NEW YORK, Jan. 31, 2020 /PRNewswire/ -- On the day when Coronavirus was declared a global health emergency as threat rises outside China, TransparentBusiness communicated to the Chinese Ambassador to the United States and his staff its offer of a free grant of one million dollars in TransparentBusiness licenses.

Remote work, which TransparentBusiness facilitates, used to be a matter of convenience and financial savings; in China, it has become a matter of containing a pandemic; a matter of life and death.

Alex Konanykhin, CEO of TransparentBusiness

Tens of millions of Chinese residents who can work from home using TransparentBusiness are instead required to commute to offices and congregate there for a large part of the day, which unnecessarily increases the speed of the virus spreading in commuter trains and buses and in offices. Conversely, reducing the number of commuters and office workers slows down the rate of the spread of the virus, which matters greatly given the exponential nature of virus propagation. For example, 2^10 = 1024, whereas 3^10 = 59,049, 57 times more.

TransparentBusiness is even more needed in the cities where all transportation is banned. Shutting down productive work in the city for an indefinite period of time is devastating to the national economy, businesses, and individuals. For businesses in such cities, TransparentBusiness would be the way to coordinate the efficient work of home-based professionals.

China has imposed a transport ban around the epicenter of a deadly virus, restricting the movement of some 41 million people in 13 cities as authorities scramble to control the disease.

The World Health Organization declared the coronavirus outbreak a public health emergency of international concern on January 30th, as the first person-to-person transmission of the virus was reported in the U.S. The virus has sickened more than 9,500 people and killed 213, mostly in China's Hubei province, which surrounds Wuhan.

"We are also reaching to the government Chinese decision-makers on the national, provincial and municipal level, offering free use of our platform," said Alex Konanykhin, the CEO of TransparentBusiness. "While we incur costs related to this assistance, we see it as our responsibility to provide our solution for positive social impact." Previously, the White House announced TransparentBusiness' one million dollar donation to the refugee support program presented by President Obama to the Heads of States during the U.N. General Assembly of 2016.

TransparentBusiness' SaaS platform is designed to empower corporations and government agencies to increase their vendors' productivity, protect them from overbilling, allow coordination and monitoring of remote workforce, and provide real-time information on the status of budget spend and projects.

About TransparentBusiness:

Designated by Citigroup as the "Top People Management Solution," the TransparentBusiness.com platform greatly increases the productivity of remote work, protects from overbilling, allows for easy monitoring and coordination of geographically distributed workforce and provides real-time information on the cost and status of all tasks and projects - see kmgi.us/tb. TransparentBusiness is an Integrated Partner of ADP.

TransparentBusiness' shareholders include Telefonica, as well as the current and former executives of the SEC, Morgan Stanley, Merrill Lynch, J.P. Morgan, Stifel, Bank of America, Barclays Global Investors, UBS, Wells Fargo, Goldman Sachs, Citigroup, Trust Company of the West, Deutsche Bank, CA Technologies, Airbus and Accenture.

For more information, contact Andrew Winn at [email protected] or (510) 332-1521.

SOURCE TransparentBusiness