Grain

GRAIN processes labor contracts on the blockchain, providing an instant payment mechanism for compensating workers. Blockchain technology is the perfect solution to streamline those processes around work agreements because:

• It’s flexible enough to allow for different types of agreements
• It’s transparent, so everyone remains aware of the agreements between and obligations of the parties involved
• It allows for cheap remittance of worker compensation
• Payments can be made instantly across currencies without high transaction costs

There are still many variables involved in work agreements that are country-, person- and situation-dependent (think of regulations, compliance, taxes. etc.). To ensure that GRAIN is a viable solution that works across the world, we will build it to serve as the basic infrastructure for transaction partners to process worker compensation agreements.

Transaction partners use Grain's protocol as their infrastructure to process work agreements on the blockchain. Flexentral is their first transaction partner. But very soon, They'll be able to announce new partners. Founding partner FleXentral is the first front-end solution that uses the Grain infrastructure. The enterprise workforce management solution received $1 million in seed funding and is currently in closed beta.