Xion-Protocol launches Blockchain Platform to Streamline Subscription-Based Businesses
Xion Protocol announced the launch of its platform that will make the subscription box businesses or services easy and hassle-free. The company launched this platform to enable newbie entrepreneurs and small businesses to get recurring revenue from their subscription business. The platform is loaded with the necessary tools and supplies that are needed to start this kind of business.
Xion protocol is offering solutions for subscription providers. It is claimed to be world’s first one of its kind service which will enable anyone to start their subscription services or maintain their existing services without any problems. Xion will be the first platform of its kind to offer a basic Freemium service. It uses blockchain technology to establish a single platform for any type of subscription model.
Subscription services are on a boom which is said to be doubling itself every year. A whole bundle of benefits is given to the customers through one interval of subscription so that loyalty is gained and the customer stays with the provider for a longer term. Every retailer looks for a regular flow of earnings through subscription and adopts unique strategies to gain more and more subscribers.
The customer can stay with their subscriber as long as their services are smooth and hassle-free. A slight disturbance can easily switch the customer to another provider now.
The retailers have to go through several hurdles like compliance, cancellations, renewals, cross-border formalities, custom, government policies, taste and preference of the local, technical efficiency and many more.
According to the white paper of the Xion Protocol, The current subscription model is facing these 7 biggest issues below:
1. Customer Data & User Management
2. Global Scaling
3. Churn Rates
4. Complex Billing & Shipping
5. Marketing Spend
6. Customer Satisfaction
7. Chargebacks & Fraud
Xion Protocol’s solution eliminates the need for up to 99% of third-party applications and software within existing subscription model platforms, by utilizing blockchain protocols to establish a single platform for any type of subscription model. The platform will cater to a range of different users: ordinary users, media, digital content, bloggers, YouTubers, small subscription box retailers, and suppliers.
The founder and CEO of Xion Protocol, Ronan Quarmby says,
“Whether you’re a retailer or service provider looking to expand your reach and create recurring revenue through subscriptions, or an enthusiast who only has a dream of the perfect subscription, Xion Protocol can make your vision come to life.”
According to its official press release, Xion Protocol utilizes Blockchain technology, meaning the complex web of subscription management is executed through smart contracts. These auto-triggered contracts will coordinate the delicate balance between international suppliers, shipping and processing, and customers across the globe. And because Xion Protocol operates on an independent blockchain, it offers its services on a freemium basis without transaction fees, monetizing premium features for enterprise clients. The platform will also enable subscribers to easily manage all of their subscriptions from one place, communicate with their favorite brands, submit feedback, and even cancel without a hassle – something rare in the subscription industry.
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