The benefits of VOUCHAIN are versatile and unique for all stakeholders of the value chain!
Centrally managed voucher systems vs VOUCHAIN
Centrally Managed Voucher Systems
Vouchers are not programmable.
Vouchers are flexibly programmable through smart contracts.
Vouchers can not be personalized.
Vouchers are personalized (owners are anonomyous ). Transfer of voucher ownership between users is possible.
Vouchers can be and forged and manipulated.
Thanks to a sophisticated cryptographic process , vouchers are fraud resistent and tamper proof → Double spending is impossible.
Settlement of Payments
Settlement of payments between retailers and shopping centres usually take up to a couple of working days.
Settlement of payments between retailers and shopping centres is automatically done via a token based payment process in real time.
The average costs of managing vouchers are significant.
Eliminating the intermediary, as well as an outsourcing/decentralization, VOUCHAIN saves significant costs for shopping centres , stationairy and online retailers.
Giftcards and vouchers are either “Closed Loop” or “Open Loop”
VOUCHAIN combines the advantages of Closed Loop and Open Loop vouchers . Acceptance of vouchers can be flexibly adjusted.
Voucher value is usually based on fixed amounts (e.g. 5, 10, 15, 20 EUR)
Voucher value is variable and determined by the end user. It is further redeemable in partial amounts. Vouchers can even be cancelled. Vouchers are issued on- demand (whenever a customer purchases and pays for it).
Integration with bonus-, loyalty-, couponing programms/App only possible under certain conditions.
Bonus-, loyalty-, couponing programms of retailers can be easily integrated with the VOUCHAIN mobile wallet and benefit from the advantages such as on-chain visability of transactions.
Combination with Marketing Opportunities
Vouchers can not be tracked.
With the help of a “Blockchain Explorer” and Dashboards, all transactions are visible from the individual retailers, and can be used for marketing purposes. One example is market forecasting combined with loyalty programs.