Risk management giant DNV GL announced on Wednesday that it partnered with VeChain to use blockchain to improve the transparency of product and supplier information.
DNV GL is a global provider of assurance services, assisting companies in a range of industries to improve their business performance. According to the announcement, DNV GL will progressively adopt blockchain to help companies boost the transparency and traceability of their products from the factory to the consumer.
By leveraging the Internet of Things and blockchain technology, we are reinventing the assurance process. Our Digital Assurance Concept will provide both companies and consumers with an unprecedented degree of insight into product and supplier information, to an extent and with an accuracy which have not been possible before.
CEO, DNV GL — Business Assurance
It is stated that the new solution will initially target the food & beverage, retail and fashion industries and progressively expand to cover other industries, starting with automotive and aerospace.