What Is Chrono.tech (TIME)?

Chrono.tech is a blockchain-based HR (human resources) software solutions platform that seeks to streamline global access to work and payments. The platform was created with an aim to find short-term jobs quickly and easily. The company recruits users worldwide to help them land meaningful positions while aiming to ensure that those users are compensated promptly and appropriately. Chrono.tech's objective is to facilitate a world where people seeking employment can find enterprises looking for their talent. They hope to achieve this through cutting out unnecessary  intermediaries, avoiding fees, and reducing the inefficiencies of the traditional recruitment industry, which is often a roadblock to employment.

Chrono.tech's ecosystem intends to revolutionize how people find work and connect businesses with contractors, regardless of where employees and employers are. Chrono.tech has developed tools and services to help with recruiting, accounting, and compensation, including a labor-hire platform "LaborX", a Plasma-based exchange "TimeX." The platform has also developed "PaymentX", a cryptocurrency payroll solution that aims to cut expenses while also improving performance and consistency.

LaborX is a blockchain-based job marketplace that connects clients and users by facilitating transactions and providing robust protections via smart contracts. TimeX allows global financial transfers without any paperwork, with no hidden trading or transfer fees. Employers can use PaymentX to rapidly and effortlessly pay employees globally using cryptocurrency.

According to its whitepaper, TIME is an ERC20token created using the Ethereum ecosystem. The token enables users to access the platform's unique functionality by depositing Time Tokens into the TimeHolder contract. The TimeHolder contract's primary function is to maintain the user's tokens. TIME token also serves as fuel for the platform's functional requirements, which means that consumers are charged a nominal fee to use the functionality. 

History of Chrono.tech (TIME)

Chrono.tech was founded in 2016 by Sergei Sergienko, who also serves as the platform's chief executive officer. Andrey Petrushko is COO (Chief Operating Officer) of the organization, and Saypulla Sheykhanov is the CTO (Chief Technical Officer)