News Nov 06 ,2019

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)
Credits Bonoox loyalty program is a perfect solution for companies who would like to attract new customers, generate traffic and increase customer interaction. The platform allows the issuance of loyalty points and the federation of multiple-points programs into one system.
The integration process is as follows:

  • 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. 
The successful application of the blockchain-based Bonoox platform are the cases with the Turkish Zoom Hizar restaurant chain, as well as the Sevastopol Hotel. The new product finds a positive response from parties concerned, therefore new implementations are planned at an early date.

Credits Blockchain Platform
Credits is an open-source and decentralized blockchain platform for the development and execution of smart contracts and decentralized applications. The project offers public and private solutions suitable for B2C and B2B markets eliminating the problems of trust and uncertainty. The peculiarity of Credits is a high-speed decentralized blockchain platform that provides from 50,000 transactions per second with a confirmation time of a single transaction around 0.1 second and low fees around 0.001 USD. The platform is intended to develop standalone smart contracts and decentralized applications.

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