Скачать или смотреть BLOCKCHAIN COURSE UNIT #18 BLOCKCHAIN IN LOYALTY REWARDS

✅ Blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Loyalty rewards programs are designed to incentivize customers to continue doing business with a particular company. These programs typically offer points or rewards that can be redeemed for future purchases. Blockchain provides a way to decentralized these programs and make them more secure and efficient.

With blockchain, loyalty rewards can be stored on a decentralized ledger. This means that there is no central point of control or failure. If a company were to go out of business, the rewards could still be redeemed by the customer. Additionally, blockchain provides a way to track points or rewards seamlessly and transparently. Customers would be able to see how many points they have in real-time and companies would be able to prevent fraud and abuse.

Overall, blockchain provides a more secure and efficient way to manage loyalty rewards programs. Decentralization ensures that the rewards can still be redeemed even if a company goes out of business. Transparency provides a way to track points and prevent fraud. Ultimately, this could lead to more customers participating in loyalty programs and more companies offering them.