DIGITALBITS: ENHANCING BLOCKCHAIN ADOPTION

chikky08 (46)in #blockchain • 5 years ago (edited)

Not so long ago, blockchain was the darling of the digital world. The encomiums were boisterously loud, and the digital ledger looked like the next big thing. Now, doubts have begun to creep up the minds of a lot of believers regarding the potential of the blockchain. Every day more people get skeptical about the futuristic capability of the blockchain.

Recently, there has been a stress on identifying large legacy markets rather than a refresher market and deploying blockchain technology to these sectors. This might seem like a good idea, but putting this into practice has remained elusive until now.

THE DIGITALBITS SOLUTION
Finding real life opportunities with the widespread usage needed to make blockchain capability adoption mainstream has remained a problem for a long time with a series of failed projects as sufficient proof of that. The Digitalbits platform is attempting to utilize one of the most familiar programs commonly used by business to ensure repeat customers – the loyalty reward program (LRP).

One of the strategies that businesses use in keeping customers coming back for more is the loyalty reward program. But the inefficiency of much of the LRPs currently in practice has left them redundant and not yielding the desired results. From customers to businesses, the complaints regarding these loyalty reward schemes have become ear-piercing. Something needs to give, and soon.

On several occasions, the possibility of blockchain taking the LRP to a whole new level has been broached. The problem remains that not much came out of these ideas. One of the reasons why blockchain has been mooted in the past was its big-picture approach. There are a few problems with these attempts. One of such is the blockchain used has become obsolete in recent times. Technology is ever-changing, but many of these older blockchains have not kept up with the times. Also, HIGH TRANSACTION FEES, INADEQUATE TOKENIZATION PROCESS HAVE REMAINED INSURMOUNTABLE CHALLENGES.

The Digitalbits blockchain is geared at remedying many of the challenges which have hampered the progress of previous LRPs projects. With the offer to set up a personalized LRP, businesses would find the Digitalbits platform quite endearing.