Shetiyawanleo: ASSEMBLE PROTOCOL

Introduce

Hello everyone, today I'm back to introduce to you a project from the country of kimchi, you can read and learn more information about this project through other information sites such as: facebook , twitter, linkedin , telegram, bitcointalk .

The project I want to mention here is Protocol ASSEMBLE .

The ASSEMBLE protocol is a blockchain-based global point integration platform . In the previous articles, I also briefly introduced you to blockchain technology. Blockchain technology is often described as a decentralized, immutable, transparent, decentralized database network. They are exploited to store and store values. It can be seen that Blockchain technology is first applied in the field of cryptocurrencies or cryptocurrencies. Its decentralization feature is used for the storage of digital assets and the market has fully evaluated its features. One advantage of blockchain technology is the prevention of external factors from entering the system and modifying stored data. On the other hand, transparency helps it improve the reliability of the entire system, while its cryptographic support allows transactions to be carried out safely and efficiently, cost-effectively.

Through a strong protocol and especially blockchain technology , the project Protocol ASSEMBLE will be promising in the future. ASSEMBLY protocol is a blockchain global point integration platform based on ASM utility token mining, while building a business ecosystem that can integrate, use, and monetize existing points and miles to point vendors, consumers and retailers.

So where does the ASSEMBLE Protocol come from ?

You make purchases in a store or supermarket and you accumulate bonus points to receive gifts but you don't know how to use them, you have difficulty using them or you have difficulty redeeming their points. although the market is rapidly developing and creating a series of new milestones. But the system of earning points still faces difficulties, which will cause discomfort for customers, especially loyal customers, members. The ASSEMBLE Protocol team has noticed a weakness in the scoring system. The reward system has 3 main problems:

- The conflict between the interests of the customer and the producer, the number of bonus points you get will be accumulated after a series of trading sessions of your goods, but whether you use it indefinitely, actually. Reality is not. Your points can only be used while the item is on the market, in other words, if an item expires, your points will be lost. This seriously affects the interests of customers.

- Customers have too few choices in the reward redemption process, which will cause trouble and offend customers . It's hard to find a company that has a redemption policy with lots of options for their customers.

- Lastly, the customer reward points are often dispersed in loyalty program with how to manage extremely complex reward and trouble.

What is the ASSEMBLE Protocol Mission ?

Stemming from the shortcomings of the existing reward system, the ASSEMBLE Protocol was established with three main goals :

- Points from the manufacturer will be replaced with a new one for the customer if the item is expired, which creates excitement and stimulates the purchase of more and more customers.

- The customer's points will not be limited in the loyalty program : the customer's points will be accumulated and there will be no time limit to use the bonus points, customers will have more opportunities. to buy and increase the experience with the goods they love.

- Retailers : When the loyalty program improves as mentioned above, retailers also get many benefits, retailers just need to focus on developing their business networks. they integrate with many advertising tools.

In short, the basic idea behind the ASSEMBLE Protocol is to provide users with unlimited opportunities to use their points, similar to when they use cash, anywhere in the world. There are any time and place constraints. And to give points providers and ASSEMBLE partners more opportunities to further expand their business and reach a rich user base .

The assembly team identified these three as the team's mission and invented an assembly protocol that uses blockchain technology to materialize them. The assembly team will provide users with a transparent and secure token ecosystem using .

This project applies key chain technology by setting up an assembly protocol and includes 3 main points as follows :

1. Supplier score

2. Only consumers

3. Affiliate stores as participants of the assembly protocol.

In addition, the biggest goal is that the project will establish an ecosystem not only in Korea but will be more globalized, partners will come from many parts of the world, cooperate and develop in Protocol ASSEMBLE ecosystem

