In addition to using the DigitalBits blockchain for fast and low-cost micropayments and remittances, Enterprises are able to tokenize assets.
Loyalty points & rewards are one of the asset categories that we are focused on supporting and disrupting. There are over $100 Billion in unused points currently in the US alone and 1/3 of points issued each year are never used (representing $16 Billion in value). When points go unused due to friction and cost: Customers are unhappy, Retailers are unhappy, No one's winning.
This shift to a decentralized platform will enhance security and create greater value for merchants, and consumers.
The existing loyalty industry is still dominated by centralized solutions that are often compromised. Consumers experience significant friction and programs are costly for businesses to secure and support. DigitalBits exists to help solve the challenges of Loyalty and Rewards 2.0.
The DigitalBits blockchain supports fast & low-cost micropayments & remittances, and is able to facilitate cross-asset transfers of value.
DigitalBits is open-source, distributed and decentralized infrastructure. Build applications for next-generation loyalty programs.
With DigitalBits, loyalty goes further. We'll be announcing a global charitable-giving program in the near future that consumers will influence.