Thai Customs Department Adopts TradeLens Blockchain

Asia Blockchain Review
September 7, 2019
Thai Customs Department Adopts TradeLens Blockchain

IBM Thailand revealed that the Customs Department of Thailand is adopting the TradeLens blockchain platform in cooperation with the company as well as logistics services operator Maersk, as part of the government’s Thailand 4.0 development agenda.

Cutting Down on Customs Paperwork with Blockchain

Patama Chantaruck, Managing Director of IBM Thailand, said that TradeLens is a blockchain-powered logistics system that serves as an immutable tracking tool, offering users more efficiency and transparency in their operations.

“Traditionally, the Customs Department would require more than 200 pieces of documentation per shipment and over 300 people managing the necessary paperwork. With blockchain, the department will be able to cut costs and improve overall workflow during the shipping process,” said Patama.

She added that the database on TradeLens will be accessible only to approved parties in order to ensure the security of the shipment. IBM had trialed the system by tracking a shipment of Valencia oranges from California to customers in Thailand.

Developing Tracking Apps for Shipping

Meanwhile, Chuchai Udompote, Principal Adviser on the Development of the Customs Incentive System for the Customs Department, revealed that the agency aims to fully utilize the TradeLens system.

“Within the next three months, the platform will be rolled out at Laem Chabang port,” said Chuchai. “As of today, we can already track the documents on the blockchain, but we are still developing an application that will allow users to track and analyze shipping data in real-time.”

He added that the project will soon be implemented at the Bangkok port, while the department is exploring the use of the eGuarantee system for implementation in the near future.

Source: https://www.thereporter.asia


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