S A F E T Y P R O T O C O L : A U N I V E R S A L · * UN I nt ernat ional Labor O rganizat ion...

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A U N I V E R S A L S A F E T Y P R O T O C O L :a pioneering platform for safety

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TABLE OF CONTENTS1. INTRODUCTION The workplace safety conundrum Workplace safety - a new paradigm 2. THE SCALE OF THE PROBLEM 3. THEN AND NOW Safety and employee engagement The changing technology landscape Paper-based bureaucracy Safety reputation & engagement 4. A NEW ERA OF TRUST The birth of the sharing economy The emergence of the economy of trust A verified safety reputation SureCredit - network liquidity QDOSS™- your safety reputation Reputation economics Validating safety transactions The Besure blockchain Unified safety assurance protocol Besure Apps and Xchange 4. BESURE ARCHITECTURE Besure Steward Service Contract Automation with service contract Besure marketplace Corporate and personal applications 5. THE OFFERINGS Token Issuance Initial SureToken Distribution Future SureToken Distribution 5. CONCLUSION

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ANNUAL WORK-RELATED DEATHS

2.78 M GLOBALLY

The economic burden of poor

occupational safety and health practices

is estimated at 3.94% of global Gross

Domestic Product each year – the cost of

poor Safety Assurance is over $3TN*

All are avoidable...

* UN International Labor Organization (www.ilo.org) 2017 2

http://www.ilo.org/ankara/news/WCMS_551802/lang--en/index.htm

Cost of illness and injury from working

conditions in 2015/16

£14.9B

31.2M

70K

THE COST OF FAILURE IS HUGE (UK)

Working days lost due to work-

related illness and injury

Reportable injuries under RIDDOR

Return for every pound invested

into safety

2X

* UK Health and Safety Executive Statistics 2017 3

http://www.ilo.org/ankara/news/WCMS_551802/lang--en/index.htm

INTRODUCTION This paper introduces the concept of the 'Besure Unified Safety Protocol' - a set of rulesand guidelines for communicating data between workers, equipment, and processes. It willoutline how this protocol can be applied to workplace health and safety, giving ownershipto those who matter, the workers, and create safety assurance for all that can be trusted. It will introduce technology mechanisms to create trust between parties and show, that byempowering businesses and individuals to take ownership of their safety reputation, wecan protect everyone. It will explore the idea that personal reputation can be used as a force for positivebehavioural change, encourage ownership of the safety environment by those on theground and directly affected by it, and consequently provide certainty and evidence to allstakeholders that legal and moral responsibilities to assure safety are being discharged.

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The Besure Project | www.thebesureproject.com 5

According to the UN in 2017, 2.78 million employees were killed worldwide: theequivalent of 80 fatal jumbo-jet crashes every day; and over 374 million were non-fatally injured. The puzzling fact is that this is happening despite the fact that global businesses arespending billions of dollars every year implementing safety protocols and complexmanagement systems including risk assessments, method statements, and safetytraining.

THE WORKPLACE SAFETY CONUNDRUM

Health and safety is everyone’s responsibility,yet somehow it ends up everyone else’s

responsibility.

It is not just a moral problem; it is a real money problem. In the UK alone, workplaceinjuries are estimated to be costing £15 billion annually (2) - and that's just the directcosts. More worryingly, it has failed to show any downward trend since 2009,remaining broadly flat ever since. This is not an issue isolated to the UK. In the US, $52 billion was paid out in workers'compensation in 2010, and in Australia in 2012-13 AU$62 billion was the estimatedcosts of work-related incidents. Think of a business you are involved with: construction, manufacturing, aerospace, orany other complex industry. Health and safety is a concern amongst theseorganisations that extends right up to board level. It is partly because it is the rightthing to do to have a quality business, but also because the consequences of failurecan extend as far as jail time for executives and unlimited fines. Shareholders careabout these sort of things. Is it acceptable that the ‘on-the-ground’ worker - the very person affected - plays littleto no role in the development and optimisation of the safety management processesdictated to them? Why is health and safety more about process and governance thanemployee engagement, empowerment, and ownership? Why do we think we areprotecting ourselves by merely ticking checkboxes on pieces of paper? These are all important questions that speak to the heart of problems that arise whenpeople, processes, and outcomes aren't quite in sync, or when companies don't havethe employee "buy-in" essential to make the whole system work.


