Project description
Our solution
Blockchain platform
The core of the solution is a private EVM-based blockchain deployed on AWS. Built for internal use, this centralized platform is managed by Vention as the sole regulator. Its key components include:
- The blockchain: a secure host for all operations;
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Custom tokens: used as the internal payment method;
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Smart contracts: automate token transfers and ensure seamless transactions.
Since the project was funded by Vention, a centralized blockchain model was the most efficient approach.
Rewards page
The rewards page, integrated into Vention’s internal profile system, is where employees can view their achievements, such as trophies for reaching milestones or receiving peer recognition.
By connecting a Metamask wallet and adding a Vention custom token, employees gain access to additional benefits:
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Earn tokens for specific achievements, including monetary rewards;
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Use tokens to purchase unique merch and profile cosmetics in an internal store or transfer them to colleagues as a gesture of appreciation.
Rewards store
From the rewards page, employees can navigate to the rewards store to exchange tokens for custom-designed merch or profile cosmetics. Key features include:
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Easy navigation: Items are grouped into categories like clothing, office goods, and digital perks;
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Search functionality: Employees can quickly locate specific items;
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Purchase history: Users can track their spending and past transactions.
The process of exchanging tokens is fully automated:
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Employees select an item and click “Buy.”
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Smart contracts send a transaction request to Metamask for approval.
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Once tokens are transferred to Vention’s wallet, the system either fulfills a digital order or places a backend request for physical items.
Tokenomics
A key aspect of developing the custom token was ensuring a balanced pricing model to prevent potential misuse. The steps included:
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Setting fiat prices for all store items.
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Pegging the token value to the cost of the least expensive item.
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Adjusting token pricing to align closely with fiat values for consistency.
This model ensured a fair and intuitive system for employees using tokens to make purchases.
Key stats
months to develop an MVP
Vention team members
A fully functional blockchain system integrated into business and HR processes
Results
Tools & technologies
