Blockchain Integration of Reward Points With Assemble Protocol (ASM)

Introduction

A Japanese research Group called Yano estimated that the Korean reward point market alone is worth about 20trillion Korean Won (KRW), they also estimated that the global reward point market is worth over 200trillion Korean Won (KRW). These reward points are brought about as a result of enterprises introducing reward programs for the purpose of increasing their product sales.

The process involved needs quite a lot of improvements because customers whom are primarily supposed to benefit from the reward programs have no much advantage over the purchases they make with their earned points. Assemble Protocol is a blockchain startup that inspires to build a reliable reward point business atmosphere for the benefits of Enterprises, Retailers and Consumers.

Formerly Introducing Assemble Protocol

Assemble Protocol is a blockchain powered technology, the technology is designed to aid and facilitate the global reward point market. The global reward point market primarily consists of Enterprises, consumers and retailers. With a lot of Enterprises such as airlines, e-stores and credit card companies among many others embraces a reward point program to increase their profits, attract fresh customers and for some other reasons.

Minds behind the Assemble Protocol project came across issues such;

•  Reward points being given to customers are recorded as a liability on the enterprises ends.
• Reward points are given with specific a valid date which leads to disagreement between companies with customers. This result to customers having fewer options to redeem their points within a given valid date. This is widely seen as dissatisfaction by customers and also companies find it hard to give more options to customers.
• Customers reward points are distributed all over different programs which complicates the process of point management.

Now the minds behind the Assemble Protocol went ahead to introduce a number of possible remedies to the above mentioned issues, these remedies includes;

• A lot of locations should be made available for customers to redeem their accumulated reward points as such a channel will attract more customers.

• Limitations should not be given to customers on valid dates and also they should have more advantage of using their earned reward points at different locations.
• Fresh and efficient advertisement tools should be given to retailers in order to aid their business growth and expansion.

Reward Point Market Issues in General

Issues generally associated with the global reward point system can be viewed in different perspective which includes;

Enterprise perspective: based on the imminent competitions that exist in point service marketing, giving of reward points is part of marketing tactics to provide more advantage to customers. Enterprises are compelled to take part in point marketing competition to maintain their customers’ base. However, a lot of them are facing issues of the need to allocate additional marketing expenses to attract more customers.

Financial loss due to maintenance: Enterprises are now enlarging their business to focus on areas in which their customers can use their points. The process of doing this leads to huge allocation of resources to this effect.

Liability in financial statement: The difference between Enterprises and the customers involved in reward point system is very wide in the sense that products sold by Enterprises are recorded as percentage of points earned by customers and as a liability in the enterprises financial statement.

Assemble Protocol’s Blockchain Solution to the Reward Point Market

The team implemented the utilization of blockchain technology for reward point market in order to take advantage of the benefits it comes with, such as the possibility of minting and spending tokenized assets. The team will utilized blockchain technology to tokenize their reward points, thereby making it a walk in the park for customers to get value from their earned points. Apart from this major benefit, other benefits that could be derived from utilizing blockchain technology include;

• Expandability to the global markets: with the utilization of blockchain technology, Assemble Protocol is designed to provide services across the global community.
• With blockchain technology, reward points networks can be integrated with different world partners to form a single network which will greatly speed up transfer time.
• All records and transactions are permanently recorded in Blockchain to prevent forging and falsifying.

Notable Benefits from Utilizing Assemble Protocol Ecosystem

• The Assemble Protocol ecosystem gives its clients the advantage of being able to seamlessly convert their points earned from different global partners to single ASM token.
• Any customer can buy and sell in the Assemble Protocol’s ecosystem, while earning the benefits that are being awarded to customers that purchases a product from retailers.

Notable Partners

The top notably partners of the Assemble Protocol’s ecosystem are YWmobile, STA1.COM and CLUBPASS.

YWmobile offers Mobility of demand services. This services connects all activities that meets customer's needs. YWmobile has a flagship of self-developed technology service which customers can leverage for voice calls.

STA1.COM is a fashioned ecommerce that allows customers to purchase product at an affordable price through online data fashion items.

Assemble Protocol’s Token (ASM)

ASM is an ERC20 compatible token that is built in the ethereum blockchain. ASM has a total supply of 1,500,000,000 billion tokens that will be utilized as the utility token within the Assemble Protocol’s ecosystem and an asset that reward points will be redeemed into. The token has quite a wide range of use cases that will do well in improving the token value steadily over time.

Meet the Project Team

Project Roadmap

Conclusion

Assemble Protocol’s technology is focused on a global market that has a lot of upward potentials. The team consists of great minds that have a long term experience in their chosen business focus and their idea is not any ambiguous to say it cannot be achieved, the team can deliver and it will be huge.

For Further Findings, Follow the Links Below;

Project Website Project Whitepaper Telegram Community

Twitter Handle Facebook Page Project Subreddit

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