Universal Recognition Token - The Ultimate Employee Rewards Marketplace

Universal Recognition Token is the first blockchain-based corporate rewards marketplace where employees may auction their gifts, rewards and prizes to the general public.

Problem:
A substantial portion of the gifts given don’t match what the individual employees actually want. This is because HR departments cannot predict what every individual employee wants, especially as the number of offices and employees grows.
A SUBSTANTIAL PERCENTAGE OF GIFT CARDS GO UNREDEEMED

AND LOTS OF THE MERCHANDISE ENDS UP SITTING UNUSED ON SHELVES OR COLLECTING DUST IN BOXES IN THE GARAGE

THE SYSTEM IS INCREDIBLY WASTEFUL, ESPECIALLY GIVEN THE LARGE AMOUNTS OF MONEY BEING SPENT. HOWEVER, DUE TO THAT WASTE, THERE IS ALSO OPPORTUNITY PRESENT.
Liquidity
A substantial portion of the gifts given don’t match what the individual employees actually want. This is because HR departments cannot predict what every individual employee wants, especially as the number of offices and employees grows.
Stackability
Because URT is permanently and immutably stored on Blockchain, token value never expires. This means you can accumulate smaller gifts which otherwise would have been wasted into something more meaningful, like a dinner or a trip. It can follow you for life, even if you change employers.
Way Better Prizes

Often times many of the best gifts are local and boutique instead of generic. Dinner at a great restaurant in your city, tickets to a local sporting event, or going to see a show that is playing at your local theatre. Central HR departments cannot know all of the great prizes, in all of the cities, all of the time — it’s too much work.
However, with blockchain, we will have public data on which prizes are highest in demand. This means we can have many more prize vendors submit prizes and the system will automatically tell companies to increase quantity and buy more of the in-demand prizes and phase-out and buy fewer of the less impactful prizes.
Background
Employee recognition programs are a longstanding feature of corporate workplaces. Most of the spending on corporate recognition comes in the form of gifts — specifically gift cards and merchandise — to celebrate occasions such as:

Events
Sales quota attainment
Years of Service
Birthdays
Promotions
Project Milestones
Corporate Values
Personal Achievments
Wellness
Company founding anniversary
Referral incentives for recruiting
Deal / Task Completions
Holidays
Christmas
End of Year
Valentine’s Day
Employee Appreciation Day
Memorial Day
Mother’s Day
Father’s Day
Independence Day
Labor Day
Halloween
Thanksgiving
Corporate spending on these categories is significant. in the United States alone, companies spend $90B annual on employee recognition according to Deloitte.