Introducing the start of LaborX, ChronoBank’s new toolset is a blockchain focused program. LaborX is detailed as a place for those looking for work and businesses looking to hire the proper place to easily, simply, and efficiently interact with cryptocurrency. LaborX will be put together with ChronoBank’s cryptocurrency exchange, TimeX, and multi-capticity fund, ChronoMint.
Using LaborX will hopefully allow potential employees to avert any stalling from wages or problems with receiving paychecks. This program will also be able to give businesses the chance to access new areas of potential new employees from around the world including those who primarily work online or are passionate about cryptocurrency. Companies and employees will save money since LaborX will only charge a 1% program fee for their accounts.
“Over the last 12 months, our team of industry veterans set out to create the world’s most complete, blockchain-powered HR ecosystem,” says Sergei Sergienko, ChronoBank CEO, “LaborX is a key part of that promise. It has all the advantages of blockchain technology, but can be used by anyone, regardless of technical expertise. We project 1,000 companies and 100,000 users will sign up for LaborX by year’s end, saving them approximately $45 million per month.”
Currently LaborX is being used by businesses like DGTek and Edway Training. ChronoBank claims more companies will be added soon.
Initially ChronoBank’s crypto-coin was released in February 2017 at 5,400 BTC. LaborX is expected to extend to over 1,000 businesses with over 100,000 customers by the time year ends.
ChronoBank.io is a blockchain focused site hoping to change recruitment, human resources, and the finance industry the way that Uber has disrupted the taxi/car ride industry.
ChronoBank’s goal is to create a decentralized and open system for everybody to use that will quickly create and cultivate of a new worldwide financial system, in addition to creating a new space online for new services and problem. They hope to do all this through their suite of programs and platforms.
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