WorkChain.io - The Blockchain Solution for the Future of Payroll

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Hello Everyone, I will introduce a project about WorkChain, If you are willing to join the WorkChain project, let's look at the following review:

What is WorkChain.io?

WorkChain.io is a distributed, decentralized blockchain-based public ledger that replaces slow traditional payroll cycles with real-time cryptocurrency payroll. By building unified, immutable and verified work and payment records, WorkChain.io creates a framework that connects all the steps of payroll into one simple and efficient flow from work completion to payout, building a new ecosystem along the way.

For workers, it means instant access to earnings – their paycheck on-demand. For employers, it provides an advanced, automated payroll solution that is efficient, cost-effective and ends the reliance on third-party processors and banks.

Mission Statement

WorkChain.io aims to make earning cryptocurrency possible for anyone who receives a paycheck. We give workers instant access to their paycheck the moment they clock out. It’s their earnings on their terms – true financial control that everyone deserves. And by automating the entire work to paycheck flow on the blockchain, we free employers from payroll processing time and costs.

The WorkChain.io Founding Team – A History of Building Companies and Shipping Product

Behind WorkChain.io is more than ten years of experience in the global workforce management sector. The problems WorkChain.io solves are those that team has faced first-hand.

Over the past decade, the team behind WorkChain.io has worked directly within the ‘proof of work’ side of workforce management with innovative and market-leading applications that have collectively helped one million-plus employees in more than 40,000 workplaces schedule, track time and productivity, and payroll around the globe.

“A lot of ICOs are all ideas and no execution. We’re a team of proven product shippers with real revenues, customers, advisors and investors. We don’t simply talk about the product; we bring it to life.”

Co-Founder, CEO and Lead Investor

Ryan Fyfe is the Founder and former CEO of Humanity.com, a global leader in employee scheduling software. He successfully bootstrapped Humanity.com to initial revenue before attracting more than $13M to scale the company to over 150 staff globally. The software he created is now used by more than 40,000 companies worldwide, including Nike, Lyft and CNN.

Ryan brings 10 years of experience in the workforce management and technology sectors to WorkChain.io. His established contacts with HR, workforce management and payroll market-leaders will help drive WorkChain.io’s strategy, growth and adoption.

Co-Founder and COO

Ivan Petrovic is a serial entrepreneur with a proven track record of turning product visions into market realities. Ivan previously founded WorkPuls, a company that focuses on driving productivity and tracking time on various work-related tasks for digital companies with a distributed workforce.

Since its launch in 2015, WorkPuls has received funding from two prominent European VC funds and has established itself as a market leader in employee productivity tracking and is a solution trusted by enterprises globally. Ivan is an early bitcoin enthusiast, miner, and developer.

How it Works

Do the Work
An worker’s hours, shift or attendance is verified through the WorkChain.io app.
Clock Out
Each time they finish work, the earnings become available for instant withdrawal.
Get Paid
Using their WorkChain.io Wallet, workers receive their earnings on the blockchain.

Instant Paychecks Anyway You Work

Hourly, salary, gig, or anywhere in between, WorkChain.io makes your earnings instantly available however you work.

WorkChain.io Wallet - The Wallet for the Future of Payroll

Today, everything’s in real-time and on demand. Except payroll, which is stuck in the Industrial Age. With blockchain technology, we’re creating a faster, more efficient and secure way to pay – and get paid.

More financial freedom – you, not your employer, say when you get paid.
Better handle life’s expenses – instant earnings mean no more putting off bills and rent.
No more footing the bill for overdraft fees, always have money in your account.
True decentralization – no banks or third-party processors, fees and delays.
Earn cryptocurrency - Supports ETH and ERC20 tokens, including stablecoins like TrueUSD.

The Protocol for Real-Time Payroll

We’re building a whole new payroll ecosystem on the blockchain. Whether you get paid monthly, bi-weekly or weekly or work full-time, part-time or as a freelancer, it’s a new world where anyone can make the switch to real-time payroll.

The World Works in Real-time. Payroll Should Too!

Benefits for Workers

Freedom From Payroll Cycles
Once you’ve done the work, you decide when payday comes.

Instant Pay
Get a handle on bills and avoid late fees with instant access to your earnings.

No Employer Signup Required
Employer not signed up? You can still get paid instantly with a pay advance via our peer-to-peer lending network.

Benefits for Businesses

Save Time and Money
Automated blockchain-based payroll does away with admin, processing and banking costs.

Works With Most HR Systems
Connect WorkChain.io with your existing HR system to manage payroll more efficiently with no added work.

More Productive Employees
28% of workers are distracted at work by financial stress. Give them greater financial control and boost productivity.

WorkChain.io App Token (“WATT”)

Your Membership Token to the Future of Payroll

The transactions made through the WorkChain.io ecosystem and the interoperability of its applications will be powered by the platform’s native utility token, WorkChain.io App Tokens (‘WATT’, ‘WATT Token’).

The functionality of WATT Tokens will naturally expand over time in step with the adoption and growth of WorkChain.io. As the number of users on the platform grows, so will the utility and common product use of WATT Tokens.

The Power of WATT Tokens:

Employee Membership – To get an instant paycheck, employees only need a single WATT token.
Employer Access – We’ve done away with costly payroll subscription fees. Instead, employers simply stake WATT tokens.
Work Validation – Workforce management systems stake WATT tokens to validate work records. More tokens staked means more power to validate. And more profit earned.
Lending Priority – When funds outstrip demand on the network, priority is given to lenders who stake the most WATT tokens.

Token Information:

Supply: 1,000,000,000
Symbol: WATT
Decimals: 18
Type: ERC20
Address: 0x829a4ca1303383f1082b6b1fb937116e4b3b5605

Token Distribution

Staking

Staking is the primary use for WATT Tokens, enabling different participants access to the network and to perform more work on WorkChain.io based on the size of the stake.

Primary Parties and their benefits in Staking WATT Tokens: