Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
IN-DEPTH<br />
Nick Brown<br />
Marine & Offshore Director<br />
LIoyd’s Register<br />
What will 2030 look like for the<br />
marine industry?<br />
The future poses many challenges but also opens many new opportunities. World trade is expanding. The shipping<br />
industry is constantly searching for cost-effective technology and business solutions to ‘future-proof’ their fleet<br />
and assets. The speed of innovation is rapid and the introduction of new technologies is swift.<br />
By Effat Mostafa<br />
On his most recent visit to the<br />
Middle East, Nick Brown, Marine &<br />
Offshore Director, LIoyd’s Register<br />
explained exclusively to <strong>Marasi</strong><br />
News the importance of LR’s latest<br />
developments to advance the<br />
maritime sector and cope with the<br />
latest technology trends.<br />
What are your views on the evolving<br />
landscape of the industry in the<br />
presence of the latest technologies,<br />
specifically the ones introduced by<br />
LR such as blockchain?<br />
It’s clear that shipping needs an innovation<br />
strategy to tackle the operational<br />
issues and regulatory challenges<br />
we are facing, and to find ways<br />
of being more competitive, environmentally<br />
and financially sustainable.<br />
At a time when all industries are making<br />
steps to adopt blockchain technology,<br />
it makes sense that maritime<br />
organizations also look to incorporate<br />
the breakthrough 21st-century<br />
distributed ledger technology (DLT)<br />
into existing processes where it could<br />
benefit safety and efficiency. That’s<br />
why, Lloyd's Register Foundation and<br />
Blockchain Labs for Open Collaboration<br />
(BLOC) collaborated to set up<br />
Maritime Blockchain Labs (MBL),<br />
which explores the use of blockchain<br />
for the assurance, efficiency<br />
and safety of critical infrastructure<br />
and to drive new business models for<br />
the global maritime industry. Lloyd’s<br />
Register also earlier this year announced<br />
the launch of its prototype<br />
blockchain-enabled Class register –<br />
the first demonstrator that can register<br />
ships into Class using blockchain<br />
technology - and further announced<br />
a co-operation project with Hyundai<br />
Heavy Industries (HHI), to explore<br />
the value of blockchain when applied<br />
to shipbuilding.<br />
Can we get detailed insights about<br />
the new “Digital Twin” descriptive<br />
notes?<br />
We recently announced our development<br />
of the first ever data-driven<br />
compliance framework for the marine<br />
46 NOVEMBER - DECEMBER 2018
Change language