Real-time auction management platform
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Need
Auctioneers need to run real-time auctions with both in-person and remote participants, ensuring synchronized interactions, fair bidding dynamics and seamless management across physical and digital channels.
Approach
We developed a low-latency system with a browser-based interface, that allows participants to join instantly without installing any application. The solution ensures fast and reliable bid handling, even with multiple concurrent users.
Result
Physical auctions opened to remote participants with no friction. + 65% sales and +30% value per item, thanks to wider participation and stronger competition.
Categories
Type
Development
Need
Benefit
Business function
Industry
Telco, Media & Entertainment, Associations, Agricolture & Livestock, Goods Production & Distribution, Retail Distribution
Business Model
Business Size
