Business Interactive Reward Coin
Business Interactive Reward Coin
What is BIRC?
BIRC is an innovative and interactive reward ecosystem that combines local shops, O2O and blockchain. This cryptocurrency on blockchain will generate from interaction with local shops, so mining of cryptocurrency will be no longer funny toy of internet geeks and normal people can also mine in daily life. People can earn cryptocurrency easily when shopping, dining or go to movies.
BIRC defines specialized interactive rewards for every interaction scene with local shops. For instance, you go to restaurant with your family members and dine may produce actions like “rating”, “commenting”, “like” and “Photo uploading”. These actions constitute a set of “collection of interactions in restaurants”. People can receive corresponding “Business Interactive Reward Coin” when finishing an interactive action. When you participate in a concert, it will generate actions like “buying tickets”, “listening/watching”, “video uploading”, “check-in”. These actions will constitute a set of “collection of interactions in exhibition activities”. We will define every physical interaction in daily life. Both local shops and users will receive corresponding rewards when they generate interactions.
This is the first innovative application which combines physical interactive actions and cryptocurrency in the world. We will develop a sound ecosystem from this interaction process at most effort in the future. Users or local shops of BIRC will also create more unforeseen commercial applications, then BIRC will become a really valuable cryptocurrency!
What problems does BIRC solve?
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Physical interaction without value
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Reluctance to comment or rate
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O2O is inefficient
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Cost of mining is too high
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Cryptocurrency is not available to all
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Too many point reward systems result in confusion
Interactive Reward Ecosystem
Guests consume and interact with shops through O2O
Guests and shops earn BIRC
BIRC can be exchanged in cryptocurrency exchanges
Shops can buy BIRC in cryptocurrency exchanges as they wish. BIRC official can repurchase BIRC for supply too.
BIRC can be exchanged to Bitcoin or Ethereum, then exchanged again to fiat money.
User Interactive Scenario
Business Interactive Reward Strategy
BIRC defines specialized interactive rewards for every interaction scene with local shops. For instance, you go to restaurant with your family members and dine may produce actions like “rating”, “commenting”, “like” and “Photo uploading”. People can receive corresponding “Business Interactive Reward Coin” when finishing an interactive action. We will define every physical interaction in daily life. Both local shops and users will receive corresponding rewards when they generate interactions.
Interactive Reward Examples
Every interaction reward will be calculated by PoI formula.Numbers below are for reference. In 2019 we will release10 interactive application scenarios in daily life!
- Like :
- Guest receives 1 BIRC
- Local shop receives 0.5~2 BIRC
- Rating :
- Guest receives 1 BIRC
- Local shop receives 0.5 BIRC
- Commenting :
- Guest receives 1 BIRC
- Local shop receives 0.5 BIRC
- Photo：
- Guest receives 2 BIRC
- Local shop receives 2 BIRC
Proof of Interaction
Receive cryptocurrency by mining. The disadvantage is that it takes a lot of power to calculate. For example BTC, ETH.
Receive cryptocurrency by interacting with specific targets, networks, applications: BIRC.
Receive cryptocurrency by amount and time you hold it, just like interest. For example DASH、NEO、PIVX、ETH.
Make your life full of interaction
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Dining
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Clothing
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Housing
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Transportation
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Education
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Entertainment
Business Application Scenery
The interactive reward system of BIRC will integrate all application scenarios, including dining, shopping, living, transportation, education, and entertainment. Additionally, besides universal and common interactions and rewards for all application scenarios, BIRC will define distinctive actions and rewards based on specific business and consumer needs. Application scenarios as below are already in development. Supplementary application scenarios will be added according to demand. BIRC will make every interaction in consumer life produce a valuable reward!
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Rating
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Photo
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Check-in
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Comment
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RestaurantDining
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Oline/Offline ShoppingPurchase / Experience / Use
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RentalViewing / Rent
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TransportationTravel / Rent
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EducationTaking class / Register
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ShowBuy tickets / Join
BIRC Local Business APIs
BIRC Local Business APIs will be enabled in 2020. 3rd party developers can develop reward systems or other creative applications through BIRC.
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Data Layer
- BIRC BlockChain
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Application Layer
- Store API
- Location API
- Account API
- Transaction API
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Business Layer
- Local Business Apps/dApps
- 3rd Business Applications
- Trip Apps
- Others
API Economy
Through connecting API, the value of BIRCs service platform will increase, and thus an ecosystem will be built. Worldwide, approximately 60% of exchanges come from applications created through API. eBay opened its API in 2000 and has connected approximately 2,000 application programs. SoftBank’ “Pepper” uses open API and provides SDK to developers for free. In this way it can accelerate the rich content of application software and promote marketing sale. Facebook is one of the most popular social media platforms in the world and uses API to allow vendors to do direct marketing. All these brands are leaders of the API economy. Through API, BIRC can improve the interactions between customers and businesses effectively and promote business growth.
BIRC + Education
Education Reward
Reward system is very popular in various after-school tutorial institutes, for instance recommended registration, scholarship and point collection for small gifts.
Reward of academies
Students who achieve goals will be rewarded with BIRC. BIRC can be exchanged to cash reward of RE APP. They can go to shops of RE alliance for free stationery or gifts with RE APP reward cash.
BIRC＋SaaS
SaaS: Cloud software service
Integrate current cloud services. BIRC will have horizontal cross-platform application capability.
Points from buying drinks can exchange to BIRC
Through API, POS can deliver BIRC automatically when designate number of points are collected. No need for manual operation anymore.
BIRC＋IOT
IoT : Internet of Things – everything links to internet
BIRC reward for 10km-running.With API connection, smart treadmill will deliver BIRC automatically when designate conditions are met.
BIRC API + Car Safety
Car Safety : Incentive safety regulations.Reward for complying regulations
Through IoT of ECU, drivers will be rewarded automatically when complying regulations. For example changing tires regularly, no speeding and regular inspection.
Our Vision
A local business platform better thanGoogle's My Business:
Because of its openness and fairness, the commenting function of Google's ‘My Business’ has gradually replaced promoted posts from traditional bloggers. Coupled with the ‘Local Guide’ mechanism, which can accumulate points, My Business has become a useful tool for local businesses. BIRC salutes Google and releases a commenting and rating mechanism that is more attractive. A cryptocurrency acquisition mechanism based on concept of interactive mining will give a substantial value to the interaction between customer and business. It is expected to compete with Google in three years, and to build better O2O platforms for local businesses together!
Open API Structure:
BIRC Local Business APIs will be enabled in 2020. 3rd party developers can develop reward systems or other creations.
Future Perspective
BIRC is the first cryptocurrency system which is designed for interaction with physical shops. According past experience, we find that mining is only a funny toy of few engineers. For normal people mining and cryptocurrency are very difficult things to get close to. This is diametrically opposed to demand of currency. For now cryptocurrencies like Bitcoin, Ethereum are just investment products and can’t reach the goal of widely accepted by more normal people. But BIRC makes it. With very simple mechanism of interactive mining all people now can receive cryptocurrency. When everyone holds cryptocurrency and can deal with it easily, it meets the demand of circulation. We expect that the following things can be achieved in the future:
- To increase interaction between retailer and guest, also give value
- Ultra-low mining threshold: interaction is mining
- Intuitive reward mechanism
- Create O2Oecosystem, make electronis money useful in daily life
