PRESS RELEASE: Lloyd’s Register Foundation (the Foundation) and Blockchain Labs for Open Collaboration (BLOC) today announced a funding partnership to set up Maritime Blockchain Labs (MBL), which will explore the use of blockchain for the assurance and safety of critical infrastructure and drive new business models for the global maritime industry.
The Foundation is one of the founding members and lead funder of the initiative. Over the next 18 months, the collaboration will provide resources for Maritime Blockchain Labs to pursue three demonstrator projects focussed on aspects of risk and safety where distributed systems can enable breakthrough solutions. More information on these will be announced soon.
Another objective of MBL is to establish an ecosystem within the sector to foster innovation and collaboration between blockchain practitioners and industry actors, share knowledge and best practices, collectively define problems, and shape solutions that are open and interoperable.
BLOC is an organisation established to drive and deliver thought leadership, stakeholder capacity building, rapid demonstrator prototyping, and open, collaborative research and development within the maritime and energy industries and carbon markets.
