Sunday, May 26, 2019


DNV GL and NDS ink MoU to collaborate on digital assurance solutions
Monday, 11 March, 2019, 16 : 00 PM [IST]
Norwegian global assurance provider DNV GL and NDS (Nongshim Data System), a part of the South Korean food and beverage company Nongshim Co, Ltd, signed an MoU (memorandum of understanding) to collaborate on further developing digital assurance solutions, targeting food safety and traceability in the food and beverage industry in particular. However, the scope of the collaboration will also be extended to other industries.

NDS brings to the partnership relevant IT (information technology) solutions. including sensors, tags, mobile applications, blockchain and cloud solutions, and more.

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 and beverage value chain, in particular. The company 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. Italian wine is the first implementation.

The agreement was signed during the annual Global GFSI Food Safety Conference, which gathers over 1,100 experts working in the food and beverage value chain.

Luca Crisciotti, chief executive officer, DNV GL-Business Assurance, said, “Bridging the trust gaps is particularly important in the food and 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,” he added.

Crisciotti said, “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, chief executive officer, NDS, said, “The blockchain is considered as the most powerful platform for ensuring food safety. We have developed the blockchain platform specialised in food traceability based on accumulated know-how and qualified technology in the food industry.”

“As the level of Korea’s livestock traceability system and IT technology are well established, we look forward to expanding this blockchain platform globally partnering with DNV GL,” he added.
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