This month’s
report from the U.S. Commercial Customs Operations Advisory Committee (COAC) reveals that the U.S. government is working on blockchain projects for international trade. One of these projects, on intellectual property rights, is slated for live testing this month.
The COAC includes chairs from
FedEx, Walmart, and Expeditors International. Walmart’s representative, Barry Baxter, is a co-chair on the emerging technologies group, which has backed blockchain implementation.
The group has recommended the government’s customs arm to encourage blockchain adoption and ensure as many participants as possible get involved. Its report cites facilitation, transparency, and audits as areas customs trade could benefit from.
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