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Brazil to trial blockchain for customs

supply chain import logistics - blog

Brazil's bCONNECT could prove to be pioneering for the use of blockchain in customs.

Brazil is to trial a new project involving blockchain that it hopes could streamline its customs processes.

According to www.contxto.com, the country's Receita Federal is launching bCONNECT to see if the technology can assist with security, identity verification and cost management.

In particular, the governing body is keen to ensure the integrity of any information shared concerning customs and exportation is not tampered with, and to verify the identities of those inputting information to the platform.

Read full article here.