ChronoBank, a blockchain-based time-banking system, has announced details of its LaborX exchange venture, which will offer a marketplace for buying and selling labour as tokenised labour hours. Chronobank has said that after the exchange launches, it will develop ChronoWallets and labour hours debit cards, as well as middleware to facilitate crypto exchanges. The LaborX exchange is built on Ethereum's smart contract platform and allows peer-to-peer connection between businesses and workers. In an interview with CoinDesk, CEO of Chrono Bank David Sønstebø said: "We are building this new kind of financial system where you can buy and sell labor in any way you
ChronoBank, a blockchain-based time-banking system, has announced details of its LaborX exchange venture, which will offer a marketplace for buying and selling labour as tokenised labour hours. Chronobank has said that after the exchange launches, it will develop ChronoWallets and labour hours debit cards, as well as middleware to facilitate crypto exchanges. The LaborX exchange is built on Ethereum's smart contract platform and allows peer-to-peer connection between businesses and workers. The exchange offers labour hours matched to the price of that hour in the country from which it is being purchased.