The First Commercial Product on an Ethereum Second Layer — A Partnership with Fjord Maritime
Tags: Blockchain, Seafood, Ethereum, Environmental Issues

The First Commercial Product on an Ethereum Second Layer — A Partnership with Fjord Maritime Jacobo Follow Dec 11, 2020 · 3 min read

Today marks the announcement of our project with Fjord Maritime…

Fjord Maritime is a leading Norwegian company focused on electrifying the Seafood industry, via their solution Fjord Hybrid.

The last five months we have been actively involved in building an Industrial IoT solution together with them, to help their customers measure the carbon footprint of their operations.

We do so by integrating nahmii with a set of IoT sensors on the seafood barges. They capture key data which indicates if the facilities are being provided with energy from diesel generators or from stored power in batteries.

Those millions of data points are being captured and being secured using nahmii. That data will be available and verifiable as unaltered by any third party at a later stage.

This project has been done in liaison with Grieg Seafood, one of the world’s largest Seafood companies.

An initial PoC was deployed in September and the MVP was deployed last week into a barge in the North Sea.

Why blockchain and why nahmii?

Blockchain technology has proven to be the right solution to use to accomplish this project.

We have worked to get nahmii as close to the IoT devices as possible eliminating human intervention. This allows the minimisation of trust in an IoT solution. The commitments made to nahmii are secured by Ethereum, such that data cannot be modified later. This allows for regulators and all stakeholders to have reassurance that the data collected is real and relevant for usage.

Having said that blockchain is key, this solution could not have been built without nahmii.

Securing millions of data points per day per installation requires a high TPS but equally important is the finality of the transactions, avoidance of any latency and the knowledge beforehand of the cost.

Implementing this solution with well established partners such as Fjord Maritime and Grieg Seafood has also settled our 3 year old hypothesis that, to run any commercially viable solution on the blockchain, the players involved must know the total cost of ownership (TOC) of running their product; unpredictable fees cannot work.

nahmii is key.

What’s next?

The potential of the solution is of global proportions and the timing is perfect.

The world needs a better approach to make every part accountable for the emissions they produce on the planet if we want to meet the Paris 2030 Agreement.

nahmii can help.

This is the first implementation of many to come and, through our partner Fjord Maritime, we already have considerable feedback across multiple industries and large players. More solutions will be implemented and deployed. The use case will keep on maturing and growing.

In the current implementation fees of value will not be generated on nahmii as we will begin by using a dummy token. This will change over the coming weeks. Over the next year the development of these fees across a suite of implementations of this solution will grow exponentially.

We want to thank our partner, Fjord Maritime, for giving us the opportunity to build the very first commercially viable solution ever built on a Layer 2 protocol on Ethereum. It has been a wild ride so far, but the best is still to come.

We also want to thank Joe Lubin and Tom Lindeman from our partner ConsenSys for the shoutout on Fjord Maritime’s video and their continuous guidance.