WORKPLACE SAFETY - A NEW PARADIGM

By bringing together the technology of blockchain, individual safety ownership and a newway of looking at the problem, Besure has created a unified safety protocol allowingorganisations (which might not typically share technology or work practices) to unite inhow they approach and report on safety. It also profiles individuals' safety performance, giving ownership of this data directly tothem, as well as the ability to carry their safety reputation with them wherever they go.


THE SCALE OF THE PROBLEM

Every organisation has some degree of obligation to employee welfare and safety, withparticular industries having more rigorous commitments to discharge than others. The map below highlights the size of the global construction industry alone:

Construction is just the tip of the iceberg. The same principles apply to Aerospace,Mining, Manufacturing, and the list goes on. While the industries vary, the fundamental components of safety management systemsremain the same:


THEN AND NOW

SAFETY AND EMPLOYEE ENGAGEMENT

Beyond process-based safety governance, there has been a recognition in recent yearsthat safety isn’t about checkboxes and systems; safety programs alone do not work. Despite this, execution of an alternative has been haphazard at best. The holy grail ofworkplace safety is to have people who are carrying out the work taking full ownership ofboth their own safety and that of those around them. Empowering people to be able andcompetent to make choices for which they will feel responsible and accountable. In other words, a truly engaged workforce - both of direct and indirect labour - whereindividuals are in possession of their safety reputation, are committed to improving it andcan take it from employer to employer. This would swing data ownership and ‘engagementin safety' to where it needs to be: with the frontline workforce. Of course, safety processeswill always be required, but soon they will exist in a ‘connected' format that will makepossible, for example, knowledge of the following: how committed individuals are during safety-related activities; how engaged they are with co-workers; if they feel responsible, accountable and rewarded for their positive safety behaviour. This describes a world that moves from ‘top-down safety governance’ to ‘bottom-up safetyassurance’ and is only made possible today with the emergence of blockchain technology. What is needed is a technology solution that puts ownership of an individual's safetyreputation in their own hands and allows all the components of the safety process toseamlessly and efficiently interact with each other in a transparent and immutable way.

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The Besure Project | www.thebesureproject.com

THE CHANGING TECHNOLOGY LANDSCAPE

Just as industry evolved from mechanisation in the 18th century, to mass production andthen computerisation, we are once again witnessing a new wave of disruption: Industry 4.0and the rise of “connectedness.” ‘Smart’ is everywhere - smart cities, smart transportation smart buildings and smartdevices. Safety management (and particularly safety assurance) now can make a giantleap forward, entering a new era of enablement through blockchain technology. Digitising previously paper-based processes is only the beginning of this evolution. Thefocus is now to develop a real synergy between these different components of the ‘smart’digital world (artificial intelligence, IoT, blockchain technology, cryptocurrencies). Purpose-built platforms and applications under development, such as the Besure platform,will allow companies to do jobs faster, cleaner, cheaper and with significantly improvedefficiency. More importantly, will be the impact on workplace safety assurance in the very near future,as all elements of the “safety chain” can be connected, automated using conditional logic &AI, and securely stored on an immutable, open distributed network.

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We have come a long way in workplace safety over the last few decades. There has been adramatic shift in attitude, from one of the ‘inevitability of risk to life’, to one where health andsafety is highly regulated, and roles such as ‘Health & Safety Director/ Advisor’ have beencreated to ensure that an organisation is fully compliant with legislative requirements. The legal framework, in most jurisdictions, is such that the appropriate discharge of safetyobligations is mandatory and the consequences of failing to do so are significant. Today, performing these obligations centres primarily around documentation. Processessuch as risk assessment, method statements and task briefings are recorded and measured(or should be) for every task in the workplace. While IT applications do exist today to automate some of this, many companies still rely onpaper, signatures and spreadsheets. Where applications are in use, they are not utilised byevery stakeholder involved in delivering the work (especially those at the operational frontline), nor throughout the entire process - from start to finish. As such, the data is oftendisparate and after the fact, resulting in some significant problems:

