As you know many of the mileage providers are financial firms, which are managed and maintained through a server-based management system, investing huge amounts of money every year in computer management and prevention of hacking. By utilizing a distributed head of blockchain technology, not only can it solve hacking risks due to central server management, but it can also minimize costs. RING Platform¹ is designed to prevent possible errors or hacking of existing centralization systems by applying blockchain² technology to the same level as financial institutions based on the financial security network specifications.

Talking about standard Technology for Interworking the Mileage System I would like to talk that Each company's mileage system is expected to be developed based on different technologies and structures, and it will cost huge costs to link all of these systems together in a direct manner. Because an integrated mileage system with a direct connection has a multi-connect architecture of 1:N, there is no case of implementing it in the market to date. RING Platform intends to present as a standard technology for inter-firm mileage system linkage by implementing a technology that enables each company to integrate the miles it has without having to link customer information through a blockchain-based mileage integration platform.

Talking about transparent transactions with the smart contract I would like to talk that by creating transactions through Smart Contracts, no one can modify the information in the ledger, which increases the safety of the information and enables any qualified institution to verify the information, enabling transparent transactions

Here you can see a business model of Ring Platform

RING Platform aims to create a virtuous business ecosystem that benefits both mileage providers and content providers by providing block-chain based 'mileage integration platforms' and content providers by providing 'market places with sufficient purchasing power'. To successfully operate the RING Platform ecosystem, the company plans to continuously identify customer needs by applying FinTech and big data processing technologies in addition to the mileage integrated architecture and blockchain technology, and to meet customer needs through partnership and cooperation with various content providers.

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Ring Platform