Company Name:
VIRTUAL ECONOMY TECHNOLOGY SDN BHD (1445588-M)
Sector
Digital Services, Digital Finance, Digital Trade, Digital Tourism
Tech Enabler
Blockchain
Support Sustainability or ESG
Yes
Overview:
VIO, a versatile platform capable of standalone operation or white-label integration. Clients can tailor vouchers on VIO to suit customer preferences. With VIO's operator portal, client can effortlessly manage administrative tasks. Powered by blockchain, VIO ensures secure voucher and loyalty operations. Through supply chain digitization, it offers a transformative solution to the challenges inherent in traditional supply chains by integrating fragmented ledgers, thereby enhancing the entire supply chain process. Distributed ledger technology utilized by VIO which detailed redemption and reconciliation records guarantee transparency and efficiency, enhancing their customer experience and operational efficacy.
Pain Points:
- Businesses face significant challenges in customer engagement and personalization, with 61% feeling frustrated by the lack thereof.
- Existing reward systems often fall short, relying on generic, static points that fail to excite customers.
- Integration hurdles loom large, especially across diverse programs and international borders.
- B2B programs are often limited in scope.
Solution/Services:
VIO
Offers an enterprise digital voucher system, enabling businesses to onboard and manage merchants, generate vouchers, and implement a loyalty point system. Utilizing blockchain technology, the solution revolutionizes digital vouchers and loyalty points, issuing them with token technology for enhanced interoperability and leveraging distributed ledger features.
Key Features and Functionalities
- Facilitates the creation of advanced solutions which automate and secure voucher transactions.
- Encompasses a range of tools including digital wallets for secure storage and management of vouchers, transaction explorers for transparent tracking of voucher movements, and frontend and backend applications tailored to the specific needs of the market.
- Streamlines voucher integration and redemption
- Heightened security, transparency, and efficiency throughout the process.
Implementation:
- Leveraging distributed ledger technology - supports different functionalities.
- Implementing Web 3.0 solution - enhance the platform and ensure security and data integrity.
- System integration - seamlessly integrates with existing systems.
- Partnering with cloud providers - collaborate with leading providers like Huawei and Cloudflare, to deploy secure and scalable cloud solutions.
- Payment gateway integration - to support SMEs and enterprises, ensuring compliance and tech alignment through blockchain security firms.
- Platform customizable and testing - to meet specific needs and to ensure security, scalability and functionality.
Benefit:
- Seamlessly integrates with 10,000+ merchants across various sectors, integrated with over millions of users in Asia.
- Streamlines transactions, boosting efficiency and productivity.
- Cost savings are ensured by automating voucher management and reducing errors.
- Seamless transferability expands revenue streams by reaching diverse platforms.
- Transparency and verification build trust, enhancing efficiency.
- Secure user wallets prevent fraud, ensuring savings and data protection.