Beauregard a Sud Uncategorized Transform Your Workforce with Employee Training Programs

Transform Your Workforce with Employee Training Programs

Comprehensive Employee Training Programs

Comprehensive training is a compilation of different curriculums that each has other classes.

For example, comprehensive basic training for all employees may include DEI curriculum, data privacy and security, and more. In addition, DEI will have many topics, such as bystander training for anti-sexual harassment measures, handling generation gaps among other employees, etc.

Customization of training modules (based on specific job requirements) allows employees to receive targeted and relevant instruction that directly impacts their performance. In addition, it can incorporate both online and offline training methods for diverse learning preferences.

Regular evaluation of training programs enables companies to assess their effectiveness and make necessary improvements. By doing so, they ultimately drive enhanced employee performance and productivity.

Comprehensive training programs are vital for their and the company’s growth. Employees develop skills when an organization invests in their learning. Furthermore, the organization adapts faster to market changes when its employees have emerging skills that satisfy new market demands.

How Employee Training Programs Benefits Employees

About 76% of employees value training and believe it is essential to create quality work. They are likelier to stay with a company if it offers continuous training and development.

  • Employee training programs are excellent for their personal development.
    Did you know that employee mental stress is decreased by 30% when a company gives resilience training? This is because employee training programs provide learning opportunities to use better coping mechanisms.
  • Employee training programs improve their careers.
    By providing training programs, employees can improve their work performance by acquiring new skills. With new skills, they can take on more responsibilities. Increasing employee value increases the organization’s value and becomes a competitive advantage.
  • Employee training programs improve employee satisfaction.
    Training programs improve employees’ confidence in their skills. Their sense of purpose also becomes clearer when career advancement exists inside the company. These programs give employees the significance of their position in the company, giving them motivation and a sense of belonging.

How Employee Training Programs Benefits Organizations

According to 86% of HR managers, training improves productivity and retention, while 85% believe it significantly affects organizational growth. In addition, eight out of 10 HR professionals believe that training attracts talent too.

  • Employee training programs improve company performance.
    As mentioned, highly skilled employees have higher job satisfaction, focus, and motivation. They are also less likely to cause mistakes and require less supervision. Therefore, an organization consistently gives out better products and services.
  • Employee training programs cause a lesser turnover rate.
    Since training improves employee satisfaction, employees are more likely to stay. Did you know 94% of employees would be more convinced to stay if the company had training and development? If the employees flourish, so does the organization.
  • Employee training programs inspire a better organizational reputation.
    An organization that invests in DEI training, anti-sexual harassment training, and sensitivity training cultivates a safer and more positive workplace.

It improves team dynamics and encourages better communication. It will also attract more talent if the organization has a reputation for investing in its employees.

 

Empower Your Workforce with Internal Training

Internal training programs empower the workforce. According to LinkedIn Learning, 68% prefer to learn on the job. In addition, it fosters employee development, showing that 38% of employees expect relevant training opportunities.

While some training methods can be invested from training companies (such as sensitivity training made by experts), tailored programs designed with the company in mind help align employees to organizational goals.

Typically, employees learn 70% of their skills on the job, 20% from their colleagues, and 10% through formal training. But with internal training, knowledge-sharing and skills transfer are encouraged. It also promotes collaboration and teamwork.

Engaging employees through internal training fosters a sense of ownership and commitment. It increases employee engagement and retention. Organizations can create a thriving and resilient workforce poised for success by providing growth opportunities through internal training.

 

Driving Growth through Effective Training Methods

Driving growth within an organization is closely tied to effective training methods and strategies. By leveraging these approaches, companies can optimize the learning experience and impact on employee development.

Did you know that 36% of major organizations use classroom-led training? Meanwhile, on-the-job training, coaching, and job shadowing are the most common methods to reskill employees.

However, a study found that 70% of employees prefer online and self-paced courses. Meanwhile, 63% prefer instructor-led training.