PAPER-BASED BUREAUCRACY


There is a significant cost of administration: an estimated 10-20% of all activity on aconstruction site is absorbed by administering health and safety, Analysing failure is difficult. When things do go wrong, unpicking all of the paperwork todetermine the root cause can sometimes take years and at substantial cost, There is no unifying protocol or layer for safety information. Data is held in differentsystems by different stakeholders with no single version of the ’truth’, Different companies and stakeholders on projects or sites have different systems andways of doing things, cluttering the industry and creating confusion to transientoperational teams, Records can be altered or mislaid, Lack of accountability where the flow of information through the ‘safety chain’ isn’trecorded or apparent.


Beyond the process-based safety governance, there has been a recognition in recentyears that safety isn’t just about process, fundamentally it is about the engagementof workers and employees. Studies have shown a significant positive correlation between safety performance andemployee engagement. A meta-analysis by Gallop (2) looked at data from more than125 organisations and found that engaged business units had 62% fewer safetyincidents than units with lower employee engagement. In fact, the management characteristic most predictive of high safety performance is apositive employee environment (3). Despite this, execution of an alternative hasbeen haphazard at best. The optimum environment for workplace safety is to havepeople truly owning their personal safety and that of those around them, and beingresponsible, involved and empowered to make positive choices. A truly engaged workforce - both of direct and indirect labour - where individuals havetheir own safety reputation which they can take from employer to employee wouldswing ownership and engagement in safety where it needs to be. Of course, you would still need to carry out safety process. However, imagine a worldwhere you know how committed individuals are in carrying out their duties; howengaged they are with co-workers; and how responsible, accountable and rewardedthey feel for their own positive safety behaviour is a world that moves from top-downsafety governance to bottom-up safety assurance and ultimately safety being treated asa value. What is needed is a technology solution that puts ownership of an individual's safetyreputation in their own hands and allows all the components of the safety process toseamlessly and efficiently interact with each other in a transparent and immutable way.

SAFETY REPUTATION & ENGAGEMENT


A NEW ERA OF TRUST

THE BIRTH OF THE SHARING ECONOMY

For the past several years, we have watched the birth and development of the sharingeconomy, which is now fulfilling its vast market potential promise for activities basedaround a common human act: sharing. On the web or via mobile, we can now share almost anything. With Airbnb, we can shareour living spaces. With Skillshare and Udemy, we can share our knowledge. WithGetaround, we can share our cars. And if we have a car, but lack a parking spot, we canfind a place to share on Parking Panda. Safety and trustworthiness are still issues in the world of collaborative consumption, andwe have moved towards a model that favours reputation: a reputation economy; one thatincentivises behaviour around building and protecting reputation. The considerable downside in the reputation economy is that of ‘fake’ reputation. Fakereviews from unverified sources plague the likes of Amazon and TripAdvisor - both peopletrying to make things sound better than they are and others trying to put down theircompetitors. Airbnb fairs better than most as trips are verified, but it is still not immunefrom the problem.

14 The Besure Project | www.thebesureproject.com

THE EMERGENCE OF THE ECONOMY OF TRUST

The issues over verified reputation, and the recent scandals around Facebook data andCambridge Analytica, have put a new focus on on the idea of trust and data usage online. This also coincides with the emergence of new technologies of distributed ledgers andblockchain. While there remains a perception issue over the idea of ‘cryptocurrencies’ such as Bitcoin,the underlying blockchain technology gives a new meaning to ownership of data andassets in a digital world. Besure have built a new unified safety protocol, based on blockchain technology andleveraging the benefits of the reputation economy. It consists of three major components: 1. A blockchain - a distributed ledger for safety 2. Besure and 3rd party apps for use by companies and individuals 3. Besure Xchange - a marketplace for safety-related services


