Russian Hotel and Credits are launching Loyalty Program on Blockchain

Place/Date: Singapore - October 3rd, 2019 at 6:43 pm UTC · 3 min read
Contact: Credits, Source: Credits

On the 2nd of October 2019, Credits announced the launch of the implementation of a loyalty program for Sevastopol Hotel customers. The project includes the use of blockchain technology and the development of a mobile application to accumulate loyalty bonuses.

The negotiations between representatives of one of the largest Moscow hotel “Sevastopol” and the team of Credits Blockchain company led to an agreement on the implementation of a joint project to introduce innovative technology in the hotel business. The decision involves the use of the Credits platform as a tool to expand services for hotel clients. Its usage will bring liquidity to loyalty points.

After receiving bonuses, customers will be able to convert them into fiat currency if necessary, sell them on exchanges, or transfer them to other people. The Credits solution offers an integrated wallet and all the necessary infrastructure components. Hotel clients will have access to all the necessary instruments from a single platform.

The approved plan will allow GC “Sevastopol” to significantly strengthen its position in the hotel business market and contributes to meet the strategically important tasks underlying the company’s policy.

The potential of blockchain technology is available for all kinds of business sectors and allows them to ensure complete security of data accounting and performing regional and international transactions. Such opportunity is of interest to companies as it can be a source of competitive advantage and attracts more customers.

GC “Sevastopol”

Russian Hotel and Credits are launching Loyalty Program on Blockchain

The legendary Soviet hotel in Moscow was opened for the Olympics-80 in 1979. The location of the hotel is characterized by transport accessibility to “Domodedovo” and “Vnukovo” airports.

Over the decades, the hotel has formed harmonious team of professionals, which has vast experience in hosting guests and participants of major government and commercial events, such as: Olympics-80, Students Youth Festival 1985, Goodwill Games 1986, 2017 Confederations Cup, 2018 World Cup, as well as many Russian and international festivals and competitions, sports championships and other grand events.

Credits Blockchain Platform

Credits is an open-source and decentralized blockchain platform for the development and execution of smart contracts and decentralized applications. The project offers public and private solutions suitable for B2C and B2B markets eliminating the problems of trust and uncertainty.

The peculiarity of Credits is a high-speed decentralized blockchain platform that provides up to 1 million transactions per second with a confirmation time of a single transaction around 0.1 second and low fees around 0.001 USD. The platform is intended to develop standalone smart contracts and decentralized applications.