Yesterday the
Canada Border Services Agency (CBSA) announced plans to pilot
TradeLens the IBM/Maersk blockchain shipping platform. The CBSA is responsible for customs services as well as border control and immigration.
On an average day, the CBSA process 58,600 commercial releases, 14,400 trucks, 240,000 mail items, and 127,400 courier shipments. That results with an average daily collection of CDN$ 88 million.
During the pilot, the agency aims to find out whether TradeLens can speed up business processes. It’s also hoping for improved transparency once cargo arrives at the port, and to cut the number of transactions needed to make customs decisions for shipments.
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