WORKCHAIN.IO : INSTANT PAYMENT FOR WORKERS AROUND THE WORLD WITH BLOCKCHAIN

febieline (5)in #workchain • 6 years ago

Abstract
Many companies, organizations, government and firms in every part the world today don't pay their workers on time. At times this workers will be deprive of their earnings for weeks and at times months and this is not good for the world economy. This is why WorkChain.io bring this platform to take care of workers around the world with the use of blockchain technology because of is transparency, openness and accessibility. This platform will issue a token on ethereum blockchain which will be a Erc20 token so that potential customers around the world can be able to buy into this amazing project.

[INTRODUCTION]

Many companies, organizations, government and firms in every part of the world today don't pay their worker on time. At times this workers will be deprive of their earning for weeks and at times months and this is not good for the world economy. Especially some government in West Africa will deprive their workers up to six months earning. And in this kind of situation such worker will not be diligent, productive and ready to do his or her best for such government. The world is growing daily and there is need for companies around the world to take care of their workers so that this workers can be happy and serve such companies diligently. This is why WorkChain.io bring this platform to take care of workers around the world with the use of blockchain technology because of is transparency, openness and accessibility. This platform will issue a token on ethereum blockchain which will be a Erc20 token so that potential customers around the world can be able to buy into this amazing project.

[PROBLEMS]

Lending: when someone anywhere in the world today want to access capital from any financial institution it use to be a very lengthy process that is control by large banks which have rules and regulations governing the process and this make it a rigid process and a lot of people who need fund can not easily access this bank to borrow. Also there is going to be a lot of paper work to sign and most time they do ask customers to bring guarantors which one might take month to get. As most people don't like to stand in for anyone in the area of fund. And this financial institutions do ask for collateral at times and often time the collateral they will ask for a customer to bring can be 100x the amount they are willing to lend to their customers.
Identity: in today world everything is online based and it is easy for people that access information and profile of others online but the fact remain that most of this information provided on this users profile on sites LinkedIn, Facebook or twitter are not 100% accurate some are falsify and need background check for everyone to know that they are accurate. The payment records of people are most time spread across countless employers and this is so unreliable because centralized credit checks is going to be use. There is need for verifiable identity for everyone on the world so that people can easily access their work and know if they are truly the owner of such work or not and people will also be able to check their payment histories.
Payroll: At times workers don't get paid for job that they have executed weeks or even months earlier the people in charge still make use of updated way of collecting and collating information which always result in time consuming payroll method which is susceptible to payroll system and bank delays.

[MISSION]

This platform want to make it easy for everyone in the world to be able to earn crypto currency no matter where you are as long as you get pay with paycheck. This will enable every worker to be able to get instant access to their paycheck instead of them having to wait for a week for them to receive it in the mail and then go to cash it at the bank. Workchain.io will serve workers around the world the stress they use to go through before they could casj out their paycheck. By making use of blockchain technology everything will be transparent and accessible to everyone in the world and this will free employers from payroll processing time and cost.

[MARKET OPPORTUNITIES]

Identity WorkID: This platform has developed the world first immutable CV through its workID which is going to use the verified records on WorkChain.io. This is going to comprise a lot of verified data from all users i.e work, universally accessible, academic and payment histories and searchable profile that employers can trust and use to make background checks easily, rapidly and conclusively.
Payroll WorkPay: With this the work records of everyone will be verified on the blockchain, the WorkPay because it is based on blockchain on technology is a faster and secure payment than the existing traditional payroll cycles. With this workers around the world will get access to earning immediately the work is work is done. As the name implies just work and get pay immediately after your work (WorkPay) and this also empower employees around the world with it's simple, automated payments method without the delay and time consuming payroll process.
Lending: On this platform users will have access to improved and less risky loan that you won't need to put down a collateral before you have access to. Which is going to make use of individuals verified payment histories and then forecasting earning that are store on WorkChain.io. It will make use real time credit scores to form an accurate and up to date financial picture for individuals.

[TOKEN INFORMATION]

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

[TEAM]

The team comprises of dreamers are doers are are ready to win by using integrity , data driven and a very strong community. This team understand business, traditional payroll problems and the opportunity and blockchain technology.

[CONCLUSION]

This is a awesome project that will have millions of employees and the world economy with a better and easy way for organizations, companies and government around the world to pay their workers. This is a project that everyone should buy into.

FOR MORE INFORMATION ON WORKCHAIN, KINDLY VISIT THIS SITE.