04OCT2019 - NEWS - BunkerTrace, Cooperative Bebeka, Boskalis and Minerva conclude successful trial of blockchain and DNA-based marine fuels tracking solution

The first pilot of BunkerTrace, the system that combines synthetic DNA tracers and blockchain to manage risk for marine fuels by creating a transparent chain of custody, was successfully completed yesterday. The Boskalis-owned dredger, Prins der Nederlanden was bunkered with 900 cubic meters (CBM) of ISO 8217:2010 compliant fuel supplied by Minerva with a unique tracer added. The crew then successfully detected this mark with an on-board analysis case that took less than a minute, with the result of the test logged in a blockchain-based transaction record.

This trial demonstrated the readiness of the BunkerTrace system to transform IMO 2020 bunker fuel compliance and increase transparency and traceability in the marine fuels supply chain. By adding markers to fuel at every stage of the supply chain and recording each transaction in a blockchain-based system, BunkerTrace creates an immutable audit trail that follows the fuel, and any changes made to it, recording all activities and sign offs by actors transacting the fuel.