Every 15 seconds a worker dies due to work related accident or disease, leading to 2.3 million workers death annually. A staggering 4% hit to global GDP annually amounting to around 3 trillion USD. According to latest “Cost to Britain Statistics” by HSE-UK, the major cost of work-related accidents and diseases is born by the individuals, that amounts to on average £9.56bn annually. In Great Britain an estimated 16,400 workers withdraw permanently from the labor market annually as a result of a workplace injury or work-related ill health.
Safety Token offers a subscription based Industrial Consultancy Platform which would be operated using Safety Token. Industries would earn Safety Token by submitting their Safety Credit Score in the marketplace. Each improved Safety Credit Score would be eligible for Safety Tokens. It would motivate the industries and the business owners to invest in their workers’ health and safety programs not considering it just a liability, but as a return on investment gig. Companies with improved Safety Performance and good Safety Credit Score would also be eligible to get funding for their urgent and critical safety projects, through community funding on SAFETY TOKEN platform.