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Blockchain

Wider Blockchain Adoption Will Impact Customer Experience

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ONR, a leader in transforming the customer experience (CX) for Fortune 500 companies today has shared new data highlighting how consumers, as well as businesses,  are utilizing Blockchain post-pandemic to impact overall customer experience.

With NFTs, cryptocurrency, and Blockchain increasingly becoming part of the everyday lives of consumers’  lifestyle and our economy, there is an exciting inflection point today where customer experience (CX) is being driven by blockchain as we move towards a more “digital world.” Businesses and organizations can capitalize on this trend and improve CX/customer relationships by reaching customers WHERE they are  with new, innovative digital assets.

“From a consumer-centric perspective, blockchain technology has the potential to substantially transform consumer relationships by enhancing data and information transparency and improving privacy and security,” comments ONR CEO Jason Ten-Pow.  “This blockchain innovation allows for innovative forms of consumer loyalty programs which have the potential to  create additional value and deeper customer connections.”

Some of the facts that ONR has learned from their consumer research regarding Blockchain adoption will impact CX over the coming year:

Customer perspective:  Simplification of payment and tracking via mobile payments will make it easier for customers to purchase.  Deeper customer relationships because of the increased volume of customer information that can be safely shared across platforms that can be transformed into greater customer knowledge and used to build bespoke customer experiences whether that is in terms of buying, selling or bartering.

  • Mobile payment will be a leader. This is in  contrast to China/Japan/Korea, where  a mobile and digital first architecture is already in place.  For example, in China, the digital Yuan will compete with WePay architecture. In North America, Google Pay/Apple Pay mobile phone payments are becoming more prevalent. How these new technologies are integrated into E-commerce functionality will define the customer experience for payments in the future.
  • It seems that blockchain adoption has highlighted how some customers are looking for new, different offerings.
    • Cryptocurrencies and blockchain adoption have the opportunity to reach out to customers and engage with them in a new way, on new mediums/platforms and offer new types of assets/purchases.
    • People involved in crypto are ready to make ‘different’ transactions online than customers not engaged in Blockchain.
    • The complete lack of physicality likely means that emotion takes an even larger role in decision making.

Organization/Brand:
Improved organizational efficiency from the standpoint of making it easier to transport and integrate data which will simplify adhering to industry regulation and improve supply chain management.

  • Industry Regulation will be innovated through the movement towards putting customer data on a blockchain and will likely start out in highly regulated industries such as Healthcare, where there are strict customer data regulations and a need to share sensitive data.
    • Essentially, consumer data on a blockchain provides full transparency of its use.
    • With data being a primary area of value generation, the consequences of mandates of this manner could be far reaching and really shift the online ecosystem.
  • Data transparency becomes even more important as Blockchain has the potential to create visibility for customers and the use of their own data. Depending on further legislation and regulation, we may potentially see blockchain used to empower the individual to control their data.
    • Product information transparency – more information for the end customer. Potential exists for companies to highlight the true origin or source of materials, which can be used to help customers authenticate their purchase (thinking ESG – sourcing materials sustainably, etc.)
  • Consumer loyalty for consumers juggling an  array of loyalty programs, blockchain could provide instant redemption and exchange for multiple loyalty point currencies on a single platform.
  • General supply chain benefit towards tracking inventory: B2B supplier transactions moving to smart contracts and private blockchains in their supply chain, which provides an entryway / transparency into the rest of the organization.

ONR is headquartered in Toronto, Canada, with an office in Denver and teams in New YorkOrlando and Los Angeles serving clients worldwide.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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