A mechanism to data to be backed up into a block system between ship – shipping company – Flag State to preserve credibility of system’s value and instantly accessible in case of an accident.
Blockchain-based systems offer an opportunity for improved tracking and traceability of fuel origins and quality by recording on a distributed ledger information and data collected throughout the bunker fuel supply chain.
Blockchain has been envisioned as a potential solution to address many of the challenges associated with paper or electronic Bills of Lading, by allowing for a decentralized, traceable, and immutable platform to document Bills of Lading, and to make them accessible to relevant parties.
Blockchain presents the way in which paperwork could be digitized in the maritime sector, thereby addressing some of the security concerns surrounding the use of IoT and digitization by assisting in tracking of shipments from origin to destination, and recording relevant data in a transparent, yet secure and trustworthy format, accessible to all relevant parties.
Digitalization of delivery validation and payment processing in shipping has the potential to reduce inefficiencies, reduce transaction costs, and save time and resources.
A producer can document product quality, environmental impact, and sustainability improvements distinctive to their products and make it available in a blockchain-based ecosystem. This creates differentiation in a competitive market increasingly looking for transparency and builds added trust in 3rd party validated sustainability claims. A product’s tag system containing a unique digital ID (Passport) with all relevant information could serve that role.
Digital certification and endorsement process utilizing a digital repository for verified crew documentation, training logs and approval system The certification can include effectively, and all associated documentation required to issuance.
A certificate is issued, the data is digitized, and a digital identity is assigned to each certificate. All certificates are tagged and traceable. The original is safely stored in the network of computers in the blockchain, commonly referred to as nodes. The certificate data is in parallel managed in the system.
With blockchain technology, all data recorded is both time-stamped and immutable. This means records cannot subsequently be counterfeited, and all data is openly accessible to port authorities.
Blockchain could offer immutability in the process as well as, instant reporting to Flag state authorities of emissions compliance to thresholds.
Blockchain could offer immutability in the process as well as, instant reporting to Shipping Companies, shore-based supervision and history traceability as deemed compulsory by ISM regulations. A Permit-to-Work system can be incorporated as well, with a strong effect in terms of safety regulations adherence.
By adding blockchain technology, all data recorded is both time-stamped and immutable. This means records cannot subsequently be counterfeited, and all data is openly accessible to port authorities.
By adding blockchain technology, all updates are recorded, time-stamped and immutable. This means records cannot subsequently be counterfeited, safe receipt of shipping operator is guaranteed and awareness is certain.
Aratos Maritime is actively involved in Research & Development Activities and participates in various research-oriented projects funded by the EU or national resources. The main focus of Aratos Maritime R&D activities is to pursue a broad scope of research interests, so as to understand and gain expertise on different subjects, as well as to undertake the development of challenging and innovative projects.
TECHNICAL PARTNERS
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BUSINESS PARTNERS
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