DNV GL and VeChain have agreed on a partnership to use blockchain to improve the transparency of product and supplier information, significantly increasing the efficiency of supply chains. DNV GL is a global provider of assurance services and one of the world’s leading certification bodies, assisting companies in a range of industries to improve their business performance.
Going forward, DNV GL will progressively adopt blockchain to help companies boost the transparency and traceability of their products from the factory to the consumer. As one of the early movers in utilizing the technology outside fintech, VeChain is a pioneer in the blockchain industry and controls the leading public blockchain platform for products and information.
Sunny Lu, CEO of VeChain, said, “Blockchain has many applications beyond the financial sector and I’m glad that DNV GL has recognized the revolutionary impact it can bring to supply chain management. Together, we combine assurance and blockchain to help customers improve trust in their products across multiple dimensions; from quality and safety to performance aspects.”
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