Development of a Prototype Social Points Exchange Platform on Blockchain
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Abstract
Social activities contribute to the well-being of communities and society as a whole. Many organizations promote social engagement by implementing point-based reward systems, allowing participants to accumulate and redeem points for rewards. However, activity participants often fail to utilize their accumulated points, either due to insufficient point balances or rewards that do not align with their preferences. This experimental research aimed to: 1) investigate approaches for applying blockchain technology to a social points exchange platform; and 2) evaluate the efficiency of the developed platform under specified scenarios. The research tools comprised Hyperledger Fabric, serving as the blockchain database; a mobile web application, used for managing blockchain transactions; and Hyperledger Caliper, employed for measuring blockchain performance. Simulated users were generated as the study sample to conduct coin exchange transactions among one another. The experimental results demonstrated that the developed platform was capable of tokenizing accumulated points into coins and efficiently retrieving and tracing transaction records with high performance. Furthermore, the platform incorporated individualized expiry date management for each user's accumulated points, thereby preventing transactions from being processed beyond their designated expiration periods. However, the speed of executing bid-and-offer coin exchanges between users remained a limitation, exhibiting relatively low efficiency.
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