CBP Testing Blockchain to Verify NAFTA and CAFTA Certificates of Origin

U.S. Customs and Border Protection’s (CBP) Business Transformation and Innovation Division Director, Vincent Annunziato, stated that CBP will begin testing blockchain technology functions within a live environment. According to American Shipper, the CBP blockchain test will involve the technology’s ability to validate NAFTA and CAFTA certificates of origin. Annunziato states that CBP is investigating the technology … Read more

Digitizing Container Shipping Operations

The Boston Consulting Group (BCG) has released a report encouraging carrier companies to adopt digital solutions across their operations, particularly as new competitors enter the market using digital solutions that provide complete end-to-end services. This competitive advantage has the potential to reduce traditional carrier roles to commoditized ocean freight services. BCG identifies 7 digital trends which … Read more

IBM and Maersk Form Joint Blockchain Venture Aimed at Modernizing Trade Management Technology

Pending merger approval by regulators, by the second half of 2018 IBM and A.P. Moeller-Maersk A/S will launch a joint company utilizing blockchain technology to manage cargo shipping. Danish-based Maersk is the world’s largest container shipping line and will own 51% of the venture, while IBM will provide the back-end support for the technology and own … Read more

Homeland Security to Use Blockchain in Tracking Goods & People Globally

As reported by Cointelegraph, the U.S. Department of Homeland Security (DHS) has begun steps for the implementation of Blockchain technology into their IT infrastructure. DHS expects this technology to better secure data collected by security cameras, sensors, and internal databases by preventing the manipulation of data gathered by devices, such as those located at U.S. … Read more