Why blockchain technology?
One of the major advantages of blockchain in the loyalty industry is the removal of reconciliation costs. Traditional loyalty programs often involve complex reconciliation processes to manage the exchange of rewards, which can be costly and time-consuming. Blockchain technology, with its inherent feature of a single source of truth, eliminates these issues, simplifying the process and reducing expenses.
Instantaneous, real-time transactions:
Blockchain technology allows for the instantaneous exchange transactions across partner systems, enabling rewards in real-time. This immediacy is crucial in maintaining customer interest and satisfaction, as it ensures that rewards can be updated, exchanged, or redeemed without delay.
Enhanced security and transparency:
Blockchain’s decentralized nature ensures that the rewards currency is secure and protected from fraud or unauthorized manipulation. Moreover, the technology provides full transparency into transactions, which builds trust among partners.
Together with the qiibee foundation
The qiibee foundation is a non-profit organization based in Zug, Switzerland with the purpose to promote and develop the qiibee loyalty blockchain-infrastructure, as well as the promotion and support of applications developed for the qiibee ecosystem.
Learn more about the qiibee foundation.