[OFFICIAL] ETCH TOKEN SALE: REAL-TIME PAYROLL AND REMITTANCE PLATFORM

[Etch_Work]

Introduction

Etch Token Sale begins 18th September: Sign up for details: https://etch.work

Token Info

The distribution is anticipated to last for 30 days, commencing on September 18, 2017, at 6 PM BST, and completing on October 18, 2017, at at 6 PM BST.
ETCH will accept contributions only in Ether.                  
Hard cap of £5m, or 25,000 ETH fixed at £200.         
No min cap.
Token name is ETCH                  
Total amount of ETCH issued is 100m.
Total amount of ETCH distributed in public sale is 40M.   
20m ETCH tokens locked by Foundation for 12 months.      
1 ETH = 1,600 ETCH Tokens.

Etch have two types of tokens, the ETCH token which companies will pay with in order to run our platform. The second type of token in a “stable” token. One that is pegged to fiat GBP/USD/EUR which companies use to pay their employees.


Statement of the problem

Payroll is an antiquated, inefficient system in which a lack of innovation is having a detrimental effect on both businesses and their employees.

Employers - It is subject to time-sensitive compliance requirements. Performing this in-house has a high associated time and cost, outsourcing payroll has a high financial and possible security cost. In either case, getting it wrong is often a source of disputes with employees and creates unnecessary friction around working relationships.

Payroll is an HR issue as well as an accounting one and is an inefficient use of any manager’s time, keeping track of employees hours, performing tax calculations and other data entry tasks. A lack of visibility and workforce data prevents managers from making the best decisions for their company.

A lack of data and visibility of business operations is an inherent risk for any business. It is also an impediment to their ability to gain front-end financing and receive good access to credit to continue and expand business operations.

Employees - Approximately ⅓ of employees in the UK and ½ of workers in the US and Canada live paycheque to paycheque. That percentage is consistently high even across other developed nations. It is clear that financial security is very low even in “wealthy” countries. This means getting paid late or the wrong amount can be very strenuous for people who are already struggling to make ends meet. The disputes which arise from this can cause further friction at work and lead to a breakdown in working relationships, contributing to reduced productivity for employees and businesses. The cost of finding and training a new employee can cost over 40% of their annual salary, depending on the role.

Many workers are also migrant workers who are supporting families back home. The World Bank reports that global remittances are expected to rise to $444bn in developing countries These families needing support not only have to wait for their primary earner to be paid but also might lose another week and a significant transaction fee to a remittance service.

Employees are paid monthly because that is the most convenient format for the financial institutions processing transactions. In fact, all society has been built up around that format, we pay bills and subscriptions monthly etc. This isn't necessarily the best way to do things. It was the most convenient way to do things based on what was technologically possible. It is clear to see how this model breaks down and is an impediment to the development and prosperity of society.  

Our proposed solution

We are building the world’s first blockchain payroll platform which uses smart contracts to stream wages and remittances in real-time.

Employers can use our platform to manage payroll and generate workforce analytics providing new insight into how their organisations are running.

Employees will have wages streamed to them in real-time and be able to access their personal account from their mobile device to manage finances and send remittances to their family.

The blockchain being an accounting technology is excellent to use for payroll. It provides security, immutability and an audit trail, in addition to reducing time and cost of payroll when compared to traditional systems. Etch is built on the ethereum blockchain so we can use smart contracts to stream wages and remittances in real-time.

In addition to reducing time and cost, this extra visibility and improved accounting provided by our platform will give businesses an informational advantage and make them more attractive to potential creditors and investors.

Blockchain technology allows us to improve on the entire working relationship employers have with their employees in a way that has previously been technologically impossible.

Etch have considered the entire value chain of this working relationship and intend for it to become one seamless experience. We have identified that by designing an end to end experience with payroll at its centre, we can provide the greatest value to every business, employee and their family.

Fig 1. below shows how the payroll will work on the blockchain, how taxes are automatically deducted for businesses and how the money then flows to the worker.

Fig 2. Demonstrates the relationship between fiat and the EtchPay token.


https://imgur.com/HxNEhRT

Streaming wages and remittance in real-time

Consider how streaming movies, music and other content has changed the world in the past 10 years. Creating a more convenient, customer-centric medium for people to receive services has completely wiped out old industries. The likes of Netflix, Spotify and YouTube have grown rampantly.

