Despite the industry, every brand has its loyalty programs. Some brands offer gift vouchers, products, and points that can be redeemed in their own shops. However, the leading e-commerce platforms render their loyalties as gift vouchers or cash back acceptable by every merchant shop. This is what the consumers love as of now! The consumers love to redeem their reward points with a boundless, transparent shopping experience. Hence, the industries need a trusted, transparent, globalized reward program for their consumers.
Here it is! Blockchain-based loyalty and rewards platform for the brands!
Blockchain is the shared ledger that stores the series of transactions with the timestamp in a network. The data blocks are interconnected with cryptographic hashes. A community of people manages the entire network transactions through mining. The blockchain framework can be configured as a public, private and hybrid network as per the needs. As the blockchain architecture supports transparency, traceability, security, immutability, and consensus governance, the industries strive to integrate this technology into their loyalty programs.
In this blog, let's briefly look at various industries in which blockchain rewards platform development is prevalent in its use-cases!
Blockchain rewards platform in various industries
Many transportation service providers consider the long-travels as worthy and render high loyalty points. In the case of consumers utilizing small travels frequently, the rewards are relatively low. Even though by myth, if you consider the long-travel person as a loyal consumer, the second one is more loyal to the service provider in the perception of the business. Hence, the loyal customers utilizing the services often must be rewarded the most. Moreover, the loyalty points of these consumers are prone to lose their value sat any time. Aforementioned, these pitfalls often occur in conventional airlines, trains, and other transportation rewards platforms.
A blockchain based reward system development can reform the loyalty points offering of the transportation sector from a different perspective. The pitfalls can be reformed, and the entire transaction of the loyalty program can be managed in a transparent, effective manner. The rewards or refunds due to cancellation of transport services can be rendered as loyalty points that can be utilized for the travel's luxury services. The entire transport rewards platform can be rejuvenated with trust among consumers with blockchain on its legs!
E-commerce & retail shops:
Top e-commerce brands offer gift vouchers that can be redeemed in their own platform or could be utilized to pay for other interconnected applications. Small-scale merchandise shops enable their consumers to claim their rewards right from their shops after a threshold limit. Either way, the customers are fed off with the lack of transparency and the selection of lucky draw winners.
Customized Blockchain Reward System platform development for these enterprises can enhance the trust and process of these programs. When these loyalty programs are put into existence, the merchandise shops can easily reconcile the reports with community governance and pick the winners. This transparency of brands among consumers can help you grow your business globally!
In this modern world, be it a gaming or video streaming service, everything has its subscription benefits. However, not every content on these platforms is appreciable, and sometimes people feel worthless. Blockchain-based loyalty programs can help the complimentary growth of these brands and consumers.
Brands can identify their potential viewers and render their favorite content, whereas the consumers can rate the high-quality content with their reviews and earn rewards.
Manufacturers face the consequences of bargaining from their retailers and dealers often. Also, as the manufacturers offer a leisure time of payment, the payment closure gets delayed, and thereby the profit at that particular time is lost. Hence, the customization of White label Blockchain Reward Solution for manufacturers can reward their legitimate retailers with proper payment history and many transactions with products or discounts.
Blockchain is boosting the industries with its intense features in many processes. The loyalty program is the process that attracts consumers most and keeps them stay tuned with brands. Hence, if you're in thirst for capturing the global market, let's conquer the globalized customized blockchain rewards platform development for your enterprise!