Here are some effective training methods and strategies to date:

  • On-the-Job Training
    Most hands-on training involves observing senior colleagues and doing the work under the supervision and instructions of a training manager. The purpose of OJT is to prepare you for your job until you no longer need supervision from the manager.
  • Interactive Training
    Interactive training consists of an interactive movie where the employee interacts by choosing the decisions made by the main character. It is like a choose-your-own-adventure video game. This training method is often used for sensitivity training. Employees can directly apply their newly acquired skills and competencies in their daily work by ensuring the relevance of training content to real-world scenarios.
  • Case Study
    Having employees create case studies boost learner motivation and a sense of ownership. By having their methods and their results recorded, learning is more solidified.
  • Job Shadowing
    Job shadowing inspires engagement and motivation. It shows employees what their responsibilities would be upon advancing in their careers. As a result, employees are more actively engaged and retain knowledge by being given a chance to be more hands-on with their next career advancement.
  • Job Rotation
    Job rotation keeps employees engaged, especially those who thrive on the challenge and excitement of “newness.” It also pushes employees out of their comfort zones.
  • Weakly Coaching or Mentoring Sessions
    Employees get feedback on their performance from a coach and discuss how to achieve their career goals. In addition, coaching helps employees feel valued with the support of an experienced coach.

Continuous improvement of training programs, driven by participant feedback, enables organizations to adapt to evolving needs. As observed by a study, 92% of employees are more engaged if the training programs are well-planned. Companies can propel growth and cultivate a highly skilled and motivated workforce through effective training methods, real-world application, and continuous improvement.

 

Enhance the Onboarding Process with Targeted Training

According to 2023 statistics, companies are twice as likely to lose new hires with mediocre onboarding procedures and little to no interest in training them.

Therefore, enhancing the onboarding process with targeted training is a strategic approach. It yields numerous benefits for both employees and organizations.

For employees, their engagement increases. Their skills are added, and they gain more confidence in their job because of the best practices introduced by the company. In addition, by understanding company expectations and culture, they perform better.

For organizations, they ensure a seamless and effective integration of new hires into their roles. New hires can acclimate and embrace the organization’s core principles by imparting knowledge about company values and culture. After that, employee performance assessment and retention rates can measure the success of targeted training in onboarding programs. By investing in tailored training in onboarding, organizations set the stage for long-term success, fostering employee engagement and commitment from their first day with the company.

 

Nurture Employee Development Programs for Success

Nurturing employee development programs is crucial to fostering organizational success. However, 26% of companies state that their leaders don’t support employee training. Contrary to leadership choices, 55% of employees want more improvement opportunities.

Companies offering comprehensive employee development programs encourage success and valuable growth opportunities for their workforce. For example, according to LinkedIn Learning, 54% of employees would invest time studying if they were recommended specific courses that would assist them in achieving their work objectives.

Such programs could be mentorship programs, where experienced professionals provide invaluable guidance and support. The impact of these employee development programs can be measured through various metrics, such as improved job performance and increased employee satisfaction.

Ultimately, these programs pave the way for career advancement, allowing employees to reach their full potential and contribute to the organization’s success. As stated in PRNewswire, 34% of employees who quit their previous jobs are more attracted to opportunities with a greater chance of professional advancement.

By investing in nurturing employee development programs, companies create a culture that values continuous learning, professional growth, and long-term success.

 

Boost Sales Performance through Tailored Sales Training

Organizations can leverage the power of tailored sales training programs to boost sales performance. These programs are specifically designed to enhance the capabilities of sales teams and drive better results. According to Task Drive, companies are 57% more effective in sales than their competitors after investing in training.

By providing targeted sales training, companies can effectively enhance performance by equipping sales professionals with the necessary skills, knowledge, and strategies. Individually, sales employees increase their performance by 20% on average with sales training.

Customization plays a vital role in addressing each salesperson’s unique needs and challenges, enabling them to maximize their potential. Therefore, sales training covers various aspects, including sales techniques, strategies, and practical approaches to improve conversion rates.

Furthermore, it emphasizes developing a deep product knowledge to communicate value to customers effectively. Sales skills are honed through continuous training, allowing sales professionals to adapt and thrive in dynamic market trends. Continuous training increases each sales employee’s net sales by 50%. Continuous training is vital because most sales employees forget 84% of their training in three months.

By investing in tailored sales training, organizations empower their sales teams to achieve exceptional performance and succeed in today’s competitive business landscape.

 

Unlock the Potential of Blended Learning

Of the employees surveyed, 70% prefer online or self-paced courses. 63% prefer online instructor-led training, while another 63% would rather have in-person training. 62% choose hybrid learning opportunities.

Hybrid or blended learning is the combination of in-person training and online learning. For example, in-person training can be through video calls for safety.

