Overview
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They are several challenges in the commercial service system and we can all attest to that. The major challenges we can all relate with was the issue of insufficient amount of data. Insufficient data for the consumers’ will lead to a situation whereby they will be lack of ideas of maybe in the store and they will not be any means in knowing the customers’ taste so as to ascertain their feedback.
On this note, some retailer channels their resources into a new investment, but it is on record that such investment never serves the real needs of the customer. However, the online store most times has the opportunities to interact and get in touch with their consumers.
This is not the case for the offline store because their physical means of operation has limited such move. Even at times they do not have the knowledge of what their customer’s needs; therefore they will remain incommunicado.
However, loyalty reward is another program that can be used to attract customer and knows their taste. This means that customers will shares their feedback and review; this will be a perfect means of getting customers data to serve them better. According to a statistics which shows that about 75% of the people love getting rewarded for their activities and 77% of the people will love to have a personalized benefit. Unfortunately, a lot of retail dealers do not consider this option by paying attention to these greats information because they are of high priced, complex and time consuming.
Additionally, the relationship with any major company especially the big ones among them, a lot of customers are always fretting to sharing their data on feedback basis, because if these data are compromised, it will pose a bigger risk on the privacy breach of such person on the internet. It has been going on for long; this was why everyone is not comfortable trust to share their data to these companies.
These are what Universal Reward Protocol or URP will help putting a stop to by addressing the issue of data sharing holistically. URP team after taking a careful observation of this problem , they came up with a good creative idea in solving it.
About Universal Reward Protocol
Universal Reward Protocol is a solution enabled platform which is based on blockchain. It is created for the mission to help get feedback, experience, customer demand and everything in exchange for an amount tokens with the retailers help. It will allow the retailers to understand the need and tastes of their consumer, build and stock products according to their needs. This platform is not limited to the retailers and shop owners. It is a strategy that can be applied globally for the proper understanding of consumers needs as regard products.
The both parties will have a win-win result because the consumers will be pleased and give the feedback which expand the commercial value in the market on a fast pace.
Competitive advantage of Universal Reward Protocol
Retailer will be able to give their consumer the avenue to sharing experience and data when they purchase and receive their data in exchange for URP. The buyer gets rewarded based on the data gotten by the retailer. Afterwards, such data will be processed and used in different ways. For instance, such retailer will basically get rewarded and earned from that information by knowing the consumers need, experience and preference. When perfectly analyzed, the data will be used in such a way that it can satisfy such those consumer, while also profiting the retailer business.
Benefit of Universal Reward Protocol
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- Transaction: Our physical business, transaction is always slow and takes ample time; can even take a whole time to process a fee especially. URP will make it very possible to have fast transaction speed with a lower cost.
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- Security: URP has a great ability for security. Unlike the centralized base, it will use a means of decentralization far its own benefit and advantage because centralized is prone to vulnerability. But with decentralization the data is totally safe from any means attack. This will assist in boosting the security of data.
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- Transparency: It comes with high level of transparency.
Token Sale Information
• Token Symbol - : URP
• Token Standard- : ERC20
• Total Supply- :600,000,000
• Token for Token Sale 40%
• Token Price-: €0.1
• Soft Cap-:€5,000,000
• Hard Cap-: €20,000,000
• Accepted Funds-: ETH, Fiat
Conclusion
Finally, Universal Reward Protocol, brands and retailer will be able to achieve a reliable information about their consumers transparently and filling of the gap that is been hindered by communication barrier. It works in such as a way that retailers obtain information about the customers, and they the customers will get rewarded for the engagement and information obtained. The most fascinating aspect was that of the URP earning, customers will able to get information using their phones.
Want more Information on the URP Project? Below are some useful links:
Author's Bounty0x Username: gates01
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