THELOGICALINDIAN - Blockchain tech close and startup incubator ConsenSys will be accommodating with the cast of Harvard University selfproclaimed anticipate catchbasin New America and iconic denim cast Levi Strauss Co on a new action to accompany Ethereumbased blockchain technology into the abode in an accomplishment to advance the all-embracing bloom and assurance of workers
The account could additionally potentially added legitimize Ethereum in the United States by actuality at the centermost of the collaboration.
Harvard’s Workforce Well-Being Program Partners With Levi’s and ConsenSys
ConsenSys, an Ethereum-focused blockchain close that’s struggled during the accepted buck market, is partnering with San Francisco-based American accouterment cast Levi Strauss & Co., New America, and the Harvard T.H. Chan School of Public Bloom on an action that uses blockchain to accommodate added accuracy into the bloom and assignment altitude of the advisers alive for Levi Strauss.
The project, adjourned by a admission from the U.S. State Department, will host a analysis on the Ethereum blockchain that will advice admiral appraise the assignment ambiance at factories operated by the accouterment brand. Workers will be appropriate to self-report annually, accouterment admired acumen to Levi Strauss. The analysis will be formed out to three of Levi’s factories in Mexico and serve some 5,000 employees, according to Reuters.
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The analysis itself was developed by Harvard’s accessible bloom academy that focuses on “sustainability and health” for the account of both businesses and their employees, while the blockchain tech will be provided by the Joseph Lubin-led ConsenSys.
The accord was aboriginal appear by Lubin in a tweet, answer that the ambition of the activity is to “replace alfresco auditors” at factories, allowance save money, access transparency, and to accretion invaluable acumen into the assignment altitude of branch workers. The admittance of blockchain technology and Ethereum’s abiding balance ensures the after-effects of the analysis cannot be tampered with.
Ethereum Gets a Vote of Confidence By Harvard and Major US Corp
Ethereum has taken a assault during the accepted buck market, falling as abundant as 94% from its best aerial of about $1,400 afore airy to accepted prices. It’s acquired abounding to catechism the abiding authority of Ethereum as a belvedere for acute contracts, however, Ethereum has alone been a victim of the fallout from the antecedent bread alms boom.
Using the ERC-20 standard, companies began ablution new tokens on Ethereum’s blockchain via antecedent bread offerings en masse, accepting Ethereum in barter for the new token. However, back the bazaar angry ICO treasuries began liquidating their holdings in adjustment to armamentarium approaching operations alongside contemptuousness investors agitation selling, causing a snowball aftereffect in Ethereum’s amount decline.
Related Reading | Research Reveals Interesting Results On ICO Related Ethereum Price Swings
However, this new affiliation with one of the world’s best celebrated universities, a above U.S. accouterment cast accepted for its iconic jeans, and accepting accustomed allotment from the U.S. State Department shows that Ethereum’s abject technology is aloof as accepted as ever.
The vote of aplomb and above anniversary for the cardinal three cryptocurrency by bazaar cap should atom new absorption in Ethereum, both as an asset to advance in, as able-bodied as a technology with beginning abeyant and well-deserved merit.
