Levi Strauss & Harvard To Form Blockchain Factory Safety System.

Levi Strauss & Harvard To Form Blockchain Factory Safety System.

2019-01-25 | Selina Mathew

Levi Strauss & Harvard To Form Blockchain Factory Safety System.

In line with a recent news published by ‘Reuters’, American clothing company named Levi Strauss & Co along with Harvard University declared a collaboration with the New America think tank to form a blockchain factory safety system.

The new system aims to eventually modify the existing external industrial health and safety auditors with a self-reporting infrastructure by the work-staff Dr. Eileen McNeely, director of Harvard T.H. Chan’s Sustainability and Health Initiative for NetPositive Enterprise aforesaid, “For the last twenty five years, operations in chains has been monitored chiefly by audits... A distributed system of inquiry on the blockchain that goes right to the source providing a new answer.”

Three Levi Strauss’ industries set in Mexico employing over 5,000 staff can reportedly be the first to employ the system this year, another pilot is planned for succeeding year. The system can place an annual safety survey on a blockchain.

The survey can reportedly use an index developed by the Harvard T.H. Chan school of Public Health. Allison Price, chief executive of Blockchain Trust Accelerator at New America, aforementioned that using the survey results on a blockchain simply means “the results can never be manipulated.”

The blockchain would be allegedly offered by ConsenSys, the blockchain company launched by 'Joseph Lubin', one amongst Ethereum’s [ETH] original authors. In line with Reuters, the event of the system is funded through a grant from the U.S. State Department.

As reported earlier, recent layoffs at Consensys affected over 10% of its workers, together with staff both in support along with the ones in the technical roles. Even last Dec., reports surfaced, that the corporate is getting ready to further lay off additional 50% to 60% of its staff.

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