Lloyd’s Register [LR] recently announced Blockchain pilots for organisations serving the food sector. Building on research from the Lloyd’s Register Foundation - the pilots will focus on delivering client and consumer value alike.
Blockchain takes food supply chain transparency to a whole new level and empowers greater responsiveness to food safety; these two factors alone are driving significant levels of interest across the sector. However, LR is taking a research and pilot-led approach to ensure that their Blockchain solutions are robust and credible.
“At LR, we are watching Blockchain developments with great interest,” said Duane Wood, Lloyd’s Register Marketing Director, Management Systems. “Whilst the issue of the scalability and interoperability with existing systems remain a cause for concern - along with costs - we are on the verge of transforming the way in which we operate; exciting times lie before us.” There has clearly been a ‘rush to market’ by many assurance providers but LR believes that there is a need to focus on delivering credible Blockchain solutions that not only deliver client value but are constructed properly.
“From marine classification to Blockchain, LR has always been at the forefront of embracing new technologies and adapting to provide assurance that resonates with changing market requirements. We help businesses evolve by connecting them with tomorrow’s thinking, today,” explained Wood. “By combining deep technical and domain expertise, industry knowledge and an empathy rooted in over 250 years’ experience, we exist to assure a better future for our clients, their customers and the world.”
To register your initial interest for a pilot please email firstname.lastname@example.org.