Compliance

Orb launches full-scale launch of ShineCoin, a digital in-house currency service aimed at improving employee engagement

Orb Inc., a subsidiary of TrustBank Co., Ltd., has begun full-scale provision of "ShineCoin," a digital in-house currency service that utilizes its distributed ledger technology, "Orb DLT." The digital in-house currency service "ShineCoin" is a "conditional payment instrument" that is granted to employees based on a system designed and operated by the company. The introduction of Shine Coin will improve employee engagement and reward meaningful behavior, and support policies and systems that lead to improved corporate performance. For example, it will be used as an incentive for business improvement proposals, health promotion programs, and skill acquisition, contributing to the creation of a pleasant working environment. The "internal currency" will also be effective in community and social contribution activities. By expanding the places where it can be used to local stores…