Avanquest Software, a global developer of consumer software and apps, has released a new AQ Rewards app that is powered by blockchain technology.

AQ Rewards takes the advantage of speed, flexibility and security of blockchain technology with the help of Bytecent platform in order to distribute rewards to its users. The users get digital currency as the reward with Bytecent. Bytecent is the first peer-to-peer rewards network powered by blockchain technology.

“AQ Rewards bridges the gap between digital currency enthusiasts and mainstream consumers. AQ Rewards serves as an example of a real world implementation of blockchain technology while introducing a new audience to the concept of digital currencies,” the release stated.

The company with the release of the new app aims to reinvent how rewards are sent and received by instantly rewarding users with a digital currency. The AQ Rewards app is a free Android application and rewards users with Bytecent, who are trying out new applications, filling surveys and getting involved in other activities.

The rewarded users, can convert their Bytecent into gift cards and Bytecent can also be traded on the popular Bittrex trading platform for Bitcoin and fiat currencies.