Trust Layer - Powered by Hedera
By using Hedera, The Coupon Bureau can bring its standardization and added efficiencies to the marketplace with transparency and trust. By allowing 3rd party validation and audit capabilities among authorized stakeholders, the industry will be able to have confidence in this centralized, agnostic solution.
How it works
Coupon is logged to agreed upon Hedera topic ID for each update (creation, redemption, expiration)
Increased Transparency
Each coupon creation and redemption is tracked. At each stage of the coupon lifecycle a transaction is sent to Hedera using the Hedera Consensus Service. The fast, low-cost API provides the Coupon Bureau and its partners a single, trusted view. Each transaction sent to Hedera returns a consensus timestamp with strong ordering guarantees to affirm the active state of the coupon. Since Hedera is a public network, each authorized party is able to see the latest updates and, optionally, store the data in their database of choice.
Fraud Mitigation
Hedera’s high performance with consensus finality in seconds allows for all parties to have a consistent view of data. Through real-time authentication of coupons, this new positive offer file can remove the redemption of fraudulent offers.
Why Hedera Hashgraph
Hedera augments fraud mitigation solutions through a combination of game-changing and unique functionalities unattainable by alternative public distributed ledger technologies.
Verifiable Timestamps
Hedera augments fraud mitigation solutions through a combination of game-changing and unique functionalities unattainable by alternative public distributed ledger technologies.
Tamper-Proof
Online fraud includes the manipulation of data by both internal or external participants. Hedera Consensus Service creates a tamper-proof log to bolster data legitimacy.
Real-Time Analysis
Catch fraud before it happens. Underlying hashgraph consensus enables thousands of transactions per second on Hedera, with finality in seconds. Enable fast predictive analysis and detection of fraud within your application.
Auditable
Application stakeholders can verify the authenticity of any transaction on Hedera. Meet compliance requirements and make auditing a breeze by logging events on Hedera.
Enterprise-Grade Security
Hashgraph is asynchronous Byzantine fault tolerant (ABFT), and offers the highest grade of security for the Hedera public distributed ledger.
Identity Standards
Hedera and the open DID specification offers businesses the tools to manage credentials through their lifecycle in a secure, standards-based, and privacy respecting manner.