US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

Must Read

NiceCash Lets Anyone Get Maximum Out of DeFi

in One Click NiceCash launches its nVaults -...

CubeBit has come forward to sponsor Future Blockchain Summit 2020

November-18-20 - CubeBit 2.0 has come forward to sponsor Future Blockchain Summit 2020. The event will be held at...

Bitcoin Eyeing $11800 After Intense Drop

As we saw earlier today, Bitcoin started by declining from $11349 to $11176, roughly 1.76%.
- Advertisement -BTCClicks.com Banner
Earn Free Bitcoin

A United States Customs and Border Protection (CBP) advisory committee, is planning to launch a live test of its blockchain-based intellectual property rights proof of concept.

The Commercial Customs Operations Advisory Committee (COAC) will run its tests from late August to late September, per a report published on the CBP’s website. The COAC advises the Secretaries of the Department of the Treasury and Department of Homeland Security. 

The announcement specifically comes by way of COAC’s Next Generation Facilitation Subcommittee, an entity comprised of four working groups that aim to improve trade and government within the CBP.

Currently, the subcommittee is involved in three ongoing proof-of-concept projects involving blockchain technology. One of these is called the “Intellectual Property Rights Proof of Concept,” which is an attempt to run shipments via blockchain, relying on pre-existing licensor and sublicensee relationships.

According to the COAC’s most recent report, this particular proof of concept will undergo live testing starting in August:

“The working group has been active with the current POC on IPR. Since the last in person meeting in March, the working group has progressed through the overall project design, implementation of the initial engineering plan, and integration of Trade and CBP systems. Live testing of the system will start at the end of August and conclude late September.”

Prior blockchain shipment testing 

As previously reported the CBP ran a live test for a blockchain-based shipping project back in 2018. This project tested a blockchain-based system for tracking shipments. The system itself reportedly was a combination of CBP’s legacy application and a blockchain-based platform developed by the Department of Homeland Security.

Vincent Annunziato, the director of the CBP’s Transformation & Innovation Division, remarked that he believed blockchain platforms were insufficiently compatible with each other. As part of the testing, the CBP reportedly intended to set standards of interactions between different blockchains, so that all firms and software could easily connect to customs in the future.

- Advertisement -
- Advertisement -

Latest News

Wyoming Amends Insurance Code to Allow Insurance Companies to Invest in Bitcoin & other Cryptos

In the first provision of its kind, Wyoming is allowing the domestic insurers to invest...
- Advertisement -Earn Free Bitcoin

CubeBit has come forward to sponsor Future Blockchain Summit 2020

November-18-20 - CubeBit 2.0 has come forward to sponsor Future Blockchain Summit 2020. The event will be held at the Dubai World Trade Centre,...

USDT Is A Game Changer For Online Poker

CoinPoker - the flagman of the industry, the biggest and the oldest pure crypto poker room is the first to...

DeepTradeBot: The innovation of large companies at your service

DeepTradeBot is a collection of automated trading tools developed by Deep Neuro Networks LTD, a London, England-based company dedicated to artificial intelligence and...

Flyp.me Instant Crypto Exchange Now Supports REN Token Trading

Decentralized finance is leading the way of the cryptocurrency industry, with the REN Protocol at the front. REN Protocol is...