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Features of Universal Blockchain

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Words: 314 |

Page: 1|

2 min read

Published: Aug 16, 2019

Words: 314|Page: 1|2 min read

Published: Aug 16, 2019

The block chain will not be centrally managed. This will give employees full control over their operations, as well as freedom from taxation.Smart contracts. Users of the network will work on the basis of a consensus protocol of trust, mutual understanding, transparency and compliance with established protocols.Intellectual prize collection. Blockchain will have the intelligence to analyze the attractiveness of prizes based on real time and public demand. Human Resources departments can then use this data to plan far-reaching compensation programs for employees.

'Why Violent Video Games Shouldn't Be Banned'?

By the way, knowing what an employee wants to receive as a gift is not only useful information in order to pick up a reward for him. Our desires are a fragment of the card of our personality, which is important for the employer if he wants to understand his team and manage it in a qualitative way. Effective management with a complete lack of understanding of the structure of the personality is possible only with a strictly authoritarian approach, which has not worked in modern society for a long time.

Among all companies using the platform, the one that will apply this approach will be the most popular among the staff. Just imagine - you do not even need to wait until your gift is bought by another "rewarded" one. Instead, you will come to the store with your own crypto currency and choose what you like best.

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The company can massively purchase tokens on the exchange, and afterwards, distribute them among its employees as gifts and rewards. Having accumulated the necessary number of tokens for a long-awaited purchase, the user will simply make a choice. By the way, the crypto currency can be easily converted into fiat, and also, it grows in price, if it is active. By receiving tokens from the employer, the user will also receive a real crypto-currency asset, which can be exchanged for other crypto-currencies, or even for fiat

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Features Of Universal Blockchain. (2019, August 08). GradesFixer. Retrieved April 19, 2024, from https://gradesfixer.com/free-essay-examples/features-of-universal-blockchain/
“Features Of Universal Blockchain.” GradesFixer, 08 Aug. 2019, gradesfixer.com/free-essay-examples/features-of-universal-blockchain/
Features Of Universal Blockchain. [online]. Available at: <https://gradesfixer.com/free-essay-examples/features-of-universal-blockchain/> [Accessed 19 Apr. 2024].
Features Of Universal Blockchain [Internet]. GradesFixer. 2019 Aug 08 [cited 2024 Apr 19]. Available from: https://gradesfixer.com/free-essay-examples/features-of-universal-blockchain/
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