id - SNGLR

Mar 11, 2018 - Panoptes was a giant in Greek mythology who had hundreds of eyes to observe everything happening in the world. .... required age, and falsify or hide records of misconduct. In addition, said auditors lack .... which now only considers the age of employees to determine the payment. Smart contract allow for ...
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id: 5aa599d3b170f60004b9ae34 hash: 8B78D3392C5EEA1367A268033B6294D7A320EF3F7CC356B63F423C91789EA0AF token: c4f3e151e3b981d time: 2018-03-11 21:04:19.603 receipts: eth: 1473, btc: 10473, etc: 1473 ltc: 10473

II.01

Reputation ..................................................................................................................... 6

II.02

Regulation ..................................................................................................................... 6

II.03

Investors ....................................................................................................................... 7

III.01 Internal audits ............................................................................................................... 8 III.02 External audits ............................................................................................................... 8 III.03 NGOs ............................................................................................................................ 8 III.04 Unions ........................................................................................................................... 8

IV.01 How are we going to do it? ............................................................................................. 9

Physical devices ......................................................................................................... 9 Blockchain technology ...............................................................................................10 Smart Contracts ........................................................................................................11 IV.02 How does it work?........................................................................................................ 11

Functional description ................................................................................................11 Technical solution ......................................................................................................12 Data protection .........................................................................................................14

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Panoptes was a giant in Greek mythology who had hundreds of eyes to observe everything happening in the world. Inspired by Panoptes, English philosopher Jeremy Bentham crafted the idea of a Panopticon, a system designed to systematically observe everything in a penitentiary system. Bentham’s aim was to keep an eye on people who regularly broke the law, keeping them locked with a central point of control.

Our Panopticon is a twist on Bentham’s idea. Our aim is not to keep an eye on criminals but on contractors and suppliers along cross-border supply chains of multinational companies, to level the playing field for factory workers where their basic human and labor rights would otherwise not be guaranteed.

Our mission is to enhance cross-border supply chain compliance with labor standards and human rights through blockchain and smart contracts. Our multidisciplinary team includes four lawyers specialized in several areas of law and four engineers. One of the team members is part of the Cuatrecasas1 cross-border supply chain compliance team, which specializes in improving legal standards throughout clients’ supply chains, including human rights and employment rights that contractors should guarantee.

Traditionally, there has been a disparity between the legally binding clauses agreed upon a company and its contractors regarding human rights and employment standards and the reality inside the contractor’s factories. Companies have tried to tackle this problem by performing regular factory audits, but this system has proved to be expensive and results are poor.

Panopticon aims to drastically narrow the gap between contractually agreed employment standards and real employment standards at these