Chrono.Tech develops blockchain-based software solutions for the HR and recruitment sector, including LaborX, a platform that connects job seekers with employers and facilitates cryptocurrency payments. The company addresses inefficiencies in recruitment and payment processes, ensuring timely and fair compensation for workers globally.
Funding
$31.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional HR and recruitment processes often involve inefficiencies in connecting job seekers with employers, particularly in ensuring timely and fair compensation for workers across international borders. Existing systems can lack transparency and security, leading to disputes and delays in payments.
Solution
Chrono.Tech offers a suite of blockchain-based solutions designed to streamline HR and recruitment processes, focusing on secure and transparent interactions between employers and employees. Its core product, LaborX, is a global recruitment platform that facilitates connections between job seekers and employers, enabling cryptocurrency payments for services rendered. Chrono.Tech's ecosystem also includes TimeX, a hybrid cryptocurrency exchange, PaymentX, an automated crypto payroll solution, and AUDT, an Australian dollar-backed stablecoin. These tools aim to reduce barriers to recruitment and payment, providing efficient transactions and robust protections for both parties involved in employment contracts.
Target Audience
The primary target audience includes HR departments, recruitment agencies, and businesses seeking efficient and transparent payroll solutions, as well as freelancers and contractors looking for secure and reliable payment methods.
Features
- LaborX: A blockchain-based job platform connecting freelancers with employers, featuring smart contracts for secure agreements and crypto payments.
- TimeX: A Plasma-based cryptocurrency exchange that combines centralized and decentralized technologies for speed, security, and cost-effectiveness.
- PaymentX: An automated cryptocurrency payroll solution for businesses, enabling one-click payments, invoice management, and scheduled payments in crypto.
- AUDT: An Australian dollar-backed stablecoin (ERC-20) ensuring price stability and redeemability.
- TimeWarp: A staking program for TIME token holders, offering rewards for locking up tokens in a smart contract.
- TIME Bridge: Facilitates the transfer of TIME tokens across different blockchain networks.