06DEC2018 - NEWS - Maritime Blockchain Labs to test Blockchain technology in real world bunker fuel supply

Maritime Blockchain Labs (MBL) which is a partnership set up between Lloyd’s Register Foundation and BLOC to explore the use of blockchain in the maritime sector, have launched its first demonstrator project. The project will see the development of a fuel provenance register that aims to provide information about fuel origin, journey and characteristics. The next phase of the project will involve further development and scaling of the solution, capturing fuel deliveries and associated verified data into the system. MBL’s platform uses Hyperledger Fabric blockchain technology that creates an immutable chain of custody of quality analysis documentation and specification of fuels from the various actors transacting and transferring the fuels throughout the supply chain.

Published by Editor - www.Livebunkers.com at 06-Dec-2018 06:24:40 [UTC] , contact editor at editor@livebunkers.com