Superior features of the ASSEMBLE Protocol

Blockchain is a type of digital ledger (digital ledger), in which information is recorded sequentially, then linked together and secured by encryption method . With blockchain technology, platform integration requires fewer resources to ensure the issuance, reliability, and stability of digital assets. The Assemble protocol is a point integration platform using blockchain technology. If you use existing currencies and key points to provide service nationwide, you have to overcome various disadvantages such as changing exchange rates between currencies, slow transfer rates and fees . But these weaknesses are completely improved by the team of the ASSEMBLE Protocol team that has integrated their platform into the blockchain. When joining the ecosystem of the ASSEMBLE Protocol , partners must also delve into the project, why they will become partners with the ASSEMBLE Protocol . Essentially they realize that the ASSEMBLE Protocol issues digital assets through blockchain technology based on the unique value of the asset, exchange rate and fee issues can be solved. In addition, since the distributed network point network among global partners uses a blockchain network through blockchain technology, the problem of transfer speed can also be solved. Since all cumulative points and transaction details are transparently recorded on the blockchain, these details cannot be tampered with. Therefore, stability and reliability are guaranteed

Earn points

Currently, the reward points system in the frequent flyer program often creates difficulties for customers. With poor reward management service, customers have difficulty accessing good service, customers cannot optimize the number of bonus points they have, they cannot transfer those bonus points to anyone, they cannot You can trade those bonus points. And of course, accumulating bonus points with different sources is really very difficult for customers. However, with the ASSEMBLE platform, complete customers can do those things:

- Cash points conversion: with many partners around the world in the ASSEMBLE ecosystem , customers can convert their accumulated bonus points into ASM tokens. According to preliminary statistics, in 2017 and 2018 in Korea, the number of bonus points canceled by customers was equivalent to nearly 217.5 billion KRW. A very terrible number, it is clear that the interests of customers have been seriously damaged. With the ASSEMBLE platform , the customer benefits are completely guaranteed.

- Buying points: In addition to guaranteed customer benefits, if customers use points through purchasing products / goods from retailers, they will receive many benefits such as: discounts, accumulating many benefits. more profitable than when using cash or debit card. To experience and accumulate more benefits, customers can purchase ASSEMBLE token to use in the ASSEMBLE ecosystem .

Use points

Transcoding: you can pass your reward points to your family members in the ASSEMBLE ecosystem , which is not possible if you transfer your bonus points outside of the ASSEMBLE ecosystem due to legal policy issues physics and engineering. However in the ASSEMBLE ecosystem you can easily and quickly submit your bonus points.

Commodity exchange: the ASSEMBLE platform provides a reliable and efficient P2P exchange, individuals and producers have the right to buy or sell goods on the ASSEMBLE platform if they stake a certain amount of tokens.

Make an advertisement

Through optimization of data sources from ASSEMBLE 's partners including: shopping culture, shopping preferences, customer finances, details of purchased goods, ... will be built and digitized. in the ASSEMBLE platform . It is a valuable source of database for advertising campaigns to attract more potential customers.

Platform

As I mentioned above, the ASSEMBLE protocol creates a global ecosystem with the aim of making the point providers profitable while ensuring the benefit of their consumer customers. In addition, affiliates in which the assembly platform is the participant by providing a blockchain-based point integration platform to point providers and customers, and connecting consumers with sufficient purchasing power with the affiliate store .

The foundation of the ASSEMBLE Protocol is firmly built on the following 3 core elements:

- Points Exchange (PX) : where bonus points are accumulated and exchanged, this is a key element of the ASSEMBLE project . Once your accumulated points are converted to tokens, points will be converted to ASMs. In addition, ASSEMBLE has an automatic exchange system, where you can exchange and trade points.

- Market (MP): is the online market 24/24 using ASP token. The customers participating in the market have equal rights in exchanging and buying and selling tokens. Margin tools are also used to ensure the interests of customers, to ensure benefits for the seller.

- Modern, stable data infrastructure (DI) : customer can use the database from ASSEMBLE project . Rewards providers and MP merchants can buy and run ads through ASSEMBLE . This contributes to increased liquidity for the ecosystem, attracting more customers.

Roadmap

Quarter 3, 2019 - Quarter 4

1. Assembling team building

2. Service and application concept development

2020 Q2

1. Whitepaper Notice

2. Partner with Style.com

Quarter 3, 2020

1. ASSEMBLE wallet launch

2020 Q4

1. ASSEMBLE Point Exchange complete development

2. ASSEMBLE Market Place development is complete