Reward Chinese soldiers in cryptocurrency, military mouthpiece says

Chinese soldiers could be rewarded in cryptocurrency tokens for good performance if the country’s armed forces embrace blockchain technology, a military newspaper has suggested.

Applying the technology to managing the People’s Liberation Army (PLA) would drive innovation, the military mouthpiece PLA Daily said on Tuesday.

The article suggested establishing a digital currency token reward system for staff performance assessments based on criteria such as training, speciality skills, task completion and others.

“To award or deduct tokens according to one’s daily performance and thus generate an objective assessment would effectively energise the human resource management,” it said.

This came a few weeks after President Xi Jinping spoke about blockchain, which stirred a market surge for cryptocurrencies and related company shares.

In a group study session on blockchain with other top Communist Party leaders, Xi called for faster development of the technology and more investment…