Microsoft (MS), a dinosaur company of information technology, and Intel are sponsoring a corporate reward system issued by a coalition of companies helping blockchain project Ethereum.
The Ethereum Enterprise Alliance (EEA), which sets the standard for Ethereum-based enterprise blockchain applications, launched a corporate-only compensation system, according to CoinTelegraph, a cryptocurrency medium.
The newly created tokens will be used to provide as much incentives and rewards as contributed by companies joining the Ethereum Corporate Alliance.
Michael Reed, director of Intel's blockchain program, said, "The reward system consists of three tokens: reward, reputation, and penalty. The compensation system can be applied to companies participating in the Ethereum Enterprise Association. Rewards are provided to motivate active participation such as code development.”
Michael Reid, general manager of Intel's blockchain program, explained that the new system has three types of tokens: reward tokens, reputation tokens and fine tokens. Reid also explained that tokens can be applied to any form of consortium to encourage teamwork.
For example, Reed says that software development consortiums such as EEA, an organization that strives to encourage activities such as code development or addition, can also use tokens, and fine tokens may be applied for reasons such as lack of contribution, lack of review, and deadlines. did.