Types of blockchain-based loyalty networks
Using blockchain allows companies to quickly maintain and enhance customer loyalty partnerships without complicating their plans. A strong, friction-free partnership network can mean the possibility of redeeming more loyalty points, which results in higher revenue and reduced corporate debt. Second, blockchain allows businesses to break out of the obsolete and limited format defined for loyalty programs.
These traditional loyalty programs provide a program for all types of services, and the process of redeeming their benefits is very troublesome for customers. For example, today customers expect discounts and personalized discounts tailored to their needs, and these services must be provided through a digital, one-step process, something that is not found in traditional loyalty programs. The growth of OTAs is a testament to this claim. Blockchain allows local and large travel agencies to integrate into the loyalty program seamlessly and without restrictions. This will make it easier for you to make and pay for the right discount, which will effectively eliminate customer dissatisfaction with losing your points.
Types of blockchain-based loyalty networks
At first, each loyalty program may have its own strategy, but over time, smaller loyalty programs are combined to compete with large loyalty programs. Finally, we expect to see the development of four to six blockchain-based loyalty networks, each offered by a large airline, a large hotel chain, or a group of smaller travel companies. There are options in the industry for creating and maintaining a blockchain platform. These options may include a joint venture with a major IT company or network provider such as banks or credit card processors. Please let us know what you think.
