Fujitsu Rolls Out System That Turns Reward Points into Blockchain Tokens

Japanese IT giant Fujitsu claims it has released a blockchain-dependent knowledge storage process that can be utilized by retail retailers to tokenize common promotional applications these as discount coupons and reward details.

According to a press launch published Wednesday, the process – at present getting rolled out in Japan – can be integrated with the promotional activities of retailers in shopping facilities or tourism zones that traditionally allow individuals to devote discount coupons or digital details been given from a person shop at unique stores within just the location.

By tokenizing these digital details and discount coupons, the blockchain process can course of action and keep consumers’ use transactions in a decentralized fashion, reducing the workload of a common knowledge center and permitting for far better knowledge investigation, the firm claims.

The greatest objective, according to Fujitsu, is to revitalize regional economies – that is if the software can be expanded throughout communities where tokenized details can circulate between outlets, eating places, educational facilities, transportations and tourism web sites.

To get there at its ultimate solution, Fujitsu conducted various field trials making use of blockchain technological know-how by partnerships with unique businesses, like railway, telecoms businesses and hassle-free outlets. In March of this year, the company analyzed the issue-tokenization technological know-how at a person department of Taiwan’s FamilyMart hassle-free outlets, where a dispersed ledger platform was utilized to transact and keep users’ digital stamps in the shop.

Fujistu is no stranger to blockchain, having taken component in pilots screening the technological know-how in dollars transfers and having currently launched a identical process for safe knowledge sharing. Much more not long ago, the firm released a blockchain innovation center in Belgium to facilitate investigation and jobs around the tech.

Potentially most notably, in March the firm unveiled a new technological know-how that it explained could support to mitigate challenges with Ethereum sensible contracts.

Fujitsu graphic by means of Shutterstock

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