Deep Tide TechFlow News, on June 17, according to Cointelegraph, former OpenAI employee Joey Bertschler founded the blockchain-based instant payroll system Volante Chain. The platform allows employees to access their wages on the same day they work, without having to wait until the end of the month.
Bertschler stated at the Germany Blockchain and Artificial Intelligence Week event that Volante uses blockchain technology to achieve seamless record keeping and reduce costs to maintain low transaction fees. The system also incorporates artificial intelligence to predict employer default risks, operating in a semi-automated mode that includes human oversight and legal review.
Currently, Volante has raised about $2 million from private investors and is conducting small-scale tests in Vietnam and Japan. Bertschler's departure from OpenAI was partly due to dissatisfaction with the company's policies; he criticized OpenAI's promotion restrictions on non-U.S. employees and the increasingly closed nature of its operations.