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- Samsung taps leading Blockchain Vechain, for deployment of its intelligent ship data application.
- VeChain garners support from top industry personalities as its use case continues to benefit leading companies.
VeChain, the Blockchain network designed to aid business operations through the enhancement of product tracking, has continued living up to its name.
With support from the World-leading certification authority DNV, Samsung Heavy Industries, the first Korean shipbuilding firm to take this step, has successfully deployed its “Intelligent Ship Network Security Application ” on the Vechain network.
Recently, DNV & Samsung Heavy Industries deployed an ‘Intelligent Ship Network Security Application’ based on #VeChain technology.
— VeChain Community Hub (@VechainThorCom) January 20, 2023
The VechainThor community shared more details about the deployment in an official medium post, explaining that the Vechain blockchain was leveraged by Samsung Heavy Industries for the purpose of the verification of data transmission “for its ship’s autonomous sailing system (SAS) and electronic logbook (eLogBook).”
The deployment comes shortly after the Samsung Heavy Industries application got a Result of Compliance (SoF) certificate from the DNV, thereby allowing it to carry out operations using the blockchain.
As of late, the shipping industry has leaned towards advancing its network security as it taps into digital technologies for the advancement of shipping operations, as autonomous information sharing becomes widely adopted.
In order to reduce the chances of information alteration when data is shared with ships and other off-shore tools on the recovering end, VeChain serves as a security solution for shipping companies, shipyards, and other bodies involved.
Dr. Hyun Joe Kim, Vice President of Samsung Heavy Industries Ship and Offshore Performance Research Center expresses excitement and optimism about the progress made by the firm.
We are very pleased that Samsung Heavy Industries has become the first shipyard to receive DNV certification for applying blockchain technology to its continuously developing SAS Automatic Navigation System and our SVESSEL eLogbook digital asset management system. We greatly appreciate DNV’s hard work in this cooperative research
Vidar Dolonen, the regional manager of DNV Korea and Japan also made a notable comment, asserting the relevance of Blockchains in the shipment industry. He explained.
Blockchain technology is a fundamental requirement for the future of ships and a necessary condition for responding to the upcoming maritime regulations. Collaborating with a well-known industry institution has become an important milestone towards more secure digital systems for ships.
VeChain’s adoption soar, as use-cases serve multiple companies
The VeChain blockchain boasts many achievements under its belt, as use cases for the blockchain are constantly expanding.
VeChain’s client base includes popular brands like BMW, MicroSoft, PwC, amongst others. Walmart is also one of VeChain’s clients who have recorded massive growth in transaction processing, after adopting the Blockchain for supply chain transparency.
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VeChain has also been recognized by U.S. Senator Pat Toomey, who spoke of the blockchain in a positive light, by referring to VeChain as a solid project.
In a similar fashion, Michele M., the head of the supply chain twin transition department at DNV pointed out the benefits that VeChain has brought to Walmart’s customer base.
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