Wondering how you can make your rewards program app using blockchain technology?
You are on the right track to leapfrogging ahead of your competition. In this article, we will answer the most popular questions about Blockchain rewards program app development.
Let’s get started!
How can blockchain help with building loyalty rewards programs?
Blockchain, by its very design, boosts transparency, efficiency, and security. If you’re wondering whether blockchain technology can be hacked, read this blog post. The technology achieves this due to its distinct characteristics, which are as follows:
- Blockchain networks are decentralized, “Peer-to-Peer” (P2P) networks, and public blockchains are open to anyone. Permissioned or private blockchains allow only trusted parties to join.
- Every computer on the network, i.e., a “node”, has the entire transaction history, and effectively acts as a complete ledger. Hackers can’t shut this network down by attacking one server. Therefore, we call it “Distributed Ledger Technology” (DLT).
- Blockchain uses decentralization, digital signatures, data …