Flot is a blockchain based Inter-Operable Fungible Loyalty Tokens. The ides is to bring all non-competing business into one umbrella and let them share the value of Loyalty Points together hence inter-operable.
Flot is first presented in “ICICI Appathon”, its mobile app development challenge. Flot got special mention from the Jury. The jury comprised Mr. Rajiv Sabharwal, Executive Director, ICICI Bank; Mr. Anup Gupta, Managing Director, Nexus Venture Partners; Mr. Ashish Kumar, Vice President - Cloud, IBM Asia Pacific; and Mr. T.R. Ramachandran, Group Country Manager-India & South Asia, VISA.
- Loyalty points are fungible across platforms
- Tamper proof storage
- Convertible to Fiat Money/Crypto-currency
- Seamless integration with any other platforms.
- Easy to manage redeems, no double spend.
- Offers and vouchers can be executed as a smart-contract
- Multiple activities can trigger loyalty points
- Easy to manage micro-loyalty points