Web3 rewards programs are a low-stakes way of introducing the concepts of self-sovereignty and digital ownership to users – and regulations, aJoshRosenblatt writes. Opinion for PolicyWeek
There’s a legal saying that “bad facts make bad law.” Right now, crypto needs better facts. If crypto wants to resonate with policymakers, we should deemphasize the facts and narratives that threaten governments and the well-heeled .
Josh Rosenblatt is general counsel, chief operating officer and co-founder of Co:Create. This article is part of CoinDesk'sWeb3 loyalty programs have numerous advantages over traditional loyalty programs, but three will resonate the most with policymakers: ownership, control and interoperability. With a Web3-based loyalty program, users have true ownership of their points, tier status and brand-related collectables – all of which come in various forms of “loyalty tokens.
Another benefit of Web3 loyalty programs is that brands can choose to make their loyalty programs interoperable. This means that loyalty tokens can be earned or redeemed by any brand that wants to participate in a particular program.Examples of this interoperability exist today but are limited by Web2 technology that requires collaborations to be manual, time-consuming and bi-directional .
First, they provide a low-stakes introduction to crypto assets and blockchain technology through shared incentives. There’s no faster way to get everyday users comfortable with wallets than providing real-life benefits . Web3 loyalty programs make it easier for people to understand and embrace the technology by getting wallets into people's hands and encouraging them to use blockchain-based tools in a familiar context with clear benefits.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How Web3 could revolutionize loyalty programs
Leer más »
Revolutionizing Rewards: The Advantages and Disadvantages of Incorporating Blockchain Technology into Loyalty ProgramsSponsored: some brands, such as Libra_Incentix, have already begun to implement blockchain technology in their loyalty programs
Leer más »
Japan Embraces Web3 As Global Regulators Grow Wary of Crypto“After a recent trip to Tokyo, it’s hard to overstate how out of sync Japan is with much of the world. No one I spoke to seemed particularly fazed by the FTX meltdown or the string of crypto implosions that preceded it,” emilydparker for PolicyWeek
Leer más »
Crypto Council for Innovation Exec: US 'Lagging Behind' in Crypto RegulationAs the European Union's sweeping Market in Crypto-Assets legislation, also known as MiCA, is moving towards becoming law, Linda Jeng, Chief Global Regulatory Officer at the advocacy group Crypto Council for Innovation, discusses the global state of crypto policy. 'If [the U.S.] wants to be the leading digital economy of the world, then we need rules of the road,' Jeng said. 'Not just for crypto, but also for our private data.'[reward]da726db5-7ae5-45a2-a725-3b2089a17ddb[/reward]
Leer más »
Strong clan loyalty, locals, helped mafia boss Messina Denaro stay hiddenMafia boss Messina Denaro was arrested on Jan. 16 after 30 years on the run. Police believe he spent much of the last year hiding in plain sight in Campobello di Mazara, a town of some 11,000 inhabitants, just a short drive from his mother's house
Leer más »
Smart contracts to power day-to-day Web3 company operationsThe firm highlighted that in the future anyone will be able to create their own decentralized autonomous companies in the Koris platform.
Leer más »