Deploy highly secured reward programs to delight your customers.
Loyalty programs are now adopted and promoted by brands in every sector. The facts are there; it costs 5 to 25x more to acquire a new customer than it does to sell to an existing one. They increase overall revenue; loyal members spending are way more frequent and significantly higher than average customers. But... be careful, your customers are not the only one looking to benefit from these rewards, nearly 11% of all financial account frauds in 2017 were for loyalty accounts. It is crucial for enterprises to protect their currencies and avoid millions in losses.
MANTLE powers immutable asset transactions for reward programs that allow enterprises to track all transactions and assess their legitimacy.
- Simplicity of creation, operation and expansion
- Increased transparency
- Unchallengeable data integrity
Why use Blockchain technology?
- Built-in transactions traceability. Blockchain data structure inherently records immutable exchanges between parties.
- Data you can trust. Unlike traditional databases, it is possible to verify the integrity and authenticity of data on-read.
- Avoid logic-based errors. Blockchain prevents double spending and origin-less entries, while being natively synchronized - you always act on the right data.
- Exponentially more difficult to exploit. Inherent decentralization makes it nearly impossible to compromise the data stores. And is not vulnerable to traditional database exploits.
- And more. Blockchain enables unified identity management, persistent distributed governance and simplified multi-party collaborations.
How it works?
Within your application, use Mantle API to:
- Setup your private currency (e.g. PointCo)
- Define entities part of your network (e.g. partners, customers, etc.) (each will have their own blockchain identity)
- Assign appropriate permissions to each entity (e.g. issue, transfer currency, etc.) (top level application)
- Determine actions/policy that trigger currency issuance and transfers (top level applications)
- Setup the Mantle API calls with the appropriate triggers (issuance, transfers, etc.)
- Enroll participants to the program and setup their accounts
- Register exchanges between participants
- Always available wallet data for each participant