Image default
Blockchain News

Harvard and Levi Strauss Join Hands to Establish a Blockchain-Based Factory Safety System

Add

According to a report by Reuters on January 24, Levi Strauss (American clothing company) has along with Harvard University has co-announced their collaboration with the New America think tank in order to develop a safety system based on blockchain technology. According to the new system, the objective is to gradually replace external factory health and safety auditors using an infrastructure which is self-reporting by the workers.

The director of Harvard T.H. Chain’s Sustainability and Health Initiative for Net Positive Enterprise, Dr Eileen McNeely stated that ‘For the last 25 years, work in supply chains has been monitored mainly by audits… A distributed system of inquiry on the blockchain that goes right to the source offers a new solution.’

According to reports, three Levi Strauss factories with a workforce of 5,000 workers located in Mexico will be the first to use the system this year. The system intends to put an annual safety survey on a blockchain. Reports also suggest that the next pilot is planned for the year 2020. Harvard T.H. Chan School of Public Health will design an index which will be used for the survey. The executive director of Blockchain Trust Accelerator, Allison Prince, said that storing the results of the survey on blockchain essentially means that ‘the results will never be manipulated.’

Reuters also stated that ConsenSys (Blockchain company) owned by Joseph Lubin would be providing the blockchain. The report also mentioned that the United States State Department grant is funding the development of the system. As reported earlier, ConsenSys fired off about 10 per cent of its staff from both technical as well as support roles. It was in the month of December last year when reports surfaced stating that the company was going to lay off 50-60% of its staff.

Add

Related posts

Tennis Veteran Serena Williams Invests in Major Crypto Exchange – Coinbase

Moeen Khan

SIX Swiss Exchange to Launch New Blockchain-Powered Digital Exchange

Moeen Khan

Committee setup to decide the future of Bitcoin ban in India

Moeen Khan

Leave a Comment