A Revolutionary Concept in the Short Term Recruitment Sector
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....
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ChronoBank.io is an ambitious and wide-ranging blockchain project aimed to revolutionize the short-term recruitment sector. It strives to disrupt the HR/recruitment/finance industries in a way similar to that of Uber in taxi business and UpWork in freelancing. The project has Edway Group Ltd, a leading Australian industrial training and labor supply company as one of its founders. ChronoBank is an evolution of timebanking. Timebanking is a well-established idea that allows participants to swap an hour of work for a time credit, which can then be used to buy labour or other facilities from....
ChronoBank, the time-based cryptocurrency platform for short-term recruitment now has a new website as it kickstarts awareness drive before the upcoming ICO. An Australian startup has decided to offer blockchain based solution for the recruitment industry. The distributed ledger platform, ChronoBank is built around a time-based cryptocurrency, and is set to revolutionize the HR, recruitment, and financial industries. ChronoBank considers itself as an equivalent of Uber in taxi business and Upwork in freelancing when it comes to disruption of the recruitment industry. Based on a well-known....
ChronoBank, the Australian cryptocurrency platform has now created a decentralized global recruitment network powered by time-based cryptocurrency. Labor, whether it is white collared or blue collared is measured in terms of man-hours. However, the remuneration for employees in most of the cases is offered in fiat currency. The increasing popularity of cryptocurrencies, especially Bitcoin has opened up another mode of value transfer. ChronoBank, the Australian cryptocurrency platform has now created a decentralized global recruitment network powered by time-based cryptocurrency. The....
ChronoBank is an up-and-coming company that seeks to disrupt the recruitment sector just as Uber and Lyft have disrupted and reinvented the ride-for-hire business. ChronoBank wants to decentralize and disintermediate recruitment by creating a P2P marketplace connecting employers with freelancers. “[We] want to create a revolution in short-term recruitment within key professions,” states the company’s website. “Our goal is to make a difference to the way people find work and are rewarded for their labour — doing so within a decentralized framework and without the involvement of traditional....
The time-based cryptocurrency initiative, which seeks to disrupt the short-term labour-hire sector, is implementing an exchange on which buyers and sellers of work can trade skills for time and money. The recruitment industry is broken, with intermediaries charging high fees to introduce suitable employees to businesses seeking to fill vacancies. Whilst this is generally accepted as the price of doing business for long-term appointments, it can be prohibitively expensive for contract or freelance work. Organisations can spend more time and money securing an employee than they do on the....