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Maritime Blockchain Labs set up with Lloyd’s Register Foundation funding

(l-r) Karim Jabbar, Märtha Rehnberg, Jasper van't Veen and Deanna MacDonald from BLOC; Maurizio Pilu, Lloyd’s Register; Søren Stig, BLOC; Gary Pogson Lloyd's Register (l-r) Karim Jabbar, Märtha Rehnberg, Jasper van't Veen and Deanna MacDonald from BLOC; Maurizio Pilu, Lloyd’s Register; Søren Stig, BLOC; Gary Pogson Lloyd's Register

Lloyd’s Register Foundation (LRF) and Blockchain Labs for Open Collaboration (BLOC) have announced a funding partnership to set up Maritime Blockchain Labs (MBL), a new research initiative to explore the potential application of blockchain technologies in the global maritime industry.

{mprestriction ids="1,2"}LRF will be one of the founding members and lead funder of the initiative, which, over the next 18 months, will provide resources to pursue three demonstrator projects focused on using blockchain to improve management of risk and safety in maritime, and establish an ecosystem to foster innovation and collaboration between blockchain practitioners and industry stakeholders.

BLOC has already been involved in research on the use of blockchain in maritime, having worked with the Danish Maritime Authority on exploratory projects in 2017.

“We are delighted to have the backing and support of the Lloyd’s Register Foundation. They share with us the belief in the importance of BLOC’s mission: to apply blockchain to real-world problems, with the aim of building secure and accessible global digital infrastructure for maritime, a sector where distributed systems offer so many opportunities for impactful advancement,” said Deanna MacDonald, CEO, BLOC.

“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.”

“The three demonstrators will build, apply and model the use of distributed systems to create impacts that enhance safety of life and property at sea and serve as case examples to be shared with the community.”{/mprestriction}

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