Australia - based ChronoBank enables people to trade their time and talent safely and securely in a decentralised global network . So one hour of work for a cleaner for example equals one hour of work of a lawyer. Based around the idea that labour time is the most valuable commodity people have , time - based labour notes have been in existence for over a century , but the concept has been challenged by problems around fungibility . ChronoBank believes it has solved the latter problem by using its own Labour - Hours tokens on a blockchain . The company aims to create a marketplace where people buy and sell their labour hours .
Australia - based ChronoBank enables people to trade their time and talent safely and securely in a decentralised global network . Based around the idea that labour time is the most valuable commodity people have , time - based labour notes have been in existence for over a century , but the concept has been challenged by problems around fungibility . ChronoBank believes it has solved the latter problem by using its own Labour - Hours tokens on a blockchain . The company aims to create a marketplace where people buy and sell their labour hours .