GSBN partners with DNV to enable verified decarbonization data sharing of the global shipping industry

Hong Kong’s Global Shipping Business Network (GSBN), a blockchain platform, with its data infrastructure and ecosystem of partners, has signed a Memorandum of Understanding (MoU) with DNV, a leading classification society. The partnership aims to promote decarbonisation and accelerate the adoption of alternative fuels by enabling the trusted sharing of verified data for green claims. 
 

The International Maritime Organization’s Maritime Environment Protection Committee (MEPC 80) recently revised its greenhouse gas strategy, with a goal to reduce CO2 emissions by at least 40% by 2030.

Technological innovation and the introduction of alternative fuels and energy sources will be integral to achieving the overall ambition. To achieve this, GSBN suggests there is a need to accurately measure and track emissions reduction data across the supply chain as well as ensure the green claims on environmental performance are reliable, comparable and verifiable to provide the accountability of decarbonisation investments.

DNV has recently launched Emissions Connect, an emissions data verification engine, as a step in enabling the verification of operational data. Under the MoU, DNV and GSBN will collaborate to conduct pilots with its existing shipping line members to connect verified shipment data from DNV, with a goal of issuing reliable and accountable green claims to end users backed by real granular data. As the industry is going through major changes, such as EU ETS, and various book and claim systems, trustworthy data at the shipment level is vital for customers to participate in the decarbonisation journey. 
 

Bertrand Chen, CEO at GSBN, said, “To achieve shipping decarbonisation at scale, it needs to have a robust data foundation of verified data to enable trusted data sharing across the fragmented and complex supply chain. GSBN’s network of Shipping members and its blockchain infrastructure are ideally positioned for this use case. By partnering with DNV, users of the platform can share verified data for vessel operations (can be shared) granularly with end customers to support decision making and prove claims of sustainable shipping.”
 

Trond Hodne, Business Director Maritime, DNV said: “We are excited to partner with GSBN and the users of the network to accelerate decarbonisation across the shipping industry. We empower our customers and their stakeholders with facts and reliable insights so that critical decisions can be made for the good of the environment. With GSBN’s data infrastructure and our service, we can help the users of the network enable a higher transparency and accountability in relation to green claims.”

Source: Hong Kong Maritime Hub

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