Redefining the Short Term Recruitment Industry — ChronoBank
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....
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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 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....
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 is a time-based cryptocurrency platform working on making short-term hiring a walk in the park. By the first quarter of 2018, the short-term recruitment sector will be revolutionized. Contract workers and freelancers will be using blockchain powered platform to find assignments and they will be receiving their payments in the form of cryptocurrency. The new revolution will be made possible by ChronoBank. ChronoBank is a time-based cryptocurrency platform working on making short-term hiring, a walk in the park. The distributed ledger technology based platform will be powered by....
ChronoBank, a blockchain-based platform is on its way to revolutionizing the industry by creating a new standard. The informal employment sector is full of options but lacks standardization. Recruiters have a tough time filtering through hundreds of profiles on various social network and freelance platforms, while looking for a short-term hire. At the same time, candidates have to compete with thousands of peers, irrespective of their experience; not to mention the hefty fees charged from both the employers and candidates by these platforms. ChronoBank, a blockchain-based platform is on....