Token Details

Safety Token
The vision of Safety Token is to support and incentivize the efforts and investments of the companies which they put in to improve the worker’s health nd safety conditions, to motivate more and more employers towards improving their safety KPIs. Safety Token would offer a marketplace where the employers would be able to trade their Safety KPIs in terms of Safety Credit Score to buy Safety Token. These Safety Token would help them purchase all sorts of Industrial Consultancy Services on our platform and much more. Higher Safety Credit Score would also be eligible for project funding for Safety KPIs improvements.

The ILO estimates over 2.3 million work-related injuries and illnesses every year and over 6000 work related deaths per day. The human cost of this daily adversity is vast and the economic burden of poor occupational safety and health practices is estimated at 3.94 per cent of global Gross Domestic Product each year. The blame is most of the time on the poor safety conditions or negligence towards working conditions improvement by the business owners, which usually juggle between the shrinking gross margins, productivity improvement and cutting the overhead costs, which is the investment with no direct or quick ROI, such as investment on workers’ health and safety improvements. Safety Token team aims to support the business owners for easing the process of safety improvements in their workplaces by offering funding, consultancy support, and rewards through its token named “SAFETY”. Safety Token team will verify and propose suitable initiatives for specific industrial sectors with increasing global impact as well as would accept proposal for projects funding from the business owners. The blockchain technology will track and publish, in real time, all the contributions and financial reports of the initiatives. Contributors will be rewarded with Safety tokens, from the moment it has been completed and has improved the safety performance of a company. In fact, each successful project would improve the safety credit Score of the company which would be tradable for Safety Tokens on our marketplace. For community funded projects these Safety Tokens would be distributed among the community as reward