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ChronoBank, a blockchain initiative backed by Australian labour hire company Edway, has announced that it is to launch LaborX exchange, which is built on Ethereum’s smart contracts platform, to enable workers and businesses to connect on a peer-to-peer basis.
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Sergei Sergienko, who is both co-founder of Edway and CEO of ChronoBank, commented on the need for the venture: “The recruitment industry is broken, with intermediaries charging high fees to introduce suitable employees to businesses seeking to fill vacancies. Whilst this is generally accepted as ... (read more)