The blockchain technology has started to make an impact in some sectors like banking, education, and petroleum. Why don’t we leverage it to introduce social innovations and specifically propagate goodwill?

That latter part is the driver behind the thx! project. Using blockchain, it will enable people to show appreciation to others and earn a social score outside the usual setting — their company or community. In a way, these actions are already embedded in our day-to-day. For instance, we want to give an excellent waiter a tip. We want to be seen as helpful, generous, and kind by our friends and colleagues.

Yet, thx! takes things to the next level. As we send a token of appreciation to a waiter, he or she may accumulate a high enough thx! Score and claim certain benefits and rewards. Likewise, we can receive tokens from anyone and be eligible for certain benefits and rewards. And we can be sure that the scoring system is reliable and transparent because the data is recorded on a blockchain.

Hand-in-hand: The Ethereum blockchain and the thx! Platform

Each THX transaction is issued on the Ethereum blockchain adhering to the ERC20 standard. This technology allows for a transaction to rely on network consensus for approval instead of a central authority.

The blockchain is a transparent, honest, and manipulation-free platform. Whether you are a boss, an employee, or a customer, you can be sure that your thx! Score and all related data are safe and secure. You can share your thx! Score virtually or globally, outside your company or community. You can also use it to assess a current employee, a job candidate, or a loan applicant objectively.

Further, companies can use the database provided by thx! to look for service-oriented and hospitality-mindset employees with high scores. As a result, they can optimize their marketing methods or conduct credit management from a new perspective. Companies can also use the scoreboard for internal purposes, including giving out periodic employee award and employee promotion.

On the other hand, users with high scores will have access to special promotions such as invites to exclusive clubs or a VIP pass to concerts. Other benefits include priority reservation at restaurants where making a reservation is difficult, special discounts at hotels, discounted interest rates for loans, and employment offerings from participating companies.

So how does the thx! Platform help quantify each token holder’s popularity and generosity? The thx! Server constantly monitors thx! Ledger activities and calculates the thx! Score based on our proprietary algorithm. After calculation, the thx! Score is published on our platform.

Final thoughts

By enabling data to be recorded on the Ethereum blockchain, thx! removes the need for intermediaries. Users’ daily activities become the basis of their thx! Score. For employees, this means they aren’t just subject to the rating of their respective supervisors and colleagues using traditional metrics. Since the data cannot be tampered with or deleted, thx! also provides a more objective way of evaluating peers and other people.

Here is a new perspective and tool to leverage in rewarding hardworking individuals. Together, the blockchain tech and thx! can pave a better way for humans to interact in the foreseeable future.