Imagine what effect that could have when applied to something more fundamental to our lives like getting paid. For example, you could be broke and hungry on Monday morning but then have money in your account to buy lunch by midday. Or in the middle of the month, your car breaks down, you’re hit with an unexpected bill or school uniforms costs more than you anticipated. How it will benefit people not needing to rely on a payday loan to make ends meet and risk that debt trap. Having the peace of mind that you are getting paid what you're due and you don't have to worry about your employer paying late / the wrong amount / going bankrupt and screwing you for what you're owed.


Benefits of our solution

For Employers

• No duplication of data - fill in our smart contract once
  No need to sign off payroll
  Make money by sharing merchant fees with employees
  No need to pay 3rd party to run payroll
  Reduce payroll disputes with employees
  Comply with HMRC obligations - deductions locked in a smart contract
  Save money by reducing administrative burden. Use IoT devices to confirm sign in and location of workers
  Improve cash flow by issuing your own credit on the Etch platform (subject to credit rating and underwritten by insurance policy)
  Increased visibility and workforce data for managers

For Employees

• Money will flow into your Etch wallet every second of your working day
  Buy lunch with money earnt that morning
  Make money by sharing the merchant fees with your employer.
  Budgeting and escrow services for rent, loan repayments etc.
  Get second card for a family member home or abroad - a percentage will flow into their account in real-time too.
  No need to have a bank account - the Etch Pay Card is accepted in millions of locations worldwide
  

https://imgur.com/a/LCclC

Technology Roadmap


Phase 1

Blockchain based straight through processing
Smart contract for wage payments
Web interface for employers
Web analytics for employers
Etch Pay card for employees

Phase 1 of Etch will involve getting automatic payroll processing right along with a web interface for our dashboard and then introduce the Etch Pay cards. This will mean employees are not only paid in real-time but, every time an employee spends money with their Etch card, they get paid back a small percentage of the merchants' fee, along with their employer. So employees are effectively paid slightly more than what their wage should be, while employers pay slightly less.

Phase 2

Mobile interface for employees
Web dashboard for employers
IoT beacons

The second phase of this development will involve releasing a mobile app for monitoring payroll and finances, in addition to the introduction of IoT beacons which can measure employees identities and location. These beacons can use movement information from a mobile phone’s accelerometer and connect to their Bluetooth / WiFi. Depending on the nature of the job or site location, these could also be low-cost secure hardware beacons which companies can rent out from us.

We will ensure we can scale customer support as we go about designing a mobile interface that can be intuitively navigated by people of all skill levels. The number of individual people who potentially need to be supported will increase considerably when we introduce the ability for employees to monitor their own finances via an app.


Phase 3

Performance-based contracts

The third step of our technological development involves enabling performance-based contracts in addition to time-based ones. Performance-based contracts are technically possible, however, will greatly increase the complexity of the project. These contracts can encompass a wide variety of criteria for transactions and will require extensive testing, so it is important we deliver a great MVP which is well supported and generating revenue, prior to focusing resources on this objective.


Pilots

We have successfully run our first pilot at a construction site in Oxford using the blockchain logic and web interface for calculating wages to be paid to employees during the project.

A second pilot is being agreed.


Business Model

Etch acquire B2B clients via our payroll platform. We are the only payroll platform built with blockchain technology and offer significant advantages over traditional systems.

Etch acquire B2C customers for our EtchPay card when employees receive their salaries this way. Our B2C customers are the employees and potentially their families who would like to receive real-time remittances.

Many FinTech’s struggle to acquire new customers because they are competing over marginal benefits on financial services when, unfortunately, the majority of people don’t actually have much cash or any savings in the first place.

With our model, we acquire several types of customer and capture multiple revenue streams with our superior offerings.



Services Etch provide:

1) Companies use our platform to create 1-1 GBP stable payroll tokens.

2) Companies use our Bluetooth digital employee timesheet.

3) Companies pay for our "straight through" payroll system.

4) When employees spend their wages, Etch will share a % of the merchant fee.

5) When employees send remittances back home, we earn a small fee on exchange rates.

6) When employees use our budgeting and escrow services for rent, bills etc.



Etch Team

Management Team

Euros Evans - https://twitter.com/@euros

Euros has spent over 20 years in the construction industry. First as an apprentice builder with his Dad before studying to become an Architect. He built the first real estate website in the world in the spring of 1993. 20 years later, discovered blockchain. In realising its potential, set up NOMAN ventures in 2015 and built a 1000 strong community around it. Over the next two years, Euros forged strong relationships with the people who he would eventually ask to join him on his next project, Etch.