The Besure Project | www.thebesureproject.com

You (a "node") have a file of transactions (a"ledger") on your computer which iscryptographically protected. Two government bodiesand ten other organisations (other "nodes") have thesame file on theirs (so it’s "distributed"). As youmake a new transaction, your computer sends amessage to each node to inform them. A node is selected to check whether it has thecorrect details and you can afford it (and be paid"credits"). The selected node validates hits “REPLYALL”, attaching their logic for verifying thetransaction. If the other nodes agree, everyoneupdates their file, and a new record (called a“block”) is added to the chain. Hence the name"blockchain". As all the nodes have a history of transactions, noone can alter any of the details (a transaction is“immutable”)

BLOCKCHAIN EXPLAINED

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Arguably, there is no better example of a ‘sharing activity’ than that of safety at work. Whenyou share a work environment with material risks, the trust of your colleagues, youremployer and environment around you is paramount. Imagine a world where individuals can own their own safety reputation and the respect thatcomes with that. Rather than being a cog in a wheel, workers have a digital record, thatthey can choose to share and that they can take with them from job to job and employer toemployer. Imagine that was all connected through a standard protocol for safetyassurance? The Besure Project™ is creating a blockchain specifically for safety assurance based onthe principles of decentralised collaboration and reputation economics - a blockchain thatwe hope will become the global protocol for safety. The Besure Project™ blockchainnetwork is designed to be the “glue” that allows all safety transactions that go on on aproject (or a worksite, or any other environment) to be immutably recorded, and alsoenables the many different stakeholders involved to collaborate seamlessly. In this ecosystem, The Besure Project™ has created two forms of incentive: one is ameasure of utility called a SureCredit, and the other is a measure of reputation calledQDoss™.

A VERIFIED SAFETY REPUTATION


The Besure Project™ network is not controlled by any one company or institution - it is afoundation owned by its users and stakeholders. To utilise the network, e.g. validate that a safety activity has occurred, an exchange of valuefrom the agent requesting the validation to the validator (which the Besure Project calls‘Stewards’) is required. As these are, effectively, ‘microtransactions’, it would not make any sense doing this withconventional forms of money as they would be too expensive. The Besure Project™’s solution to this is the creation of the SureCredit that can operatewithin the network. This is a store of value that can be exchanged on the network, atminimal cost, to ‘pay’ for the work being carried out. Validating entities, such as certification authorities or testing houses, will earn SureCreditsas they carry out validation work on behalf of the requesting agents who pay usingSureCredits. Companies and other stakeholders will buy SureCredits from The Besure Project to allowthem to use the network. The SureCredits are ‘spent’ on various activity within the networkand, once spent, can be redeemed with the Besure Project for whatever currency they wereprocured in. Once redeemed they are destroyed. There is no ability to onward-sellSureCredits outside the network, and they do not behave as securities.

SURECREDIT - NETWORK LIQUIDITY


While a mechanism to exchange value is extremely important, it is also critical that TheBesure Project™ recognise and reward positive safety assurance behaviours. The mechanism embedded to do this is called QDoss. The more validations youcommission as a requesting agent, or the more you consent to as a worker, the moreQDoss you will earn. QDoss then becomes 1) a recognition of the level of safety behaviour being demonstratedby you or your organisation and 2) a mechanism to reward safety performance by TheBesure Project™ issuing new SureCredits based on the amount of QDoss you possess.

QDOSS™ - YOUR SAFETY REPUTATION


We call the interaction with SureCredit and QDoss, reputation economics. The morepositive behaviour you demonstrate, the more reward you receive. Also, the higher yourreputation, the more employers will be willing to pay for your services, where you are anindividual or a company. The critical part to this (and something that is brought solely by blockchain technology) isthat the data about your reputation is owned by you - not a company, not an institution, it isyours. This is particularly powerful where you are self-employed or change employers asyou can take your reputation with you. It has the potential for a profound impact on safetybehaviour, as you will own your reputation and strive to protect and improve it.

