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.
WorkChain.io aims to bring payroll into real-time, in synch with the way the world works. Using blockchain technology and verified work identities and records, the platform automates payroll for employers and allows workers to get paid as soon as they complete their work. In the process, ending the reliance on third-parties and removing fees and delays, and opening up more accessible lending opportunities.