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Interoperability of loyalty points, use cases, opportunity & tech - Abhay Tandon of Monet explains
Description
In this episode of theUpStreamLife we speak with veteran startup enabler and co-founder of Monet, Abhay Tandon. He talks about why blockchain works for interoperability of loyalty points and the opportunities to get brands to work together in order to win loyal customers in the long run.
00:00 - Introduction.
01:26 - Abhay making the transition back to a startup.
04:28 - Monetising loyalty points and the difficulty in interoperability.
16:35 - Convincing brands to consent to share data.
22:48 - Saving the CFO of the brands costs and convincing them to work on interoperability.
25:30 - Blockchain and decentralisation - the need for decentralisation.
38:34 - The stakeholder management in Monet
45:33 - Convincing brands about tokens.
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