Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Thu, 20 Feb 2020, 04:33 am UTC
Indonesia’s Customs and Excise Department has announced its plans to implement IBM and Maersk’s blockchain-based shipping solution, TradeLens.
According to a press release, the move follows the department’s initial announcement that it was joining the TradeLens ecosystem late last year. Indonesia Customs and Excise Department is the third government agency in Southeast Asia to use the platform.
Officially announced in August 2018, TradeLens is a digital global trade platform that enables more efficient and accurate container tracking and information sharing among platform members. By digitizing formerly paper-based shipping processes, it facilitates instantaneous and immutable end-to-end data.
“The customs and excise department aims to leverage the blockchain solution to simplify the exchange of goods, automate documentation and increase co-operation and communication between counterparties,” Agus Sudarmadi, Custom and Excise Director, said. “With the Collaboration Application Programing Interface [API] concept, all logistics activities including trucking, warehousing, shipping and freight forwarding at both domestic and global levels can now be brought together and shared through a single platform — TradeLens.”
By digitizing the processes, TradeLens will provide the department with an automatic and immutable tracking tool which will lead to a more secure, transparent, efficient and simpler workflow, with near real-time information sharing from a diverse network of ecosystem members.
With authorities receiving shipping data as soon as containers leave the port of origin, the Customs and Excise Department will have more time to prepare to receive shipments. This, in turn, would enable more efficient and thorough fraud and forgery inspections as well as more consistent and transparent revenue collection processes.
“TradeLens will help bring further visibility, predictability and security to us and will be a real asset for trade and transport facilitation, making Indonesia the preferred logistics and transport gateway in this region. It will also enable us to fulfill our mission to facilitate trade and to promote national logistics systems as well as contribute to the development of the national economy while meeting the most up-to-date standards set by the World Customs Organisation (WCO),” added Sudarmadi.
The TradeLens ecosystem has grown to over 100 member organizations, which includes carriers, freight forwarders, customs authorities, port authorities, and others. The platform currently handles 10 million events and over 100,000 documents every week.
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