Plentix’s platform will use blockchain technology to store and keep track of referrals and payments. As blockchains are immutable, they are the perfect medium on which to store data that all parties can trust. In an improvement over the current situation where customers may lack faith that their referrals are rewarded, on Plentix’ platform both businesses and customers can enjoy a ‘trust-less’ experience. On one hand, businesses can use the blockchain to verify the authenticity of referrals and customers have the peace of mind of knowing that every referral they make is stored on the blockchain.

Let’s see how the referral program work:

Screenshot from the Plentix website

As seen in the image above, the referrer (Jess) and the referred (John) both need to have access to the Plentix platform, either through a computer or via the forthcoming Plentix app. The process begins when a business, say Uber, decides to create a referral program through the Plentix platform. Uber can choose which customers it wants to reward and what form the reward should take. Rewards can take the form of either discounts or the new ‘Plenty’ cryptocurrency. As all transactions utilize ‘smart contracts’ on the blockchain.

Head on to the official website to learn more about the project and know how you can contribute to the upcoming presale!

http://plentix.io/

Join the community!

Telegram group: https://t.me/joinchat/BDJxjxEf3BUMKQLa3pIAHA

Facebook: https://www.facebook.com/plentix

Twitter: https://twitter.com/plentix_ico/

Together let’s transform the referral economy!