- CZ asserts he plans to use Ray Dalio’s rapid scoring algorithm in Binance.
- Ray Dalio, the founder of Bridgewater Associates, developed the DOTS rating system.
- CZ believes adopting DOTS will benefit the firm.
CZ, the CEO of Binance, announced his plans to implement Ray Dalio’s instant scoring mechanism DOTS in the company.
According to recent claims, DOTS, which stands for “Distributed Objectives and Key Results,” is a scoring method devised by Ray Dalio, the founder of Bridgewater Associates. The process is intended to offer employees an immediate, objective assessment of their performance based on more than 100 factors.
Further, the scores are calculated using iPad software in which employees rank each other on a scale of 1 to 10.
Based on CZ’s acclamations, the DOTS system’s implementation is consistent with “radical truth” and “radical transparency.” The software will provide real-time evaluations of coworkers, encouraging an environment of honest criticism and constant development.
By providing employees with a clear understanding of their strengths and weaknesses, the DOTS system also fosters better collaboration and communication within the company.
CZ is confident that adopting the DOTS system will benefit the company. He believes the rapid scoring process will encourage a more objective appraisal of employee performance, openness, and cooperation.
Additionally, the new approach gives an unbiased assessment of employees’ performance, enabling them to learn and grow personally and professionally. With the adoption of DOTS, Binance employees will provide and take constructive feedback, fostering innovation and growth.
On the other hand, DOTS adoption is part of Binance’s more extensive efforts to create an open and transparent workplace. The firm is well-known for its dedication to innovation and embracing new technology and techniques to improve its operations.
DOTS implementation is considered a significant step forward in Binance’s drive to establish a workplace where people feel supported, respected, and empowered to reach their full potential.
