Reviving loyalty reward cards with blockchain

Loyalty card reward programmes have been singled out by PwC economists as one of the top five drivers of blockchain technology over the next decade. They expect blockchain to breathe new life into traditional, card-based loyalty and reward programmes, generating some US $54 billion for the global economy by 2030. It’s quite a moment for the collection of humble plastic cards that have been sitting gathering dust in peoples’ wallets for years. As the report Time for Trust: The trillion dollar reason to rethink blockchain explains, blockchain has a crucial role to…

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Population control: Finance Commission may not reward states for poor show

The hue and cry last year over the ToR with regard to use of 2011 population, prompted PM Modi to announce that the Centre has suggested to the commission to “consider incentivising the states who have worked on population control.” The 15th Finance Commission (FC) may assign a lower weight to ‘population’ than 17.5% by the previous FC while giving a ‘respectable’ weight to progress made in curbing population growth to balance the needs represented by the latest population and progress towards population control, for inter-se distribution of resources among…

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