Coinbase launches internal innovation program, providing 10% of resources to employees to show support

Coinbase is devoting 10% of its resources to supporting innovative ideas within the company. Coinbase said the project is in line with its philosophy that "70% of time should be spent on core work, 20% on strategic bets, and 10% on innovative experiments." The project was launched internally, requiring Coinbase employees to complete a two-page report on their innovative ideas and then hold a pitch event once a year. Projects are considered "disruptive innovations" because of their potential impact on the underlying business. Employees will have two days each year to present their ideas. Selected employee ideas will be evaluated quarterly, and some will be eliminated. "Our most successful products today started out as disruptive bets," Coinbase said in a blog post.