Introduction
Have you been looking for a retail platform that makes you shop from any place you are whether online or offline, and allows your user shopping experience is superb one?
Look no further, Universal Reward Protocol is the platform.
What is Universal Reward Protocol?
Universal Reward Protocol (URP) is a blockchain platform whereby retailers compensate those who shop for products and also collecting their data behavior. The retailers online have depends on data collection from shoppers to serve the customers with good service delivery and survival; this has made offline retailers lost many customers just because the fail to understanding their customers preferences and taste.
Now both retailers has observed this strategy works, they’ve devised their own strategy towards achieving, by means of engaging with their customers either offline or online.
With the few presence of online store, the very large number of the offline customer behaviors clearly shows a high potential market that gives us the needed clue.
Individual customers deserve a better transparent platform where their data will be truly secured after sharing their behavioral pattern. On this note, this reason birthed Universal Reward Protocol (URP), a blockchain enabled protocol where retailers compensate their customer by sharing their behavioral data and interacting with them.
How URP works?
Universal Reward Protocol serves as the encompassing infrastructure for blockchain based decentralized applications (dApps) that help in analyzing shopping behavior. It makes use of the smart contracts; which enables the retailers have a behavioral requirement for customers to fulfilled and earn a reward. With the help of Proof-of-Behavior (PoB) each decentralized application on the URP will defines a certain behavior set by producing the Proof-of-Behavior.
Competitive Advantage of URP
Data Security and Transparency
Being a blockchain enabled ecosystem where one can total control over his or her data while still getting a great offers from retailers of your choice.
Rewards Earnings
It is easy for customers to gain URP tokens just by sharing personal data with the retailers. It makes it possible to sharing the location of a sale, purchases, sales point, and so on. It make easier for customers to earn their rewards.
Digital Universal Wallet
URP uses the digital wallet to allow users checking their redemption rewards and contracts at any time. You can change your privacy settings with token.
Data Distributed Storage
This is a sensitive data receipt that makes stop isolation between your data and the retailers while your data will be open in the node of the network, then URP will decide which retailers they want to share your data with.
IoT Utilization Technology
It joined the blockchain system with the IoT. This will make users to receive holistic reports of their data to know their purchase habit and also encrypting their data protected from an illegal system hackers and intermediaries.
Token
Currency used on the platform is called URP token. It will be the rewards offer by the retailers and use it to get the desired result for the customers. It will be the internal currency used within the ecosystem. The token will be used as a means of loyalty reward to increase participation on the platform.
Token Details
Token: URP
Price: 0.1 EUR
Platform: Ethereum
Accepting: ETH
Soft cap: 5,000,000 EUR
Hard cap: 20,000,000 EUR
Conclusion
Universal Reward Protocol (URP) is a blockchain platform whereby retailers compensate those who shop for products and also collecting their data behavior. Universal Reward Protocol is the platform that solves all the problem of retails store due to its leverage on the blockchain and IoT technologies.
More Resources
WEBSITE: https://www.rewardprotocol.com/
WHITEPAPER: https://rewardprotocol.com/wp-content/uploads/URP_Whitepaper_VL2.pdf
TELEGRAM: https://t.me/UniversalRewardProtocolOfficial