Similar content

Digitalization has simplified Customs clearance in many areas, especially in the declaration of imports and exports. However, various data discontinuities and queries unnecessarily delay cross-border … process flows. A group of major logistics companies, software providers and researchers is driving an initiative which could change this. Called the “Open Customs Blockchain”, it focuses on developing and applying blockchain technology for the exchange of key Customs data in foreign trade.

Customs administrations and trade operators both want to reduce the complexity of compiling and exchanging data. However, there can be tension between the Customs administration’s need to access … data and the company’s need to protect confidential information. This article presents two solutions for analysing and reporting data which ensure strong data protection by allowing access to the data without the need to move them around.

In order to stimulate 'thinking outside the box' in the EU debate on the future of the Customs Union, the European Commission has established a Wise Persons Group on Challenges Facing the Customs … Union (WPG) to reflect on four key topics: e-commerce, risk management, the effective management of non-financial tasks and the future of customs governance structure. The group consists of 12 representatives of business, science and state institutions. The result of their work is presented in the report published on 31 March 2022, reviewing both the current customs situation and the origins of the systemic problems, as well as providing 10 recommendations for a major breakthrough.

According to research, a single container shipment can generate up to 200 communications, and the administrative cost of processing the accompanying documentation is estimated to be 15‑20% of … the overall cost of transporting the goods. It is therefore essential to find easier, more efficient ways of transferring data and documents, and verifying and archiving documentation.

Korea Customs Service (KCS) has introduced a range of measures since early 2010 to respond to a growing number of imports and exports generated by online sales and purchases by both businesses … and individuals, given the strong upward trend in cross-border e-commerce. In this article, the focus is on the use of three types of technology to enhance current KCS targeting capacities: blockchain, artificial intelligence and big data.

Since the Bitcoin boom in recent years, everyone has been talking about blockchain. The new technology is intended to ensure digital security and revolutionise transaction processes. Many equate … blockchain with the digital currency Bitcoin. However, blockchain can deliver decisive advantages not only in cryptocurrency, but also in the area of customs. That is why it is important for you to know: What is blockchain anyway? How does the technology work and how could it be used in customs? We will explain that and more in this article.

Singapore is spearheading the implementation of TradeTrust, which is a framework comprised of a set of globally accepted standards to facilitate the digitalization of documents used in international … trade and logistics and their interoperability, and also a set of software components that connect to a blockchain backbone IT infrastructure. Economic operators and public and private institutions using TradeTrust will create a global network of trusted partners for the exchange and verification of digital trade documentation across borders. The ultimate objective is to enable a more seamless flow of goods between trading nations and reduce the inefficiencies and complexities generated by the use of paper-based documentation, making cross-border trade simpler and safer.