Loyalty Program on the Credits Blockchain to Unite Global Business

Credits is pleased to present its new product called “Bonoox” - an advanced blockchain-based platform that specializes in providing complex service for brand loyalty programs and meets the interests of customers and companies. The product enables to issue loyalty points in the form of tokens on the Credits blockchain for enhanced customer interaction.

he technological capabilities of Credits company have allowed it to launch a unique product for the modern business market. The incentive to create the technological solution was the identification of the imperfection of existing models of loyalty programs and the issues that customers face. The Bonoox platform is designed to change the current approach to a set of marketing strategies due to the following features:

• Liquidity (Managing & Selling)  
• Software Autonomous Operation (Operational expense reduction)
• Multifunctional Infrastructure (Availability of tools for add-ons)
• Integration with Databases (Individual proposals)
• Transparency (Full access to the history of operations)
• Security (API Keys)

• Creation of Digital Asset or Token (by utilizing smart contracts on the Credits platform). The token acts as a loyalty point and the smart contract contains all the relevant information about the terms and conditions of the program. 
• Development of an App (opportunity to make purchases via a QR-code, NFC or RFID marks).
• Setting of terms for the loyalty program (through Credits Smart Contracts)
• Creation of Mobile/Web Accounts (by customers). The accounts have a unique identifier with public and private keys and digital signature. 
• Ready for Use! Once purchases are made, the loyalty points are automatically distributed through the Credits platform and their histories can be viewed in the blockchain.