RINA has released a new version of its electronic logbook (ELB). This tool is the first to use blockchain technology to provide a traceable record of ship data for shipping companies who want to showcase their commitment to integrity and transparency across all operations.
ELB replaces paper logbooks, like the Oil Record Book (Part I and II), cargo, garbage and ballast logbooks. It also simplifies data entry, improves data reliability, increases regulatory compliance, and helps limit the risk of human error, which then reduces the risk of fines or non-conformities.
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With the use of blockchain,all data recorded is both time-stamped and immutable. This means that records cannot be counterfeited and all data can be accessed by port Authorities.
Commenting on the new tool, Giosuè Vezzuto, Chief Digital Officer at RINA, said that it adds an extra layer to compliance, linking the logbooks to a public blockchain to prevent any data being unlawfully changed. It also aims to assist companies show their full commitment to preventing fraudulent records with transparent operations.
He also added that RINA sees this tool as an important step towards the future for the shipping industry to prove its commitment to complying environmental regulations. This is because it helps reduce the number of criminal prosecutions regarding counterfeit records and strengthens the standards of transparency across the industry.
