The multi-billion dollar loyalty rewards industry currently suffers from fractures and frictions that leak value and undermine participation. Blockchain technology holds the key to address these problems. This paper outlines the positive disruptive impact that an industry-wide loyalty reward currency would have in fixing the rewards ecosystem. We discuss the specific technical requirements required to develop and implement a widely adopted system, including a proposed implementation strategy that aligns industry stakeholders, consumers, and investors. Additionally, this paper outlines the approach necessary for industry-wide mass adoption and the positive effects that will occur from using the Ovato Smart Coin.
Ovato is building the perfect Digital Currency that will be able to transact in seconds and be confirmed in minutes. A reliable network that will run without congestion allowing users to send globally in seconds for virtually pennies. It's simple and easy to use and providing a stable payment system to store value using secure blockchain technology. Ovato has already partnered with its currency creating “ Distribution Partners “ to ensure the likely hood for mass adoption for its coin in the following verticals: Rewards and Rebates, Social, Travel, Gaming, Auction and General.
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Dear friends!As a result of our participation in BlockShow which took place in Singapore, we received a huge number of contacts and positive feedback from various projects. At the...