Home Coinbase Coinbase is reportedly testing out having workers charge one another in an app with a thumbs up or thumbs down after conferences and different interactions – Yahoo Finance

Coinbase is reportedly testing out having workers charge one another in an app with a thumbs up or thumbs down after conferences and different interactions – Yahoo Finance

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Coinbase CEO Brian Armstrong.Patrick T. Fallon / Getty Photos

  • Coinbase is experimenting with having workers charge one another, The Data reported Monday.

  • Employees are reportedly requested to judge each other after conferences and different interactions based mostly on how nicely they mannequin 10 core values.

  • Workers can provide their colleagues a thumbs up, thumbs down, or impartial evaluate, the report says.

Coinbase is reportedly asking workers to charge one another after interactions as a part of an app-based pilot program.

The cryptocurrency firm has been piloting an app that collects workers’ evaluations of their colleagues, together with their managers, after conferences and different interactions, The Data reported Monday, citing two folks with direct information.

Referred to as Dot Collector, the app was invented by Ray Dalio’s hedge fund, Bridgewater Associates, and has been in use by Coinbase’s HR and IT groups for the reason that first quarter of this yr, in accordance with The Data.

Within the app, workers evaluate how nicely their coworkers display 10 core values at Coinbase, together with issues like communication and “constructive vitality,” per The Data. They’ll share their enter within the type of a thumbs up, thumbs down, or impartial evaluate.

Staffers on the cryptocurrency firm can solely see the rankings they obtain, The Data reported, citing an individual accustomed to the pilot.

Coinbase didn’t instantly reply to a request for remark.

Bridgewater Associates famously has a similar employee rating system in place. In a TED convention in 2017, Dalio defined how all the agency’s workers had company-issued iPads with an app known as Dots the place they rated each other in real-time on more than 100 attributes on a scale of 1 to 10.

“My goal has been to have significant work and significant relationships with the folks I work with, and I’ve realized that I could not have that except I had that radical transparency and that algorithmic decision-making,” Dalio stated on the time.

Learn the unique article on Business Insider

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