Guys, are there any disadvantages in this project we should know about
Like any project, there are areas that could flag up potential concern but we believe that by identifying them early, we can build the business case to accommodate for this.
One concern is whether larger, established stores with their own rewards scheme will resist moving onto Shrew Rewards. However, we have established that working with smaller, local stores and e-commerces to begin with and using them as a driving force for the larger stores to adopt the rewards can help with the attraction of adopting Shrew. Either way, we anticipate a large interest and uptake from local stores since many cannot afford implementing reward programmes. If we are looking at the way our economical world is being shaped through blockchain, what Shrew offers is something affordable and appealing to your average retailer.
Another concern could be manipulation of reward points once implemented. How can we stop reward point fraud? Traditional rewards point schemes face massive losses from individuals that 'game' the system through loopholes such as purchasing items, earning points, then returning the items. Effectively they keep the points in this way and traditional systems don't have the technical facilities to reimburse the store with the points when returns of goods are made.
We have come up with a few ways of dealing with this problem and saving retailers from losses however this needs to be developed further.
Everything takes time and to revert back to the question this can be a disadvantage for some. The crypto space has conditioned some investors for instant results which unfortunately is not going to be the case for our project. We take pride in the steps we take to ensure a bullet proof product is available to market.