Referral Foundation, a London-based cryptocurrency startup, announced that it is creating an opportunity for the referral marketing industry by introducing blockchain technology.

The company’s mission to upgrade the industry with the help of blockchain provides early insights into the adoption of digital currency and its impact on the referral marketing industry. Referral Foundation will leverage blockchain and the ease of transactions and transparency associated with it, to further accelerate the market growth, the release stated.

Referral Foundation invites industry and cryptocurrency community members to join as vendors, developers, publishers or sponsors. New members can be a part of the company’s growing community by involving themselves in awareness, networking activities, and other projects.

The company is the creator of the neutral and independent entity ReferralCoin, a decentralized digital token targeted towards the multibillion-dollar referral economy. The entity is designed to meet the challenges and requirements of the rapidly expanding referral economy. The payment system based on ReferralCoin will satisfy the needs of complex payment structures that are implemented in network and referral based marketing setups.

By bringing blockchain technology, Referral Foundation will present dedicated solutions to create opportunities and benefits for network marketing and affiliate sales.