Perk Labs is building a crypto loyalty reward program to bring cryptocurrency to mainstream consumers by rewarding them for everyday purchases made online and in brick & mortar establishments. By building a loyalty program on blockchain, we’re creating a loyalty rewards system that offers value independent of the loyalty program. Perk Labs intends to use blockchain-based ‘smart contracts’ that are automated and thus don’t allow for the cancellation or devaluation of a customer’s rewards once they’ve earned them. That provides customers with the confidence that is missing from many loyalty programs.
Perk Labs is currently working on digital wallet development, microservice API development, testing and deploying Perk’s crypto reward on the Solana mainnet. In connection with the development of its crypto rewards, Perk is incorporating new compliance tools and procedures and is working with a leading German Fintech design firm to update its mobile app and website with a state-of-the-art user interface to include additional reward features and game design elements. Subject to any unforeseen changes, Perk Labs estimates that its crypto rewards will be ready for deployment to the Solana mainnet by mid-January 2022.
Perk Labs plans include initially scaling up the crypto loyalty rewards system in the Perk Hero mobile and web apps and then exposing the platform to third-party developers to allow them to integrate Perk’s crypto rewards into their applications.