The Official CryptoCanucks Shop Is Now Live! Shop Now

DigitalBits: Blockchain Poised to Help Drive Mass-Scale Adoption of Cryptocurrencies

Dec 30, 2018 BlockchainCanadian CompaniesResearch 0

 

2018 dealt a massive blow to cryptocurrencies, but there is hope on the horizon.  The boom of 2017 showed the demand for decentralization and a change to traditional systems.  But there are pieces missing, we need real use cases, we need real adoption. Blockchain sits in the trough of disillusionment, a combination of grandeur expectation and immature technology.  As a result, few people are utilizing cryptocurrencies, and a waning market speaks to this. The questions remain, how do we bring blockchain to the masses, how do we enter the age of enlightenment?

expectation/time

Third generation protocol DigitalBits has taken up the mantle.  Targeting existing consumer applications with millions of active users, learned behaviour is left unchanged, all the while optimizing the backend infrastructure to benefit from blockchain technology.  The DigitalBits blockchain network (a fork of Stellar) has already launched and its first official use-case is the Loyalty Points & Rewards sector. According to Reuters, an upwards of 80% of Americans are involved in some form of a loyalty program, with $48 billion points & rewards issued annually in the US alone.  Of this, approximately 1/3 goes unused, equating to $16 billion of unredeemed capital.  The problem lies with current loyalty programs, you’d be hard-pressed to rationalize anyone leaving $16 billion on the table.  Siloed programs do not communicate, limiting the users’ freedom of choice, and ever-changing rules and requirements make it difficult to utilize your accumulated capital.  Integrating with DigitalBits amalgamates these programs into a flexible blockchain ecosystem, allowing points and rewards to flow freely, all the while existing within applications that users are already familiar with.

DGBTSELL

The DigitalBits Project envisions a global token economy, one in which value can move without frictions or borders.  Atop incredible technology, is a team focused on implementation and bringing product to market. Starting with the multi-billion dollar points industry, DigitalBits looks to be the go-to platform for tokenized assets, and create a world where value moves freely.

Join the movement now, and whitelist for the limited WeStart pre-sale: DigitalBits Presale

 

 

Sharing is Caring

Disclaimer: CryptoCanucks.com is not intended to provide tax, legal or investment advice, and nothing on CryptoCanucks.com should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any asset by CryptoCanucks.com or any third party. You alone are solely responsible for determining whether any investment, asset or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.

Jacques Y

Jacques is a founding partner and CEO of CryptoCanucks.com with a background in marketing and finance. He has a well-rounded foundation of knowledge in Investing, trading, blockchain and researching both Forex and the Cryptocurrency markets.

Join the Conversation. Leave A Comment Below.