Transform your key processes and leverage the potential of blockchain in retail:
$117bn Consumer loyalty rewards issued annually in the US; unclaimed points create balance-sheet issues. Source
70% Of retail and consumer goods companies expect to have a blockchain production network in three years. Source
Key challenges for the Retail Industry
The retail industry struggles with tight margins, rising consumer expectations and all the difficulties of effective digital transformation. Across channels, retailers face the same logistics challenges as any large organizations — and the requirement to delight individual consumers.
OpenLedger has the experience and knowledge to address retailers’ most pressing concerns, including:
Consolidated omnichannel retail
Consumer participation and tracking
Quality, provenance, brand
Blockchain and retail: applications
Supply chain management
Digital & in-store integration
Fight hacking and cybercrime
Retail companies that utilize blockchain:
How retail businesses benefit from blockchain
Blockchain in retail: opportunities for your business
Blockchain can improve the efficacy, security and efficiency of things your business already does. But it also lets you deliver totally new value-added services that consumers love.
Customized omnichannel shopping experiences
Consumers can determine exactly which data you access. You use it to tailor their shopping experience — never offer vegans discounts on steak again. Build a whole store experience around each customer.
Consumer demand contracts
Consumers tell you the event or process they need — weekly shop, wedding, home renovation. Offer cohesive packages of products from across your brand family or let competing brands pay you to bid to supply elements.
Wallet-based loyalty schemes
Allow users to store ubiquitous rewards points in the same wallet rather than in isolated membership schemes, encouraging participation and repeat custom.
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