Coinbase is reportedly testing out having employees rate each other in an app with a thumbs up or thumbs down after meetings and other interactions

As part of an app-based pilot program, employees are being asked to rate each other.

According to The Information, the company has been piloting an app that collects employees' evaluations of their colleagues, including their managers, after meetings and other interactions.

According to The Information, the app was invented by Ray Dalio's hedge fund, and has been in use by the HR and IT teams at Coinbase since the first quarter of this year.

In the app, employees review how well their coworkers demonstrate 10 core values, including things like communication and positive energy. They can give feedback in the form of a thumbs up, thumbs down, or neutral review.

According to The Information, a person familiar with the pilot said that staffers at the company can only see the ratings they receive.

A request for comment was not immediately responded to.

There is a similar employee rating system in place. In a TED conference in 2017, Dalio explained how all of the firm's employees had company-issued iPads with an app called Dots where they rated each other in real-time on more than 100 attributes on a scale of 1 to 10.

"My objective has been to have meaningful work and meaningful relationships with the people I work with, and I have learned that I couldn't have that unless I had that radical transparency and that algorithmic decision-making."