February 16, 2021 real estate

Fulkrum Technical Resources joins SteelTrace platform


Fulkrum Technical Resources (FTR), a global provider of technical personnel specialising in QA/QC, inspection and vendor surveillance services to the energy industry, has announced an exciting new collaboration with SteelTrace, to ensure another level of protection when safeguarding traceability and digital secured inspection reporting for its clients.

Established in 2011, FTR has bases in the UK, US, UAE, Saudi Arabia, Brazil and Malaysia and has worked with many of the world’s oil majors and EPC contractors.

Energy majors are embracing digital transformation and innovative players in the industry are finding new ways to improve efficiency, traceability and transparency across operations, but particularly when it comes to valuable inspection data.

By partnering with SteelTrace, Fulkrum further confirms its trailblazing credentials in this field.

SteelTrace utilizes blockchain technology to manage all aspects of the steel supply chain.

FTR will use the platform to service its global customers, utilizing SteelTrace for product certification with fully digital and blockchain secured inspection reports.

Lauding the tieup, SteelTrace CEO Tom Meulendijks said: 'It is my pleasure to welcome FTR to the SteelTrace network and this is an important step in connecting the supply chain through a platform of digital collaboration.'

'The relationship fits with the SteelTrace vision of embedding the ecosystem of the steel supply chain into a standardized platform. We are excited to embark on this journey with an innovation leader such as FTR,' he added.

Andrew Bethel, the director at FTR, said: 'Our industry places huge importance on the integrity and safety of data with our practices coming under constant scrutiny to ensure that we are meeting the prerequisite standards. SteelTrace’s use of revolutionary blockchain technology, bringing security and transparency of data, was one of the key reasons for forming this partnership and we’re delighted to be working together.'

'This new product allows Fulkrum to guarantee that our active and archived data inspection reports cannot be changed, tampered with or replicated without smart contract validation which is an advancement not yet seen in the industry – allowing our customers to be confident that their equipment is safe and fit for purpose,' stated Bethel.

Blockchain is a shared digital ecosystem that is used to securely store and exchange data with third parties.

SteelTrace provides software solutions, utilizing blockchain technology, for steel used in chemical and petrochemical plants, jackets for windfarms, pipes and platforms.

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