What is a Blockchain?

A Blockchain is a list of records, or blocks, that contain verifiable data that is distributed by a peer-to-peer network. This data can be anything from monitary cryptocurrencies such as Bitcoin or Ethereum to private or public documents such as contracts or medical data. The Loyaltymatch cloud-based Loyalty Platform utilizies the blockchain to better reward members.

Bitcoin is one of the most common technologies utilizing a blockchain. Bitcoin uses peer-to-peer technology to operate with no central authority or banks. Managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source. Its design is public. No one owns or controls Bitcoin. Everyone can take part. Through many of its unique properties Bitcoin allows exciting uses that could not be covered by any previous payment system.

More Blockchain and/or Bitcoin information is available from Hyperledger.org or Bitcoin.org.

What is Blockchain Loyalty powered by LoyaltyMatch?

Blockchain Loyalty powered by LoyaltyMatch is a cloud-based loyalty management and gamification platform with social loyalty engagement that is designed for merchants who accept cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.) for payment or employ a blockchain for other operations. The Loyaltymatch Platform integtrates with a blockchain, monitoring it for activity and awarding blockchain transactions be pre-defined rules.

How does Blockchain loyalty work?

The LoyaltyMatch system monitors the blockchain network by watching for transactions to pre-configured blockchain addresses. When transactions to these addresses are detected members are awarded points based on the transaction amount. Merchants also have the option of offering loyalty points for non-commerce activity such as posting of documents, verifying identity or transactions, etc.

The Blockchain Loyalty system, powered by LoyaltyMatch, integrates with most loyalty systems allowing blockchain capabilities to be easily added to your current loyalty program. Alternatively, the blockchain Loyalty powered by LoyaltyMatch platform can support a merchant’s complete loyalty program including mobile, web, tablet and social.

Points awarded
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Why Offer a Loyalty Program powered by LoyaltyMatch?

LoyaltyMatch's loyalty platform encourages Bitcoin and other cryptocurrency commerce via eCommerce, social commerce or POS systems, leading to an increased share of the customer’s wallet. Additionally, you can incent members for engaging with your brand by offering loyalty points for social interactions including Tweets or Facebook posts, checkins, mobile downloads or referrals.

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