SIU Blockchain Potential Application & Token Economy Effect on Employee Discussion

User Generated

creel13495

Computer Science

Schiller International University

Description

1. Discuss blockchain's potential application in compensation systems (base wages, incentives, rewards).

2. How can a token economy affect employee compensation?

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Explanation & Answer

final answer attached. thank you for working with me. i really appreciate.

Running Head: BLOCKCHAIN

1

Discussion
Student’s Name:
Institution Affiliation:

BLOCKCHAIN

2

Discuss blockchain's potential application in compensation systems (base wages, incentives,
rewards)
Blockchains are digital wallets only safer, faster, transparent, and with cheaper
transaction rates. The technology is founded on transparency and elimination of the third party
through decentralization, non-erasable footprint by using digitalized ledgers with real-time
updates and automatic transactions (Cozzi, 2020). The 21st century has seen the globe turn to a
village with ease of movement, blockchains are assessable from any point in the world, and the
transaction is instantaneous with little charges compared to banking systems.
The question of whether blockchains have the application potential in compensation
systems such as wages, incentives, and rewards is relevant, considering every online shopping
platform accepts blockchains...


Anonymous
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