Deloitte and DNV GL deliver the first blockchain solution in the certification industry
DNV GL has transferred all its 90 000 certificates to a private blockchain, being the first in the certification industry to leverage on this technology. Every certificate is digitally tagged, traceable and stored in a private 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 of DNV GL - Business Assurance.
In an increased effort to build digital trust, DNV GL in partnership with Deloitte EMEA Blockchain Lab have now delivered the first live blockchain solution in the certification industry.
“This is one of the first blockchain applications outside the finance industry, and it shows the limitless possibilities this technology provides. In not too long there will be concepts, prototypes and investments emerging in every major industry,” says Martin Bryn, Partner at Deloitte.
“Deloitte's Global blockchain team and EMEA blockchain lab are excited and proud to be part of this ground-breaking project with DNV GL. This is an excellent example of blockchain technology entering the production life-cycle stage of the technology with DNV GL and Deloitte at the forefront of this digital transformation journey”, says Lory Kehoe, EMEA Blockchain Lab Lead at Deloitte.
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. When a certificate is issued, the data is digitized, sent to the blockchain and a digital identity is assigned to each certificate. All certificates are uniquely tagged and traceable and the original is stored in a network of computers instead of a central repository. In total, this makes it possible to uncover fraud and by scanning a QR code on the certificate anyone can through the blockchain verify that a company is certified.
“Putting our certificates in the blockchain is the first step towards building a new digital assurance concept. Our objective is to use blockchain and other disruptive technologies to provide new services and continue to create value for our customers,” says Renato Grottola, Global Digital Transformation Director, DNV GL – Business Assurance.
For more information, please contact:
Senior Communication Officer
DNV GL – Business Assurance
Phone: + 47 41 02 03 19
Phone: +47 952 68 807
About DNV GL – Business Assurance
DNV GL – Business Assurance is a world-leading certification body. We help businesses assure the performance of their organizations, products, people, facilities and supply chains through certification, verification, assessment, and training services. Partnering with our customers, we build sustainable business performance and create stakeholder trust. As part of the DNV GL Group, our professionals are helping customers in a range of industries in more than 100 countries.
About Deloitte Blockchain Lab
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.