Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Key HR and blockWRK Partner to Bring Crypto Rewards to US Employees

CryptocurrencyNov 22, 2021 01:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Key HR and blockWRK Partner to Bring Crypto Rewards to US Employees

  • Key HR and blockWRK are partnering to bring crypto rewards to US employees.
  • Employers can set goals for employees, once fulfilled, employees will earn WRK tokens.
  • WRK tokens can later be converted to USD via a Visa (NYSE:V) debit card.

Key HR — a Florida-based payroll and professional employer organization and blockWRK — issuer of the federally-approved WRK token and have struck a partnership. This means that the two will work together to bring greater benefits to the working population of the United States.

Specifically, the partnership grants blockWRK’s platform to access Key HR’s B2B client base. The former uses smart contracts to give employees crypto rewards for meeting daily goals set by company management. More so, it features robust telehealth functionality for injuries as well as mental health counseling which provides employers with a valuable array of benefits.

Known for its professional employer organization, Key HR brings a lot to the table. For instance, it offers payroll processing, HR outsourcing, insurance, and benefits to thousands of employees from hundreds of companies across the USA.

The HRO Executive at Key HR — Scott Hanson, says,

“We believe that BlockWRK’s solution sets the new benchmark for the entire payroll services industry. BlockWRK offers companies a fair and transparent rewards model built on an advanced technological stack and brings a robust set of extra features to the table. We can easily imagine a platform like this used to manage the agile workforce of the future.”

Now, by working with blockWRK, Key HR is providing employers and employees with a whole new suite of benefits and tools. In fact, this comes in a single app that will revolutionize the way employees are managed, retained, and incentivized during the post-COVID era.

During the Covid-19 lockdowns, much of the U.S. workforce was demotivated and burnt out. In particular, research points at increased risk of severe stress with a decrease in the capacity for sustained attention, more so for those working remotely.

In fact, about 4.3 million US employees resigned from their positions in August. This highest number on record is taken from official figures that came out in October, according to the Bureau of Statistics.

Thus, this partnership will help alleviate the ever-growing pressure for employers to retain their talent and manage a spontaneously decentralized workforce. On this, blockWRK leverages blockchain technology to improve employee retention along with HR management.

Likewise, the CEO and founder of blockWRK — George Mylonakis, adds,

“With this partnership, BlockWRK is taking tangible steps to revolutionize the future of payroll, and we couldn’t be more excited to have Key HR as a partner in this endeavor. BlockWRK gives employers a turn-key solution to revolutionize employee incentivization and maintain a happy and healthy workforce. Our partnership with Key HR allows us to rapidly onboard tens of thousands of employees as new users, and serves as the model for how blockWRK intends to grow our user base through industry partnerships moving forward.”

To name a few perks, employers can set up daily goals for employees via the BlockWRK platform. These could include on-site safety assessments, completing business-related KPIs, or logging 10,000 daily steps via FitBit. The latter helps in linking employee wellness to improve both mental and physical wellbeing.

More so, every employer can customize the rewards programs to meet the specific needs of their business. Moving on, once a goal is met, the smart contract will automatically reward the employee with the native WRK token. Later, if desired, the employee can convert the WRK into USD via a Visa debit card.

Furthermore, the app also lets employees gain up to $200 from their next paycheck. They can get this as an advance for a flat $5 fee along with a 0% APR. Adding on, blockWRK’s features also come with the AI-enabled injury checker as well as a free 24/7 mental health counseling line. Lastly, more features will come in 2022.

Continue reading on CoinQuora

Key HR and blockWRK Partner to Bring Crypto Rewards to US Employees

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email