U.S. Customs and Border Protection plans to verify NAFTA and CAFTA certificates of origin with the help of blockchain beginning in September, American Shipper Reports.
CBP Business Transformation and Innovation Division Director Vincent Annunziato told reporters on Tuesday during CBP’s 2018 Trade Symposium in Atlanta that CBP hopes the use of blockchain will allow the agency to gather more accurate information about the subject goods from the country of export and verify that suppliers in other countries are compliant along with their U.S. importers.
“Really what the government’s trying to do is twofold: One is to help blockchain along in a healthy manner for increasing market adoption, and the other thing is we’re trying to prepare ourselves in a proactive way to be ready for when private industry begins to really take off with this technology,” Annunziato said during a media engagement.
To read the full original article, please click here.
![Getty Images 899823216 [converted]](https://img.sdcexec.com/files/base/acbm/sdce/image/2018/03/GettyImages_899823216__Converted_.5ab531b2b91d9.png?auto=format%2Ccompress&fit=crop&h=75&q=70&rect=58%2C21%2C836%2C470&w=75)
