Loyalty program on the Credits blockchain platform Building a program with blockchain and smart contracts. Issuing tokens as loyalty points.
Disadvantages of the current loyalty programs Complicated procedure for launching a loyalty program. Companies need to individually develop software, this requires a lot of resources and time. Very high cost of launching the loyalty program. Weak integrability with other services / companies. Programs and points are poorly integrated with third-party companies and services due to the many different individually working programs. The inflexible structure of reward and lack of transparency. The use of points is usually limited only as a discount to a new purchase. There is a huge potential in terms of using points in other operations.
Loyalty on the blockchain 1. Credits blockchain can act as an operating platform on which all interactions occur, and tokens released on the platform are scores for actions. 2. The points scoring is regulated by a smart contract that implements functions such as: keeping a list of products participating in the loyalty program scoring transfer operations accounting of accrued points, their cancellation and other operations. 3. With the public and private keys, the loyalty program owner controls access to the loyalty system via the web or a special application. 4. When the data is transferred to the blockchain, the transactions are open and available for viewing by everyone, but the information is protected and encrypted (despite the openness, the information in the blockchain is protected from unauthorized access).
Loyalty programs on the blockchain Users Loyalty points are issued in the form of cryptocurrency tokens (similar in characteristics to cryptocurrencies) Credits blockchain platform API Operations with the points occur autonomously (or partially autonomously) using smart contracts Public register of all transactions All transactions are open and public Smart contract loyalty program: all work condition algorithms The loyalty program owner company server Easy integration with third-party services via API Credits: exchanges, third-party wallets, payment gateways and other solutions
Advantages of Credits tokens as loyalty points 1. The universality of the Credits platform as a single solution for the release of token loyalty points and cryptocurrency tokens. 2. A single wallet of an individual and an account in which the accumulated loyalty points issued on the Credits blockchain are stored digitally. 3. Simplicity of the transfer of token points within the accounts on the Credits blockchain between different participants (for example, between friends and relatives and accounts in other services). All parameters of token point earnings can be programmed. 4. Simplicity of a token point output to an exchange and to other services for further sale (for fiat money or cryptocurrencies) or for the exchange of points with other services. 5. It simplifies the launch of programs for new partners by automating the points accrual and redemption system via smart contracts.
Why Credits? We created a unique blockchain platform Credits, which makes it possible to use the blockchain technology in the banking industry A unified protocol for issuing, storing and transferring financial assets Infrastructure on a distributed network with a public registry Accounts system with public and private keys Set of security systems Built-in programming language for creating services
Contact us We have a strong team of programmers and support offering: Consultations on how to use technologies Help with PoC (proof of concept) and MVP development Visit our site credits.com