iSHANG Partners with 3Business to Launch Web3 Coupon Solution Through Cyberport Web3 Proof of Concept Scheme

iSHANG Partners with 3Business to Launch Web3 Coupon Solution Through Cyberport Web3 Proof of Concept Scheme

HONG KONG – October 13, 2024 – iSHANG Technology Limited (iSHANG), a leader in Web3 enterprise solutions, has announced its collaboration with 3Business, the corporate brand of Hutchison Telecommunications (Hong Kong) Limited, to develop and implement a groundbreaking Web3 Coupon Enterprise Solution. This initiative, supported by the Cyberport Web3 Proof-of-Concept Subsidy Scheme, integrates advanced technologies such as 5G, blockchain, and artificial intelligence (AI) to enhance customer engagement, reward systems, and mobile advertising services for enterprises.

A New Era in Customer Rewards and Engagement

The Web3 Coupon Enterprise Solution introduces a new dimension to customer reward systems, enabling businesses to offer personalized and exclusive digital rewards. By integrating Web3 technologies, the platform ensures secure, transparent, and traceable coupon transactions. This not only enhances the customer experience but also builds trust, as customers can verify the authenticity and validity of their digital rewards.

This collaboration signifies a significant leap forward in how businesses manage customer engagement and loyalty campaigns. With Web3's decentralized nature, iSHANG’s Web3-Coupon platform allows customers to earn high-value digital assets in the form of rewards, moving beyond the traditional points-based system. The shift towards exclusive digital rewards fosters deeper connections between brands and their customers, transforming conventional promotional campaigns.

5G Integration and Efficiency

Leveraging the power of 5G connectivity, AI, and smart contracts, iSHANG’s Web3-Coupon platform simplifies the entire coupon lifecycle—from creation to redemption and tracking. The use of blockchain technology ensures the transparency and immutability of these transactions, providing businesses with a more efficient solution for managing coupon campaigns. Merchants can now easily track promotion results, analyze conversion rates, and understand customer consumption patterns with greater accuracy.

The partnership also enhances the current mobile advertising services provided by 3Business, adding value to enterprises looking to revolutionize customer loyalty and rewards programs. By shifting from traditional mass promotion messages to a more targeted and traceable system, the solution provides a comprehensive way for businesses to manage and analyze their promotional efforts.

Blockchain’s Role in Web3 Coupon System

Blockchain technology serves as the backbone of the Web3 Coupon System, ensuring that every transaction is secure and verifiable. The platform allows customers to interact with a transparent and trustworthy ecosystem, reinforcing confidence in the authenticity of their coupons. By representing coupons as unique digital assets, the Web3-Coupon model transforms customer loyalty, offering exclusivity and added value that deepens customer engagement.

Samson Lee, Co-founder and CEO of iSHANG, emphasized the importance of this partnership: “Web3 is reshaping how businesses incentivize and reward customers. Our collaboration with 3Business under the Cyberport Web3 Proof-of-Concept Subsidy Scheme marks a pivotal step in the evolution of customer incentives and loyalty programs. By combining Web3 technologies, 5G, and blockchain, we are delivering a secure and transparent platform that enhances the customer experience and transforms how businesses interact with their clients.”

Driving Innovation with Cyberport Web3 Proof-of-Concept Scheme

The Cyberport Web3 Proof-of-Concept Subsidy Scheme has played a crucial role in supporting iSHANG and 3Business in their endeavor to innovate within the Web3 landscape. The subsidy scheme fosters the adoption of emerging Web3 technologies across industries, empowering businesses to explore new digital frontiers and accelerate the commercialization of Web3 solutions.

This collaboration showcases the practical applications of blockchain in enhancing trust between consumers and merchants. By ensuring secure and verifiable transactions, blockchain helps businesses offer more personalized and exclusive promotions that resonate with modern consumers.

The Web3-Coupon system represents a paradigm shift in how businesses manage promotions, moving away from generic offerings to more tailored, high-value digital assets. These assets can be traded or redeemed by customers, further strengthening the engagement between consumers and their favorite brands.

About iSHANG Technology Limited

iSHANG operates a "Web3-as-a-Service" (W3aaS) platform, providing the necessary infrastructure for brands and enterprises to enter the Web3 market. The platform supports a variety of Web3 solutions built on Ethereum and Polygon blockchains, utilizing decentralized storage through IPFS (Inter Planetary Filing System). iSHANG also offers a comprehensive campaign management service, designed to help businesses launch Web3 marketing campaigns, retain customers, and manage the exchange of NFTs. By offering a one-stop consulting and campaign management service, iSHANG empowers brands to transform their business models and capitalize on emerging market opportunities within the Web3 space.