Deloitte uses blockchain for ships certification

Deloitte joined forces with DNV GL to use blockchain in technical inspection acts certification 
02 October 2017   518

The audit company Deloitte has signed a partnership agreement with the Norwegian certification company DNV GL for the transfer to the blockchain the acts on technical inspections of ships and oil installations. This is reported by CoinDesk.

Similar acts are issued to ships and other marine objects, confirming their compliance with safety and environmental standards. At the same time, such documents can be faked, and authentication takes a fairly long time.

According to Deloitte and DNV GL, a private blockchain with access rights, where each certificate is assigned a digital ID, can be a solution to this problem.

Instead of one record being held on one server, it's held over many, many systems.

Lory Kehoe
Blockchain lead, Deloitte's EMEA

Kehoe added that the existing system, where there is still a lot of manual work, should be digitized.

Anyone can, by scanning the QR code on the certificate, check its validity and data. With the one-to-one connection between the certificate and the blockchain, verification is instant and easily done with a mobile device.

Renato Grottola
Director of global digital transformation, DNV GL

The blockchain based solution was officially launched on September 23. At the moment, 90k certificates have already been entered in the distributed registry.

You can spend a lifetime building a reputation and it takes seconds for it to fall apart. All it takes is one or two scenarios where DNV GL have put their name to something and another company in another part of the world replicates that and DNV GL's name gets tarnished.

Lory Kehoe
Blockchain lead, Deloitte's EMEA

Kehoe is sure that the technology blockade is a way out of the situation for Deloitte. He stressed that the business insurance industry should be interested in blockchain.

Currently, the International Association of Certification Societies (IACS) takes a neutral position with regard to distributed registry technology. It should be noted that the head of this organization, Knut Erbek-Nilssen, recently became the CEO of DNV GL, who is also convinced of the need for digitalization of the industry.

The British competitor DNV GL, Lloyd's Register, also praised the prospects of blockchain technology in the industry.

We believe blockchain and distribute ledger technology has wider applicability in industrial applications, especially around increasing transparency in supply chains and around safety and reducing risk.

Spokesperson for Lloyd's Register

Kehoe notes a sharp increase in the awareness of Deloitte's customers about the technology of blockchain. He argues that now the company does not need to once again prove the effectiveness of the distributed registry to customers, because they themselves turn to blockchain-based solutions for specific problems.

We're not talking about experiments anymore in dark rooms where people are playing with this technology. It's now all about how do we integrate the technology in a meaningful way so that it solves the problem – it creates an opportunity, helping companies stay relevant, I think that’s a very important point too.

Lory Kehoe
Blockchain lead, Deloitte's EMEA

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   207

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.