How Ethereum-based Uber of Time ChronoBank Could Boost Cryptocurrency Adoption
Recently, ChronoBank announced that it has been working on LaborX exchange, a Blockchain-based initiative that is aiming to disrupt the short-term recruitment sector in the same way that Uber revolutionized the taxi business by enabling direct connection between employers and workers. Through LaborX exchange, buyers and sellers of work can trade skills for time and money. The system is built on Ethereum’s platform enabling smart contracts, allowing workers and businesses to connect on a peer-to-peer basis. Alexander Rugaev, chief marketing officer, says: “The recruitment industry is....
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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.io, a blockchain project seeking to create an alternative labor economy based on time-based cryptocurrency has launched a new website, chronobank.io, and announced a December crowdfunding campaign. ChronoBank hopes to revolutionize the short-term recruitment industry the way Uber changed the taxi industry, according to a press release. It seeks to create blockchain-based labor hour tokens and a decentralized marketplace where people will sell labor time. With experience in both the recruitment industry and cryptocurrency, ChronoBank believes the time-based currency concept can....
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....
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....
Currently in its crowdfunding phase, the initiative has raised over $3 million to date. ChronoBank takes aim at the inefficient recruitment industry, seeking to connect employers directly with professionals in the same way that Uber disrupted the taxi industry. The native unit of currency is the inflation-proof Labour Hour (LH) token, which will be traded against work and other currencies on the LaborX exchange. Currently in its crowdfunding phase, the initiative has raised over $3 million to date. Investors will receive TIME tokens, which will receive rewards based on activity within the....