Incent Brings Loyalty to the Blockchain With ‘Open Value’
Incent Loyalty, an Australian-based company, wants to tap into the potential of loyalty rewards points through creating a tradable, “open-value” token called Incent, which customers use to gain and trade loyalty points near-instantly and worldwide. While low-cost blockchain technology helps to solidify storage, Incent Loyalty’s consumer facing applications can be personalized to align with the branding of merchant partners. Incent: Tokenizing Loyalty Rewards. To provide an easier customer experience, loyalty values will additionally still be displayed in terms of that particular region’s....
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On October 1, the popular OpenLedger cryptocurreny exchange opened the ICO for Incent, a blockchain-based loyalty rewards platform created by BitScan. Incent ICO Participants Get OpenLedger-Exclusive Perks. The exchange said that OpenLedger customers will be able to withdraw their Incent tokens from day one of the ICO as a perk, while participants who buy from the Incent website will have to wait until the platform’s November 30 launch to withdraw funds into their wallets. In addition to immediate withdrawals, OpenLedger says customers can trade the OPEN.INCNT token from day one of the....
Bitscan, a cryptocurrency merchant directory, has partnered with blockchain platform Waves to bring customer loyalty programs to the blockchain. If successful, the partners say their Incent Loyalty network will make loyalty rewards programs more useful and cost-effective. By utilizing the blockchain, the team says the platform allows merchants of any size to create customer rewards programs without incurring wasteful costs. The platform works by allowing merchants to choose a reward size for their programs, which get pooled with other rewards across the platform’s network. According to the....
The Waves platform, a decentralized application (dApp) platform spearheaded by Australian-based loyalty program Incent, has released the open source code to enable supporters to set up their own full nodes. This will ensure the platform’s further decentralization and operation. Customers Can Launch dApps, Create Own Tokens on Waves. By enabling the Waves platform to decentralize further, it will grow in computer power, become more secure, and serve as a basis for other distributed apps (dApps). Moreover, because customer businesses can launch their own customer application tokens (CATs) on....
Blockchain has already demonstrated its ability to disrupt many industries. There is a whole load of companies playing around with Blockchain only the laziest haven't thought of new applications for it. Obviously, Blockchain is not a panacea for every problem. Does it have the potential to deal with challenges in the loyalty rewards industry? Blockchain certainly has a potential to bring changes to the industry but perhaps it would be fairer to consider it as a system facilitator rather than a replacement for a current system. Besides, the success of the undertaking would largely depend on....
Dubai is set to host the world’s first blockchain loyalty program with the launch of Loyyal, an umbrella scheme aimed at uniting many rewards programs under one banner. Uniting ‘Fragmented’ Loyalty Industry. In concert with the Dubai national government, Loyyal will use an “unbundled” blockchain to provide value transfer between loyalty scheme....