DigitalBits: Penetrating Multi-billion Dollar Loyalty Points Market With Blockchain
Customer retention has been a very hard endeavor for SMEs and large corporations. The introduction of the concept of loyalty rewards has really helped a lot in rewarding customers however with this retention is nowhere near guaranteed due to the fact that loyalty points do not have real value even if it's converted to real life use case the value is most times diminished or customers have to go through a very rigid process to claim it. An already existing market that needs improvement DigitalBits believes blockchain technology is the right tool to achieve mass adoption of creating value for loyalty points. The Digitalbits project created to merge cryptocurrency and blockchain solutions into previous applications in order to advance the utilization and acknowledgment of blockchain by mass populace. With its marketing technique, Digital bit changes over an application's as of now existing virtual assets into tokens.
In today's world either through travels, online shopping, or just visiting the restaurants we receive loyalty points and rewards so as to enable patronization of their brands and services once more. Utilizing Digitalbits, organizations can change their loyalty rewards structure and use it to give a coin based reward system for users and purchasers creating a better opportunity and value for the points and more use cases globally.
By focusing on loyalty points the DigitalBits platform will be a the center of reward users for utilizing certain platforms it's coordinated on, and dissimilar to in decentralized settings, the utilization of smart contract is utilized here, the suggestion is that everything is made noticeable for all users on the platform and toward the day's end, users get paid precisely what they earned. Also, payment on the DigitalBits blockchain are coordinated using smart contracts (SC), this smart contract is structured so that it immediately rewards users once planned payment time is come to without counseling anybody first, in this way giving no space for outsider obstruction or control
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