The BBVA Financial institution started their “BBVA Campus Wallet” project, a token recruitment platform with the intent of implementing it in the future on Ethereum’s public network. For the time being, the platform does not work with blockchain technology, this model of exchange allows employees to give value in tokens to courses and workshops, online and in person, as well as to certify the hours taken and taught.

This information was released on June 7th, through their official website. Carlos  Kuchkovsky, Director of Technology for New Digital Business at BBVA, stated that

“We are pioneers worldwide in the use of tokens applied to training in the corporate environment. BBVA is exploring for the first time the economic models based on tokens”.

Their operation is based on the exchange of knowledge among professionals. Each
employee initially obtains an amount of tokens (without monetary value) to access the
offering of courses and workshops. If they take courses or give training, they can obtain
new tokens. This system involves managing supply and demand to maintain the value
of the tokens.

The head of BBVA Training, Pilar Concejo, commented:

“We are not only learning at a technological level, we are developing a decentralized model of access to training that entails the exercise of conceiving a new open system based on these ‘tokens'”

In Spain and Argentina, around four thousand employees have joined this platform,
according to BBVA. The objective is the exchange of registered tokens in a public way
and the capture agreements, are defined in smart contracts.

 

by Samuel Paz

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