Details

Industries

Blockchain,SaaS,Software

Founded date

Nov 2, 2018

Number Of Employee

1 - 10

Operating Status

Active

Legal Name

VendXOR LLC

VendXOR is a blockchain-based platform for vendor rewards. VendXOR was built with the purpose to change the way rewards such as coupons, vouchers, loyalty points, gift cards, or any other type of rewards are issued, managed, exchanged, and used.

Traditional processes for the lifecycle management of rewards are cumbersome and dated. Distributed ledger technology provides an ample opportunity to disrupt the industry and create value for all stakeholders.

VendXOR’s ability to issue, trace and settle rewards quickly and efficiently using distributed ledger technology allows it to change the current promotions and rewards landscape. Currently, reconciliation for rewards like coupons is accomplished using third-party companies like Inmar, an inefficient system that relies on antiquated clearing processes and infrastructure.

VendXOR allows vendors to issue their own rewards without the need for third parties. Also, for the first time, their rewards are completely traceable in near real-time, and are protected from fraud.