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Time is Money as Alternative Banking Moves to the Blockchain

December 10, 2016

Source: CoinDesk

 

A new project is seeking to adapt the adage 'time is money' for the blockchain age. Loosely based on a system called time banking, invented in the early 19th century, Sydney, Australia-based Chronobank is working on issuing blockchain tokens (similar to bitcoins on the bitcoin blockchain) that would allow labor hours to be used as a currency.

 

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