'TXP' is an acronym for the Token eXchange Platform.

Think of the platform as the infrastructure to enable members to securely and safely connect to each other, over the internet, to form a trusted community, without the need for specialist equipment or network integration.

The platform also allows software applications to be connected to it, to form part of the communities network.

By connecting different applications, additional meaning and context can be dynamically applied to a 'Digital Token' in real-time while processing. It is this flexibility and functionality which creates a powerful and seamless exchange of data between the participating members. Providing them the ability to deliver a personalised user experience to a consumer, using common event ticket or their existing membership pass.

The TXP is the service, which members can use to form a network and conduct Community Commerce, for their collective benefit.

No. TXP is an extension to your current marketing tools and is easily integrated.

The service has been designed and developed to operate using stand IT equipment running current web-browsers technology such as Chrome, Edge, Safari, Firefox, etc.

A 'PC' which is already in use as part of your Point of Sale 'POS' System could be used or even an existing smart mobile device such as a mobile phone or tablet. Camera functionality is required for scanning tokens, so a commercial available web-camera may be required maybe if not already incorporated into your device.

A digital token is anything with a unique identifier, such as a

- 1D or 2D barcode eg. QR code

- NFC/HF eg. ID card

You can use existing tickets, membership cards, vouchers, barcoded POS receipts or any of your own you have created.

UMD's mutual NDA can be found here

GUID stands for 'Globally Unique IDentifier'.

A GUID is a string of text, constructed from thirty two (128-bits) hexadecimal (0-F) characters, arranged in a standardised format ( XXXXXXXX-XXXX-XXXX-XXXX-XXXXXXXXXXXX).

Due to their size and construction, it is extremely unlikely a GUID will be repeated or duplicated when they are generated. This makes them ideal for use as a 'unique' identifier for items like tickets, vouchers, transactions, receipts references, virtual tokens, hardware, software applications, accounts and many other items, whether virtually or physically (e.g. QR Codes).

If you would like to know more about GUIDS please refer to the International Standards (RFC-4122) .

Vouchers, cashless, redeem points, collect points.

Eg. discount on food or a free gift

- Hosted cloud services

- Third party certified and secure

- PCI DSS compliant

- Merchant admin portal

- Web based, mobile applications