, a cutting-edge global HR startup, announces the launch of LaborX, the first complete blockchain-based job platform in the world. A key part of ChronoBank’s HR ecosystem, LaborX gives job seekers and companies the tools they need to transact quickly, safely, and easily in crypto. With its sleek design and integrations with ChronoBank’s multi-currency wallet (ChronoMint) and decentralized exchange (TimeX), LaborX becomes one of the first blockchain apps ready today for mass adoption.
“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.”
LaborX introduces many industry-first features like continuous payments, an immutable reputation system, and the ability to hire from groups that are traditionally unavailable, like digital nomads, crypto enthusiasts, and the unbanked.
Much (much) lower platform fees. Because of blockchain efficiencies, LaborX only takes a 1% commission on all hires. Compare this to the 5-20% commissions other freelancer portals take
Through a proprietary reputation system that factors in dozens of candidate data points stored on an immutable ledger, companies can trust the candidates they hire. This saves them time and money on expensive and unreliable screening processes
LaborX tokenizes work hours, meaning you can sell your time at the best possible market rate and decide how many hours you wish to work every week, to create a perfect work-life balance.
LaborX makes it easy for companies to pay job seekers in crypto, which opens up the hiring pool globally, to the new-generation of crypto digital nomads, and to the unbanked in the developing world.
Using smart contracts and built-in dispute resolution, job seekers are guaranteed to receive the payment they were promised at their work’s completion. This is critical because 58% of freelancers have experienced non-payment in the past (PayPal survey). Funds appear instantly in wallets instead of taking days to clear in the bank. Freelancers can also get paid in crypto by the hours, receiving tokens as they work. We call it “continuous payment”
With LaborX’s built-in exchange and wallet, companies and job seekers can instantly cash-in or trade their cryptocurrency without having to sign up for any outside platforms; this fixes a major pain point for people new to cryptocurrency
Payments will be processed with stable LH token in order to avoid the volatility and fluctuations of cryptocurrencies.
Slick and easy-to-use interface. LaborX was developed over a 12-month period by one of the best technical and design teams in the industry. LaborX doesn’t require blockchain expertise to use and launches with a consumer-grade website and mobile app
About LaborX
LaborX is the leading blockchain-based recruitment marketplace. It is a complete platform that connects companies and job seekers and lets them transact quickly, safely, and easily in crypto. Using LaborX, job seekers can maximize their hourly rate, avoid payment delays and disputes, and work from anywhere in the world. Companies benefit because of LaborX’s proprietary reputation system, which grades and immutably records freelancer performance on the blockchain, saving them from a costly screening process. Companies also get access to new types of workers: digital nomads, crypto evangelists, and the unbanked. LaborX offers dramatically lower platform fees (1% vs. 5-20% from traditional platforms), resulting in a savings of $450 per month per freelancer. LaborX is projected to reach 1,000 companies and 100,000 users by year’s end.
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These data mining companies are eager to accumulate every nanometre of personal information in order to maximize profit and financial gain. Data gathering and storage has become a considerably large business. Some companies collect our information for their own marketing strategies, while others collect our personal information to sell directly to any buyer willing to pay the highest price.
This shouldn’t surprise anyone who has installed a worthy app on their cell phone, and actually took the time to read the permissions you give them in order to use the particular application.
Most people willingly give their personal information away (contacts details, email addresses, camera and microphone-use, etc), simply because they believe the app has too greater value that will convenience their lives.
This is the reason why so many of us are bombarded with ads and emails from places we have never heard of on such a regular basis. Marketing has reached an advanced technological level, and it is at the users expense. With this gathering of general information, elections can be swayed, and our general ideology can be reprogrammed subconsciously, without our awareness.
What can we do to detour this immense influence? First, we must disallow anyone to collect our personal information. How can we accomplish this and still have the same conveniences we have come so accustomed to utilize?
We can become familiar with the new and inventive technology that can replace them. Instead of Technology becoming an uninvited curse we no little about, trapping us to depend upon, we must become familiar with the Technology that will lead us back to personal choice and freedom.
So what is this New Technology you may ask? It’s called “Blockchain”, (originally Block Chain). The first implementation of this technology was introduced in the form of a Digital currency in 2009, named bitcoin.
The ideology of the blockchain that began with bitcoin, has advanced to much greater and more useful versions with the birth of newer coins (sometimes referred as alt coins of bitcoin) and changes in the original code.
Blockchain uses an algorithmic and decentralized platform that is operated by computers from around the world. The technology has adopted transparency on an open-source scale, and anyone with the knowledge can improve and utilize it globally. Blockchain is developing into a standard that includes the highest level of security and encryption.
The beauty of blockchain technology is that there are many use-cases and applications that are now available and ready to be configured onto devices. There is no real need to understand code or technical details, because many applications of this type are easily verified to be secure and trustworthy.
It is always wise to do your own research on anything that you plan to install or connect to the web. The blockchain is web based, and is improving the internet to a much greater efficiency level. You may not yet have heard of the Blockchain or bitcoin until now, but let me assure you that it is here to stay, and it will propel the future of business and commerce significantly to improve and privatize our lives to the greatest extent.
Digital Currency inherits the potential to entirely replace our current monetary system. Digital currency is not regulated by governments or ruler. It’s a unique form of currency that is already being utilized globally, and runs as a decentralized system, with no single point of failure.
Every second of the day it’s being spent, traded, and exchanged for fiat dollars. An interesting fact to note, is that the price of bitcoin in US dollars started at $985.00 on February 1st 2017 and skyrocketed to a monumental $19,205.11 on December 17th 2017. No ROI calculation is required.
The price fell short at the time of writing, and has had a history of fluctuation since its conception, despite this, it displays real value within the society and is considered a taxable currency in many countries throughout the world.
Predictions have estimated that this year. Regardless of the price, the technology behind it is what truly retains value. The technology of blockchain will change conventional business methods, and will develop various solutions that truly alleviate problems and provide alternate solutions.
As for privacy and security, large numbers of people send and receive messages on a daily basis. Sometimes there is a need to know your that conversation will remain private, and there are currently no applications that can guarantee total security and anonymity until now.
utilizes encryption that is hidden within the blockchain in a private and absolutely anonymous platform. “ADAMANT” (Abbreviation ADM) takes data protection and anonymity seriously. A simple-to-use service for any web-based device you may be using. While using this service, you will be confident that your identity is secure, IP address masked, and location untraceable.
Every message you send is automatically and completely encrypted on the senders end device, then decrypted on the recipient side. The message history is never stored on a device but is directly loaded from the blockchain.
ADAMANT accounts can not be closed, blocked or limited by anyone, including the developers. All work is done locally on the user’s device; therefore no users Private Data is transferred. This client app is actually incapable of transferring a user’s Private Key or mnemonic phrase (your password) over the network.
It’s incredibly easy to begin using the ADAMANT Messenger — This is also a great time to participate in the ICO. Today the token price during company’s Initial Coin Offering (ICO) is currently .0004 Ethereum.
No one can steal what is felt in our Hearts, please share it freely!
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