0% found this document useful (0 votes)
6 views6 pages

Btemp

Download as docx, pdf, or txt
Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1/ 6

B.

Tech Major Project Documentation

Loyalty Points Exchange DApp


Title Page
 Project Title: Loyalty Points Exchange DApp
 Student Name(s): [Your Name(s)]
 Roll Number(s): [Your Roll Number(s)]
 College Name and Department: [Your College Name, Department of Computer
Science and Engineering]
 Supervisor(s): [Supervisor Name(s), Designation]
 Academic Year: [Year]

Abstract
The Loyalty Points Exchange DApp is a decentralized platform designed to facilitate the
exchange of loyalty points across multiple service providers, ensuring transparency, security, and
interoperability. By leveraging blockchain technology, the platform eliminates inefficiencies in
traditional loyalty programs, offering users the ability to trade points seamlessly. Smart contracts
ensure fair transactions, enabling businesses to enhance customer satisfaction and engagement.

Introduction
Historical Context

Loyalty programs have long been used by businesses to retain customers and encourage repeat
purchases. However, traditional loyalty systems often operate in silos, limiting the usability and
value of accumulated points. The advent of blockchain technology presents an opportunity to
revolutionize loyalty programs by enabling interoperability and transparency.

Significance of the Loyalty Points Exchange

The exchange of loyalty points enhances customer experience by allowing them to utilize points
across multiple vendors. This increases the perceived value of loyalty programs, driving greater
participation and fostering customer loyalty.
Emergence of Blockchain Technology

Blockchain technology provides a secure and transparent infrastructure for loyalty points
exchange. Its decentralized nature ensures data integrity and prevents fraud, while smart
contracts automate transactions, reducing operational costs.

Motivation

The project aims to address the limitations of traditional loyalty systems by creating a
blockchain-based marketplace where users can trade loyalty points efficiently, fostering a
collaborative ecosystem among service providers.

Problem Statement

Existing loyalty programs lack interoperability, transparency, and security, leading to


inefficiencies and underutilization of points. This project proposes a blockchain-based solution to
create a decentralized loyalty points exchange marketplace.

Objectives
Key Goals

1. To develop a decentralized marketplace for loyalty points exchange.


2. To enable traceability and security of loyalty point transactions using blockchain.
3. To implement smart contracts for automated and fraud-resistant trading.
4. To enhance customer satisfaction by providing a seamless platform for loyalty point
utilization.

Sub-Goals

1. Design a user-friendly interface for effortless interaction among users and vendors.
2. Integrate analytics and reporting features for better decision-making.
3. Ensure scalability to handle a growing number of users and transactions.

Literature Survey
Existing Solutions

1. Traditional Loyalty Programs:


o Operate in silos, limiting interoperability.
o Require extensive manual management and tracking.
2. Blockchain-Based Loyalty Platforms:
o Emerging solutions enable interoperability but lack widespread adoption.
o Examples: Qiibee, LoyalCoin.
3. Challenges in Existing Systems:
o Lack of standardization.
o High operational costs.
o Limited trust and transparency.

Proposed Solution

The Loyalty Points Exchange DApp leverages blockchain’s transparency and automation to
address these challenges. Key features include:

1. Interoperability: Enables seamless exchange of points across vendors.


2. Smart Contracts: Automates transactions and enforces rules.
3. Immutable Ledger: Ensures transparency and trust.

Proposed System
System Overview

The Loyalty Points Exchange DApp consists of the following components:

1. Smart Contracts:
o Manage issuance, trading, and redemption of loyalty points.
o Ensure compliance with predefined rules.
2. Frontend Interface:
o Provides a user-friendly interface for trading points.
o Allows users to view balances and transaction history.
3. Blockchain Backend:
o Records transactions immutably on Ethereum blockchain.
4. Decentralized Storage:
o Stores metadata and non-sensitive information using IPFS.

Workflow

1. User Registration:
o Users sign up and undergo identity verification.
2. Points Issuance:
o Vendors issue loyalty points to customers.
3. Trading Mechanism:
o Users trade points with others in the marketplace.
4. Redemption:
o Points can be redeemed for rewards or services.

System Features

 Transparency: All transactions are visible to stakeholders.


 Security: Blockchain ensures data integrity.
 Automation: Smart contracts reduce manual intervention.

Methodology
Technology Stack

1. Blockchain Platform: Ethereum.


2. Programming Language: Solidity.
3. Frontend Framework: React.js.
4. Backend Framework: Node.js.
5. Storage: IPFS.

Development Phases

1. Frontend Development:
o Built with React.js for a responsive interface.
2. Backend Development:
o APIs developed using Node.js for blockchain interaction.
3. Smart Contract Development:
o Deployed on Ethereum testnet using Truffle Suite.
Implementation
Smart Contract Code
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.20;

import "@openzeppelin/contracts/token/ERC20/ERC20.sol";
import "@openzeppelin/contracts/access/Ownable.sol";

contract LoyaltyPoints is ERC20, Ownable {


constructor() ERC20("LoyaltyPoints", "LP") Ownable(msg.sender) {}

function issuePoints(address to, uint256 amount) public onlyOwner {


_mint(to, amount);
}

function redeemPoints(uint256 amount) public {


_burn(msg.sender, amount);
}
}

Backend API Code


const express = require("express");
const Web3 = require("web3");
const LoyaltyABI = require("./LoyaltyPoints.json");
const cors = require("cors");

const app = express();


app.use(express.json());
app.use(cors());

const web3 = new Web3("http://127.0.0.1:7545");


const contractAddress = "0xYourContractAddressHere";
const contract = new web3.eth.Contract(LoyaltyABI.abi, contractAddress);

app.post("/issue", async (req, res) => {


const { to, amount, from } = req.body;
try {
const result = await contract.methods.issuePoints(to,
amount).send({ from });
res.json({ transactionHash: result.transactionHash });
} catch (error) {
res.status(500).json({ error: error.message });
}
});

app.listen(3000, () => console.log("Server running on port 3000"));

Results and Discussion


1. Smart Contract Deployment:
o Deployed successfully on Ganache with address 0xYourContractAddressHere.
2. API Execution:
o Tested /issue endpoint for issuing 100 LP successfully.
3. Frontend Interaction:
o Successfully connected MetaMask wallet and traded loyalty points.

Conclusion
The Loyalty Points Exchange DApp represents a significant step toward revolutionizing
traditional loyalty programs. By enabling interoperability and transparency, the platform fosters
collaboration among service providers and enhances customer satisfaction.

You might also like