RATE Group | Enterprise Ethereum Alliance unveils token reward system for firms
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Enterprise Ethereum Alliance unveils token reward system for firms

08 Oct Enterprise Ethereum Alliance unveils token reward system for firms

Posted at 19:49h in Ethereum News by

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The Enterprise Ethereum Alliance (EEA), a group backed by J.P. Morgan, Microsoft and Intel that creates open standards for the Ethereum network, today announced new standards for companies building on Ethereum, as well as a token-based reward system that incentivises members of companies to work together.

Under the new system, businesses can earn, share, and redeem token-based rewards. Businesses can also dish out three types of tokens: “reputation”, “reward”, and “penalty”. The new system leverages Hyperleger Besu, an EEA standards-based Ethereum client for businesses. The system connects to a Trusted Compute pool, also developed according to specifications created by the EEA. 

“We expect developers building Enterprise Ethereum-related technologies to be motivated to submit projects to Hyperledger,” said Brian Behlendorf, executive director of Hyperledger and an EEA Associate Member. “We hope that project maintainers will consider taking de-facto interfaces that…

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