Today, the Enterprise Ethereum Alliance (EEA)
revealed its token-based reward system for incentivizing teamwork. The blockchain consortium used its recent trusted compute standards, self-sovereign identity, and token taxonomy definitions to create the system.
EEA members Microsoft, Intel, ConsenSys, iExec, and Kaleido worked together on the application and will demonstrate it tomorrow at the Devcon 5 conference in Osaka. Banco Santander and Chainlink will provide case studies of the token system.
It uses blockchain-based credentials for enterprise, so team members can earn, share, and redeem tokenized rewards. The tokens come in three types – reputation, reward, and penalty.
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