This year’s WCO Technology Conference & Exhibition in Maastricht was an eye-opening and successful event. featuring over 50 exhibitors, the conference explored the latest trends and developments in the field of technology that enable customs to operate in a fully digital environment and utilize data from across the trade ecosystem.
CT Strategies is proud to contribute to WCO’s customs modernization agenda. CEO, Andrew Farrelly, joined industry experts to facilitate a break-out panel session themed “Unveiling the potential of Blockchain for Customs and Trade” on Wednesday, October 19. This discussion uncovered the use of blockchain and distributed ledger technology (DLT) in the customs and trade realm, with a special focus on accessibility, end-to-end supply chain interconnectivity, data security, and immutability of data.
This WCO Technology exhibition was an excellent opportunity for customs administrations and stakeholders to explore technology-based solutions for customs modernization and capacity building, thus furthering their goals to enhance trade effectiveness and efficiency.
Other technology-related topics discussed during the three-day event include:
- Customs-to-Customs exchange of information
- Data analytics
- Artificial intelligence
- Machine learning
- Implications of the growing volumes of e-commerce on customs processes and procedures
We look forward to the next IT conference set to be hosted in Vietnam!