Hughes Systique Private Limited

Amit Gupta

Sushant Jain

A decentralized system comprises enterprises, a decentralized blockchain platform, smart contracts, and a mobile device. The enterprises are onboarded onto the decentralized blockchain platform and are provided with credit points for the consumers. Each enterprise registers on the decentralized blockchain platform using a smart contract including rules. User performs transactions with the enterprises and the credit points are computed based on the smart contract. An issuing enterprise transfers credit tokens to a blockchain account that is generated for the consumer, and the credit tokens are redeemable at a redeeming enterprise. A mobile application of the consumer authenticates a transaction at the redeeming enterprise. The redeeming enterprise provides a quick reference code, which the consumer scans using the mobile application and authenticates the transaction. The redemption is then exchanged for a differentiated value based on the smart contracts of the issuing enterprise and the redeeming enterprise.

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Delhi, India

Amit Gupta