Chrono.tech
company profile
Chrono.tech is a blockchain technology company focused on software solutions in the field of human resources and recruitment. The company, whose full name is Chrono.Tech, was founded in 2016 and is headquartered in Sydney, Australia. As of the fourth quarter of 2023, Chrono.tech is a private company, and registered capital information is not disclosed in public information. Its key executives include CEO Sergei Sergienko, the founder of the company with extensive experience in the field of blockchain and software development. The advisory team and specific shareholding structure were not publicly disclosed. Chrono.tech is a member of the Australian Blockchain Association, indicating its involvement in the industry. The enterprise architecture adopts a decentralized model, and some operations rely on community support. The company has published a compliance statement on its official website, emphasizing compliance with relevant laws and regulations.
regulatory informationAs
of the fourth quarter of 2023, the company has not publicly disclosed the specific regulatory license or number. The Compliance Statement states that Chrono.tech will work with relevant regulators to ensure the legality of its operations as required by its business. As it relates to cryptocurrency trading and payment services, it is subject to Australia's Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
trading products
Chrono.tech The following main trading products are available:
LaborX: a decentralized global recruitment platform that enables direct transactions between freelancers and employers, and users can pay with cryptocurrency.
TimeX: A cryptocurrency exchange based on Plasma technology that combines centralized and decentralized features to provide a fast and secure trading experience.
PaymentX: An automated cryptocurrency payroll payment solution that allows businesses to pay their employees in cryptocurrency.
These products are mainly aimed at users who need cryptocurrency payment and transaction services, including individual and corporate customers.
trading software Chrono.tech
Thetrading software is closely related to its core product:
the LaborX platform: a blockchain-based trading tool for freelancers and employers, supporting smart contracts and cryptocurrency payments.
TimeX Exchange: A trading software developed based on Plasma technology that provides high-performance cryptocurrency trading features.
PaymentX System: A payroll management tool that integrates blockchain technology to support batch payments and automated processing.
These software utilize blockchain technology to ensure the transparency and security of transactions.
customer support
Chrono.tech Support customers in the following ways:
Community support: Build a community of users through platforms like Discord and Telegram, where users can communicate and get help.
Documentation Resources: The official website provides product usage guides and technical documentation.
Technical support: Customized support for enterprise customers to solve technical problems.
As of Q4 2023, customer support is largely online, with an undisclosed support team size.
core business and services
Chrono.tech The core business focuses on providing human resources and payment solutions using blockchain technology. Key services include:
Decentralized recruitment services: Connecting freelancers and job opportunities through the LaborX platform, supporting cryptocurrency payments.
Cryptocurrency Trading Services: Provide an efficient cryptocurrency trading platform through TimeX.
Payroll Payment Solution: Provide businesses with an automated cryptocurrency payroll payment tool through PaymentX.
Clients include retail clients (freelancers, individual users) and institutional clients (corporate employers). Its operating model is disintermediated through blockchain technology, improving efficiency and transparency.
technical infrastructure
Chrono.tech The technical infrastructure is based on blockchain technology:
Blockchain network: mainly uses the Ethereum network, such as its stablecoin AUDT, which is issued on Ethereum.
Smart Contracts: Used to automate transactions and payments for LaborX and PaymentX.
Plasma Technology: TimeX Exchange uses Plasma technology to improve transaction speed and cost-effectiveness.
As of 2023, the exact number of nodes or technical details are not disclosed, but its infrastructure supports global user access.
compliance and risk control system
Chrono.tech The compliance and risk control system includes:
Anti-money laundering and KYC: Due to the involvement of cryptocurrency transactions, the company is required to comply with relevant Australian regulations, although the specific measures are not disclosed in detail.
Security measures: Leverage the decentralized nature of blockchain to protect user data and assets.
Community governance: Some risk control is implemented through community participation, such as transaction verification.
As of the fourth quarter of 2023, no public information has been found regarding independent audits or specific risk control policies.
market positioning and competitive advantage
Chrono.tech Positioned as a blockchain-driven HR and payment solution provider. Its competitive advantages include:
Blockchain technology application: The use of blockchain technology in the recruitment and payment fields to provide a decentralized and transparent transaction experience.
Product diversity: From recruitment platforms to exchanges, covering multiple market needs.
Australian market experience: As one of the earliest blockchain companies in Australia, it has the advantage of localized operation.
Its target markets include freelancers and businesses in need of cryptocurrency solutions worldwide.
customer support and enablement
Chrono.tech Support and empower customers by:
Community Building: Build a community of users and developers through social media and online platforms.
Educational resources: Provide technical documentation and usage guides related to the product.
User involvement: Encourage users to participate in product feedback and community activities.
As of 2023, information on specific educational programs or offline events has not been disclosed.
Social Responsibility & ESG
Chrono.tech Limited information on social responsibility and ESG (Environmental, Social, Governance). As a blockchain company, its technology has the potential to improve financial inclusion by reducing intermediaries. However, as of the fourth quarter of 2023, no specific ESG projects or public statements have been found regarding the issue of blockchain energy consumption.
strategic cooperation ecosystem
Chrono.tech Establish strategic cooperation with a number of enterprises:
Bybit: Cooperate to improve transaction service capabilities.
Gate.io: Support the development of its ecosystem as a partner.
1inch: Collaborate to advance the application of blockchain technology.
These collaborations help expand its product capabilities and market reach.
financial health Chrono.tech Financial data
is not fully disclosed, but key funding information includes:
2022 fundraising: Completed a $30 million funding round led by venture capitalist Mark Carnegie.
As of the fourth quarter of 2023, its revenue was primarily derived from transaction fees and service fees, and its financial position was supported by investments.
future roadmap
Chrono.tech Detailed future development plans were not disclosed. Depending on its business direction, it may include:
Product Optimization: Improving the functionality and user experience of LaborX and TimeX.
Market Expansion: Access to more international markets.
Technology upgrades: Develop new blockchain features or services.
