The SLP Network is a brand new company looking to give a permanent solution to the main problem faced by loyalty programs of big and small companies across the world: The fact that nobody gives a damn about them anymore.
Using digital currencies, the SLP network is looking to create a brand new platform, where companies can come along and revamp their reward programs using Blockchain Technology. The Analytics to improve their data management and offer better rewards targeted at specific audiences and demographics.
Why it’s healthy for a Company to Revamp Their Loyalty Program?
Getting involved with the SLP Network will bring a number of benefits to both business owners and their customer base. The first one is that customer will now shop transparently, and the company can offer rewards based on actual sale conversions. The data secured by the process managed by the network will be 100% reliable since it will be registered in Blockchain logs.
The loyalty programs can stop being a random offering and be a little bit more attached to the business model of the company. The use of token utilities to claim rewards will make sure that the customers get what they actually want using flexible operational methods handled using smart contracts.
The Principles behind the SLP Network
Since the SLP team is making clear in their offering their intention to use data to improve the business model of many enterprises, they have committed to a series of principles to make sure that everyone gets the better end of the deal on a balanced fashion.
• Their first offering is high-speed transactions that will be instantly validated creating a dynamic that has no room for delays.
• Their second offering is to charge low fees for their services to make each transaction as friendly and cost-effective as possible.
• The third offering they are willing to commit is to allow easy integration of their technology with any company’s existing tech to improve their loyalty programs.
• Their last offering is the full independence of their proposed marketplace since the loyalty points will be managed by the old rules of supply and demand each company will be able to handle their stock in the way they see fit.
The Features of the SLP Network
The features that make the SLP Network work are presented in three separate layers that will work as one to make the platform as efficient as possible. They are easily identified in the company’s whitepaper, and the function of each one is described as it follows:
• The Token Layer will be the one where all payments and transactions made using the network’s SLP tokens will be registered. Users and business owners will get a glimpse of how loyalty tokens are traded for specific goods and services.
• The CRM layer will be where all the data collected on each transaction will be stored in its more raw form. The company can decide to handle this data using the analytics features of the platform or to do it manually for their own purposes.
• The last one is the Analytics layer. Here’s where all the data will be sorted using the system custom algorithms to process the data according to the wishes of each company to shape their relationship with their customers in more personalized fashion.
Even with a few companies looking to solve the same type of problem, SLP Network is the only one doing so by backing their operation using the all-powerful Blockchain Technology. To learn more about their operation, you can visit https://slp.network/, Facebook, Twitter and join the Telegram.