Deloitte and DNV GL deliver the first blockchain solution in the certification industry
“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.
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.
About Deloitte
At Deloitte, we make an impact that matters for our clients, our people, our profession, and in the wider society by delivering the solutions and insights they need to address their most complex business challenges.
As the largest global professional services and consulting network, with approximately 457,000 professionals in more than 150 countries, we bring world-class capabilities and high-quality services to our clients.
In Ireland, Deloitte has approximately 3,000 people providing audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience and insight to collaborate with clients so they can move forward with confidence.
In this press release references to Deloitte are references to Deloitte Ireland LLP. The information contained in this press release is correct at the time of going to press. Deloitte Ireland LLP is the Ireland affiliate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.
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