This system is a useful tool that companies use to increase the satisfaction and engagement of employees.
Ethereum smart contract is used to issue tokens and define all business logics.
The way how it works is:
– Company A issues RED COIN tokens.
– Company A distributes for each employee 100 RED COIN tokens at the beginning of month.
– Employees use RED COIN tokens to give to other employees (because that person has done a good contribution so you want to reward him/her,..). The amount of tokens received by recipient is called GREEN COIN tokens.
– At the end of month, each employee’s the remaining of RED COIN tokens will be reset to zero and GREEN COIN tokens of each employee will be converted into rewards.
– GREEN COIN tokens also are used for ranking to receive internal awards of the company.