What is ChronoBank.io?

toroiskandar (53)in #bitcoin • 8 years ago (edited)

ChronoBank.io is a goal-oriented and boundless blockchain extend, went for upsetting the HR/enrollment/back enterprises likewise to how Uber disturbed the taxi business and how Upwork spoke to an advancement in outsourcing.

At ChronoBank.io, we are testing business as usual and bringing an other option to conventional budgetary frameworks.

This option is another era of time-based monetary standards using the most recent improvements in blockchain innovation.

In spite of taking off enthusiasm for disseminated record innovation, there are at present not very many blockchain applications balanced for standard market selection.

ChronoBank.io has been outlined by a consortium of experts with more than 100 years of joined enlistment encounter, in conference with specialists who can make the product to influence blockchain innovation to take care of certifiable business issues.

In particular, we need to make an insurgency in transient enlistment inside key callings.

We will likely have any kind of effect to the way individuals look for some kind of employment and are compensated for their work – doing as such inside a decentralized structure and without the contribution of conventional money related establishments.

Work Hour Stable Coins

The principal phase of our venture is to make the budgetary spine of ChronoBank.io: national Labor-Hour (LH) tokens.

LH are connected to normal time-based compensations in the host nation and are sponsored by a genuine work compel from huge enrollment and work employ organizations.

Work is sufficiently plentiful for everybody to have admittance to it, yet sufficiently rare to be significant. It is the most tradeable asset in the genuine economy.

LH tokens will tokenise this asset. Since they are supported by genuine work, they are totally swelling confirmation and have beside zero unpredictability – in contrast with bitcoin and different cryptocurrencies.

This arrangement is significantly more supportable than any of the fiat-pegged or upheld coins that right now exist in the crypto advertise. LH tokens will be hyper-fluid and open all day, every day through the LH check card

LaborX Decentralized Marketplace

The second stage is to make LaborX, a decentralized commercial center where individuals in genuine callings will have the capacity to offer work hours to anybody.

LH tokens will go about as a substitute for installments in fiat monetary forms and will empower individuals to be remunerated for their work – without cryptocurrency's mark unpredictability hazard.

We have taken incredible care to plan the framework for usability, to ensure that genuine work time and the LH token can be traded productively for each other. While timebanking in its least difficult shape utilizes a standard conversion standard for time, each

ChronoBank.io member will have notoriety doled out to them, to empower them to get to compensation fitting to their ability level.

The better the individual's notoriety in light of past work, the higher the value they will have the capacity to order for 60 minutes work. Starting notoriety will be set in view of the individual's understanding inside the accomplice organization from stage one of the venture.

For the individuals who have not took part in the framework in any past limit, an ostensible normal notoriety will be appointed.

Each care is taken to boost the client to expand their notoriety and keep up it at the most elevated amount.