Market Overview

Experienced Silicon Valley Tech Founder Joins Blockchain Startup WorkChain.io as CEO

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In a bold move, founder and CEO of venture-backed Humanity.com has
stepped down to take on the CEO role at blockchain startup WorkChain.io,
leading the company's charge to create instant payroll on the blockchain.

Fyfe has spent the past decade as founder and CEO of Silicon
Valley-based Humanity.com. The software he created at the company is now
used by millions of employees in more than 40,000 organizations
worldwide, including CNN, Safeway, Lyft and Nike.

WorkChain.io, the company Fyfe is set to lead, is using blockchain
technology to automate payroll in real-time to give employees instant
access to their earnings, reshaping the multibillion-dollar payroll
industry in the process.

"I've seen first-hand how fundamentally broken the payroll system is.
We're still getting paid like we live in the Industrial Age," Fyfe said.

"Waiting two-to-four weeks to get paid simply makes no sense today. We
work, eat, watch TV and do just about everything else on-demand, yet we
still don't get to choose when we get paid. WorkChain.io will use
blockchain technology to provide more financial control to anyone who
receives a paycheck, letting them decide when they get paid – even
instantly."

Prior to taking the helm at WorkChain.io, Fyfe bootstrapped Humanity.com
to initial revenue before attracting $13 million in funding. The company
has since grown to more than 150 staff globally and become a
market-leader.

Fyfe made the decision to leave the company he founded in 2009 despite
its continued month-on-month growth and strong profitability.

"I've had an amazing ten years at Humanity.com. Joining WorkChain.io is
a return to my entrepreneurial roots. It'll be a part of a world-class
team that has the potential to transform the way people get paid, which
hasn't materially evolved for centuries," Fyfe said.

Fyfe previously led WorkChain.io's $250,000 seed round and was also a
board director prior to becoming CEO. He will lead a growing,
experienced team of 20 staff at WorkChain.io.

WorkChain.io has already launched its first products workID and workPAY.
Through upcoming integrations, one million-plus users will be connected
through the WorkChain.io blockchain network.

About WorkChain.io

WorkChain.io uses blockchain technology to bring payroll into real-time.
It gives employees instant access to their earnings through real-time,
automated payroll.

Learn more at workchain.io
or download Press
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