Jeremy Gibson is a renowned car dealer with many showrooms spread across Europe. With his large clientele, having to create an engaging but yet rewarding environment for his customers has led him into implementing different Loyalty and Reward(LRP) programs but nevertheless Majority of them have fallen short of his expectations either due to lack of transparency on the part of the LRP managers or absence of user friendly options in the programs. Asides from LRP programs, Jeremy love for technology has led him in search of means to digitalize his business beyond the scope of social media presence and digital marketing into tokenization of assets on his platform.
Blockchain technology has been lauded for it numerous functionality but nevertheless, mass adoption of the technology still looks like a fairy tale due to challenges currently faced in terms of supporting large volume of transactions, poor integration with existing platforms and lastly shortfalls in providing an efficient ecosystem for tokenized assets.
Introducing DigitalBits
DigitalBits is a blockchain platform seeking to encourage improved usage of blockchain technology at both enterprise and consumer level by designing a blockchain that provides efficient tokenization of assets , guarantee liquidity for this token, with high transactional capabilities and lastly ease of integration with existing consumer applications. It's undeniable that blockchain technology can bring transparency, accountability, widespread awareness at an enterprise-grade level due to the decentralized, trustless and record keeping capability of its ledger. DigitalBits provide a unique means to engage customer/ masses in a system where the Reward points or in this case digital assets(tokens) are tradable, transferable, traceable and in a true sense valuable.
Core Features of DigitalBits
DigitaBits understands the importance of easy integration most especially with existing user application because it will be demeaning if every developer who seeks to utilize the tokenization features of the blockchain has to completely tear down their applications and for this cause the DigitalBits platform boast of simple to use Plug-ins and SDKs which will facilitate seamless use of the DigitalBits Network and easy migration from conventional legacy programs.
The DigitalBits blockchain also boasts of incredible features which also makes it a perfect fit payment and remittance purposes. For an innovation to be declared enterprise-grade level it must boast of high throughput and scalability, DigitalBits meets this requirement with its architecture designed to support as much as 10k TPS( Transaction per seconds). So even if the deployed tokens is to be used for payments and remittance and not just as a store of value, the DigitalBits blockchain is definitely up to the task. Issues of liquidity for tokenized asset is also solved by the existence of up to 6 multi-hop shops, ability to trade LRP programs and also access service available to other tokens on the network using the cross-asset multi-hop payment function.
Asides from tackling problems of liquidity, proper identification and verification system is one thing major blockchain platform supporting tokenized digital assets has failed to provide. We see tokens of different origin bearing the same names on blockchains such as ETH and Wave, and this shortcoming really demeans the integrity of such system. The DigitalBits blockchain mitigates such problem by instituting a Token Name Certification Service (TNCS) which carry out validation and authentication before the issuance of tokens on the platform.
XBD serves as the principal currency of the DigitalBits platform with a maximum supply of 100 billion tokens and since the DigitalBits blockchain happens to be a fork of the stellar lumen blockchain, XBD can boast of remarkable payment and remittance performance. Also, Staking 10 XBD token is required to authenticate and grant users access to the DigitalBits blockchain and lastly XBD serves as a bridge between other pairs of digital assets on the DigitalBits blockchain. 35% of the total supply of XBD is currently available for purchase in an initial coin offering scheduled to end on the 31st of March 2019.
In conclusion, the DigitalBits platform is the solution a lot of "Jeremy" out there in the conventional world need to create more engaging and efficient tokenized products which will drive mass adoption of blockchain technology and with the other applaudable features the DigitalBits blockchain boast of (i.e a KYC/AML layer), Major enterprises of the world will definitely pay more attention to DigitalBits tokenization solution compared to other blockchain platforms offering similar services.
To learn more about DigitalBits, please check out the following channels.
Website: https://www.DigitalBitss.io/
Westart: https://www.westart.co/project/DigitalBitss-presale
Twitter: https://twitter.com/DigitalBitssOrg?lang=en
Telegram: http://t.me/DigitalBitss
Ann thread :https://bitcointalk.org/index.php?topic=5026550.0
Writer's info :
BTT name: Mrsparks
BTT profile link : https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary
