Harnessing Blockchain Potential: Merging Tokenomics with Project Earnings

As the digital era progresses, innovative paradigms are transforming traditional methods of compensation and collaboration. One such paradigm, "Coding: Where Bug Pays Bill," harnesses blockchain technology to ensure fair and transparent compensation for project contributions. This paper explores the potential of blockchain to revolutionize project compensation systems. Effective compensation management involves developing and implementing strategies that fairly and equitably reward individuals, reflecting their value to the organization. This includes establishing a comprehensive compensation structure that covers pay policies, payroll administration, and a holistic reward system incorporating minimum wage and collective incentives. Similarly, offering monetary rewards to students can significantly enhance their study habits and academic performance. We propose creating a platform where students can improve their skills and study diligently by completing tasks and earning rewards. Our primary aim is to increase students' motivation to learn and boost their productivity through this incentivized approach.

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Publication Details

Published
2024-11-22
DOI
https://doi.org/10.1109/aece62803.2024.10911753
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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Harnessing Blockchain Potential: Merging Tokenomics with Project Earnings

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Harnessing Blockchain Potential: Merging Tokenomics with Project Earnings

Shashi Bhushan, Vaibhav Sharma, Kanika Garg, V. Ceronmani Sharmila, Priyanka Tyagi, Abhinav Bansal
article en

Abstract

As the digital era progresses, innovative paradigms are transforming traditional methods of compensation and collaboration. One such paradigm, "Coding: Where Bug Pays Bill," harnesses blockchain technology to ensure fair and transparent compensation for project contributions. This paper explores the potential of blockchain to revolutionize project compensation systems. Effective compensation management involves developing and implementing strategies that fairly and equitably reward individuals, reflecting their value to the organization. This includes establishing a comprehensive compensation structure that covers pay policies, payroll administration, and a holistic reward system incorporating minimum wage and collective incentives. Similarly, offering monetary rewards to students can significantly enhance their study habits and academic performance. We propose creating a platform where students can improve their skills and study diligently by completing tasks and earning rewards. Our primary aim is to increase students' motivation to learn and boost their productivity through this incentivized approach.

Universiti Teknologi Petronas (MY)
Decent work and economic growth
Openalex Percentile: Top 55%
Blockchain Technology Applications and Security
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