U.S .. Customs and Border Protection (CBP) plans to test blockchain technology to verify certificates of the North American Free Trade Agreement (NAFTA) and of Central American America (CAFTA).
The head of the CBP division of innovation and business innovation Vincent Annunziato stated that the agency was the start of a "live fire test" of a blockchain platform to certify that the imported products were originated where they claim during the Trade CBP Symposium 2018 in Atlanta, according to American Shipper.
The new system, to be launched in September, is going to help CBP verify information about imported goods and see how foreign suppliers act against American importers, he said. The system can also be used to authenticate trademarks and control the physical properties of an article.
"I can also come in and say," hey, I need some information on sewing ", or" I need information about what colors are vital, " 39; "said Annunziato.
Annunziato said the blockchain system could be used in a & r; mobile app, which will replace a manual process based on paper for the verification of such information, thus simplifying the agency's work.
He also provided an update to the agency's work with the Advisory Committee on Commercial Customs Operations (COAC). As previously reported by CoinDesk, the COAC formed a special advisory group to Secretaries of Treasury and National Security on the commercial operations of the agency last November. It is said that the body focuses on emerging technologies in general and on the blockchain in particular.
This week, Annunziato confirmed that the committee was working to develop a proof-of-concept blockchain platform to verify intellectual property by confirming the relationship between licensees and licensors. The technology could ultimately eliminate paper processes, manuals and databases, the CPB's hopes.
The CBP press office did not respond to a request for comments at the time of the press.
U.S. CBP image via Roman Tiraspolsky / Shutterstock