The crucial part of this protocol is ensuring the blockchain is written to in the right way. Asdiscussed above, the Besure blockchain is a protocol that allows safety transactions to berecorded across a distributed ledger. The blockchain network consists of multiple nodes that we refer to as ‘stewards’ of whichthere are two main kinds - authority stewards and general stewards. An authority steward is a trusted party, e.g. an issuer of a specific type of trainingaccreditation, that can validate a particular piece of data is correct relating to theirspecialism. A general steward is a trusted member of the network, who could also be a participant, whois eligible to approve a more general type of safety transaction - a risk assessment or aninspection for example. When transactions are posted to the network to be validated, they will be routed either to aspecific authority steward to validate or broadcast for a general steward to pick up andvalidate. In return for the validation, the steward will receive a payment in SureCredit fromwhichever entity made the request.

VALIDATING SAFETY TRANSACTIONS

REPUTATION ECONOMICS


The emergence of the technology of blockchain has opened up the possibility of newmodels of ownership and collaboration. The Besure Project consists of 3 types of network combined in a single blockchain which,together forms our safety assurance protocol: 1. People assurance 2. Task assurance 3. Equipment assurance These networks interact with each other through Smart Contracts, e.g. the task issuing a‘permit to work’ is only possible if the task can validate the people doing the work have theright ‘Skills and accreditation’ and the equipment has the right ‘Certification’.

THE BESURE BLOCKCHAIN


The blockchain provides an immutable ledger of safety activity. The Besure Appecosystem will have extensive support for integrations. Current business apps will beable to read and write to the blockchain though our open API’s. By using the Quorum permissioned blockchain infrastructure (4), the necessary robustsecurity layer will allow sensitive information to be stored on the blockchain and read onlyby those with permission:

As part of the Besure Project ecosystem, individuals will have their own safety passport.This will be a record of their safety history along with the QDoss score and theirSureCredit wallet balance. As an individual is engaged in work, they will share theirpublic key which will validate their credentials for them to continue. The act of sharingtheir key will earn the more QDoss and increase their safety reputation. Individuals will be able to spend SureCredit they have earned (or bought) on safety-related services, such as training, which will also enhance their QDoss. We envisagethis will become a mechanism for safety innovation while granting sole ownership ofsafety performance (data) to each respective individual involved. Similarly, critical equipment will also have its own “passport”. In this case, rather thanskills and training, it will record maintenance records and usage. And it is this interaction of people with equipment and tasks is the glue that underpinssafety assurance, rolling up to enterprise level where companies, projects, clients andany organisations stakeholders will be able to have real-time views of their safetyperformance and risk. Where incidents do happen (and of course they will), there is no longer a need for aprotracted investigation into who, where and what happened, a full immutable history isaccessible from the Besure blockchain.


https://www.jpmorgan.com/global/Quorum

The Besure blockchain provides an aggregations layer - a unified safety assuranceprotocol - that facilitates the use of many different systems and applications. Although Besure will provide safety apps, many companies or organisations will haveexisting solutions. Besure offers open API’s and code to allow easy integration of theBesure wallet and network into existing safety or field force applications. The overall architecture can be seen below:

UNIFIED SAFETY ASSURANCE PROTOCOL


Besure apps are designed to process safety transactions using SureCredits to allowpeople and organisations to earn QDoss. These apps are available directly from Besure. However, we encourage and support third-party development and integration. Our real purpose is to provide a universal safetyprotocol that can be connected to by anyone certified.

Safety isn’t just about apps and process. Behaviours, knowledge and other things play acritical role. The Besure Xchange provides an online marketplace where services relating to safety,such as NEBOSH training, or products, such as smart PPE, can be purchased inSureCredits. Purchasing and use of these will earn QDoss to add to your overall safetyreputation.

