04-11-2014, 02:31 PM
Abstracts: The Project aims at creating “eLOOT” , a web application(software as a service) that provides a platform to merchant to sell his product at a least possible price to customer. The merchant will be allowed to put his various products on sale on this platform. The customers/users opting to purchase the product of the merchant at low prices will need to register for the loot. As and when the number of customers registering for loot increases, in the stipulated time period, the product price will get reduced with subsequent registration. With the time period coming to an end of given loot, the system will announce the winner of the loot who will get the product at least price. It will also allow customer to register in prior for the upcoming loots, so that they get notified when the next loot gets conducted of the product of the given merchant. The system will allow multiple vendors a platform for selling their product respective of available time.