In-person training inspires an active exchange of ideas and good retention. There is also a faster response to inquiries, and employees can receive instant feedback. In-person training suits jobs requiring manual labor because it promotes faster learning.

Online learning, however, is more cost-effective. Because it is self-paced, it has higher completion rates and the convenience of re-access materials.

By blending in-person training and online learning, you get retention from social interaction and the convenience of learning at one’s pace.

 

Technical Training for Skill Enhancement

Technical training is vital in skill enhancement, particularly in industries requiring specialized knowledge and expertise. Individuals can acquire industry-specific skills and certifications through technical training programs for career advancement.

These programs often emphasize hands-on training, allowing participants to apply theoretical knowledge to real-world scenarios. The practical application enhances the understanding and mastery of technical concepts. This application gives employees the necessary skills to tackle complex challenges in their respective fields.

Moreover, continuous technical training keeps professionals abreast of the latest technological advancements. Technical training keeps them updated and adaptable in a rapidly evolving landscape. Individuals and organizations can then stay competitive.

 

Investing in Mentorship for Professional Growth

Investing in mentorship is a powerful strategy for fostering professional growth and development. Employees who become mentors have a 50% higher retention rate. It also benefits the mentees, as 93% believe that the mentoring they have received is useful.

Mentorship programs provide individuals with the guidance, support, and wisdom of experienced professionals in their respective fields. By engaging in mentorship, individuals can receive personalized knowledge transfer and avoid mistakes by learning from the experiences of their mentors. As a result, 91% of employees who received mentorship experience improved competence in one or more job responsibilities. They also gain valuable insights into accelerating their career development.

Moreover, mentorship creates an organization’s supportive and nurturing culture, empowering individuals to take risks, explore new opportunities, and reach their full potential. The mentorship culture encourages open communication, collaboration, and the exchange of ideas, fostering an environment of continuous learning.

 

How to Tailor Comprehensive Employee Training Programs with data analytics

To have effective employees training programs, the organization must know what skills their employees need to grow and anticipate them against the changing market trends. This is possible through data analytics tools that contain internal and external data.

As an example, Rhetorik ProfileFinder is a global professional profile database that has 800+ million professional profiles, including your employees. The global data is ethically sourced and GDPR-compliant. All profiles are refreshed weekly to keep your data up-to-date.

The database is powered by Rhetorik Occupational Model. The ROC is an AI model that classifies, translates, and normalizes the Rhetorik job titles database composed of 235M raw job titles. It provides 199M clean and normalized job titles. The ROC normalizes and classifies jobs from 46 different languages automatically in 164 countries. Moreover, the ROC Rhetorik language identification model surpasses by 5% other commercial and open solutions meaning more language detects and more precisely. The Rhetorik Job seniority model has an incredible 97% accuracy on unseen job titles.

For example, it’s very common for databases, especially those in CRM systems, to contain records that have different data formats. Let’s look at titles, for example. One record may say “Sr. Engineer”, while others may contain alternative titles – such as “Sr Engineer” (no period), “Senior Engineer”, or “Senoir Engineer” (typo intended). Normalizing the data cleans this up for future processing – such as using “Senior Engineer” consistently in the examples above.

The ROC does the Job title translation and normalization automatically through the entire Rhetorik database. It brings several advantages to your training program:

  1. Consistency: Translating and normalizing job titles across different languages and regions ensures consistency in job descriptions and qualifications. This helps HR professionals understand and compare roles accurately, regardless of cultural or linguistic differences.
  2. Global Talent Management: With a standardized approach to job titles, HR training programs can facilitate global talent management. It becomes easier to identify skill sets, experience, and qualifications required for specific positions, enabling better recruitment, career development, and succession planning strategies.
  3. Market Insights: By translating and normalizing job titles, HR professionals gain valuable insights into the job market globally. They can analyze trends, salary ranges, and skill demands across different regions, helping organizations make informed decisions about talent acquisition and market positioning.
  4. Training and Development Alignment: Standardized job titles facilitate the alignment of training and development programs with specific roles. HR training programs can be designed to address the skills and competencies required for each job title, ensuring that employees receive relevant and targeted training to excel in their respective positions.
  5. Career Pathing and Mobility: When job titles are translated and normalized, it becomes easier to establish clear career paths within an organization. Employees can understand the progression from one role to another and the skills they need to develop for advancement. This promotes employee engagement, retention, and internal mobility.

