The official newspaper of the People’s Liberation Army PLA daily has reported that the soldiers of the world’s largest Chinese army can be rewarded in the bitcoin.
PLA Daily that is also known as the local military newspaper has given a clue that the soldiers of the Chinese army can get rewards in cryptocurrency for their good performance and loyalty to their country.
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The newspaper reports this news a few weeks after the Chinese President Xi Jinping called for the faster adoption of blockchain technology.
The local military newspaper also says that by giving rewards to the soldiers may produce excitement and enthusiasm among soldiers.
Token Reward system
Chinese army would implement blockchain technology in order to drive innovation. The Chinese military might develop a token reward system for this purpose. This token reward system would develop the performance criteria for giving rewards and this criterion will involve skills, task competition, training, and payment.
According to the Tuesday article:
To award or deduct tokens according to one’s daily performance and thus generate an objective assessment would effectively energize the human resource management.
Recently, the president of China Xi Jinping announced to adopt and implement the technology in their country. This announcement developed an awareness in the Chinese people and they started to realize the importance and potential of this blockchain technology. According to PLA Daily newspaper:
Blockchain technology solved the problem of traditional digital data being vulnerable to tampering or hacking and lack of credibility.
Blockchain interaction system in the Chinese Army
The Chinese army is moving toward the adoption of the blockchain interaction system. The Tuesday article said that this blockchain interaction system might develop and improve the communication and cooperation within the Chinese army and its soldiers.
By the use of blockchain technology, the military would also be able to store their secrets in the blockchain. And in this condition, the documents would be distributed among the servers and would not be copied.
The army of China is currently the world’s largest army and the Chinese army involves around 820,000 that is why it is considered the world’s largest army.