Deloitte uses blockchain for ships certification

Deloitte joined forces with DNV GL to use blockchain in technical inspection acts certification 
02 October 2017   1325

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

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.