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ChronoBank.io is an ambitious and wide-ranging blockchain project, aimed at disrupting the HR/recruitment/finance industries in a similar way to how Uber disrupted the taxi business and how Upwork represented an evolution in freelancing.
ChronoBank is bringing blockchain technology to the high-stakes world of hiring, to help HR managers and candidates transact faster, smarter, and with far less risk.
We are a complete HR ecosystem with a hiring platform (LaborX), a decentralized exchange (TimeX), a multi-signature wallet (ChronoWallet), and a unique cryptocurrency pegged to labor hours (Labor-Hour Tokens).
We are committed to making blockchain technology accessible to everyone. Our products are consumer-friendly and ready today for mass adoption.
ChronoBank is here for the long haul. We are well-funded with established partners and an accomplished executive team that has more than 10 years of combined experience in HR and Recruiting.
Labour-Hour tokens are linked to average hourly wages in the host country and are backed by a real labour force from big recruitment and labour-hire companies.
Labour is abundant enough for everyone to have access to it, yet scarce enough to be valuable. It is the most tradeable resource in the real economy.
LH tokens will tokenise this resource. Because they are backed by real labour, they are absolutely inflation-proof and have next to zero volatility — in comparison to bitcoin and other cryptocurrencies.
This solution is far more sustainable than any of the fiat-pegged or backed coins that currently exist in the crypto market. LH tokens will be hyper–liquid and accessible 24/7 via the LH debit card.
As a blockchain-based form of private, time-based money, banks are made redundant, and transactions happen directly between people and businesses.
LH tokens and Chronobank.io dApps will be created on Ethereum, Waves and NEM blockchains.
LH tokens will be linked to national average hourly wages, which have significant and stable growth with very low volatility.
LH have stable prices in fiat currencies. They, therefore, allow users to transact while maintaining AUD/USD/EUR/GBP-measured values.
ChronoBank.io will issue Labour-Hour coins with stable value, protecting users from cryptocurrency's infamous volatility.
Designed with users in mind and with best UI/UX practices. One click to buy/sell/send transactions with fiat or cryptocurrencies.
A decentralised ledger backbone and multiple security levels guarantee transparency and openness at all stages of Labour-Hour life cycle.
LH tokens will be hyper-liquid and accessible 24/7 via the LH debit card.
ChronoWallet is the interface for ChronoBank’s smart contract management system. It can be used for the following operations and functions:
Manage ETH and any ERC20 tokens (not just TIME and LH), including secure multi-signature support when using hardware key storage.
Manage BTC, LTC and a number of other popular cryptocurrencies.
Create your own ERC20 token, with currency exchange for trading pairs (coming soon): Your ERC20 <> ETH.
Distributed cryptocurrency market on top of 0x protocol (coming soon).
Voting function: TIME token holders will be able to vote on important company decisions.
LHT mining (long-term holders can stake their TIME tokens on LaborX sidechain to mine LHT).
We have taken considerable efforts to refactor our mobile app, following new and stricter rules from the Apple Store. The mobile app now supports 100% of the functionality of the desktop app and we are working to integrate an Ethereum lite node into it.
Additionally, we are implementing all of the necessary security recommendations. The app already supports secure key storage and fingerprint authentication.
The ChronoWallet is the only wallet currently on the market that supports any ERC20 token transfers, as well as ETH, BTC, BCH and NEM. We have further plans to add DASH and XRP.
LaborX is a 24/7 global marketplace that connects companies and candidates and helps them transact quickly, safely, and easily in crypto.
Built on the blockchain, LaborX introduces industry-first features, like an immutable reputation system, which saves companies time screening hires, and smart-contract payments, which guarantee that candidates get paid on-time, everytime (these payments can even be sent by the minute!).
Blockchain apps are often complicated and clunky, but LaborX was built for everyone with a consumer-friendly design that’s ready today for mass adoption.
We’ve saved the best for last. Because of blockchain efficiencies, LaborX charges dramatically lower platform fees (1%) than traditional hiring platforms (5-15%). Save money - hire smarter with LaborX.
We created our first website to facilitate the upcoming token sale of ChronoBank's TIME token at the end of 2016.
Our token sale was one of the most successful of the year, collecting the equivalent of over 5,400 BTC in a number of different cryptocurrencies.
Our TIME token began trading on the first exchanges, facilitating liquidity and opening up secondary markets for new investors.
We launched the first version of our flagship wallet application.
Using the Ethereum blockchain, one of our partnering labour-hire companies issued the first Labour Hour token, to be backed by work time.
We continued to work on our core mobile applications and the user interface for ChronoBank's decentralised exchange.
We trialled our main wallet software with the community and started our security audit.
Our new desktop and mobile clients were officially launched!
We made the first release of our smart contract management system to the community.
Completion of MVP of our decentralised exchange expected.
