STORED VALUE SOLUTIONS
Companies like Amex and Hilton Honors allow their customers to redeem points and miles through Amazon. When merchants use blockchain rewards, they offer many new redemption options for their customers. Issuing liquid tokenized points captures customer goodwill and can reduce the costs of redemption for the merchant.
Other benefits include:
blockchain is a type of distributed ledger, where network participants share the same documentation
EFFICIENCY & SPEED
when everyone has access to the same information, clearing and settlement can occur much faster
all blockchain transactions must be approved, encrypted and linked to the previous transaction
you don’t need as many third parties or middlemen, because everyone has access to a single, immutable version
when exchanges of rewards tokens are recorded on a blockchain, you end up with an audit trail
blockchain unlocks rewards liquidity through trading on the Giftz Exchange
Use the blockchain to eliminate internal databases, complicated reconciliation and third-party points/miles providers.
Businesses can explore new and creative ways to reward their customers without paying the high costs of traditional programs.
Consumers can now maximize the value they have received, because they can gift, trade or spend their rewards.
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