Fungible Loyalty Tokens

Ethereum Blockchain Experiment

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.

Key elements

  • Loyalty points are fungible across platforms
  • Tamper proof storage
  • Fungibility
    • Convertible to Fiat Money/Crypto-currency
    • Inter-Operable
  • 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