- January 28, 2019
- Posted by: Sage Shield Safety Consultants
- Category: Overseas Occupational Health And Safety News
A New York-based Blockchain software application business and the leading Ethereum incubator, ConsenSys, is reportedly entering into a collaboration deal with Harvard University and world’s largest maker of iconic jeans Levi Strauss & & Co. to bring Ethereum-based innovation into the workplace.ConsenSys made the announcement yesterday on their main Twitter account. According to the tweet, the collaboration is focused on using blockchain-based options to expand health and wellness in the workplace. The tweet reads:”A #blockchain system will assist supply a workforce-wideview of factory conditions and specific health and well-being, a crucial step in a transparent examination of working conditions and aspects contributing to productivity.” Three Mexico-based business will be the first to utilize the survey established by Harvard University. The study will be held every year to examine work environment safety and health. “Supplying a secure, standardized, auditable, and transparent
platform through which worker survey information can be aggregated and evaluated will be possible with this solution,”Tomicah Tillemann, founder of the Blockchain Trust Accelerator (BTA ), stated in a statement.Ethereum platform enjoys high adoption The news comes at the back of a crypto market meltdown that reduced the rates of nearly every digital token on the charts. Ethereum, which is at the center of the brand-new partnership between ConsenSys, Harvard and Levi Strauss & Co., saw the bear bringing its price down listed below the $100 mark in December last year.Despite the bearish market, the user base of the smart contract blockchain platform has actually increased substantially, and the structure supporting the system has actually reinforced quite noticeably. These are no mean tasks by any stretch of the imagination.Adoption, by traditional institutions like Harvard University, is considered good for the second
largest cryptocurrency by market cap.