The problem Gratie solves

Problem:
Maintaining a sustainable relationship between service providers and businesses is difficult, as evidenced by the issues encountered by Uber. The platform's commission fees and users' dissatisfaction often lead to attempts to circumvent the system, causing disharmony in the ecosystem. Reviews and testimonials are crucial for understanding customer behavior, but they can be manipulated by a centralized system. Additionally, acquiring and retaining customers is a significant challenge for businesses, requiring substantial investment, and retaining employees is also expensive. Service providers typically receive rewards and incentives in fiat currency, which can take days to reach them, and they may lack financial literacy or opportunities to invest in company shares.

Solution:
Incentivizing service providers and employees with a cryptocurrency that can be traded internally and with other cryptocurrencies can foster a healthier ecosystem and encourage participation and collaboration. By creating a network of interconnected actors, businesses can strengthen their overall system. Offering incentives to users and employees can lead to a retention rate of approximately 50%, and businesses can set up their blockchain infrastructure for creating and listing their cryptocurrency quickly and inexpensively.

Collaborating with supporting services and allowing the usage of company tokens can reduce customer acquisition costs (CAC) by 30%, enabling a symbiotic relationship where collaborating businesses can acquire customers through company tokens and build a robust ecosystem around the generated enterprise token. Additionally, offering tokens in exchange for customer feedback incentivizes customers to provide feedback, improving the product or service and enhancing the overall customer experience, ultimately creating a mutually beneficial relationship between customers and the business. Crypto reward infrastructure tool expands ecosystem.

Challenges I ran into

Despite the challenges we faced integrating blockchain with our frontend, our team maintained a positive and collaborative attitude throughout. While we may have had disagreements and arguments, our shared commitment to the success of the project ultimately brought us closer together. As a result, we were able to focus on the end goal and work towards a solution that met our standards. By staying motivated and communicating effectively, we were able to overcome the technical hurdles and deliver a functional product. Our ability to work together and remain focused on the bigger picture was instrumental in overcoming the challenges we faced. Moving forward, we will continue to foster a strong team dynamic and prioritize open communication to ensure the success of future projects.