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US Customs Officials Assessed Blockchain Capacity For Supply Chain

Published: 12/10/2018
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What is it for?

US Customs and Border Protection (CBP) has completed the testing stage of blockchain technology (BT) with an aim to deploy it in the supply chain management, as stated in the official press release. CBP intends to study the capabilities of distributed ledger technology (DLT) until the end of 2018.

 

At present, CBP is striving to determine how the platform based on blockchain can help improve the monitoring of goods delivery worldwide under the international agreements the North American Free Trade Agreement (NAFTA) and the Central American Free Trade Agreement (CAFTA), which are to be replaced in the near future.

 

Celeste Catano, global product manager at BluJay Solutions, which collaborates with CBP, noted that officials are now evaluating the place and role of BT in their government operations. According to her, the testing of blockchain solutions for NAFTA and CAFTA certificates was successfully completed at the end of the previous week. Now experts have to decide whether this technology is suitable for such projects.

 

As previously reported, Bill Clinton appreciated the potential of DLT. The 42nd President of the United States believes that blockchain has a great future because the technology can cross country borders and those of different social groups.

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