Also, Rhetorik skills extraction model, embedded in ProfileFinder, lets you see your employee skill needs in bulk. It’s an AI-powered extraction of 32,000 soft and hard skills extracted and inferred from public professional profiles. There’s a lot of benefits to use skills extraction model into your training programs like:

  1. Automated Skill Identification: Skill extraction models use natural language processing and machine learning techniques to automatically identify and extract skills mentioned in resumes, job descriptions, or other textual sources. This automation saves time and effort for HR professionals by eliminating the manual process of skill identification.
  2. Improved Candidate Screening: By leveraging skill extraction models, HR training programs can enhance the candidate screening process. These models can analyze resumes or applicant profiles and extract relevant skills, enabling HR professionals to quickly assess a candidate’s qualifications and match them with job requirements. This helps streamline the recruitment process and identify the most suitable candidates efficiently.
  3. Enhanced Talent Management: Skill extraction models assist in effective talent management. HR training programs can utilize these models to analyze skills present in the organization’s workforce, identify skill gaps, and develop targeted training and development initiatives. This helps organizations align their talent strategy with business goals, identify high-potential employees, and support career growth.
  4. Personalized Learning and Development: Skill extraction models enable personalized learning and development opportunities for employees. By understanding the skills possessed by individuals, HR training programs can recommend training modules, courses, or resources tailored to specific skill gaps. This personalized approach promotes employee engagement, maximizes the impact of training programs, and fosters continuous learning.

Conclusion: Employee Training Programs and the Need for Data Analytics

While some training programs can be externally sourced, your organization will still need training programs tailored to company goals. The sections above show effective training methods and programs your organization may need. However, data collection and analytics will inform you about where your employees are in skill and how they can advance their careers and the organization’s growth. ProfileFinder, the Rhetorik global professional profiles firehose powered by AI, can boost your analytics capabilities and develop training programs tailored to the specific needs of your organization.

Get your personalized demo today!

Learn how your personalized ProfileFinder demo can show you how we can can evolve your employee training programs.

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Billabunny is definitely a full service internal production agency concentrated on cinema and television content throughout all platforms that focuses to supply quality stories that influence us all.Billabunny is definitely a full service internal production agency concentrated on cinema and television content throughout all platforms that focuses to supply quality stories that influence us all.

When did movies ended up being so violent? Extreme blood and gore. Needless showing of skin. Anything offensive, repulsive, and filled with brutality just to keep eyeballs on the screen.

However movies weren’t always in this manner. Not too long ago, we took a seat with the entire household and a bowl of popcorn for motion picture night. Everybody in the house anticipated it. Feature films drew us into a communal experience, which implied sharing a laugh, a motivation, and maybe even a tearful minute with those around you.

Here at -, an independent motion picture production business with a ridiculous name, we keep in mind delighting in movies together with the household. How seeing movie with your kids implied engaging with them in a heartfelt or humorous discussion. (Hey, they may even ask you a question, if you’re lucky!) It likewise implied discovering what really occurred at school when no grownups were around. (“Yes, mom, kids really do act that way.”) Getting lost in the big screen implied sharing time together, something that became more evasive with each passing year.

Today, households do not view programs together much anymore, and that burns us out. Everybody, mom and dad consisted of, has their own mini screen to view whatever they desire on. And while we won’t tell you to put away your phone (hey, you most likely have it in your hand right now) we will tell you how much we miss the precious time together that household films as soon as allowed.

And do you understand what? We wager you miss it, too. We listen to the chatter and rumblings of those around us and on social media. It seems that nearly everyone has actually grown weary of shock value in movies for shock value’s sake. Similar to you, we scroll through unlimited titles on video streaming services and lament that there’s nothing to view with the kids.

That’s why we created -, a full-service, movie-making business. Headquartered in Reno, Nevada, produces feature films that entertain, delight, and motivate without the brutality, sex, and general offensiveness you discover in today’s flicks. We deliver dramas and comedies that everyone under your roofing system can enjoy together on the big screen. Our story-driven pictures intend to get your heart pumping, make you feel inspired, and maybe even put a lump in your throat. Think household classics along the lines of Rudy, Karate Kid, and Home Alone.

