Time-Based Cryptocurrency: Utopia or Uber-like Labour Market Game Changer?
Chronobank.io, an Australian short-term work platform, is working on developing a Blockchain-based financial system for freelancers or contractors to obtain work and pay them in Chronobank’s own “labour-hour” token. They aim to disrupt the HR, finance and recruitment industries with their upcoming platform. The startup has compared its platform to a mixture between Uber’s taxi contracts and Upwork’s freelancing platform. Using Blockchain technology, its team will be creating a website where people can find work and get paid with an alternative financial system that can transact Labour-Hour....
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The time-based cryptocurrency project will launch tokens on the popular NEM blockchain, as well as creating a dedicated ChronoNEM app. ChronoBank, an ambitious blockchain project that takes aim at the inefficient recruitment sector, is partnering with the versatile NEM cryptocurrency platform to create a separate wallet for the NEM ecosystem. ChronoBank will also issue Labour Hour (LH) tokens on the NEM network and use on-chain multi-sig, one of NEM’s flagship security features. NEM (New Economy Movement) was originally conceived as a clone of the well-known Nxt blockchain, but rapidly....
The time-based cryptocurrency project has partnered with a well-known blockchain trading company to provide fast and user-friendly exchange services. ChronoBank, a blockchain-based initiative aimed at disrupting the short-term recruitment sector, has announced a partnership with mobile wallet and trading enterprise Lykke – allowing users to trade ChronoBank’s tokens for other currencies frictionlessly. ChronoBank, which is currently holding its crowdfund, has so far raised over 3,000 BTC for marketing and development. It will connect employers with those seeking work, disintermediating the....
ChronoBank is an Australian Cryptocurrency startup founded by Edway Group Limited along with a bunch of cryptocurrency and chrono- currency experts. Time is a valuable commodity, and who other than man-hour labor can understand it. The hardworking lot, which covers everybody from construction workers to software professional, is often get paid with time-based currencies. Time-based currencies and time banking are alternative currency and exchange system where the units of currency are time units and each time unit as a certain value associated with it. Time banking has been around for over....
As a result of the recent cryptocurrency market explosion, crypto enthusiasts are thinking about the potential long-term growth of cryptocurrencies and which are worth investing in. Solanax is an automated market maker (AMM) based on the Solana blockchain, which is set to be a game-changer in the cryptocurrency world. If you haven’t yet gotten your […]
Taxi companies may have a leg up over Uber when it comes to accepting Bitcoin payments. Various cab companies do so already, in an effort to regain their top position in the market. Bitcoin users would like nothing more than to pay popular mainstream services with cryptocurrency. Uber is one of the top companies that should accept bitcoin in the future, even though they are not inclined to do so. For now, an intermediate solution is available. eGifter announced they are now selling Uber gift cards for usage in the United States. On paper, it would make a lot of sense if Uber started....