US Customs and Border Protection intends to trial a blockchain-based proof of concept system to track shipments. The agency's Commercial Customs Operations Advisory Committee (COAC) will run a month-long test at the end of August called Intellectual Property Rights Proof of Concept, which aims to facilitate and verify shipments through the use of a distributed ledger. According to an announcement from CBP, the pilot program is intended "to demonstrate that blockchain technology can be used for customs purposes in order to improve efficiency and reduce costs.
US Customs and Border Protection intends to trial a blockchain-based proof of concept system to track shipments. The agency's Commercial Customs Operations Advisory Committee (COAC) will run a month-long test at the end of August called Intellectual Property Rights Proof of Concept, which aims to facilitate and verify shipments through the use of a distributed ledger. The project originates from the COAC's next generation facilitation subcommittee, which investigates methods of improving trade and regulation within US Customs.