Chrono․Tech Attracts $30 million Investment
Tech comes at a time of unprecedented interest in blockchain technology and cryptocurrencies, and enables the company to position for the next wave of adoption.
‘As the world continues to change, Chrono has an opportunity to build the technology that will become the infrastructure for the next generation of web applications,’ says founder Sergei Sergienko. ‘These investments, totalling $30 million, enable us to develop Chrono.Tech’s ecosystem, refining and expanding our products and bringing them to new global audiences.
For LaborX, that will mean launching new features to complement the existing digital contracts, escrow, reputation, and dispute resolution modules. This will help bring the platform into line with the best centralised freelancer portals, while offering greater security, lower fees, and better accessibility for users.
Meanwhile, the team will be adding new coin pairs to TimeX, and building features to cater to the growing community of crypto traders and investors. PaymentX will be integrated with external services, helping to make settling invoices by crypto fast and easy for more people. And, needless to say, all of this will be possible through an expansion of the core team of developers and marketing specialists.
‘We’re still at an early stage in the blockchain revolution,’ continues Sergei, ‘and the long-term impacts on the economy and work patterns of the coronavirus pandemic are only just starting to become clear. We have the opportunity to play a meaningful role in writing the next chapter of history, and a great team to make the vision of permissionless, open, global employment a reality.’
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