The Loyalty Reward Program Industry
Loyalty Reward programs are sponsored by retailers or businesses where they offer rewards in the form of Points as a way to attract and retain customers.
Most of the Loyalty Reward Program that are used by the Business are Traditional Loyalty The majority of Loyalty Reward Programs that businesses use are Traditional Loyalty Reward Programs. Each of them utilises a Traditional Loyalty Reward Program with a slight variation.
Problems with Traditional Loyalty Reward Program
Low Value Rewards
Company Controls Reward Value
Reward Expiry
Lack of Flexibility and Acceptance
Points Cannot be encashed
Solution - A Hybrid Ecosystem Solution
After a year of research and development, and with the assistance of Blockchain Technology, we developed a Hybrid Ecosystem Solution that not only addresses all of the issues, but also creates a Complete Loyalty Reward Program that can be implemented in almost any business worldwide.
The Hybrid Ecosystem Consists of 3 Major Elements.