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IBM and China UnionPay E-payment Research Institute Share Bank Card Bonus Points Among Multiple Banks Using Blockchain


At the Shanghai International Blockchain Week 2016, IBM and China UnionPay E-payment Research Institute previewed the demo of a collaborative project on loyalty bonus points exchange among multiple banks using blockchain technology. With a few simple and quick steps, consumers will be able to exchange bonus points from among any of the banks they do business with to select the rewards they want.