However do not fret, director and author, Jonathan Moch, and manufacturer and star, Kate Barnett, bring more to than aspirations and ambitions. Though they recently formed Billabunny, the two have remained in the movie-making industry considering that 2011. From feature films to shorts, Jonathan and Kate have more than a lots titles and credits to their name along with more than a few acknowledgments. They likewise own and manage Good Knight Pictures, a business and home entertainment production business.

What are they working on now? Billabunny’s first full-length feature film, Playing the Crease, informs the story of a not likely relationship that develops versus the background these days’s high school experience. In facing life’s setbacks, hockey goalie, David, and recovering stroke victim, Miss Schafer, find that what they require to get rid of these obstacles can be found in the most unlikely of places.

Offer us a ring at 303-578-6079 to find out more about Billabunny’s films, productions, and what story ideas we have in the works. Or hey, tell us what you consider bringing household movies back. Great concept? Let us understand.

Discover the Benefits of Fiberglass Pools For Your HomeDiscover the Benefits of Fiberglass Pools For Your Home

Are you dreaming of a backyard oasis that not only looks stunning but also stands the test of time? Look no further than fiberglass pools. As the top choice for discerning homeowners, fiberglass pools offer unmatched benefits that make them the ideal addition to any home. In this comprehensive Guide, we’ll explore the Fiberglass Pools Benefits that make these pools a must-have for anyone looking to elevate their outdoor living experience. To make the most of your backyard investment, - about the different pool options available.

Why Choose Fiberglass Pools? Unmatched Durability and Longevity

When it comes to investing in a pool, durability is key. Fiberglass pools Benefits are unparalleled in this regard, offering a long-lasting solution that keeps your pool in pristine condition for years.

1. Rock-Solid Structure

Fiberglass pools are constructed from high-grade fiberglass materials, ensuring that your pool is incredibly resilient. Unlike traditional concrete pools, fiberglass pools are resistant to cracking, even under extreme weather conditions. This means fewer repairs and more time enjoying your pool.

2. Decades-Long Lifespan

One of the most significant Fiberglass Pools Benefits is their longevity. With proper maintenance, your fiberglass pool can last for several decades, making it a wise investment that pays off in the long run. Say goodbye to the constant upkeep and repairs associated with other types of pools.

Effortless Elegance: Minimal Maintenance, Maximum Enjoyment

Who wants to spend their weekends cleaning and maintaining a pool? Fiberglass Pools Benefits shine in this area, offering a low-maintenance solution that lets you focus on what matters most—enjoying your pool.

1. Smooth, Algae-Resistant Surface

The non-porous, smooth surface of fiberglass pools is a game-changer. It prevents algae from taking hold, reducing the need for constant scrubbing and cleaning. This not only saves you time but also keeps your pool looking immaculate.

2. Reduced Chemical Usage

Another of the many Fiberglass Pools Benefits is the reduced need for chemicals. Thanks to the smooth finish, fiberglass pools require fewer chemicals to maintain balanced water chemistry. This not only makes your pool safer for swimmers but also reduces your environmental impact.

Quick and Painless Installation: Dive In Sooner

Imagine this: You decide to install a pool, and within a week, you’re already enjoying it. Sounds like a dream, right? With Fiberglass Pools Benefits, this dream becomes a reality.

1. Pre-Manufactured Convenience

Fiberglass pools come pre-manufactured, meaning the shell is built off-site and delivered to your home. This significantly cuts down on installation time compared to concrete pools, which can take months to complete.

2. Ready in Days, Not Months

The speed of installation is one of the standout Fiberglass Pools Benefits. In most cases, a fiberglass pool can be installed and ready for use within just a few days. This quick turnaround allows you to start enjoying your new pool much sooner than you would with other types of pools.

Tailor-Made Luxury: Design Versatility and Customization

Your backyard is an extension of your home, and it should reflect your style. Fiberglass Pools Benefits include a wide range of design options that allow you to create a pool that perfectly complements your outdoor space.

1. Diverse Shapes and Sizes

Fiberglass pools are available in a variety of shapes and sizes, from Classic rectangles to freeform designs. This versatility ensures that there is a perfect fit for every backyard, regardless of size or layout.

2. Customizable Features

Even though fiberglass pools come in pre-designed shapes, there are still plenty of opportunities to customize. Add water features, LED lighting, or even a spa to create a truly unique and luxurious backyard oasis.

