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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

ConsenSys is Partnering With Harvard: a Big Milestone For Ethereum in the US?

Tony "The Bull" Severino
Tony "The Bull" Severino
6 years ago
3 mins read

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Blockchain tech firm and startup incubator ConsenSys will be collaborating with the likes of Harvard University, self-proclaimed “think tank” New America, and iconic denim brand Levi Strauss & Co. on a new initiative to bring Ethereum-based blockchain technology into the workplace in an effort to improve the overall health and safety of workers.

The news could also potentially further legitimize Ethereum in the United States by being at the center of the collaboration.

Harvard’s Workforce Well-Being Program Partners With Levi’s and ConsenSys

ConsenSys, an Ethereum-focused blockchain firm that’s struggled during the current bear market, is partnering with San Francisco-based American clothing brand Levi Strauss & Co., New America, and the Harvard T.H. Chan School of Public Health on an initiative that uses blockchain to provide additional transparency into the health and work conditions of the employees working for Levi Strauss.

The project, funded by a grant from the U.S. State Department, will host a survey on the Ethereum blockchain that will help executives evaluate the work environment at factories operated by the clothing brand. Workers will be required to self-report annually, providing valuable insight to Levi Strauss. The survey will be rolled out to three of Levi’s factories in Mexico and serve some 5,000 employees, according to Reuters.

Related Reading | ConsenSys and Amazon to Launch Ethereum Marketplace for Enterprise Blockchain

The survey itself was developed by Harvard’s public health school that focuses on “sustainability and health” for the benefit of both businesses and their employees, while the blockchain tech will be provided by the Joseph Lubin-led ConsenSys.

The collaboration was first revealed by Lubin in a tweet, explaining that the goal of the project is to “replace outside auditors” at factories, helping save money, increase transparency, and to gain invaluable insight into the work conditions of factory workers. The inclusion of blockchain technology and Ethereum’s immutable ledger ensures the results of the survey cannot be tampered with.

Ethereum Gets a Vote of Confidence By Harvard and Major US Corp

Ethereum has taken a beating during the current bear market, falling as much as 94% from its all-time high of nearly $1,400 before rebounding to current prices. It’s caused many to question the long-term validity of Ethereum as a platform for smart contracts, however, Ethereum has merely been a victim of the fallout from the initial coin offering boom.

Using the ERC-20 standard, companies began launching new tokens on Ethereum’s blockchain via initial coin offerings en masse, accepting Ethereum in exchange for the new token. However, when the market turned ICO treasuries began liquidating their holdings in order to fund future operations alongside scorn investors panic selling, causing a snowball effect in Ethereum’s price decline.

Related Reading | Research Reveals Interesting Results On ICO Related Ethereum Price Swings

However, this new partnership with one of the world’s most prestigious universities, a major U.S. clothing brand known for its iconic jeans, and having received funding from the U.S. State Department shows that Ethereum’s base technology is just as legitimate as ever.

The vote of confidence and major milestone for the number three cryptocurrency by market cap should spark new interest in Ethereum, both as an asset to invest in, as well as a technology with untapped potential and well-deserved merit.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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