Experiential shopping technology
Photo by Tim Marshall
Using our technology to help communities and the planet
We strongly believe we each share a goal of helping life on Earth be sustainable for all forms of life and help our species develop in a sustainable way. There’s many ways we feel we can contribute but there is one specific goal where we think we can contribute the most.
Our technology contributes to the Decent Work and Economic Growth by offering a viable solution to local vendors and outside visitors in overcoming currency conversions, cash only transactions, inclusiveness in the economic circuit of unbankable vendors and connect the local economy with visitors, while maintaining its cultural heritage.
Oveit contributes to the Industry, Innovation and Infrastructure by offering innovative alternatives of digital payments in both fiat and cryptocurrencies in a safe, secure infrastructure environment. It enhances Sustainable, Cities and Communities by keeping outside visitors’ spending local and creating a sustainable, circular local economy active. It also contributes to the Well-being of the local community by increasing the number of active local vendors participating to the economic circuit. It generates an active Partnership for the Goals by solidifying the partnership between the experience builders such as festivals or hotel resorts and the local attractions, vendors and event planners in the community.
We measure our positive impact in terms of consumers using our digital wallets, and local vendors and merchants using our mobile app point-of-sale. The more local vendors access wealth generated through experiences, the more sustainable local economies are. In 2023-2024 we expecting 3 million visitors to use our digital wallets, and 30,000 vendors to use our mobile app point-of-sale, contributing to the improving local wellbeing and alleviating economic inequity.
Impact on the local economy and community
Our technology is designed to offer local communities’ inclusion, sustainability, and develop circular economies. The embedded technology contributes to increased spending by outside visitors to the local community, it involves including a larger number of local vendors to generating sales for the local community and it implies keeping the spending local and generating well-being for the community.
Impact on the environment – helping build a greener future
We run everything electronically with a power consumption as low as possible. Our blackchains run on proof of stake technologies, eliminating 99% of power consumption. By offering this technology we try to eliminate the need of paper printing from money to tickets, booking reservations and anything in between. In 2017 Oveit received the Forbes Green Awards for our efforts to transform our processes and our industry into a more eco-friendly manner.
Background in organizational and financial management
Executive Education from Harvard University (USA)
M.B.A. from Rice University (USA)
B.A. in Law & Int’l Relationships
Specializes in management, finance and team building;
Expertise in managing both start-ups and corporations;
Winner of awards in operational excellence;
Over 15 years in leading technology driven companies.
Background in computer science and digital marketing
M.S. in Data Management
B.A. in Computer Engineering (Artificial Neural Networks)
B.A. in Economic Studies (Digital Marketing)
Specializes in digital development and AI;
Winner of 30 awards in technology;
Over 10 years experience in IT;
Board of advisors
Founder & CEO, International Accelerator (investor)
Expert on technology-based economic development, business acceleration, and Angel investing. Specializes in strategic business planning and development, and economic research & analysis.
One of the seven top global futurists in the Millennium issue of Businessweek feature, “What Technology Will Be Like in 100 Years”. Mr. Smith co-led the first-ever US industry wide roadmap to chart the United States regaining the lead in the semiconductor industry and was one of the principal designers and architects at In-Q-Tel. Mr. Smith has served as CEO and President in various technology companies.
Carl J. Mehlman
After an accomplished 30-year career leading private start-ups and diverse public businesses to great achievement, consistently growing revenue and delivering strong profitability, Carl launched his second career, devoted to serving others. Carl initially chose “7 Mindsets”, a personal development and educational program, as the foundation of his mission to inspire individuals to lead happier and more successful lives.
Carl J. Mehlman
Major Investor, BOD, Harvard Law School graduate, has practiced corporate and securities law for 25+ years. Known as a leader in the Texas venture capital and private equity community. Represents over 70 large funds around the world.