A lot of people have questions. We get it. Here are the answers to some of yours.
What is Self-sovereignty?
Pretty simple. Your ID controlled by you – decentralized from any other controlling authority. XPID allows individuals to manage their verifiable credentials and DIDs (Decentralized identifiers) among the many organizations and loyalty programs they interact with – making their own economy, their own wallet and their own identity work for them – all through a proof of stake / proof of location methodology provided by the XPID ledger. With XPID self-sovereignty, you create your own little country of your loyal, life experiences – or simply your entire identity/wallet all in one place.
XPID is an efficient market of one’s data for locally-sourced deals and patronage, quantifying loyalty and patronage through the XPID token. One planet, one species preparing for when currencies tied to borders won’t matter.
What is a verifiable credential?
In accordance with the W3C Recommendation (Verifiable Credentials Data Model §1.1), and relating to the XPID Ledger, the credential will identify the subject (Customer/Holder Name), Issuing Authority (Loyalty Program Name/Issuer), Credential Type (Loyalty Program ID, and information related to specific attributes (Loyalty Program ID, Tier, Date became member, Transaction Date, Transaction/Location ID, Transaction Amount, Points Redeemed, Points Issued, Points Total).
What is a DID?
In accordance with the W3C Recommendation (Decentralized Identifiers §1.1), and relating to the XPID Ledger, the DID is an identifier document that provides verifiable, decentralized digital identity. These specifically identify public keys, names, IDs, devices, DID methods and schemes that enable identification, authentication and verification.
I’m a business owner – how can I take advantage of the XPID platform, get my XPID for my business, and access what my customers are saying about me?
If you are the registered owner of a business, and you would like to take advantage of the XPID loyalty economy, download the app and claim your XPID. Check out our XPID Loyalty Program Analytics page, and contact us for a demo today!
XPID will offer a freemium model to access certain amounts of data on your location each month, but other enterprise tiers of customer feedback will exist on the XPID enterprise platform.
The XPID enterprise platform will allow you to buy into the XPID economy, establish smart contracts of your own – and become a requestor of user data. Geo-fence requirements will be established, allowing your business to push geo-fenced notifications/promotions in real time as the customer is interacting with your goods and services on-site.
How can I spend my XPID?
XPID will exist in your wallet in the app – but can exist in any of the agnostic exchanges or wallets that are able to support the XPID token today. The easiest way is to use the XPID app, and find locally-sourced deals near your location, promotions will be offered online, or when you pass a geo-fenced location – extended to you through the XPID app notifications. Options will be presented to you as a consumer, and goods and services will be transacted for the XPID token.
How will XPID change the world?
Optimize your programs profitability and eliminate your loyalty point liability immediately by authorizing XPID fungibility allowing your customer to exchange into digital currencies.
Tokenization of loyalty points worldwide finally allows a legitimate loyalty economy allowing consumers to exchange loyalty for currencies anywhere in the world and use them when they want where they want.
Push campaign promotions with the XPID platform through suggestions of most likely customers due for a visit/repeat purchase.
Instantaneous balance adjustments on close of business transactions
XPID eliminates loyalty breakage – removes liability from your balance sheet. Customers are free to transact and secure their identity data.
Decentralized storage of loyalty data and verified credentialing of identities.