Loyyal Releases v2.0 of Blockchain Platform
Loyyal, a company that uses blockchain technologies to enhance loyalty and incentive programs, is pleased to announce the launch of version 2.0 of the Loyyal Product Suite. This release improves transaction processing throughput across the company's distributed nodes by more than 700%, or nearly 800 transactions per second, per program operator on our network. This is the benefit of Loyyal's proprietary implementation of the Hyperledger Fabric blockchain framework. In addition, this new release increases database performance by more than 12x by storing metadata associated with blockchain transactions to a more modernized, high-performance distributed database architecture.
Increased Data Privacy
Another major new feature of version 2.0 is the incorporation of Multi-Channel support for Loyyal's licensees, providing them with greater control over the sharing of their private transaction metadata with selected business partners. This directly benefits large loyalty programs who have multiple earn and redemption partners, and wish to enable sharing of mutual transaction data between the program and its partners under various conditions. Metadata sharing can be enabled with varying security controls, making different subsets of metadata accessible to different partners and under differing conditions, based upon the nature of the business relationship.
Loyyal's blockchain-as-a-service and software components combine the core Loyyal Platform APIs, Program Manager, and Event Manager modules, coupled with secure Node hosting, for a complete solution. The capacity and performance enhancements, plus the robust data privacy controls of Loyyal Product Suite version 2.0, build upon the success of version 1.0 released in June of last year, which delivered enterprise-grade capabilities and improvements in transaction security, network resiliency, and scalability.