Chronobank will provide assistance and advice for a number of Estonian blockchain efforts, including the planned initial cryptocurrency offering (ICO) for the TGE cryptocurrency.
Chronobank CEO Sergey Sergienko has been named to the board of directors of TokenEST OU. TokenEST OU is a profit-company that will build and operate Estonia’s proposed market for crypto-assets. The TGE ICO is intended to finance the building of that market. The market will be overseen and regulated by the Estonian government.
The Chronobank subsidiary Labor X is also an official partner with Estonia’s blockchain efforts. Labor X is a platform designed to connect employers and jobseekers through Chronobank’s TIME token. There are plans for collaboration between TIME and a proposed national cryptocurrency.
“All of us at Chronobank are jazzed to be a part of a new wave of labor laws, regulations and relations,” Sergienko said. “We are thrilled that the government of Estonia shares the same philosophy when it comes to monetizing labor relations by using blockchain.”
Sergienko will join a number of Estonian political and business leaders and blockchain visionaries on the TokenEST OU board. Current board members include Aaron Levi Yahalom, Denis Tsyro, Hanon Barabaner, and Mihhail Korb.
ChronoBank.io helps laborers control their employment and receive fair wages via the TIME token. An Australian fin-tech platform; Chronobank enables employers and workers find the most optimum working arrangements while keeping the relationship transparent via blockchain.
The Republic of Estonia is a member of the European Union and the Eurozone.