URP:UNIVERSAL REWARD PROTOCOL BLOCKCHAIN SYSTEM

haykayraymon (25)in #bitcointalk • 6 years ago (edited)

INTRODUCTION
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A storm has hit the investment market that we tend to aren't reaching to pass though, Crypto investment is that storm. With strict capital controls in situ by most countries to manage the flow of cash and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, resulting in a rise in demand. Cryptocurrency has been able to gift a simple to use digital different to rescript currencies. providing resistance transactions and inflation management, investors are prudent enough to feature these currencies in their varied portfolios as associate degree plus, because the
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While this revolution is gaining wide acceptance, Universal Reward Protocol, a blockchain-based Protocol within which retailers will reward shoppers for many forms of behavior, comparable to merely visiting a store has arrived.

ABOUT UNIVERSAL REWARD PROTOCOL
Universal Reward Protocol provides a singular scheme for all retailers to reward their customers for any variety of searching behavior, and for sharing the corresponding Proof-of-Behavior information with the distributer.
Retailers supply URP tokens as associate incentive for shoppers to act with them on a desired behavior, and use the collected information to tailor customized offers through that the patrons redeem their tokens.

PROBLEMS AND chance
The team behind Universal Reward Protocol known four main limitation points within the searching expertise supported their expertise within the retail business, each from the distributer and also the shopper perspective:
• In associate more and more competitive market, particularly since the emergence of pure players, the market share of physical retail is decreasing and a brand new shopper expertise should be created
• Retailers area unit insulating material behind pure players on information assortment and usage, even if they need a a lot of frequent and privileged access to customers

• Customers need a a lot of tailored expertise, on-line and offline, whereas keeping their personal information personal and valuable
• Loyalty programs to boost client expertise haven't given full satisfaction, neither to retailers nor shoppers

Despite this in progress decline, physical sales still represent ninetieth of retail sales1 worldwide. Digital has become a part of a home daily routine and most sales currently begin on-line (56%). it's a part of the human behavior to expertise pleasure once obtaining rewarded, as is printed in varied activity analysis.
The plus that product stores represent will be higher leveraged if retailers area unit able to establish direct custom digital communications with shoppers and enter into a private relationship with every of them. Shopper expertise will be revolutionized and created less of a job and a lot of of leisure. That’s why Universal Reward Protocol has the potential to disrupt the old style reward business.

Innovation

Disseminated Data Storage on a cross breed blockchain engineering.
Customers offer agree to every datum catch to ensure information straightforwardness. Delicate receipt information is disconnected between retailers, while route information is openly accessible to all hubs.

Neural Net
All information is nourished to our profound learning layer for promote prof iling and investigation, permitting the arrangement of custom recovery offers customized to singular needs.

IoT Sensor
IoT sensors fueled by Occi utilizing geolocation innovation, as of now covering in excess of 100,000 square meters of best retailers space, distribute the information safely on the blockchain. They are conveyed inside a work system to make setup more straightforward and the information catch more strong.

URP TOKEN ROLE
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The URP is a generic ERC20 utility token and has a double capacity:

Retailers will circulate URP to remunerate customers in light of standards of their own picking. Customers will recover these URP through customized offers, for example, rebates, endowments or premium administrations, with all retailers in the system

The URP will be utilized as motivation for all partners of the URP to act effectively, averting misrepresentation and anchoring the system, and to sort out convention administration
UNIVERSAL REWARD PROTOCOL answer
Universal Reward Protocol (URP) could be a new means for retailers and makes to move directly and transparently with their shoppers, and mechanically reward their behavior and information sharing during a customized, economical means. The solutions include:

Reward sensible Contract
Each reward operation are handled by a gift sensible Contract. Retailers will produce new reward campaigns by filling the Reward sensible Contract type. IoT sensors will act as AN oracle to certify the dealings.

Universal Digital pocketbook
A digital pocketbook that permits shoppers to question the loyalty network for rewards and redemption contracts at any time, check the balance of their pocketbook in URP tokens and edit their privacy settings.

Retailers redeem tokens through customized offers
URP tokens may be changed for merchandise and services, coupons, and improved shopper expertise with all retailers within the network. These redemption offers area unit tailored to match every shopper’s desires and needs victimization the information they selected to share with the network.