Al Burgio - Founder at DigitalBits - Blockchain Technology Supporting The Tokenization & Trading Of Digital Assets, Such As Loyalty Points & Rewards
- Author
- Richard Jacobs
- Published
- Tue 28 Aug 2018
- Episode Link
- https://pdcn.co/e/dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/findinggeniuspodcast/5b851a51a18a44312f8a9da8.mp3
The DigitalBits Project is an open-source software project used by the DigitalBits blockchain network. In addition to supporting fast & low-cost micropayments & remittances, Enterprises are also able to tokenize assets on the DigitalBits blockchain. Users are able to trade on-chain and the technology will automatically-trade (with multi-hop) in less than 5 seconds.
Loyalty points & rewards are one of the asset categories that the decentralized DigitalBits blockchain is able to support. There are over $100Billion in unused points currently in the US alone and 1/3 of points issued each year (representing approx $16Billion in value) are never used.
