Blockchain Based Reward Systems

Blockchain Rewards Platform Development

Offering rewards and bounty to the customers is one of the best methods for holding on to loyal customers. This approach will support building a healthy relationship with the consumers. At the same time, referral programs and other reward plans will create a wide user base for the company. Earning a positive affinity with the clients is essential to gain more repetitive customers. We can use blockchain technology to overcome the pain points in the traditional reward system. Blockchain helps in enhancing customer experience and thereby acquiring their loyalty and trust.

Incorporating blockchain in the reward system can provide protection from data breaches, improve user experience, increase customer loyalty, etc. In general, customers will demand data privacy from their merchants. In that way, blockchain can be the most suitable solution to guarantee data privacy and protection. Finally, a rewards scheme proves to be the best strategic investment for every enterprise, whereas combining it with blockchain will be an added advantage.

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Use cases of blockchain rewards platform development

A business firm can employ a reward system for their customers to achieve their trust and loyalty. Our dynamic rewards platform development techniques will assure an efficient and cost-effective reward system for your business.

User Attraction

Every business knows the importance of customer loyalty programs as they help to make the buyers revisit the shop. Other than selling a compelling product, one can provide reward tokens to the customers to attract them.

Customer Retention

By providing exclusive rewards to the customer, an enterprise automatically gains their trust. In such cases, buyers will revisit the store and stay loyal to the retailer as he gets bounty and prizes from them.

Fraud-proof

Around 72% of loyalty programs face fraudulent activities in the form of travel fraud threats, stealing unearned loyal points, and more. But, when using blockchain technology, we can effectively reduce fraud as it has high-security features that avoid illegal activities.

Easy implementation

Blockchain ensures flexible control of tokens and enables the customers to use them before expiry. It also reduces the complexity of the regular reward system for smaller local or ecommerce companies to conduct a seamless customer loyalty program.

Smart Contracts

Once the necessary conditions are met, a smart contract automatically carries out the customer token verification process. Unlike regular manual verification, it takes very little time and also costs less. Smart contracts facilitate easy reward redeem options for the customer and thus boost their experience.

Transparent Ecosystem

Blockchain has a transparent ecosystem where anyone can store records publicly. Due to the internal policies of a company, it cannot remove the loyalty tokens at any point. This creates a cooperative environment for both customers and service providers which leads to enhanced customer experience.

Benefits of Blockchain in Loyalty Reward System

Automatic Processes

Smart contracts are the best time-saving feature available in the blockchain. It automates the data verification and rewards claiming processes in no time. Unlike traditional techniques, the outcome of this automated process will be more precise.

Enhanced Security

As blockchain possesses a peer-to-peer system, it is more likely to provide elevated security features to customers and merchants. The data stored in a blockchain is immutable and time-stamped, thus making it nearly impossible for any security threats.

Customer Satisfaction

By assuring a smooth process on the customer end, the customer satisfaction rate can be improved. As no one have the central authority over the blockchain, the loyalty score or any related data cannot be modified. Hence, the customer can utilize the loyal reward whenever they wish.

Trusted Loyalty Programs

With the help of integrated smart contracts, we can automate the credit system and can deliver a trustable loyalty program to the customers. With extra transparency and security, blockchain enhances the faith of the buyers in the company.

Better Accounting

Blockchain has a streamlined management approach that helps in operating a hassle-free accounting system. Even if a customer has multiple reward tokens, the redeem process will be smooth and simple. Additionally, the company doesn’t have to assign separate datasheets for the estimation process.

Business opportunities in introducing blockchain technology

Advance Bounty Experience

To level up the existing loyalty reward system, blockchain provides suitable automation features for a business. This makes a smooth and hassle-free loyalty token redemption management for the business.

Streamlined payment process

Smart contracts help in getting a faster yet manageable payment/ redeeming system for the retailer. Even if there are thousands of tokens, there won’t be any complexity in the operation.

Widened User Base

When providing attractive rewards along with a compelling product will lead to an increased user base. Thereby it improves the sales and boosts the recurring revenue of the enterprise.

Improved Customer Retention

A satisfied customer will revisit the store whenever required and also will refer the brand to their friends and family. This not only expands the visibility of the business but also increases the customer retention rate.

What Can We Offer For Your Enterprise?

We assist businesses to acquire the most promising blockchain loyalty reward solutions with these beneficial deliverables.

Documentation

We get the details related to the project and consult the client regarding the process. Based on their needs, we initiate the documentation phase by analyzing, formulating, and determining a work strategy to follow.

MVP

We create a conceptual workflow and a blockchain-based dApp model for the customer. After acquiring feedback from the client, we incorporate the necessary customization and enhancements in the blockchain application to create a product prototype.

Admin Console

The main requirement of an admin console is to assist in monitoring the reward redeeming processes in the blockchain. We make sure that the console is easy to use for the authority. During any uncertain situation, the admin has the power to interrupt and solve the problem.

Smart Contract Integration

We incorporate smart contracts to represent the workflow of the company. Such contracts will help to reduce the costs spent on human workers and automate the reward redemption processes without any third-party intervention.

DApp

By implementing innovative loyalty reward solutions, we create a flexible and uncomplicated dApp for both sellers and buyers. The dApp will be incorporated with the necessary advanced features to deliver high-quality results to the business.

Support & Maintenance

To help you utilize the full potential of blockchain technology, we provide professional blockchain dApp maintenance and support. We enhance the performance, scalability, portability of the blockchain application by integrating the best methodologies.

Why Blockchain Firm?

Parameters

Cost
Experience
Scalability
Support
Communication
Efficiency

Freelancers

Cheap
Beginner-level experience
Zero to low
Zero to No support after launch
Irregular communication
Less efficiency

Blockchain Firm

Affordable
150+ experts with vast expertise
Highly scalable
24*7 support for post-launch
Smooth and interactive
High-efficiency

Organizations

Expensive
Good experience
Limits exist
Restricted project support
Limited communication
Moderate

Blockchain in Rewards

Blockchain Rewards Platform Development

Use cases of blockchain rewards platform development

User Attraction

Customer Retention

Fraud-proof

Easy implementation

Smart Contracts

Transparent Ecosystem

Benefits of Blockchain in Loyalty Reward System

Automatic Processes

Enhanced Security

Customer Satisfaction

Trusted Loyalty Programs

Better Accounting

Business opportunities in introducing blockchain technology

Advance Bounty Experience

Streamlined payment process

Widened User Base

Improved Customer Retention

What Can We Offer For Your Enterprise?

Documentation

MVP

Admin Console

Smart Contract Integration

DApp

Support & Maintenance

Schedule An Appointment

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Why Blockchain Firm?

Parameters

Freelancers

Blockchain Firm

Organizations

Why Blockchain Firm?

Freelancers

Blockchain Firm

Organizations

Technology Partners

Why
Blockchain Firm?