BLOCKCHAIN-BASED METHOD FOR PRODUCT VERIFICATION AND CUSTOMER REWARDS

Abstract

A blockchain-based method for product verification and customer rewards includes receiving information including a unique code associated with a consumer product from a decentralized application implemented on an electronic device associated with a customer; verifying authenticity of the consumer product based on the information including the unique code; upon successful verification, distributing a piece of a collective non-fungible token (NFT) linked to the consumer product to a digital wallet associated with the customer; and enabling staking of cryptocurrency tokens converted from the piece of the collective NFT in the digital wallet within the decentralized application to distribute rewards to the customer. Thus, the method can elevate the customer's experience with the consumer product through interactive customer communication, to engage customers and reward their loyalty, which is crucial for building lasting brand relationships.

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