BESURE APPS

BESURE XCHANGE


BESURE ARCHITECTURE

BESURE STEWARD

A steward is an entity, approved by the Besure foundation, to host and run a full quorumnode of the Besure blockchain. The steward would be validating and proposing blocks thatwill be added to the blockchain and and will be paid network fees in SureCredit. This wouldbe a fixed amount for each safety transaction that has been submitted to the Besureblockchain network. The network consists of the following entities (account with public address on the Besureblockchain) along with their share of each safety transaction fees. 1. 50% to Besure Project. 2. 25% to Steward (A collection of node owners ). 3. 15% to User Growth Pool. 4. 10% to Sure Token Foundation. A steward will be provided with an executable of the blockchain client/node (for download)and a config file with network nodes during the initial set-up.


SERVICE CONTRACT

A safety-first network like Besure has to ensure round-the-clock uptime, instant transactionconfirmations and auditability all at the same time. To sustain such a decentralized networkwould require regular monitoring and maintenance which can absorb a decent budgetproportional to the transaction volume. The applications generating network traffic will bepaying the network fees proportional to their share of the transaction bandwidth. Targeting the above ideals, the Besure decentralized application architecture wouldcomprise of applications paying network fees through a service contract (smart contract) prior to writing into the Besure ledger. This would be the usage scenario for all three typesof marketplace applications – Besure corporate, Third-party corporate, Personal. Below is a summary of the challenges that went into shaping the current design architecture

Instant transactions with checks - We can't expect the company to sign off oneach and every transaction that is generated within its projects. This couldsignificantly impact usability and adoption. On the other hand, the companyneeds to be able to have checks to rein in transaction costs and preventmisuse of funds. User friendly - The blockchain network fees and underlying surecreditssystem could be complex concepts for the untrained end user. We can'texpect the individual user to safely maintain a wallet with surecredits or tocorrectly credit the network fees everytime he submits a safety transaction.

AUTOMATION WITH SERVICE CONTRACT


The Besure architecture has been designed to work autonomously using smart contracts toreduce end-user complexity and add checks and balances for smooth network functionality.A smart contract termed as a service contract acts as a trusted intermediary between thenetwork and the application users, thereby hiding the complexities of the paymentmechanism (Refer to figure 1). The application would first pre-advance a certain amount of surecredit (token) to theservice contract which would then be used to pay network fees on a pay-per-use basis foreach safety transaction from the app. In a corporate application the advance would bemade from the company public address (account) to the service contract address and in apersonal application from a user public address.

Automated fall-backs - Safety transactions have to be recorded on the ledgerthe moment they are initiated by the project manager to ensure a smoothworkflow at the project site. This would be impossible in cases where thecompany due to poor budgeting has run out of funds and is unable to front thenetwork fees.

1. Make allowance to service contract 2. Application initiates blockchain transaction 3. Service contract pays network fees 4 Approves transaction 5. Records transaction on ledger

Figure 1. Workflow for corporate application architecture


The advances can be made for any amount and at any frequency as desired by theaccount owner. Ideally, the payee can pre-determine the maximum number of safetytransactions on a daily basis and the corresponding estimate of network fees can beadvanced to the service contract on the prior day. Some features of this architecture are as follows:

This solution facilitates instant transactions on the network without having to waitfor approvals from a company administrator for transactions submitted in theapp and hides the complexity of surecredits from the application end-userswithout compromising network fee payment. In a scenario where the company allowance is too low to support network fees,the service contract could extend an advance allowance to the network and fulfillthe safety transaction. This would ensure smooth functioning of the network byproviding companies with a provision to pay the service contract for the amount.The service contract could charge penalties for these advances fromcompanies/users to incentivize timely payment of network fees.

THE BESURE MARKETPLACE


CORPORATE AND PERSONAL APPLICATIONS

The Besure marketplace is a platform for discovery, purchase and access of third-party andBesure applications, services and products. Surecredits will be the only mode of paymentfor purchases in this marketplace. Every purchase will be routed via a smart contract thattransfers a percentage of the surecredits to Besure before the desired application isinstalled.

