FAQS

WHAT IS TLP?

Pravici TLP is a blockchain-based toolkit that includes a white-label SaaS Loyalty Platform.  An Issuer and set of Business Partners and merchants can set up a consortium with a shared asset or a shared set of assets that are all secured on the Pravici Hosted, Hyperledger Fabric Blockchain.

WHY IS BLOCKCHAIN NEEDED?

A blockchain-based platform enables faster loyalty program partner onboarding.  In addition, better transparency and complete traceability of transactions allows real-time reconciliation for all participants on the blockchain.

HOW DOES TLP MAKE ONBOARDING PARTNERS EASIER?

TLP offers simple click-through partnership flow requiring minimal integration and operational processes combined with Partner-friendly onboarding and self-administration capabilities.

HOW DOES TLP HELP LOYALTY MEMBERS?

TLP provides Real-time knowledge of where each loyalty point is, how it was earned, and how it has been redeemed as well as Real-time snapshots of program balances and liability. Also, member-friendly Mobile-App and Mobile-Wallet result in improved member experiences.  Pravici TLP allows an Issuer to provide many more options for the members to earn and burn points.  More options equals more satisfied Customer Loyalty Members.

HOW DOES TLP HELP WITH RECONCILIATION AND SETTLEMENT?

TLP's shared, immutable blockchain ledger solves the reconciliation problem: Partners no longer have to rely on the issuer, as they can independently participate and verify the data themselves.

HOW CAN PARTNERS USE THE CONSORTIUM DATA?

Real-time data sharing with the consortium enabling every partner to personalize member interactions. Marketing applications could access in real-time the types of transactions a customer has been participating in and send personalized offers based on location and interest.

DOES TLP SUPPORT MULTIPLE POINT TYPES?

Yes, TLP supports flexible multiple-point-type definition and setup. Additionally, you can define and enforce exchange rates between point-types and partners.  Each and every point type you define is secured using the same blockchain technology.

DOES TLP SUPPORT NFTS?

Pravici TLP V4 (Beta) allows you to easily issue NFTs and setup a mechanism to convert Loyalty Points trade NFTs. NFT's within the coalition loyalty application powered by permissioned blockchains, the loyalty program operators can save costs and still provide exciting ways to engage with loyalty members. 

WHAT ABOUT SECURITY AND PRIVACY?

TLP supports member privacy:

 

  • Self-sovereign identity (SSI) enabled via decentralized identity (DID) Blockchain

  • GDPR and California Data Privacy (CCPA) compliant

  • Ability for issuer to disappear member data from blockchain as required by privacy regulations

CAN TLP BE HOSTED ON PREMISE?

Yes, TLP can be used on premise in your choice of private cloud.

IS TLP CLOUD-AGNOSTIC?

Yes, we support all the major cloud platforms be it AWS, Oracle Cloud or Azure.

DOES TLP OFFER ACCESS TO RETAIL PARTNERS?

Included in your subscription is access to the Pravici TLP Rewards Network.  Pravici has pre-negotiated with over 200 retailers giving your customer/member instant access to spend points while saving money on each purchase with Merchants in the network.

HOW CAN I REQUEST A DEMO?

Watch the Demo Videos or sign up for the Trial Version of the product for yourself.  For a live demo just use the Contact Us form.

HOW IS TLP PRICING STRUCTURED?

TLP is priced based on transaction volume.  Small programs pay small fees.  Larger programs pay more in fees.

Product Components included in the subscription:

  • TLP Issuer Admin Website

  • TLP Mobile Apps

  • TLP API Layer

  • TLP Member Portal

Optional modules comprises of:

  • TLP White Label Partner Loyalty Platform

  • TLP Loyalty Connector

Click here to see the product pricing.

HOW IS THE PRODUCT LICENSED?

Pravici TLP is licensed through a monthly subscription. You can signup automatically online or have a Pravici sales associate contact you to help setup your account. A trial subscription can be as low as $200 per month, and you can cancel anytime

HOW IS PRAVICI'S PERMISSIONED BLOCKCHAIN BETTER THAN THE PERMISSION-LESS BLOCKCHAIN?

The Pravici TLP blockchain is built using a Hyperledger Fabric Blockchain. In many real-world use-cases, a permissioned or private blockchain is more suitable than a public one. With Pravici TLP, you can maintain your private blockchain consortium, and extend your assets to public blockchains as desired.