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DNV GL moves all certificates to blockchain

Elisabeth Heggelund Tørstad, the new head of the DNV GL Digital Solutions business Elisabeth Heggelund Tørstad, the new head of the DNV GL Digital Solutions business

DNV GL reports that it has transferred all its 90,000 certificates to a private blockchain, with every certificate digitally tagged and traceable within the system, allowing companies to communicate their certification in a transparent and secure way while also providing a defence against the use of  counterfeit certificates.

{mprestriction ids="1,2"}The blockchain system was developed in partnership with the Deloitte EMEA Blockchain Lab, and works by digitising the data created when a certificate is issued. The certificate and the data within are then assigned a specific digital identity when sent to the blockchain.

All certificates are uniquely tagged and traceable, with the original stored in a network of computers instead of a central repository, in accordance with the decentralised philosophy of blockchain technologies. By scanning a QR code on the certificate anyone can, through the blockchain, verify that a company is certified, making it easier to identify potential fraud.

“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,” said Renato Grottola, global digital transformation director, DNV GL – Business Assurance.

The introduction of the certificates blockchain comes as DNV GL prepares to launch a new specialised Digital Solutions organisation within the company, consisting of 1,000 digital experts, This will include reorganising existing parts of the business to more clearly focus on opportunities in data sharing, advanced analytics, automation, and machine learning as well as addressing challenges related to data quality and security.

“Data is the raw material of the 21st century. It is the foundation and driver of the digital transformation and forms the basis of value creation. To serve our customers in a better way and to stimulate innovation, we are consolidating our digital assets and resources in our new Digital Solutions organisation,” said Remi Eriksen, group president and CEO of DNV GL. 

The new Digital Solutions organisation will absorb DNV GL - Software and take over the running of the recently launched Veracity data management platform. 

Elisabeth Heggelund Tørstad will head up the Digital Solutions unit, having previously held the position of CEO for DNV GL’s Oil & Gas business. Ms Tørstad will be based at the DNV GL headquarters in Høvik, Norway, and be a member of the executive committee for the DNV GL Group.

A chief digital transformation officer for the DNV GL group will also be recruited at a later date, the company said.{/mprestriction}

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