Tomasz Mlodchuwoski - https://www.linkedin.com/in/tomaszmloduchowski/

Tomasz attended MIT from the age of 16 where he studied computational physics and supercomputing. Having worked on a number of defence and technology projects, Tomasz has been involved in the Bitcoin and Blockchain space since 2009. He is a technology consultant for a number of financial institutions and is on the technical committee for the Construction Blockchain Consortium. https://constructionblockchain.org

Joshua Richardson - https://www.linkedin.com/in/josh-richardson/

Joshua has been a blockchain engineer for 1.5 years at a London consultancy, who also deployed his first commercial software age 13. After winning a hackathon in early 2016, Tomasz approached Josh to work with him and they have continued to work together since.

Denis Lukianov - https://www.linkedin.com/in/denis-lukianov-9232834/

In 2013 Denis created a prototype Bitcoin futures exchange in 5000 lines of code. He has also invented Compact Confidential Contracts in 2015 and volunteers at Bitcoin Core to help ensure the security of their code. Denis and Euros bonded as fellow Welshmen in London, of which there are arguably too few.

Ben Whyte - https://www.linkedin.com/in/ben-whyte-b4060145/

Ben is an entrepreneur who has started his first business age 14. He supplemented his income working on building sites, pouring drinks and scrubbing toilets before graduating with a 1st degree. Then becoming cash flow independent between his 4th and 5th businesses. He wrote a paper on The Social Implications of Bitcoin in 2013 and been a friend of Euros and a part of the NOMAN community since 2015.


FAQ’s

1) Who on the general contractor side really wants this? In most places the game of "general contractor" = screw as many people by not paying them as possible (and do a lot of stuff off the books).

We empower the honest general contractors to use their honesty as a competitive advantage. Both in soliciting deals, providing visibility of performance and retaining the most reliable and competent employees.

In a world without Etch, it is rational to screw as many people as possible as there is no way to monetise fair behaviours. Clients assumed that the contractors are all equal, and employees have minimal visibility regarding whom they prefer to work. Both sides are able to provide a premium for that transparency.




2) This assumes the ability to pay upfront and not the 90,120, 180-day net terms that are the industry norm. Where are these contractors going to suddenly get the cash to pay as they go? Do you have a front-end financing service? Or offer an invoice factoring tool?

The contractors get cash from their clients or financing services who are willing to offer better terms due to the additional transparency and security created in the process.

Etch platform lowers the inherent risk present in offering financing services or invoice factoring, by providing visibility into actual contract performance. We currently do not offer financing services, but we are aware that we have the valuable dataset for such an effort, and with the teams’ experience in the Trade Finance segment we’re well positioned to entertain partnerships and retain significant value.



3) One of the lessons everybody learnt early on in construction is that you pay for progress, not for hours. I would lead with the pay by job mechanism... possibly then going to a discussion of how the subcontractors could use this tool to pay labour.

I understand where you’re coming from and it’s an avenue we considered. Paying per job isn’t as large a revenue stream as constantly running a payroll service with multiple revenue streams. By taking the payroll route, we can solve business, employee and government problems with greater flexibility around how we can continue building Etch.

Here’s a good clip of Ant Antonopolous discussing the impact streaming wages/remittance could have: https://www.youtube.com/watch?v=gF_ZQ_eijPs&feature=youtu.be&t=1048



4) This looks like a tool that mainly Unions would love.... Are Unions endorsing this tool/token?

Not yet. Improved Employee retention, visibility, reduced impact of payday loans and improved financial security are all issues which unions care about and would like to address. Our PR team are approaching Unions but a lack of understanding of blockchain technology coupled with lack of pre-existing union contacts is a hurdle. We are going through our networks to gain introductions which can open doors.


5) What is the real cost to set up at a job site? Please tell me it is as easy as them labourer snapping a digital picture of him/herself at the job site and then using the geocaching data + facial recognition as proof of presence. Anything costing more than free and off the shelf is going to be a problem.

The real cost varies depending on the size of the payroll department and site managers job. You can see how a site manager would use our platform in the pre-alpha demonstration on our website. That in itself has a reduced time and cost in comparison to traditional payroll systems.

