Qashback set to Launch Decentralized Reputation Management System in 2019
QashBack, the Singapore based blockchain platform is all set to revolutionize the retail and services industry.
They are building an incentive-based reputation management and permission-based marketing platform that connects users, merchants and advertisers for transparent interactions solving the current data privacy issues.
The Southeast Asian company, which plans to launch the platform in Q2 2019, wants to build an ecosystem where users are rewarded with their own QBK tokens for writing reviews.
Merchants will also be able to incentivize consumers in QBK tokens to participate in contests and marketing promotions.
Using the Ethereum blockchain, QashBack will be able to acquire real and factual reviews for consumers that are authentic and immutable. They will also be transparent, self-executing and will be decentralized ensuring that reviews can’t be removed or edited.
QashBack and MyBeauty Malaysia Forms Strategic Partnership!https://t.co/ilpUzRIfun pic.twitter.com/VG0GLdvXV4
— Qashback (@qashback) January 15, 2019
They have signed a partnership with Oriental Mace Group, MyBeauty app, which is supported by the Malaysian government as part of their national tourism strategy. The portal has over 1000 beauty service providers in Malaysia.
Qashback will mint one billion QBK tokens, of which 10% (one hundred million tokens) were made available for public sale on 10th of December 2018.
The QBK token on 5th Jan 2019 was listed on UDAX Hong Kong with plans to be listed on Coinsuper, Dobi Trade, Upbit, and LAToken in Q2 and Q3 2019.
Michael Tan, Co-founder of QashBack said in a Press Release:
“This partnership is a strategic win for QashBack, as we continues to build up our ecosystem of various use cases, and the beauty and wellness is a huge part of an urban consumer’s lifestyle.
MyBeauty allows the QashBack platform to scale and acquire users in a very short span of time and contributes to the success of the QashBack platform and business model.”
Dr. Wong Kong Yew, CEO of DY Biotech Berhad said:
Today marks another important milestone for our company. The partnership with QashBack provides us with a superb platform to market our services to our customers with ease of mind and not having to worry about data privacy issues, while helping MyBeauty become the “Seal of Trust” for beauty establishments and beauty professionals in Malaysia. QashBack allows us to focus on our core business and not get bogged down by technology issues.”
Image Source: Unsplash
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