Lloyd’s Register Foundation will fund Blockchain Labs for Open Collaboration (BLOC) to conduct three demonstrator projects and explore the application of blockchain technology in maritime risk and safety.
Namely, Lloyd’s Register Foundation and Blockchain Labs for Open Collaboration (BLOC) will set up Maritime Blockchain Labs (MBL), to explore the use of blockchain for the safety of infrastructure and drive new business models for the global maritime industry.
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Over the next 18 months, the collaboration will provide resources for Maritime Blockchain Labs to pursue three demonstrator projects, focusing on aspects of risk and safety where distributed systems can enable breakthrough solutions.
MBL will also try to establish an ecosystem within the sector to improve innovation and collaboration between blockchain practitioners and industry actors, share knowledge and best practices, define problems, and shape solutions.
Deanna MacDonald, CEO, BLOC, noted:
Our objectives are twofold: to get real-world applications on the ground as soon as possible, and to share knowledge and methodologies among users. Blockchain is fundamentally a collaborative technology and will only truly transform the industry if we are all working from the same, or interlinked, systems, rather than competing.
