U.S. Customs and Border Protection to Utilize Blockchain Technology

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An advisory committee to the U.S. Customs and Border Protection (CBP) is researching the use of blockchain technology for 14 proposed cases, according to a report published earlier this week.

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“The group came up with 14 proposed use cases. They included ideas such as capturing and keeping track of partnering government agencies licenses, permits, certificate of origin reporting and free trade agreement product qualifications, carnets and bonded movement tracking,” stated the report.

The document specifies that the committee is considering those use cases and establishing how blockchain technology might be utilized.

Whether the CBP will take these proposals and implement them into practice has yet to be seen.

Recent work within numerous U.S. departments indicates a high likelihood of CBP incorporating blockchain technology.

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