Bonus Points Alliance Based on the Block Chain

Abstract

In this paper, a new Bonus Points Alliance is designed based on the key technology of Block chain. We make use of the technical features of decentralization, trust-consensus, distributed network, collective maintenance and so on and research on Bonus Points Alliance business model based on block chain. We take advantage of the key technologies such as consensus mechanism and smart contract in block chain and take the “alliance blockchain” as a form of organization to design a full technical solution which solves the shortcomings of traditional alliance, such as a high cost of system development, difficulty of bonus points exchange, and difficulty of bonus points circulate.