When we introduce the IoT and mobile interface element, employees will have their unique taxpayer reference identify them upon sign in. Then the mobile phone accelerometer/geocaching data will monitor their presence.

This will be free and standardised. One exception will be where a work site warrants secured hardware beacons rented out by us, to provide greater visibility and data in potentially adverse conditions.


6) Better yet, tell me it is free for employers to set up and the labour pays the micropayment fees. Seriously... then as a general contractor, I might start to like it.

It is free for employers to set up however we will not make labour pay the micropayment fees. We have a more mutually beneficial way to reduce their wage cost.

Etch will pay back a portion of card transactions fees which usually goes to the card processor, to both employees and employers.

We are agreeing on terms with a card processor so that wages can be spent directly from an Etch pre-paid card to make electronic purchases from merchants worldwide, with the aforementioned terms in place.

7) Understanding exactly who the target customer is.

We realise payroll is industry agnostic and depending on the industry, our target customer could be any site based business or contractor. While we focus on the construction industry, as you rightly pointed out, this needs to be defined better.

Etch creates the scope for contractors to have a competitive advantage by reducing their costs and improving access to and cost of credit lines. It’s another way to keep both clients and unions happy, with improved transparency and visibility, in addition to an improved working contract for employees.

I’m imagining this could even be a neat solution to new legislation like the modern slavery act, so there are many ways this could appeal to various stakeholders in addition to the businesses themselves.

8 ) I don’t see how tokens could come into the equation, and in all honesty, I fail to see how you could convince any tradesman to accept payment in a previously unheard of token. What are your thoughts on this?

Etch has two types of tokens, the ETCH token which companies will pay with in order to run our platform. The second type of token in a “stable” token. One that is pegged to fiat GBP/USD/EUR which companies use to pay their employees.

Etch has agreed on terms with a card processor so we can issue Etch cards that the tokens get paid to. The tokens will appear as GBP or whatever local currency they work in and when they spend the money, the card provider will settle transactions as if they were made in fiat.

So workers won’t really need to know about how to work in tokens or what that means. Just like they won’t have to know how blockchains work in order to use the mobile app. I hope this helps!

https://www.youtube.com/watch?v=9z3k8CbNmvM




Whitepaper: https://etch.work/static/files/Etch_White_Paper.pdf

Etch Team: https://etch.work/team

Interview with our CTO: https://www.youtube.com/watch?v=DDG-wVT1EP4

Construction Blockchain Consortium Members: https://www.constructionblockchain.org/

Contact ben@etch.work
      

[1715254265]

1715254265

[1715254265]

1715254265

[Etch_Work]

Etch first press release: https://app.etch.work/static/files/Etch_Press_Release_August_31.pdf

[Apened]

Its too early and how about the information about your whole summary of this ETCH? Instead of posting the link you should post some images directly so tge people wouldn't ask and accused it as a scam.

[Etch_Work]

Its too early and how about the information about your whole summary of this ETCH? Instead of posting the link you should post some images directly so tge people wouldn't ask and accused it as a scam.

Thanks for the feedback I'll do that now!

[Etch_Work]

Etch Token Sale is no longer on the 6th September - pushed back and TBA


Timely Innovation from Etch Produces World’s First Real-Time Payroll

Imagine if you could pay your employees and contractors in real time, second by second. This would
be visible via an app on mobile phones, which would also log users’ locations and working hours.

This revolutionary concept is becoming a reality thanks to the UK-developed Etch platform
(https://etch.work) which will be powered by the Ethereum blockchain.

Open distributed ledger blockchain technology is set to streamline business functions across the
globe.

Euros Evans, from London, who is a builder as well as a blockchain technology expert, is the CEO
and driving force behind the soon to be formed Etch Foundation.

Euros Evans (Left) with Aeron Buchanan who worked for the Ethereum Foundation
Euros Evans said, “The building and construction industries are notorious for late payments, which at
times can be due to the complicated payment structure, especially around subcontractors.

“This is unsatisfactory to both workers and to business stakeholders who want to work in the most
efficient way and aim to finish projects on budget and on time.

“Etch makes payments in real time possible so that people can literally be paid by the second. They
can be paid in their currency of choice, even allowing for part payment to a family member abroad in
a foreign currency. This is all thanks to an innovative payroll card that will be accepted in millions of
locations worldwide.”

The concept is being tested at a building site in Oxford due for launch on Tuesday September 5 2017.
Construction Lawyer Stephen Palley said, "Etch's smart construction contract technology has the
potential to be very helpful for industry participants - from owners, prime contractors and
subcontractors of all tiers to individual workers.