Working beta version for our core exchange infrastructure planned.
We aim to open LaborX testing to the community and for the professional security audit.
The release of the LaborX platform.
It is both invigorating and exciting to be a part of the blockchain revolution. We are all living in a world that is changing faster than ever before. Traditional ways of doing things are fast becoming obsolete, including the way we work and earn a living.
I and our stellar team at ChronoBank have risen to the challenge of creating a fairer, more sustainable and better system for anyone to work, get paid and trade their only valuable resource, their Time.
We believe that people should have better choices in their work/life balance, be paid according to their skills, receive pensions and pay taxes effortlessly.
Thanks to our talented and experienced team, a lot of things have already been developed since the completion of our token sale. We have big plans and will continue giving our best efforts for this project to be a success.
Stay tuned, ChronoBank's TIME is coming.
We are proud of our partners
Waves is a custom tokens platform, designed to make creating, distributing and trading blockchain tokens fast and straightforward. With a built-in decentralised exchange and multiple crypto and fiat gateways, Waves is the ideal platform for blockchain crowdsales and the tokenisation of business models.
NEM is a smart asset platform: a highly versatile and modular blockchain system that combines simplicity and flexibility, allowing businesses to build a diverse variety of applications for real-world use with off-the-peg tools.
ICO Promo is a blockchain consultancy and marketing company that specialises in publicity for token sales. The group has been behind a number of highly successful crowdfunding campaigns, including ChronoBank’s own ICO.
Blackmoon Crypto is a part of Blackmoon Financial Group, a financial technology company founded in 2014. The Blackmoon Crypto Platform focuses on all the aspects of tokenized investmentsvehicles, from technology and infrastructure, to legal compliance and corporate structuring.
0x is an open protocol for decentralized exchange on the Ethereum blockchain. It is intended to serve as a basic building block that may be combined with other protocols to drive increasingly sophisticated dApps. 0x uses a publicly accessible system of smart contracts that can act as shared infrastructure for a variety of dApps.
BANKEX is Bank-as-a-Service on blockchain, building the Proof-of-asset-Protocol. BANKEX stands for Bank exchange, to describe a platform where banks can exchange their products.
TokenEST is an agency engaged in attracting external capital to the Estonian economy with a focus on the digitalization of production economy and the implementation IoT and Blockchain into the real sector.
Bcoin is the first Bitcoin fullnode implementation built specifically for production systems at scale. Written from the ground up entirely in Node.js, Bcoin enables companies to spin up consumer-grade bitcoin applications, including robust wallet APIs and infrastructure, without the long-term concerns of scalability or security.
Emercoin — a well-known and established cryptocurrency platform — across several elements of shared interest. Emercoin offers diverse blockchain services for businesses and individuals, providing a wide range of facilities that increase transparency, security and reliability.
IPS is a recruitment consultancy, a human sized International search & selection consultancy based in Amsterdam made up of highly experienced and Internationally connected industry professionals.
Ethplorer – Ethereum Tokens Monitor. ChronoBank will be implementing Ethplorer’s API within their ChronoWallet to gain the information required to conduct a range of TIME token operations.
Employable, a mobile recruitment app designed for ultimate ease of use in order to match candidates with jobs quickly and on the go.
Instahire — a team that is launching an app to expedite the recruitment process. Instahire is associated with the Clifford Wallace Agency, which supplies hospitality staffing to corporate events and restaurants and receives around 1,000 job applications per month.
Paragon is tackling the industry-wide problems faced by the cannabis industry.
Dbrain is an open blockchain platform to collectively build AI apps. Dbrain links crowd workforce with data scientists to turn raw data into real-world AI solutions for businesses, creating a win-win situation for all participants in the AI market.
The Dash Embassy is the legitimized representative of the cryptocurrency Dash in German-speaking countries. The company based in Lübeck carries out an educational and teaching assignment on behalf of the Dash network. The aim is to promote dialogue and education around the subject of cryptocurrencies in general and Dash in particular in Germany, Austria and Switzerland. In addition to online tutorials and offline presentations, interested retailers will also find a contact person in the Dash Embassy. Interested parties can obtain information and current offers at www.dash-embassy.org or in the Dash Embassy D-A-CH offices in Lübeck and Vienna.
As companies and the labor force become increasingly globalized and digitized, managing projects and employees can grow more complex. ChronoBank uses a blockchain-based suite of products to help resolve some of today’s biggest HR challenges.
...“If you look around, everything else has changed. And it’s really, really weird that the way people get paid for their services, for their time, for their work, has not gone through any revolution of sorts.”...
Australia-based startup ChronoBank has launched the beta of LaborX, a decentralized marketplace for labor hiring. As the ChronoBank white paper claims, it aims to “revolutionize the short-term recruitment of real-world professions” by practically making any kind of work available on-demand — paid per hour, per day or even per second.
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