NEW YORK: An advisory committee to the U.S. Customs and Border Protection (CBP) is looking into the applicability of the blockchain and how it can be used within the agency.
According to a published report, the working group was established by the Commercial Customs Operations Advisory Committee (COAC) in September. It was initially set up by the COAC and the Customs and Border Protection to determine issues relating to new technologies or the advancement of existing technologies, which will have an impact on trade.
The report suggests that the working group will be looking into the applicability of the blockchain on trade processing. An educational day provided by the Department of Homeland Security (DHS) on the distributed ledger and how it’s being used has already taken place. As has an identification day on the practical use cases that can be explored further.
