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Showing posts from December, 2020

Reward loyalty points to customers for saving their health – Why not?

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  Using loyalty points is a tool that targets the collection of credentials from customers and accelerates patients' participation.  Today's information databases are vaguely disseminated. It requires people a considerable amount of time and money to collate and analyze these databases with others continuously. Information, which is retrieved mainly indirectly or being purchased from third parties, is not always authentic. A long-term fix to this problem could be the direct procurement of credentials from targeted customers/organizations. Using loyalty points is a tool that targets to encourage the collection of credentials from customers. Rewarding customers with redeemable points every time they take the time to comment/review/feedback is a method of delivering positive results for the loyalty strategy. Designing a customer-centric loyalty points system will help drive the health care industry's robust information systems globally. As a result, experts choose blockchain ...

Design fruit traceability for the growth of agricultural supply chain

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  A blockchain fruit traceability solution complying with GS1 standards are recommended to the companies in the agricultural supply chain industry. 80% of end consumers are more open to products that enable traceability information than products without a public traceability policy. Very few consumers will indeed look up the traceability code; however, they still want this option in the list. For consumers, traceability information represents a guarantee of food safety, but for the whole of agriculture, it's a question of maintaining quality, running the supply chain, and efficient recovery. Its core is information standards for fruits and vegetables, where they originate, and where they are in the supply chain. The incorporation of GS1 standards in blockchain fruit traceability solutions makes verification easier for businesses and governments. This solution maintains more economical for businesses when exporting to global markets and contributes to the increased product value. A...

Experts discuss on blockchain Digital ID: The pros and cons in 2020

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  Organizations should approach blockchain digital ID by different methods. Consult experts’ opinions for a more comprehensive view of the solution.  Blockchain Digital ID has a far-reaching influence on the operation method of a variety of industries. Its emergence generates a deep relation to many of today's identity systems, business models, and other technologies. Many discussions have arisen with the opinions of digital transformation experts. Most of them expressed their confidence in this solution, but there are also concerns about the risks of applying new technology. There are many players on the market, but below, we summarize some of the leading players’ opinions related to this topic, which represent the diversity of the digital ID blockchain approach on the market. McKinsey focuses on exploring the impact of Digital ID on benefits in the banking and financial industries McKinsey stated that a digital ID could help all people around the world, whether or not alrea...

Transform banking by mastering blockchain-backed CX solutions

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  Seeing through blockchain-backed CX solutions and the technology’s potential in real-life business. What is the formula to achieve success? Blockchain attracts a massive audience around it that appreciates and wants to embrace its capabilities. However, specialists in the banking and finance industries share a great deal of dedication to this technology.  By 2018, 90% of European and U.S. financial and banking institutions have begun to implement blockchain technology. The fundamental explanation for this is that this technology is capable of reducing the cost of banking infrastructure by 30%.  Since the blockchain market is expected to develop up to 20 billion in annual revenue by 2024, blockchain in banking & finance will grow significantly. In short, this technology will be a significant transformation strategy to change the banking and finance environment in the future. In particular, banks' CIOs are actively applying blockchain to develop CX solutions. 41% of c...

The common misconceptions of blockchain-backed digital ID

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  Focus on some common digital ID misconceptions. Understand what a digital ID is and what it isn’t, businesses are in the race to not be left behind. Switching to digital IDs is inevitable to enhance identity management in the digital transformation landscape. Enterprises are actively encouraging customers to use more online verification services and available applications (for example, online banking). However, the concepts surrounding digital ID are still ambiguous. To truly bring Digital ID to life, identifying and addressing the ambiguities and concerns surrounding digital id needs to be done as soon as possible. Below, akaChain gives some common digital ID misconceptions that misrepresent its meaning and affect its implementation process. A digital identity requires highly personal information for identification To track consumer identity, many organizations make the mistake of putting confidential personal details like full names or social security numbers in their system....