Digitalbits Ico

Annotation. Blockchain technology is advancing as one of the greatest technological advances of our time and is seen as the solution to many

technical problems faced by industries in sectors such as finance,

automotive and retail. Despite increasing attention and use, the mass

implementation of cryptocurrency has not happened yet. Since we are crossing

the gap from the vision phase to the actual use phase? To do this, the blockchain technology must target the already existing legacy market, which is already

owns billions of user accounts worldwide in the digital category

assets; Not

create a competing tokenized digital asset but transform instead

these obsolete digital assets in tokens on a public chain of blocks with a key

functionality that benefits both consumers and issuers

these digital assets.

This white paper fills a gap in modern technology, presenting the infrastructure based on the DigitalBits blockchain, which creates a bridge that facilitates

the introduction of new technologies to support and improve our daily interactions, as well as promoting the mass adoption of blockchains.

DigitalBits Blockchain makes it easy to tokenize assets using transactional and trading levels to save points. We represent loyalty and

bonus points focused on the running case, describing in detail the advantages of the system,

state the requirements and goals, as well as the DigitalBits network and ecosystem architecture. In addition, we present on board

The process of digital assets and asset tokenization, which is a must-have functionality of our platform. In addition, we present a novel

the idea of token name certification service (TNCS), which prevents the illegal tokens from issuing and distributing malicious network objects

assets with which they are not associated. Finally, we present XDB

token value proposition and the surrounding token ecosystem

it feeds the platform.

Introduction

The vision of cryptocurrency has been taken by many people around

World. In 2017, the world began to surge in primary offers of coins (ICO) with

related technical documents that aroused great enthusiasm among futurists

Possibilities of blockchain technology and token utilities [3] [43]. However as

the end of 2018 is close, many are beginning to wonder: when

these cryptocurrencies and service tokens begin to be widely used in real conditions and

Adoption? As we cross the chasm from the vision phase to the actual use

phase? To do this, the blockchain technology should target the already existing legacy market.

which already has billions of user accounts worldwide in the digital asset category;

Not to create a competing tokenization digital asset, but instead to transform

inherited digital assets to tokens in a public chain of blocks with key functions

This benefits both consumers and companies issuing these digital assets.

Points of loyalty and rewards (LRPs) represent a unique opportunity as a first

a digital asset category to use the digitalbits blockchain and help increase the mass

Cryptocurrency implementation growth. Such programs are recognized tools to increase customer engagement and brand awareness. Needless to say, because of their

Recognized and enormous potential, these membership programs spread throughout

In some industries, such as travel, retail, financial services, etc.

a successful loyalty and rewards program ensures that the customer keeps coming back

on a specific brand to make purchases and subsequently receive a reward

thereby strengthening loyalty and retaining customers over the years. On

at the same time, companies that effectively create, launch and launch loyalty programs

emphasize their commitment to long-term relationships with their clients [29].

The 2014 report suggests that 91% of companies use some form of customer.

participation or loyalty program [18], resulting in 3.8 billion loyalty

participation in the program only in the United States [12]. On average, a US household participates in 29 different loyalty programs [11], while in the UK

The average client is a member of more than 14 different loyalty programs [14].

According to the 2017 report, the overall assessment of corporate responsibility for

Loyalty points have exceeded 100 billion dollars, which represents a new unsurpassed

high and huge business potential [6].

However, despite the wide availability of these programs, only a small

share of their potential is used. Consumers are usually discouraged by unnecessary barriers to accumulating and redeeming their points and changing the rules or rewards of a program. Consequently, users are easily frustrated and millions of points

not redeemed. In addition, the lack of portability and portability of most

LRP programs affect their perceived value to customers, as they cannot

transfer or redeem these points at any time for other points they desire. of

total estimated value of points and miles issued in 2010 in

US, about 16 billion dollars