DNV GL and Deloitte First to Leverage Blockchain Technology to Advance the Certification Industry
Sep 25, 2017, 09:07 ET
HOUSTON, Sept. 25, 2017 /PRNewswire/ -- To defeat counterfeiting and build digital trust, DNV GL in alliance with Deloitte Block Chain Lab, has transferred all its 90,000 certificates to a private blockchain, being the first in the certification industry to leverage on this technology.
Every DNV GL certificate is now digitally tagged, traceable and stored in the blockchain. The technology blocks counterfeit certificates, allowing companies to communicate their certification in a transparent and secure way.
"For 150 years, we in DNV GL have been in the business of building trust, but in the age of digital transformation, there is an increased need for transparency in a volatile business environment," says Luca Crisciotti, CEO in DNV GL - Business Assurance.
As a business assurance provider, DNV GL works in a variety of industries to certify companies' processes, products, facilities and supply chains to national and international standards.
"This is one of the first blockchain applications created outside the finance industry, and it shows the limitless possibilities this technology provides," says Martin Bryn, Partner at Deloitte. "Soon there will be concepts, prototypes and investments emerging in every major industry,"
When a certificate is issued, the data is digitalized, sent to the blockchain, and a digital identity is assigned to each certificate. All certificates are uniquely tagged, traceable and original stored in a network of computers instead of a central repository. Combined, this makes it possible to uncover fraud and through a QR code on the certificate anyone can verify in the blockchain if a company is certified.
"Putting our certificates on the blockchain is the first step in building a new digital assurance concept. Our objective is to use blockchain and other disruptive technologies to provide new services and continuing to create value for our customers," says Renato Grottola, Global Digital Transformation Director, DNV GL – Business Assurance.
- Luca Crisciotti, CEO, DNV GL – Business Assurance
- Renato Grottola, Global Digital Transformation Director, DNV GL – Business Assurance.
- Martin Bryn, Partner at Deloitte
About DNV GL – Business Assurance
DNV GL – Business Assurance, part of the DNV GL Group, is a world-leading certification body that helps businesses assure the performance of their organizations, products, people, facilities and supply chains through certification, verification, assessment, and training services. The company serves customers in a range of industries in more than 100 countries.
For more information, visit http://www.dnvgl.com/assurance
About Deloitte Blockchain Lab
As part of Deloitte's broader FinTech initiative The Grid, the EMEA Blockchain Hub is coordinated out of Dublin. The hub works closely with other centers of excellence in digital, analytics and information management to create groundbreaking new thinking. We are rapidly building to a 50-strong team, comprising of developers, designers and thought leaders, who work with international organizations looking to roll out blockchain-enabled solutions across different countries.
Director, Marketing & Communication
DNV GL Business Assurance North America
SOURCE DNV GL
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