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Tuesday, January 19, 2021
Home News Chinese Military Eyes Blockchain Technology for Rewards Programme - Boosting Training and...

Chinese Military Eyes Blockchain Technology for Rewards Programme – Boosting Training and Gamifying System

The Chinese military is looking at blockchain technology to game soldiers into better performance in a token reward system that could offer a better system for the future.

According to a report at Globaltimes.cn – the new blockchain rewards system could also manage personnel data, along with offer rewards to boost training and mission performances, and give soldiers the chance to earned tokens that could be used to collect rewards, a move that experts said could give more immediate incentives to military personnel compared to previous reward systems.

An anonymous expert familiar with administrative work in the People’s Liberation Army (PLA) told the Global Times on Sunday that compared with previous reward and promotion systems used in the PLA, such as merit citations that were given only upon outstanding achievements and rank promotions which are based on years of service and long-term performance, the token system could be a more immediate incentive.

“It sounds similar to a KPI system that will give feedback to the troops very frequently,” the expert said, noting that the PLA might still need to figure out what the rewards might be.

“The token will likely not be allowed to circulate as money, and can only be used to exchange for rewards if the system comes into being,” the expert predicted.

 

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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