The founders of WorkChain.io, Ivan Petrovic and Ryan Fyfe, have both previously founded market-leading software companies in the workforce management sector.
Through their combined dealings with millions of employees across more than 40,000 workplaces, they witnessed firsthand how complex and slow payroll processes still are, each concluding that there must be a simpler way to do payroll. A way that gives employees instant access to their earnings and employers a more efficient way to process payroll.
Understanding how proof of work records are created well before payroll is actually processed, they had ideas about how the process could be sped up and simplified. While the traditional methods of processing payroll and bank transactions are walled gardens, the rise of the blockchain and low cost, instant blockchain-based payouts, Ryan and Ivan saw the opportunity to leverage this to solve the problem of slow traditional payroll processes.