NORWAY, Oslo. DNV GL and NDS (Nongshim Data System) signed an MoU to collaborate on further developing digital assurance solutions, targeting food safety and traceability in the food & beverage industry in particular.
However, the scope of the collaboration will also be extended to other industries.
Part of the South Korean food & beverage company Nongshim Co., Ltd., NDS brings to the partnership relevant IT solutions including sensors, tags, mobile applications, blockchain and cloud solutions, and more. The Norwegian global assurance provider DNV GL brings its 150 years of experience in audits, verification and assessment services, including data validation and experience in supply chain management and the food & beverage value chain, in particular.
DNV GL also brings to the table its digital assurance solutions already on the market as well as the strategic partnership with Vechain. DNV GL recently released My Story – giving brands a unique opportunity to share verified product data with consumers – powered by VeChainThor.
The agreement was signed during the annual Global GFSI Food Safety Conference, which gathers over 1,100 experts working in the food & beverage value chain.
Luca Crisciotti, CEO, DNV GL-Business Assurance said: “Bridging the trust gaps is particularly important in the food & beverage sector, where consumers have a strong and justified need for verified product information. We believe an ecosystem approach is the best way to increase levels of transparency and trust, with innovative solutions that bring together various technology elements combined with verification activities. We are delighted to have NDS as a new partner in the provision of digital assurance solutions to meet our customers’ needs.”
Joong-won Kim, CEO, NDS commented: “The blockchain is considered as the most powerful platform for ensuring food safety. We have developed the blockchain platform specialized in food traceability based on accumulated know-how and qualified technology in the food industry. As the level of Korea livestock traceability system and IT technology are well established, we look forward to expanding this blockchain platform globally partnering with DNV GL."