• DNV, a global provider of assurance services and one of the world’s leading certification bodies, announced a partnership with blockchain company VeChain in 2018.
• Through this partnership, DNV was able to record 16.6 percent growth year-on-year in 2022 and retain its top spot as one of the largest companies in the industry.
• The company also reduced its carbon footprint by 50 percent on its 2019 baseline.
VeChain Partnership Leads to Record Growth for DNV
In 2018, global provider of assurance services and one of the world’s leading certification bodies DNV announced a partnership with blockchain company VeChain. The purpose of this collaboration was to use its network to improve the transparency of products and supplier information as well as enhance supply chain efficiency. This proved beneficial for DNV who recorded a 16.6 percent revenue growth year-on-year in 2022 and retained its top spot as one of the largest companies in the industry.
DNV Achieves Five Year Strategy Goals
In 2021, DNV launched a five year strategy with an ambitious goal – 45 percent revenue growth target which it achieved through organic growth across all business areas as well as acquisitions in key areas that contributed 2.3 percent to their revenue growth. Additionally, they increased their number of employees by 18 percent while reducing their carbon footprint by 50 percent on their 2019 baseline.
Sunny Lu’s Statement
Sunny Lu, CEO of VeChain commented on the partnership stating: “Blockchain has many applications beyond the financial sector and I’m glad that DNV has recognized the revolutionary impact it can bring to supply chain management” He further assured that VeChain is ready to help other billion dollar companies increase trust in their products across multiple dimensions including quality, safety, performance aspects etc.,
Remi Eriksen Comments on Growth
Remi Eriksen, Group President and CEO of DNV said: “We are shaping the future of assurance to provide trust and help our customers keep their operations safe, efficient, sustainable, and compliant during this period of uncertainty and beyond”
Conclusion
It is clear that through its partnership with VeChain – an enterprise blockchain platform – DNV was able to achieve significant success for itself despite being faced with challenges due to external factors such as pandemic related disruptions etc., It goes without saying that more billion-dollar enterprises should look into blockchain technology if they want similar results for themselves going forward!