Blockchain technology is delivering applicable use cases to almost every area of human service delivery. The supply chain management abilities of the technology have made it adaptable to every industry that is involved with either workflow or the transportation of goods and services.
Implementing blockchain technology in HR and finance has been achieved by Chrono.tech. By achieving this, the company has reduced the barriers and eliminated several bottlenecks in employer-employee relationships, especially in the areas of recruitment and payments.
What is Chrono.tech?
Chrono.tech is building an ecosystem that accommodates all aspects of the work processes, based on global standards. Employers, employees, recruitment agents, and all elements of the labor market are brought together in an ecosystem that enhances seamless operational flows. In simple terms, the platform uses blockchain to streamline access to work and payments.
How does Chrono.tech work?
Four separate aspects of the labor market are clinically addressed by the Chrono.tech protocol, covering all aspects of the employer-employee relationship to enhance an efficient working environment.
LaborX is the global recruitment platform where anyone from any part of the world can find jobs and get paid in crypto. Both employers and employees are adequately protected in the process. A plasma-based exchange, TimeX, is a hybrid of centralized and decentralized technologies that ensure a fast, secure, and cost-protected ecosystem against front-running and illegal activities.
An automated cryptocurrency payroll solution, PaymentX, is a payment suite enabled with crypto payment capabilities, invoice generation, and automated regular payment setups. It makes the payment process seamless and convenient. A fiat-backed stablecoin AUDT is also part of the integrations of Chrono.tech which is underpinned with a 100% reserve of Australian dollars.
TIME price prediction
TIME is the native cryptocurrency of the Chrono.tech platform. As of the time of writing, the price of TIME was $77.65. This price is expected to increase by 4.78% in the next 5 days, to reach $81.26 on November 26, 2022. Long-term projections for TIME are; $97.63 in 2023, $126.03 in 2024, and $162.70 in 2025.