The blockchain provenance feature provides complete, shared and auditable history of all transactions done on blockchain, to all permissioned users. The shared information will help organizations to reduce the program liabilities by encouraging customers to redeem their unspent loyalty points.

Blockchain based reward systems integrated with social media platforms helps organization to cut cost of running programs.

Smart contract technology allow organizations to define rules and protocols to create loyalty tokens at the onset of transaction e.g. exchange , issuance and redemption and govern the value of exchange associated with tokens as decided by various partner organizations.

No mining is required to create coins and algorithm-generated loyalty tokens will be generated at onset of transaction and all transactions are stored in distributed ledger available for all participants.

Group of partner organizations can implement mutually agreed and enforceable contracts by defining their own set of rules for Loyalty rewards transactions, through blockchain smart contract technology. These rules are used in validating all transactions done across multiple organizations.

Organizations can decide on who will validate the transactions and who can participate in blockchain network.

Implementation of loyalty platform on blockchain reduces the system management cost for an organization in running transactions over their private servers.

The shared blockchain based loyalty platformconnects multiple disconnected programs, vendors and organizations on single platform which allows customers to redeem their loyalty points with several different organizations without expensive interoperability needs.

Customers can interact with multiple different organization programs using a single wallet so they need not to interact with different service provider web systems to redeem their loyalty points.

The blockchain connected loyalty network creates unique business opportunities for organizations as they can use shared loyalty platform to offer value added services to other organizations.

No Trusted third party intermediation required in validating reward transactions across different organizations using blockchain technology.

Blockchain provide API layer to interact with external provider systems and databases and smart contract functionality can be exposed as REST web services for creation of new customer(public key), adding Loyalty point tokens in customer account, transfer tokens, add or subtract tokens (issue or redeem) from one account to another account.