“I love the idea of reducing payment friction by providing real time remittance functionality. I am also
quite interested, long term, in the platform’s ability to automate many types of construction payment
and performances functions. It’s a great project and an impressive founding team."

Technology entrepreneur Ross Laurie said, “Payroll is a highly emotive subject and can be a source
of much distress for employees and contractors. This system can work in every industry with every
currency. The Etch system will be aligned to successful and ethical firms whose leaders wish to pay
people in a timely way with minimal paperwork.”

The Etch initiative will start in the £110Billion* UK building and construction industry, which represents
7 per cent of GDP and then roll out to other work streams.

Euros Evans added, “This is a world first and we want to deliver this quickly. The clock is ticking for
us on this initiative and we will move fast.”

Etch is the first approved ‘dapp’ (decentralised application) in the Construction Blockchain
Consortium (https://www.constructionblockchain.org) a group of leading UK champions of disruptive
technologies who are transforming the build environment.

The Etch team includes the CTO Tomasz Mlodchuwoski, a former MIT student of computational
physics, who is on the technical committee for the Construction Blockchain Consortium, blockchain
engineer Joshua Richardson, the inventor of Bitcoin Compact Confidential Transactions, Denis
Lukianov and digital entrepreneur Ben Whyte.

The team at Etch are passionate about governance and compliance and are receiving advice from
Paul Airley, a Partner for the law firm Fladgate LLP (https://www.fladgate.com/).

For further information, please see https://etch.work

Etch White Paper: https://etch.work/static/files/Etch_White_Paper.pdf

*Source: https://www.designingbuildings.co.uk/wiki/UK_construction_industry

Ends

High resolution images available on request. Euros Evans is available for interview.
For further information please contact Tina Fotherby on 0333 344 2341 or 07703 409622 or email
tina@famouspublicity.com or Olly Rolph on 0333 344 2341 or olly@famouspublicity.com.
Alternatively, please contact Euros by email: euros@etch.work.

About Euros Evans
Euros Evans spent over 25 years in the construction industry. First, he worked as an apprentice
builder with his father before studying to become an architect. He is registered with the NHBC and
between 2006 and 2014 was an investor in several property developments.

Always having an interest in innovation, in 1993 he co-founded the UK’s first student accommodation
website. Realising the potential of blockchain he set up NOMAN in 2015 and built a community of
800-plus, forging strong relationships with the people who have now become key members of the
Etch team.

[vankinhluan]

Wow. This might be interesting  I wish you all the best on this! 

[Etch_Work]

Thank you! Our first pilot has begun today so we're excited to be trying this out in a real life environment 

You can view a demo of the dashboard and app on: https://etch.work/media

[Retired]

When do you plan on launching the platform?

[Etch_Work]

Etch will now launch a month long token sale starting 18th September

[jtothew]

I've been researching Etch and can see you're running your first pilot and are potentially working on more projects within the CBC. If you're potentially rolling this out so soon how will you keep pace with possible growth and continue to scale well on the ethereum blockchain?

[Etch_Work]

Etch Scalability Requirements

The scalability of Blockchain projects is often criticised and a recurring question. As the
technology is nowhere near the maturity of 'web-scale' applications we have become accustomed to. With restrictions on; the block-size, transaction amount, the often
unrealistic assumptions on Ethereum Gas Price, and a host of other misunderstandings
of the reasons for such restrictions, we often face concerns whether any
Blockchain project or any ICO, can reach production performance.

Evidence Based Blockchain Scalability (EBBS):

To be comprehensively introduced on the technical blog in due time, the EBBS approach, in
a nutshell, is defined as; a functional transformation of cryptographic
evidence, leading to a predictable behaviour that can still be executed
outside of a consensus world (as all inputs into a cryptographic evidence are
of particular interest for a small number of participants) and only a smaller,
reduced set of activities are executed on-chain.

In Etch world, the unilateral statements are cryptographic confirmations of
work performed and wages due. These confirmations are of minimal interest to
the wider consensus, unless a dispute is in effect, and the worker disagrees
over the payment. Otherwise, these confirmations are forwarded to the payer
(which typically would be an employer as well), and cashed in. The act of
cashing-in should be a consensus activity - as it informs the wider network of
the substantial change in balances of participants.

