Thai Customs will use IBM and Maersk's blockchain platform to streamline cargo tracking processes

According to Coindesk's August 30 report, Thailand is integrating IBM and Maersk's blockchain projects to streamline its cargo tracking process.

Arnold-maersk-883927_960_720

(Source: »

The Bangkok Post reported on Thursday that as part of Thailand's 4.0 policy, Thai Customs will use TradeLens, a logistics platform jointly supported by IBM and Maersk. Thailand will be the second member of the Association of Southeast Asian Nations to use the platform after Singapore.

Since the founding of TradeLens, more than 90 different companies have joined and used the platform.

According to the report, Thai customs officials will be notified when the container leaves the departure port in order to better prepare for the arrival of the goods.

Patama Chantaruck, vice president and general manager of IBM Thailand's Southeast Asia Peninsula business, told local media that integrating blockchain tools will help modernize national and international trade. When it comes to TradeLens, she says:

TradeLens will provide the Thai Customs with an automated, unalterable tracking tool that will lead to a safer, more transparent, efficient and simple workflow, as well as near real-time information sharing from networks of different ecosystem members.

According to the Bangkok Post, improving data transparency allows for more effective inspections of fraud and counterfeiting and more efficient collection of relevant information.

In October last year, Thai Customs held a dialogue with representatives of TradeLens. According to reports at the time, the plan will be implemented first at the Port of Chuanburi and then in Bangkok.

In order to implement TradeLens, Thailand has joined other national regulatory agencies and 15 shipping routes.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Starting to decentralize the game platform: Is it a good day to break the monopoly?

On May 31 , Xiao Xiao invited the founding partner of Xingyao Capital, Liu Jiang, founder of Xingheng Education, Chen...

Blockchain

IMF urges Philippine central bank to collect crypto exchange transaction data and use data for macroeconomic analysis

According to Cointelegraph reported on January 2, the International Monetary Fund (IMF) urged the Philippine Central ...

Blockchain

Data report: Which exchanges are the most used in currency, fire, and OKEx?

(Image courtesy of 2Bitcoins.ru ) The Blockchain Transparency Institute (BTI) recently released a market monitoring r...

Blockchain

The digital currency exchange has been caught in the throat by the legal currency.

Under the premise of a constant total circulation, money acts as a catalyst for rapidly transforming production mater...

Blockchain

Intercontinental Exchange CEO: The bear market will boost the implementation of the Bakkt Bitcoin futures program

According to Coindesk's May 3 report, an executive at Bakkt's parent company on the Bitcoin Futures Exchang...

Blockchain

Futures Exchange Industry 2019 Phase II Research Report

Summary of points: 1. From January to July 2019, the volume of digital passbook futures increased significantly. The ...