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Supply Chain Risk

DNV unveils COVID-19 risk management platform using VeChain blockchain – Ledger Insights

The Oslo-based assurance firm DNV GL has announced the release of MyCare, an infection risk management solution that uses blockchain to store evidence of companies’ effective policies in the COVID-19 era. The company has over 15,000 employees globally and serves more than 110,000 customers.

The platform uses the ToolChainTM BaaS Platform developed by VeChain, whose blockchain infrastructure DNV GL has been using since early 2018 and in which it invested. It previously used this platform to develop the supply chain assurance solution MyStory last year.

The solution aims to tackle the difficulties of making workplaces safe environments that conform to regulations in the wake of the COVID-19 pandemic. In particular, the health and safety offering looks at the need to integrate new risk management policies into existing processes, ensure company-wide implementation, and in the process assure customers of safe and ethical practices.

Through
MyCare, DNV GL undertakes a number of assessments of a firm, looking
at the readiness and maturity of its risk management processes. It
then provides bespoke services that create “tailored customer
programs based on the MyCare methodology” which develops
a protocol for training staff and
assessing further risk.

These
assessments are undertaken by consultants and lead auditors trained
according to the International Safety Rating System and ISO 45001
Health and Safety regulations respectively.

Once
DNV GL has developed and approved a company’s policies, the
assessment and policy information is then stored on the VeChain
blockchain. This information is made easily accessible to customers
and other stakeholders, who can access it by scanning the QR code
embedded in the MyCare trust mark.

Sunny
Lu, co-founder and CEO of VeChain, said “As
we contend with the new normal due to COVID-19, the demand for trust
has never been so important. Blockchain will be one of the driving
forces to increase confidence in data integrity, business
credibility, and mutual trust in multi-party collaboration”.

The
large Finnish shipping company Viking Line became the first major
firm to onboard the MyCare system on June
17th
2020.

VeChain
recently launched a digital
healthcare passport
solution for a Cyprus hospital which was
later extended for COVID-19
testing
.


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