Digitalbits Loyalty & Reward Points Programs

oluwatosin10 (41)in #blockchain • 5 years ago

In my previous post, I made emphasis on DigitalBits projects and things that makes it exceptionally interesting and full of values when compared with many blockchain startups out there. One of the interesting features of DigitalBits is their platform Loyalty & Reward Points Programs. Loyalty programs are advantageous to ventures and many enterprises out side their have integrated Loyalty & Reward System into their core business platform for compensating and retaining loyal customers and with Loyalty and Rewards Incentives, the relationship between consumers and products of brands will be rightly protected.

Loyalty & Reward programs is of two types which I will further explain in this article.

The first one is a sole enterprise program in which the points accumulated are given out by the same ventures. Examples companies that runs this type of program are american airlines and starbucks rewards.
The second one is multi enterprise program of which the loyalty program is given to outside company to manage and example of such outsourcing companies are LoyaltyOne and its Air Miles program.

DigitalBits Loyalty & Reward Points Programs Use Case Scenario

HotelBrand is an imaginary wave chain of lodgings with a worldwide locations. Same like other inn networks. HotelBrand started loyalty programs with around 30 million clients and right around 40 billion available for use. HotelBrand is at present not developing admirably but rather still at the tenth spot. Notwithstanding, HotelBrand understands that the accompanying variables could the redesign of their LRP program.

1: Infrastructure - High liquidity will build the quantity of exchanges that should be performed day by day.

2: Consumer experience - According to current circumstance assemble slants and work by means of mobile applications, application have more highlights must be created. Then again applications simple to introduce and simple to utilize.

3: Cost and time - Costs of making and after that keeping up such a program would be enormous. In addition, the dispatch of an upgraded LRP program likewise requires a great deal of advancement time.

Most LRP programs exist in storehouses, have a place with a specific brand and can't be effectively exchanged or traded with, and shared based platform that encourages the exchange and trade between various Loyalty compensate focuses programs has not existed.

Platform Comparison of DigitalBits, Stellar and Ethereum

Thanks for taking your time to go through my post and I will also write more about the project. For further information about it, check any of the following links below: