Qiibee

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Sneak peek of current loyalty programs and consumption incentives

The loyalty programs that stores have implemented in recent years have been very beneficial, both for the stores and for the clients. The fact of being able to accumulate points and earn discounts or products for it is quite rewarding. For people it is beneficial because they are aware that they are not only spending or consuming their money, but that they are participating for a future benefit.

Stores know this very well, any purchase incentive offered to their customers, will reflect higher income. An example close to this are the coupons of products, that can be found in magazines and other sites. They encourage the consumption of products, and at the same time they benefit people with the possibility of obtaining products at low prices and even for free.

Unlike coupons, loyalty programs are applied in stores, and not in particular products. This widens the profit margin, there is a greater variety of products, and the same store can be found in several locations. However, coupons and loyalty programs are still very limited and scarce. The benefits that would be provided would be greater if there was a form of universal loyalty program that would allow all the stores to be linked, giving points that could be exchanged and used in each one of stores. Well, this idea has been materialized by qiibee.

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Qiibee?

qiibee is a universal loyalty program that works on blockchain network, in this way they can offer a safe, reliable and effective service. The goal of qiibee is to provide a platform that allows companies to create loyalty programs, and support these through the unbreakable functionality of the blockchain.

With the implementation of qiibee, the negative points of the coupons and the current loyalty programs are solved. There will be greater offers, which translates into greater incentives, and interchangeable points that can have a lot of value.

qiibee implements the use of Tokens called QBX, these are the loyalty points that are earned when buying at affiliated stores. These points are stored in the qiibee wallet and can be transferred, exchanged and traded between people. In this way the points obtained in a store can be used in another store that is affiliated.

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"The qiibee Solution:

qiibee intends to unify the market by using the power of the blockchain! Just as cryptocurrency users can use exchanges to trade between currencies, qiibee wants to build a free marketplace where customers can exchange their loyalty points.

Simple Integration

With qiibee, businesses can easily integrate a loyalty program.

Step 1: Decide a budget.
Step 2: Convert budget into loyalty tokens.
Step 3: That's it! Businesses can still continue to use their own apps and interfaces in interacting with the tokens.

This diagram depicts the process of businesses integrating their loyalty program with qiibee"

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Benefits

"qiibee will allow shoppers to get more from what they already do, while helping businesses have incentive programs that actually keep customers interested!"

The benefits that qiibee will bring to stores and consumers are very relevant. This initiative will represent a resounding change in the way of use and creation of loyalty programs.

For Brands:

• They can manage loyalty points according to their criteria
• Increase the level of commitment of customers towards the brand
• Reduce costs and encourage consumption

For Clients:

• Overview of all their loyalty token
• Transactions with their loyalty tokens
• Withdrawals and exchanges for real money

More Information & Resources:

• qiibee Website
• qiibee WhitePaper
• qiibee Telegram
• qiibee Medium
• qiibee Twitter
• qiibee Facebook
• qiibee Instagram
• qiibee Linkedin
• qiibee Google Plus

This was my entry for @OriginalWorks - writing contest!

qiibee2018