight (BAL) is an innovative online platform that strives to decentralize the process of LED light sourcing by reducing the role of intermediaries while offering lighting products at the most competitive market rates. It shares its origin from Almani Lighting, which has been serving the UAE market since 2015 and has a diverse portfolio of assisting leading institutions and corporate organizations in sourcing them the right LED lighting products. The platform has already registered over 400 manufacturers and 10,000+ platform users. Its leadership and operations team consists of 35+ passionate team developers, blockchain evangelists, marketing specialists, fintech experts, and brand builders who are working for a global, scalable, and sustainable, long-term growth.
The global marketplace for LED lighting