PagerDuty has announced its entry into the blockchain arena with the launch of PagerCoin, an innovative token tailored for incident responders. Designed for global use by both experts and non-experts involved in outages, PagerCoin aims to revolutionize on-call shift swapping by decentralizing incentives and eliminating traditional fiat constraints. Unlike other digital currencies, PagerCoin introduces a novel proof-of-ack algorithm, combining elements of proof-of-work and proof-of-stake, with future tokens mined through manual acknowledgment of incidents. Initially, only accredited investors can engage with incidents, and the token boasts an impressive market cap, purportedly reaching 5.7 trillion dollars. Backed by various fiat goods, such as promotional merchandise and novelty items, PagerCoin is hailed as a significant advancement in operational efficiency for organizations, with endorsements from key figures like PagerDuty CTO Alex Solomon.