Corporate applications from Besure Corporate applications like the Besure platform typically involve multiple users sharing asingle application and submitting blockchain transactions from inside it. The companywould buy surecredits and allocate these to a service contract which would then use theseto pay the Besure network before recording the transaction from the app into theblockchain (Figure 1). The allocation can happen overnight for a fixed amount which cansafely cover the transaction costs for the next day. A step-by-step walkthrough of a typicalworkflow has been depicted in the series of figures from Fig 1.1 to Fig 1.5. Corporate applications from third-party Third-party developed corporate applications sold on the Besure marketplace arerecommended to follow the same workflow as Besure applications ( Figure 1 ). Eachapplication is required to fund the service contract to pay network fees before submittingtheir transactions to the Besure blockchain. Personal applications In a personal application the user would use their own surecredits and pay the networkfees via the service contract before submitting their transaction to the blockchain. Theservice contracts api will have to be included and invoked by all marketplace applicationsbefore they make a transaction onto the Besure blockchain.


1. Company allots token allowance to the service contract 2. Application initiates ledger transaction 3. Service contract pays network fees 4. Service contract approves the transaction 5. Application writes transaction into ledger


Step 1 of 5: Corporate Application on the Besure Network


THE OFFERINGS

SURETOKEN ISSUANCE

The Sure Token Foundation (STF)generates 500M SureTokens (ST) andgrants The Besure Project (BES) theoperating license for the Besure platform. STF forms a board with 2 members of BESand 5 members from membershiporganisations whose representation rotatesevery 3 years. STF Board sets price ofmembership in ST and governs the platformtransaction values. STF will use money raised from ST sales to,amongst other things, pay to build thenetwork, pay to build specific apps, validatenew members, offer educational service. STF grants the BES exclusive use of theSafety Assurance Platform owns the rightsto use the Besure Project brand. The transaction fees in SureCredits (SC)


are distributed as per the following slide. Service supplied by non-for-profits, such asBSC, are exempt from transaction fees oras dictated by the SureToken Foundation. Organisations acquire SureCredits bybuying SureTokens in fiat currency andexchanging them for SureCredits We are offering (i) rights to receive anaggregate of 75,000,000 SureTokensissuable pursuant to SAFTs and (ii) the underlying SureToken. Each SAFTrepresents the right to the receipt of acertain amount of SureToken upon exerciseof the Options and subject to the terms ofthe SAFT. Each Option may be exercisedonly to the extent that it is fully vested andexercisable under the terms of the relevantSAFT.

INTIAL SURETOKEN DISTRIBUTION


The SureToken Foundation has authorisedthis issuance of up to 500 million SureTokensand plan to initially sell (i) rights agreement of75,000,000 SureTokens pursuant to SAFTs(ii) in the case of higher demand frompurchasers, rights can be sold up to100,000,000 SureTokens which would raisea maximum amount of £75 million. 70 million SureTokens, in addition to therights to 75 million SureTokens initially

sold pursuant to SAFTs, will be reserved forThe SureToken Foundation’s future use, orissuable on or after launch got The BesureProject Platform to partners, advisors,employees, founder and executivemanagement and charitable donations inconnection with the development of TheBesure Project Platform

FUTURE SURETOKEN DISTRIBUTION


CONCLUSION

We have reached a junction point where technology, and the ambition to significantlyimprove people’s safety at work, converge. In a world of digital transformation, we have the opportunity to bring together the bestideas around safety assurance and worker engagement using the new technologylandscape that blockchain brings, and provide a meaningful shift in visibility, ownership,and action around safety.


ADDITIONAL RESOURCES

1. Health and safety at work: summary statistics for Great Britain 2017. Published by theHealth and Safety Executive (UK), Nov 2017 http://www.hse.gov.uk/statistics/overall/hssh1617.pdf 2. State of the American Workplace. Gallup Report (Meta-Analysis) 2015/16 http://news.gallup.com/reports/199961/7.aspx 3. The Effect of Corporate Culture on Injury and Illness Rates Within the Organization. J.Erickson, Dissertation to Graduate School, University Southern California 1994 4. What is Quorum? JP Morgan.com https://www.jpmorgan.com/global/Quorum 5. International Labor Organization http://www.ilo.org/global/topics/safety-and-health-at-work/lang--de/index.htm


https://www.jpmorgan.com/global/Quorum

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