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Hiring employees is time-consuming and expensive. It takes an average of 27 days for a restaurant to onboard a new employee in the United States and 33 days for a retailer to do the same.¹ It also costs about $4,000 per hire.² Meanwhile, prospective employees are burdened with filling out the same inefficient, bureaucratic paperwork each time they secure a job, even though their employment details rarely change.

Using the world’s first smart employment contract on the blockchain, Emparta provides the infrastructure for instant employee onboarding and payment in cryptocurrency, which third parties can also use in their own platforms. Employers can identify, select, and onboard employees in a matter of minutes, rather than weeks. It simplifies the hiring process for everyone, providing a clear, compliant, and efficient way for two parties to engage in employment — effectively removing paperwork and administration for employers and employees. By cutting out inefficient intermediaries such as labor-hire agencies and gig-economy platforms, Emparta creates an efficient, trustless, digital environment that brings employers and job-seekers together and elevates the hiring process to a smart new art. …

Emparta

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