What an Xchange Is, and Why Toozit Builds Them
An Xchange connects people and businesses with other people and businesses. Toozit builds the engine that makes that possible at global scale.
By Marcus Ellery
Published
An Xchange is, at its simplest, a place where people and businesses connect with other people and businesses and deal directly with one another. It is the venue where the two sides meet on their own terms.
What makes that hard to build well is that every market has its own kind of instrument, from an automotive financial contract to a graded trading card to a business listing. Toozit's answer is the CISE - Configurable Instrument Schema Engine, a patent pending technology that lets one engine model very different instruments and stand up a new Xchange Platform quickly.
That is why Toozit builds Xchange Platforms rather than one-off marketplaces. ToozitCORE, the advanced AI driven engine at the center, is designed to be configured for a market, branded for an operator, and launched fast. The result is a family of global platforms that all work the same way underneath while serving completely different communities.
Learn more at ToozitCORE and Toozit.
Source: New London Media
More from the newsroom
- From Xchange to Storefront: Where ToozitCORE Ecomm Fits
- Shared Databases and the Economics of Loss Prevention
- New London Media: Established 2008, Now Open to the Public
- ToozitCORE Ecomm Will Bring a Full Storefront to the ToozitCORE Family
- GuestCHEX Aims to Turn Shared Data Into Lower Loss for Businesses
- A Venue Built for the Community, With Control in the Seller's Hands