Comfort and Safety: A Pool the Whole Family Will Love

When it comes to safety and comfort, Fiberglass Pools Benefits deliver on all fronts, making them an ideal choice for families. For homeowners considering a pool, - to ensure you’re making an informed decision.

1. Gentle on the Skin

The smooth, gel-coated surface of fiberglass pools is gentle on the skin, preventing scratches and abrasions. This makes the pool safe and comfortable for swimmers of all ages, from toddlers to grandparents.

2. Built-In Safety Features

Many fiberglass pools come with built-in safety features, such as non-slip steps and benches. These features provide safe entry and exit points, giving you peace of mind while your family enjoys the pool.

Cost-Effectiveness: A Smart Investment

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1. Lower Maintenance Costs

Because fiberglass pools require less cleaning and fewer chemicals, you’ll save money on maintenance over the years. These savings can add up significantly, making fiberglass pools a cost-effective option.

2. Energy Efficiency

Fiberglass pools are more energy-efficient than their concrete counterparts, retaining heat better and reducing your heating costs. This efficiency also extends your swimming season, allowing you to enjoy your pool for more months of the year.

Environmental Stewardship: Eco-Friendly Pool Ownership

If you’re environmentally conscious, Fiberglass Pools Benefits align perfectly with your values. If you’re curious about the benefits of fiberglass pools, - to dive deeper into the details.

1. Reduced Chemical Footprint

The lower chemical requirements of fiberglass pools mean that you’re contributing less to environmental pollution. This is a significant Fiberglass Pools Benefits for eco-conscious homeowners.

2. Energy Savings

By retaining heat more efficiently, fiberglass pools reduce the energy needed to keep the water warm. This not only saves you money but also reduces your carbon footprint, making fiberglass pools a green choice for your backyard.

FAQs About Fiberglass Pools

Q1: How long does it take to install a fiberglass pool?
A1: Typically, fiberglass pools can be installed in just 3-7 days, making them one of the fastest pool installation options available.

Q2: What maintenance is required for a fiberglass pool?
A2: Regular cleaning, balanced water chemistry, and occasional inspections are usually sufficient to keep a fiberglass pool in top condition.

Q3: Can fiberglass pools be customized?
A3: Yes, while the basic shapes are pre-designed, you can add features like water fountains, LED lighting, and spas to customize your pool.

Q4: Are fiberglass pools safe for children?
A4: Absolutely. Many models include built-in safety features such as steps and benches, making them safe for families.

Q5: How does a fiberglass pool compare in cost to other types of pools?
A5: While the initial cost may be higher, the long-term savings on maintenance and energy make fiberglass pools a cost-effective choice.

In conclusion, the Fiberglass Pools Benefits are extensive, from durability and low maintenance to quick installation and cost-effectiveness. These pools offer a practical, beautiful, and eco-friendly solution for homeowners looking to enhance their outdoor living space. When planning your dream backyard, it’s essential to - before making any commitments.

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Although cryptocurrency is still considered an investment, it is rapidly becoming a legitimate currency. Many large retailers and companies accept cryptocurrency payments, including Whole Foods and Nordstrom. You can also use cryptocurrency to pay for goods or services, including art. It is also decentralized, so many ICOs are actively promoting their services on social media. These schemes can be dangerous as they exploit people’s fear of missing the opportunity.

While there are a number of different cryptocurrencies on the market today, only a few have all of the qualities of a good cryptocurrency. It is important to search for the one that offers the best features. Privacy is one of the top reasons for investing in crypto. This is especially true for those who are interested in privacy. It can make all the difference between success or failure. Cryto is a great choice if you are looking for a secure and safe investment.

You can also invest in stocks or ETFs that are created using blockchain technology. The best option for you will depend on your investment goals. You need to protect your crypto with a crypto wallet in order to avoid losing it. These can be either online software or physical devices. Some exchanges offer wallet services but not all. You should check the website before depositing your money, as some platforms charge fees. In addition, you should be aware of the fees and risks of each type of transaction.

Cryptocurrencies are digital assets that are decentralized. Their primary function is to ensure the security of information and communications. These assets use peer-to-peer network and public-key cryptography to maintain their databases. Blockchain is a distributed database that stores all transactions that have been verified by a network computer. The network is then rewarded by miners with the cryptocurrency that they generate. This currency is still relatively new and innovative. However, very few merchants accept it.