What is it?
How does it work?
So in this example a buyer who purchased a $100 item, would receive 1000 reward points. The buyer accumulates these points in the Loyal Shopper wallet app. When the buyers shop your store again and want to use their rewards on the new purchases, they open up the wallet and redeem the points – these points convert into a discount code that can be applied at Shopify checkout. In our example, 1000 rewards are converted into $10 discount (those rates are flexible and configurable by the merchant).
How is Lyra solution better than similar ones in the Shopify marketplace already?
What is a permissioned blockchain and how do I benefit from it?
Permissioned blockchain cannot be a fully decentralized network. However, even permissioned blockchain can contain features of decentralization that are missing from a regular network provided by a proprietary vendor. If permissioned blockchain is supported by multiple participants (authorizer nodes), the failure of one or even several participants does not fail the entire network. In a single-provider network, everything depends on the single entity.