DALLAS, Sept. 13, 2018 /PRNewswire/ -- Preciate, a new recognition app dedicated to helping professionals build relational wealth, has launched on the App Store. Relational wealth is the sum total of the true value of one's relationships, measured in depth and durability rather than quantity. Preciate enables users to build relational wealth by creating a real-time story of their professional accomplishments through positive recognition from their business peers and partners.
Users connect with each other on the Preciate mobile app, exchanging in-the-moment recognition and contextual feedback. These recognitions and feedback are public and can be validated by others in the users' network. Most importantly, Preciate users retain complete ownership of their data and can take it with them even if they leave the app, ensuring they have a portable record of their accomplishments that is forever theirs to showcase.
Preciate was founded by Ed Stevens, a seasoned e-commerce entrepreneur, executive, and board director, and Dave Morrison, a senior finance and operations executive who has led companies in the SaaS, e-commerce, professional services, healthcare, and logistics industries. They founded Preciate with the conviction that the cycle of giving and receiving recognition is central to strong human relationships.
"We founded Preciate to give people credible, portable, and enduring examples of career accomplishment, leadership, teamwork, and shared values," said Stevens, Founder and CEO of Preciate. "According to our research, 81 percent of workers wish their existing professional connections were stronger. Whereas older career development tools reduce a person to a collection of static resume fields, canned status updates, and formulaic recommendations, Preciate's vision is to embrace the whole person and their relationships, in all their complexity, and to share that complexity in a way that builds relational wealth."
The Preciate app enables users to recognize each other through a series of fun and visually striking Badges, such as "Going the Distance" and "Having My Back." Along with giving a Badge, users have the option to add contextual feedback highlighting the nature of the recipient's accomplishment. Over time, Badge recipients attain various levels of Achievements that are unique to each Badge. For example, recipients of the "Guiding the Way" Badge can attain the Achievement levels of "Mentor," "Sensei," and "Guru." As the platform grows, Preciate will add new Badges and Achievements to constantly elevate the app experience.
Professionals are choosing Preciate as an engaging alternative to corporate recognition software. Said Shabbie Daneshgar, a healthcare analyst at Huron Consulting Group in Chicago: "I was working on a new project, and I wanted a way to recognize people on the team. A co-worker encouraged me to try Preciate as a way to remove the anonymity from our previous recognition process. I thought it was important for the team to see who was recognizing them, and why, so I liked that Preciate made that possible."
Daneshgar highlighted how public validation and positive feedback can transform a team: "I also liked the idea that you can validate someone's recognition and see a record of positive feedback on someone's profile. I'm a fan of Preciate because I know from previous experiences that recognition can completely change the culture in a work situation. Preciate focuses on positivity and it's a great way to connect with your team."
Reality, Not a Resume
To give users a completely portable record of their professional accomplishments, Preciate is developing a new blockchain-based protocol called the Goodwill Composite Protocol. Also known as the GC Protocol, it is the world's first recognition protocol and it is designed specifically to power the Preciate experience. With the GC Protocol as the foundation, Preciate users -- not their employers -- are in complete control of their professional record. They can take their data with them wherever they go and verify its authenticity. Preciate firmly believes that a portable record of achievements should be yours to keep forever, not held captive by any company.
In addition to offering users proof of publication, non-repudiation, and immutability, Preciate will enable developers to build their own applications on the GC Protocol. Developers will be able to invest and build their own businesses on top of the Preciate platform with the confidence that the GC Protocol will remain affordable and open to them.
Preciate views the GC Protocol as the first step in a future where relational wealth -- built on the simple, ongoing exchange of positive recognition in real time -- becomes the new benchmark for trusted value.