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Use Cases

Why Us

Points Exchange
Introduction
The current loyalty points market is highly inefficient. From a customer perspective, loyalty points border on useless as they are not fungible, often expire before value can be extracted, and when redeemed give very low returns. From a merchant perspective, issuing loyalty points can amount to large book liability that is cumbersome or impossible to offset.

The Finterra Loyalty Points Exchange is intended to solve both sides of this equation by providing an open marketplace where customers can exchange loyalty points for others which actually give value, and merchants can reduce book liability by providing market liquidity at a discounted rate.

Features and Benefits

  • Loyalty points (in their digital form) become interchangeable between other loyalty points
  • Finterra provides an interface for users to track, trade, and redeem loyalty points
  • Finterra provides an interface for merchants to gather aggregate loyalty point market data and manage their accounts

Technical Details

  • Traditional loyalty points are on-boarded to the system through a process of locking loyalty points in accounts and creating a corresponding digital token on a 1-to-1 ratio
  • Loyalty point off-boarding uses a similar process of token ‘burning’ whereby digital tokens are destroyed before being returned to the merchant’s accounting control
  • Loyalty point tokens are transferable and gift-able across the Finterra network
  • Exchange occurs in an open and secure marketplace where FIN act as the main counter currency

Point Exchange

Endowment Chain
Introduction
Endowment is the donation of an asset or property to a nonprofit organization for the benefit of the community which the organization serves. Endowment assets are managed by nonprofit advisory boards and are intended to create value and social benefits for the public in general.

To make the best use of these endowed gifts, the Endowment Chain allows participants to create project proposals to develop and invigorate endowment properties. Others can fund these project proposals by contributing funds. If the project goals are met, the project proposal is accepted and a certain number of Endowment tokens are created and distributed to the participating funders.

Network tokens can be held to gain stakeholder rights and revenue sharing, or transferred and exchanged in the wider Finterra ecosystem (and on other networks) through the Finterra Inter-Chain Protocol.
Features and Benefits

  • Each project’s ‘real world’ documentation is stored immutably and publicly for all stakeholder to see and review
  • Simple interface for creating project proposals, managing projects, and project contribution
  • Contribution, stakeholder voting, and special terms cannot be tampered with because they are enforced by blockchain consensus via smart contract

Technical Details

  • All network tokens adhere to the ERC-20 standardized interface
  • Vital documentation is uploaded and stored publicly in an immutable and distributed manner on IPFS, ensuring safety and transparency of the project as it moves forward
  • Token distribution and project revenue are handled automatically in the smart contract logic guaranteeing fairness and accounting accuracy for token holders
  • Specific project terms are encoded into (and enforced by) a smart contract in a tamper proof manner

Endowment Chain

Open Source Development
Introduction
Finterra strongly believes that a healthy open source community is the primary factor in maintaining a sustainable and transparent ecosystem. The ability for 3rd party developers to build on the Finterra platform will only add strength to strength as we move into the financial frontier together.

This is why we have spent large efforts building improved developer tools and leveraging existing tools which have stood out as the industry’s bests.

In addition to the tools and ease of development, having a secure environment for application deployment is a key Finterra consideration. Compartmentalization, documentation, standardized design patterns, and a strong community all help to achieve this.

Features and Benefits

  • Finterra provides a large set of easy-to-use tools for fast and agile development of smart contract applications and personalized blockchains
  • Applications are deployed in sandboxed environments for security, scalability, and stability
  • SDKs are provided to make smart contracts easily upgradeable, standardizable, and auditable
  • In-depth documentation and open channel communications are provided for all elements of the Open Source Development system

Technical Details

  • Open source development projects are connected to a Finterra Open Source Chain and can be run as standalone blockchains or as provisioned applications
  • Any upstream transaction flow (originating from a 3rd party project chain or application and ending on an Open Source Chain) must include an accompanying Open Source Chain ‘handler contract’ which is audited and scrutinized before being whitelisted for deployment to guarantee the security of the Finterra ecosystem
  • To encourage innovation, all other configuration details and implementation aspects of 3rd party projects are left open to developers; the only other requirements are Finterra light-client integration and smart contract compatibility

Open Source Development

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