ChronoBank and Dbrain announced a partnership to build an employee evaluation system for short-term decentralized hiring. ChronoBank operates a blockchain-based labor marketplace where workers find jo
ChronoBank and Dbrain announced a partnership to build an employee evaluation system for short-term decentralized hiring. ChronoBank operates a blockchain-based labor marketplace where workers find jobs and receive payment without intermediaries. Dbrain operates a blockchain platform that helps companies build AI applications by connecting them with data annotators around the world.
Both companies are tackling a problem that plagues recruitment websites: worker evaluations often contain unreliable information. ChronoBank needed a smarter, more reliable solution to assess employee performance in its marketplace. Sergey Sergienko, CEO of ChronoBank, said, "We want to create an employee evaluation system that everyone can trust. The integrity of the information presented is very important to us. We look forward to working with Dbrain to enhance the capabilities of our decentralized recruitment platform. With this partnership, we hope to develop a world-class employee evaluation system using the power of artificial intelligence."
Dbrain will supply its AI platform to power the scoring mechanism. The company links crowd workers from low-income countries with data scientists to convert raw data into AI solutions. Crowd workers label data in exchange for real-time cryptocurrency payments. Data scientists and AI developers then use these datasets to train neural networks and build applications or customize solutions for specific business needs. The Dbrain platform integrates the entire AI application lifecycle into a single product, automating most of the human-in-the-loop workflow.
Dmitry Matskevich, Dbrain's CEO and co-founder, said, "Our solution is a great fit for what ChronoBank is trying to achieve. We are thrilled to be part of ChronoBank's vision to revolutionize the recruitment space. We will be working closely to develop the employee scoring system."
ChronoBank and Dbrain will use Dbrain's AI to create productivity scores for workers. Dbrain will evaluate employee information and train neural networks to produce scoring intelligence. The resulting metrics will be more trustworthy than anything currently available on the market, allowing employers on ChronoBank's labor exchange to hire workers with greater confidence.
ChronoBank raised $5.4 million during its initial coin offering and has begun launching its LaborX exchange. Dbrain secured $2.5 million in seed funding and released an alpha version of its platform, which includes a web interface and a Telegram bot.
