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Blockchain Loyalty Ecosystem Partnership Enables Employee Rewards

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Decentralized blockchain-based loyalty ecosystem qiibee has announced a partnership with Indorse, the decentralized social network for professionals, to reward employees. Creating team member reward and recognition programs, this collaboration will allow employees to better demonstrate their milestones and achievements, while incentivizing individuals to improve their performance.

Gabriele Giancola, CEO and Co-founder of qiibee, commented: “Employee performance can either push a business to booming heights or sink it entirely. Low morale will continue to wreak havoc until business owners step in and input processes and programs to encourage employees to reach their full potential and thrive in the workplace. By utilizing the Indorse platform, we are able to highlight the accomplishments of staff members, showcasing their efforts, and positively impacting the image of the business in the long run,”

qiibee has created a decentralized, blockchain-based loyalty ecosystem which provides support to program owners, companies and developers, by offering a developer kit with everything needed to create their own customized loyalty platform. qiibee is striving to connect the loyalty market, providing secure data solutions and removing a central data authority.

Co-founder and CTO of Indorse, Gaurang Torvekar stated: “This partnership conveys, yet again, another prime example of how blockchain technology has the potential to disrupt major industries. By partnering with qiibee, we continue to highlight the need for credible and verifiable claims on professional social networks, not only for future employers, but to encourage employees to operate at their full potential,”

Having launched an MVP on the 28th of November, 2017, two months after raising $9 million USD in its token sale, Indorse has created a platform where users will build their profiles and profit from their reputation by sharing their data and evaluating the claims of other users. Similar to the Proof of Stake mechanism, the Indorse Score allows moderators to stake their reputation on a claim or indorsement, offering users an easy way to earn rewards through a token-based system.

Giancola concluded: “Companies who are implementing the qiibee developer kit and platform will not only have the opportunity to reward their customers, but to now also reward their employees. With the help of Indorse, companies can build customized staff reward programs bringing us one step closer to bridging the gap between traditional loyalty systems and the world of emerging technology,”

 

Matthew Warner
Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.