New OST Partner PassKit to Reinvent Loyalty Programs Through Tokenization

50,000 businesses already use PassKit to connect and engage with over 250 million people worldwide.

Today we are pleased to welcome PassKit as a Partner Company.

PassKit has entered into a strategic partnership with OST and the OpenST Foundation in order to launch a distributed loyalty token, DisLoyal.T, on OST technology and the OpenST and OpenST Mosaic Protocols.

Paul Tomes, CEO and CO-Founder of PassKit and Chris Dark, CCO & Co-Founder of OST and Board Director of the OpenST Foundation, discussed the partnership with Jose Mota on OST LIVE:

With expertise in mobile wallet, beacons, chatbots, blockchain, and CRM/POS integration, PassKit ensures that businesses of all sizes can quickly and easily access the latest customer engagement technologies to create exciting, rewarding mobile moments for their customers; ultimately inspiring action and loyalty beyond likes and follows.

PassKit’s customers include some of the best businesses across retail, hospitality, travel, insurance, F&B, telecommunications and financial services, including Best Western International, DFS, Swire, FWD Insurance, Now Health, AIS, Heathrow Airport, and Azul Airways. 50,000 businesses already use PassKit to connect and engage with over 250 million people worldwide.

DisLoyal.T will enable businesses to leverage next-generation blockchain technology in order to further engage with their customers in a novel, highly customer-centric manner. Key benefits include an effortless sign-up, full transparency, real-time balance accuracy, and seamless exchange of loyalty tokens with other businesses in the network, and to local fiat currencies.

We know that blockchain delivers enormous benefits for loyalty program providers. And with over 1 Million loyalty point earning opportunities every second, customers are demanding more transparency and interoperability on the loyalty points, the assets, they have earned and own. Building with OST and contributing to the OpenST and OpenST Mosaic Protocols will enable us to deliver blockchain-powered solutions to our customers, at scale, and at a much faster pace. — Paul Tomes, CEO & Co-Founder of PassKit.

For over a decade I have thought centralized points-based loyalty programs have not given customers the protection and flexibility that they deserve, PassKit already has access to programs with 100m+ customers, and they are poised to add many more forward-thinking businesses to their platform. — Dr. Chris Dark, CCO & Co-Founder of OST and Board Director of the OpenST Foundation

PassKit already has built up significant experience working with Hyperledger blockchain technology. Following an extensive review of several blockchain platforms, PassKit chose to work with OST and the OpenST and OpenST Mosaic Protocols.

Our experience with blockchain allows us to naturally build upon the OpenST and Mosaic protocols, whilst also leveraging the suite of OST KIT developer tools and APIs. We believe this combination is optimal for providing the most customer-centric loyalty programs to our clients at mass consumer internet-grade scale. — Nick Murray, CTO and Co-Founder of PassKit.

Benjamin Bollen, Chief Blockchain Strategist, and Co-Founder of OST, and lead developer of OpenST Protocol and OpenST Mosaic concludes: