Features of the Sandblock project
Explore the applications being built on top of the Satisfaction protocol. All those applications will be available for everyone within the consortium.
Businesses · One click subscription
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Eliminating the complexity of the blockchain for businesses which don't have the technical expertise is a key element in the technology adoption.
Sandblock is the decentralized Satisfaction protocol and mobile applications (Android and iOS) for customers, a desktop/web dashboard for merchants and custom integrations on payment terminals and e-commerce widget/plugins.
Q3 2017
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Q1 2018
Q2 2018
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Q4 2018
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Attention. There is a risk that unverified members are not actually members of the team
Summary
Sandblock has a great business model that’s directed at solving a problem with physical brands. They aren’t just another company offering a wallet and are working hard to solve a real problem. If their application is successful, and they can gain market traction with their prospected 10,000+ shops, then there’s no reason why Sandblock doesn’t have the chance at having a large user base and increased token value by early 2019.
Positives
Anybody Can Use It: This is a service that almost anybody could use. As long as they know how to use a smartphone, they can log into the app, play a couple of quick games, and make money.
ERC-20 Protocol: Sandblock runs on the Ethereum blockchain network which is proven to be both secure and efficient.
Class-A Team: Sandblock has a great team of developers, marketers, and designers.
Negatives
You Might Have To Wait: The application isn’t set to release until the second quarter of 2018 and will initially be partnered with only 500 shops. However, by the end of 2018, they plan to partner with 10,000 shops.
Project strong sides: looks like there are no string sides.
Project weak sides: common words about measurement techniques, business plan or any marketing data was not presented.
So our position is negative, probably scam.
All SAT cryptocurrencies are ERC-20 complaint and will serve as the bridge between the consortium and the real world economies. However, given that it will revolutionize the way coupons, loyalty points and vouchers are used, we’ve every reason to believe that Sandblock will affect the current e-commerce market.
Sandblock is not alone on the market, but what gives them a real advantage is an active campaign for establishing new partnerships. For the moment, they have 9 partners that results in acquiring 5 million customers and 1000+ shops. The idea is good and using the blockchain technology makes sense in this case. We can predict that Sandblock will grow by attracting small and medium-size businesses, but large enterprises may refuse dropping their own loyalty programs. So, we see the main challenge in scalability of the project.
A simple and clear idea of converting untradeable loyalty rewards, such as coupons or points, into tradable tokens created specifically for each company on the platform, and this idea may shoot if the team is able to attract enough companies in the ecosystem.
