Gowling WLG Launches New Blockchain Education and Reward Initiative

07/15/2018

As one of the world's leading blockchain legal practices, Gowling WLG has gone one step further and applied its expertise in the technology to its own business by launching its 'Gowling WLG Reward Token' (GRT) scheme. The initiative seeks to educate employees about how blockchain technology works, while simultaneously allowing them to earn and share rewards for their efforts.

Open to all UK-based Gowling WLG people, it encourages individuals to set up a GRT wallet by following a simple guide, register for the scheme, and then start gifting tokens. No money changes hands but GRTs are gifted anonymously between employees using an open-source blockchain platform. These rewards can then be exchanged for a free drink in the firm's London and Birmingham-based restaurants, or re-gifted to other colleagues.

The processes are carried out via a mobile phone app (GRT app) which creates a digital wallet to hold each person's tokens. Everyone who registers automatically receives 2 GRTs, which will purchase two hot drinks, and a transfer amount for redeeming/gifting tokens.

Corporate partner and co-chair of Gowling WLG's Tech group, David Brennan, said: "The volume around blockchain could not be louder, but it is important that anyone contributing to this adds value. As home to a market-leading blockchain team, we're using this opportunity to marry education with rewards, provide grass roots awareness of the blockchain application and ensure that all of our employees understand the technology. They are not only ambassadors for Gowling WLG's blockchain-focused efforts, but also future consumers of the technology in their personal lives."

Gowling WLG recently launched a report discussing the disruptive power of blockchain technology within the financial services sector. The paper included insight from experts at the firm, as well as NEX Exchange, Blockchain Hub and BTL Group. Download a copy of the report.