One of the EEA, which sets measures for Ethereum-based blockchain employment applications in business, shared the tendencies in a statement with Cointelegraph on Oct. 7.

Microsoft and so Intel are backing an innovative new system of reward tokens created by the Enterprise Ethereum Alliance (EEA).

EEA creates new reward expression system
The organization said that its full of created a new system of pay tokens that has the foundation of both software the big boys.

The EEA is a blockchain consortium from over 450 enterprise sector members such as Microsoft, JPMorgan Chase, Santander, Accenture, WEIGHING MACHINES, Intel and Cisco. It’s newly created token should incentivize and reward lenders who are actively participating in some sort of consortium.

Intel’s blockchain program managers Michael Reed told Coindesk that there are three types of tokens –  a reward token, their reputation token and a penalty token –  adding:

“It can actually be applied to any consortium that incentivize teamwork. The illustration we are using is a computer system software development consortium like EEA, where we are trying to support activities like editing and preparing specifications, developing and combining code. Then, of course, chances are you’ll apply penalties for downside, such as lack of contribution, not having review, missing deadlines accessories. ”

Cointelegraph has previously reported on the use of also to align and reward agents and individuals for their struggles. The Austrian capital for Vienna was reported to become or stay developing a blockchain-based token in a local incentive program in quick 2019.

My so-called Vienna token may very well be granted in return for providing opinions about the city, in an component designed to pay for parking properly for rewarding citizens to obtain riding their bikes. A tokens might later be very exchanged for something very helpful, such as theater tickets.

EEA’s published exploit cases for telecommunications
In August, the EEA in print a set of choose cases for blockchain engineering in telecommunications.

The list provided information on how blockchain technology could streamline business enterprise transactions and internal missions in the telecommunications industry.

Use cases earlier blockchain-based telecom call walking around user authentication,   blockchain-based telecom call roaming winning your ex back,   and data comfort and monetization.

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