There is growing pressure for the bunker industry to introduce greater transparency into the way it conducts its business – and visibility on fuel quality is the cornerstone of this. Lesley Bankes-Hughes looks at how FuelTrust is delivering granular data on the fuel supply chain through the ‘twin’ approaches of AI and blockchain.
Blockchain allows companies to share information but not have it reshared. Likewise, if they want counterparties to have visibility into a transaction, but only a sub-set of it, then we can use the features of blockchain to enable that – so it gives really good privacy while at the same time allowing trust and transparency.” – Jonathan Arneault, CEO, FuelTrust
