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BunkerTrace Comes Up with Blockchain and DNA-Based Marine Fuels Tracking Solution

Recently, an experiment to manage marine fuels by blockchain and DNA tracers got success. The BunkerTrace plot a system that joins blockchain and DNA tracers to create a custody chain for supervising marine fuels. The owner of Prins derNederlanden dredger, Boskalis, filled the boat with 900 cubic meters of compliant fuel certified with ISO 8217:2010. He attached a tracer made by Minerva. In an onboard case, the crew members recognized the mark with blockchain transaction records.

This event helps in knowing the BunkerTrace system to change the IMO 2020 bunker fuel compliance, and hence, it is easy to trace the supply chain of marine fuels. The markers keep on adding at every stage of the supply chain, and each transaction recorded in the blockchain system. That is how the tracking of fuel takes place.

The DNA providers trace the movement of fuel, and on the other hand, the blockchain system is used to locate the digital interactions and transactions across the supply chain. It is an effective way to track the fuels and can be opted by owners, suppliers, insurers, and ports. This method can also check contaminated marine fuels. It also helps crew members to test the fuel before bunked.

The CEO of BunkerTrace, Marc Johnson, said that fuel quality is the priority. In the previous year, the owners and operators experienced fragmentation in the supply of fuels. They are highly interested in this product that helps in fuel tracking.

The General Director at Cooperative Bebeka, Harry Vasse, said that their main goal is to manage the fuel energy for now and in the future. The product profile is getting complexed in the marine energy market, and they are developing member protection tools. They completely support the idea of BunkerTrace. With the help of this technology, there is no compromise of fuel quality in the bunker chain.

The Head of Sales, Pablo Sanso Gil, said that the suppliers want to build good relations with their customers by developing trust.

In the trial, a tracer attached to the fuel through a dosing pump on its fuel line. It was loaded on the bunker barge of Minerva. Then, Bureau Veritas checked the fuel line and received empty cargo tanks. The crew of Prinslooked for the tracer by using the sampling kit. In a few minutes, the marker was detected, and samples were collected and checked before and after the tracer.

Ronald Cribbs: Ronald Cribbs is a reporter who has studied in Journalism and previously worked as a freelance reporter in well-known publications and financial news websites. He is regularly going for the interview with leading industry players of crypto space. He has been following cryptocurrencies since 2012.