The cryptocurrency revolution has made contact with the recruitment industry! Thanks to ChronoBank, the Australian cryptocurrency startup, companies and businesses from across the world will soon be able to access a huge talent pool of candidates. The time-based, multi-blockchain cryptocurrency platform is working on disrupting the recruitment sector with its solution for freelancing and short term recruitments.
The blockchain solution combined with its time-based cryptocurrency – Labor Hour is developed in association with one of the leading names in the recruitment industry, Edway Group Limited; the platform brings in over 100 years of experience in the industry to change the way people find work, and are rewarded for their labor. Chronobank’s model is ideal for the present day scenario where the requirement for both physical as well as high skilled work is increasingly being filled by individuals — either as part-time or freelance employees. The deviation from full-time employees to short-term ones is brought about by the increasing versatility of the organizations’ needs. Also, the costs involved in maintaining a full-time workforce is much higher than opting for short-term and remote hiring.