With businesses getting competitive in this time and age it is of utmost importance for them to keep an eye on whether the customers are satisfied with their products or services. At time they do try hard by conducting manually surveying which doesn't reflect the true picture.With so many avenues are there to provide services and deliver their products like online, offline this manual feedback system doesn't solve the problem anymore .This system also lacks any metrics to judge ones services with the best available.To solve the problem let me present you the idea of Sandblock; Satisfaction Protocol .
Sandblock aims to enable every merchant or brand to reward their customers for their engagement and loyalty using cryptocurrencies and the underlying blockchain technology in a frictionless fashion. The Sandblock ecosystem is composed of a network of merchant partners, their customers and third party actors such as marketing agencies, all connected through a decentralized protocol.
Sandblock’s goal is to unify the scattered field of customer satisfaction while enabling merchants to keep their advantage over the competition when they decide to credit a customer for their engagement and loyalty . To achieve this, Sandblock enables each merchant partner to create its own cryptocurrency (Branded Tokens) based on the Satisfaction Token. Branded Tokens are deployed and created using Smart Contracts which will describe the set of rules applied by the merchant to reward his customers fortheir engagement. The Satisfaction protocol is then responsible for the reward computation and autonomous allocation depending on the rules set by the merchant.
Satisfaction Token & Branded tokens Satisfaction Token (SAT) is an ERC20 tradable cryptocurrency on the Ethereum blockchain. The SAT will be created during a crowdsale. Branded Tokens is the name used to describe a token created by a merchant using the Satisfaction protocol. This is a generic name as partner merchants will have to choose a name for their currency (e.g “MyShop Coin”) to keep their branding while using the protocol and make things easier for their customers. Branded Tokens are linked to the SAT at a ratio defined at their creation (e.g 100 MyShopCoin = 1 SAT). Branded Tokens contract only allow them to be sent to predefined addresses (the merchant wallet(s)), and through peer to peer transfer handled by the Satisfaction protocol forthe same amount of SAT.
Sandblock will create its own cryptocurrency - named the Satisfaction Token (SAT) - during a crowdsale or Token Generation Event (TGE) which is currently ongoing.All relevant details are available on their website https://sandblock.io
Satisfaction Tokens (SATs) will be created during the crowdsale at a specific rate. There is a total of 55 000 000 Satisfactions Tokens with 50% of them (27 500 000) for sale during the Token Generation Event. During each phase of the Token Generation Event, all unsold tokens will be burnt after the event ends. Once the crowdsale finishes, the maximum supply of Satisfaction Tokens will be fixed and immutable.
Visit www.sandblock.io to know more about the token matrix.
Read more here in their whitepaper
https://sandblock.io/whitepaper.pdf
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