We envision the 'cashing' to take place only when workers' available balance
is insufficient to cover the expected payment - at which point, the worker's
phone automatically collects all the evidence receipts and will attempt to convert
them into underlying fiat tokens. The conversion is intuitively performed
outside the chain (with on-chain processing as a more costly, and thus
undesired, backup) - and the final on-chain payment is made.

Blockchain Agnosticity

A key design criteria of all work performed by our team, is that we remain
flexible with the choice of underlying blockchain technology. This is
important as some environments we envision branching into, have requirements
pointing towards permissioned blockchains, while on the other hand, we remain
optimistic towards both evolutionary progress of scalability of Ethereum and
Bitcoin, divergent progress through forking, and revolutionary progress
through introduction of entirely new principles.

In that light, while we've selected Ethereum as our initial platform of choice
(predominantly due to the understanding of that platform within our pre-launch
backers), we're regularly testing the compatibility and economic rationales
behind operating partially on Ethereum Classic. Due to the teams' prior experience
with Bitcoin (predating Ethereum), as well as Coloured Coins, we also have a
roadmap for Bitcoin-world compatibility and each design decision is consulted
in a way to ensure the possibility of utilising Bitcoin as primary trust
anchor.

The team has come with the background of being able to work and review private
and permissioned blockchains. While no explicit work has been done on R3CEV's
Corda, OpenChain and HyperLedger Fabric, we maintain close ties with the
developer community and are able to assert the feasibility of migration
towards a private chain if a particular commercial partner so desires. The
economics of ETCH tokens will remain the same in that case, as the token is an
entitlement for a particular service, and can be consumed (privately) on the
private chain.

Finally, the work is closely related to the IoT and embedded world. Therefore,
we're keeping a close eye on non-pure systems, to evaluate their feasibility
as far as embedded evidence processing goes. As a security rationale, we also
monitor the progress of ZCash and related technologies in order to provide
additional shielding (current ZCash does not meet our requirements, however,
we encourage development towards a better fit).

Final Remarks

Bitcoin and Ethereum scalability issues are well researched and documented.
Many of these issues are political, as is to be expected in a wide and diverse
community. These can be mitigated unilateraly through technical means, and as
such are unlikely to present a long-term threat to scalability of Etch.

[hannahbanana]

Where's the link to the product overview video?

[Etch_Work]

Here is a youtube link to the Etch Alpha Platform Demo: https://www.youtube.com/watch?v=mlEBmMrEhPU&t=8s

Here is another link to an interview we did yesterday too :-) : https://www.youtube.com/watch?v=Yo8hbuktWkY

[jtothew]

How does the remittance service differ from other companies in blockchain?

[microtron]

This would be great for businesses who stay in one location, I can see why large construction projects would be the first industry that you go to. For future businesses would these beacons that you discussed in the interview be transportable so that lets say cruise ships could use them with their employees. I have a friend who had terrible luck working on the cruise ship because they can only withdraw money from on board, however because they only get paid every few weeks he missed out on the last part of his wage. So in this kind of situation this technology where you get paid on a moment to moment basis would be ideal.

[24Kt]

what country is your licence issued from and please post a copy!

[jarjar91]

Returning back to the days of old. Ironic isn't it that we have to get all high tech to revert to a similar model to how wages were done a few centuries ago

[Etch_Work]

How does the remittance service differ from other companies in blockchain?

It is different because we stream remittance by the second instead of treating it as a monthly event. Yes, remittances services are slow and expensive. Yes, blockchain technology can reduce the time and cost of the transaction considerably when compared to traditional services. However, that is only one small part of the problem to be addressed.

A migrant worker has moved abroad to find better opportunities to work and support their family. They do not want to send his family money one month after he starts work, minus a few days for processing the transaction and a significant remittance fee. His family needs support now. They need it today and they need it every day. If a worker sends one bulk transaction per month, there is a real possibility of unaccounted for expenditure - an unexpected bill, they get robbed, school uniforms cost more than they first thought. The family can't wait till the end of the next month for the worker to be paid again, they need the money today.

Etch are running a token sale to continue building a real-time payroll system which streams wages to the worker as they have earned it, they can simultaneously stream remittances to their family, providing greater security and flexibility for supporting families with remittance.

 

[microtron]

Any idea what the first field tests will consist of?

[microtron]

what country is your licence issued from and please post a copy!

I think it is mostly everywhere, I may be wrong though