“Blockchain and machine learning technologies can provide a solid foundation for the Customs and Border Protection’s 21st Century Customs Framework and could help ease larger cross-border criminal issues, vendors and lawmakers told the agency.”
“”Public distributed ledger systems can link manifests and invoices” using a secure data chain, providing opportunities for “real-time enforcement” against shippers of counterfeit products and money launderers, Sen. Bill Cassidy (R-La.), said at an event on the future of customs technology.”
“CBP Deputy Commissioner Robert Perez said the meeting is one of the first steps to address technological changes impacting the shipping industry and customs processing. The agency is officially taking public comments on how to proceed with the plan – dubbed 21CCF.” Read the full article here.
Source: How emerging tech can streamline trade and customs – By Mark Rockwell, March 1, 2019. FCW.