A chamber of commerce used blockchain to certify an export consignment in South-West England.
The engineering company Renishaw received the certificate using Business West’s pilot project. In May the Singapore International Chamber of Commerce issued the world’s first blockchain based e-Certificate of Origin.
South Korea is working on a similar project.
Certificates of Origin are necessary in international trade to prove where the goods were made or produced. Hence customs authorities can check whether various customs laws or duties apply.
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