IOU - TRUE P2P E-COMMERCE LOYALTY PLATFORM ON BLOCKCHAIN

Empowering Blockchain Merchants and shoppers with suburbanized and secure Peer-to-Peer technology driving client satisfaction and loyalty through Merchant’s trade-able IOUs.

IOU reinvents existing loyalty systems so as to produce a lot of flexibility, control, and plenty of a lot ofedges for Merchants so as to ensure the best attainable level of client satisfaction for the incurred sellingexpenditures.

IOU seeks to reinvent the present client loyalty programs during a bid to supply a lot of edges, control, and suppleness to the merchants. Doing this can build it attainable for the merchants to ensure their shoppersthe simplest attainable client satisfaction levels. this can be in exchange for the selling expenditures already incurred.

The loyalty system being planned by note can build it attainable for the business house owners to createnew interaction levels with their people. to boot, they're going to even be ready to offer a chance for his or her shoppers to freely exchange the IOUs in their possession with alternative shoppers.

E-COMMERCE CHALLENGES

In the era of web, e-commerce is that the king. However, this exponentially growing market faces some serious challenges:

1. CLIENT LOYALTY

It is a key issue because it takes countless efforts for corporations to form a replacement client and maintain identical client for while.

One of the explanations why ecommerce corporations face the struggle whereas building trust and loyalty with client, is as a result of a vender and a emptor don’t understand one another, nor they'll see one another whereas creating a dealing in contrast to street-shopping. It takes few transactions, time and lotsof efforts by the corporate to create the client trust and loyalty.

2. ACHIEVING PROFITABLE LONG GROWTH

Increasing sales is a method to grow the business however within the finish, what matters most is profitableness. on-line retailers should always realize ways in which to chop inventory prices, improve selling potency, scale back overhead, scale back shipping prices, and management order returns.

3. SELECTING THE CORRECT TECHNOLOGY & PARTNERS

Some on-line retailers could face growth challenges as a result of their technology is limiting them, or they’ve employed the incorrect partners/agencies to assist them manage their comes. Retailers eager toaccomplish growth should turn on a decent technology foundation. they have to opt for the correct cartanswer, inventory management software package, email software package, CRM systems, analytics so far more. additionally, hiring the incorrect partners or agencies to assist them implement comes might alsolimit their growth. on-line retailers should opt for fastidiously United Nations agency to figure with.

IOU E-Commerce Blockchain Loyalty System Platform edges

By tokenizing the businessperson promotional offers through the blockchain, shoppers and merchants canget to get pleasure from the subsequent benefits:

Loyalty And Client Retention

All note obligations can endure to turn into Flagship Blockchain Loyalty Programs for the business house owners. Merchants can, thus, have access to associate degree economical and secure manner of promoting all their special offers to shoppers.

Viral Selling

Clients can primarily become agents for the merchants. they're going to be ready to target alternativeshoppers on the peer-to-peer exchange trying to exchange the IOUs they need with alternative shoppers. this can be one thing that may be supported the worth and want at the instant a dealing is being dead. it'sassociate degree approach that may build it attainable for business operators to draw in and retain a stable client inflow.

The Note Peer-To-Peer Exchange

This explicit exchange is one that's being driven by market flexibility. shoppers are going to be ready tofirmly purchase note offers from business house owners with every purchase having specific terms for the promotional service or product, e.g., exchange terms, restricted amount, and expiration date.

TOKEN UTILIZATION

The token IOUX is predicted to be utilised in some ways, including:

• written agreement Management

• very important person businessperson standing

• client Purchases of promissory note businessperson Offers

• Loyalty Token Grants

• Promotional Offers

Merchants should pay five-hitter Gas fee in promissory noteX Tokens for each IOU provide issued for shoppers (in addition to the five hundred Fee on any purchases created by alternative cryptocurrencies, whereas purchases created by IOUX Tokens would be exempt).

In exchange, to supply incentives for the IOUX Token holders, each IOUX Token dealings would be granted a further five-hitter Discount to the shoppers. extra ten Loyalty Tokens would be equally whenever to eachMerchants and shoppers once accumulating transactions of one,000 Tokens.

Merchants would even have AN choice to Guarantee the Service and issue refunds of payments if product or service offered by their promissory note offers wasn't satisfactory. Thus, extra promissory noteX Tokens would be escrowed till the completion of the term of the IOU provide.

During issuing of promissory note offers, Merchants should conform to the Token Discount, Service Guarantee, and Gas Fee Terms.