Blockchain Loyalty System

Easier Partnerships

Development time:

4 months

Team size:

4 people

Industry:

Fintech

Engagement model:

Time and Material


Combined Shape

Blockchain


Combined Shape

Devops


Stroke 1

Frontend


Stroke 1

JavaScript


Combined Shape

Node.js


Combined Shape

PHP

Project’s goal

When it comes to loyalty programs, customers value flexibility and solutions that are friendly and easy to use. This is a perfect opportunity to leverage Blockchain strengths..

The Challenge

Managing multiple loyalty programs can be troublesome. You have to coordinate various loyalty points scattered across multiple brands.
The challenge was to create one loyalty system to rule them all..

The Solution

Blockchain is a smart way to unify loyalty points while reducing costs and fraud rate. We built a blockchain solution that allows a customer to store all their points in a single wallet.

Thanks to this we gain 1 universal token, which standardizes these points. The user can spend them at each of the participants of the loyalty program.

Main Features

The user collects points as before: buying coffee, air ticket, flowers or any other product from the partners. We replace those points with a crypto value passed to our blockchain.

The whole project is based on Hyperledger blockchain instance, hosted privately on a secure server. We selected this technology due to the number of expected transactions – Hyperledger can process several hundred transactions per second.

Our Strengths

Transparency

The ledger can be easily audited and shared with the authorized organizations.

Flexibility

Whenever you need to add another partner to your network, you can simply provide them with additional nodes.

Safety

Decentralized ledger lets you store the data in multiple places, and even if some of the nodes get hijacked or destroyed, the system still works.

Cost reduction

Blockchain is almost self-sufficient. It can significantly lower your maintenance costs.

If you need to estimate a project or have any questions, get in touch with us.

Szymon Head od Sales & Delivery Manager

Blog posts

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Blockchain and GDPR compliance – What Do You Need to Know Before Launching Your Blockchain Project

3 min

Relations between blockchain technology and GDPR regulations are intertwined and unobvious. As a hot new technology, it doubles the fear connected with the new regulations. Failing to comply with the GDPR can lead you to a fine of up to €20 million.

Thu/Jun/2018
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A Short Guide to Security Tokens

2 min

ICOs are growing up. The time of Wild West in this area is already gone, and we see regulations starting to catch up with the changes. It brings in market regulations required for cryptographic tokens, aimed at bringing back the credibility.

Tue/Oct/2018
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51% Attack – Insights on Safety of Blockchain

3 min

Blockchain is ‘democratic’ in its nature, and assumes that the majority is right. It means that a group controlling more computing power than the other users combined can have the right to influence and exploit the system, getting away with stolen tokens.

Thu/Jul/2018
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