FAQS

WHAT IS TLP?

We enable an Issuer and set of Partners to set up a consortium with a shared asset: tokenized loyalty points (TLP). TLP allows:

  • A multi-brand conglomerate to join disparate loyalty programs with ability to exchange points between the various programs

  • A single loyalty program that enables expansion to a set of complementary partners

WHY IS BLOCKCHAIN NEEDED?

Blockchain-based platform enables faster loyalty program partner onboarding and building more comprehensive pictures of customer behaviors, without the costs, timelines, or complexity traditionally involved. Better transparency and complete traceability since all changes to point balances, rates, and other transactions are recorded for independent verification and auditing due to the nature of blockchains.

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.

HOW DOES TLP HELP WITH RECONCILIATION AND SETTLEMENT?

TLP's Shared 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.

DOES TLP SUPPORT NFTS?

TLP 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:


  • 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?

Our partner CrayPay has pre-negotiated with over 200 retailers giving your customer instant access to spend points while saving money on each purchase.

HOW CAN I REQUEST A DEMO?

Watch the Demo Videos or Try the Trial Version of the product for yourself.

HOW IS TLP PRICING STRUCTURED?

TLP comes with core and optional modules with a flat pricing model.

Core module comprises of:

  • TLP API Application

  • Offer Engine

  • Pravici TLP API

Both core and optional modules have a monthly software subscription.

Optional modules comprises of:

  • TLP White Labeled Mobile App

  • TLP loyalty connector

Click here to see the product offering.

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 permissions 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.