Copy link
Increase text size
Decrease text size
Link copied

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.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.07.20 11:08:39
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more info....contact me on whatsapp :+12067425358 happy new year to you all .......................................................................
  • 0
  • ·
  • 0
  • andrewjabel
  • 2020.06.01 16:29:42
Its actually my pleasure to create this awareness of binary option(online) trade which i have invested in for years and was not profitable and encouraging until i got the best strategy for calculating the actual time to invest in other not to lose my money. now i make $15000 every week." make money from that strategy"for further information contact me on>>>>> [email protected] thank you 
  • 0
  • ·
  • 0
  • andrewjabel
  • 2020.06.01 16:29:32
Its actually my pleasure to create this awareness of binary option(online) trade which i have invested in for years and was not profitable and encouraging until i got the best strategy for calculating the actual time to invest in other not to lose my money. now i make $15000 every week." make money from that strategy"for further information contact me on>>>>> [email protected] thank you 
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $19,364.60 (+2.07%)
  • Ethereum (ETH) $613.80 (+4.11%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Litecoin (LTC) $88.39 (+2.50%)
  • Chainlink (LINK) $13.93 (+1.66%)
  • Bitcoin (BTC) $19,364.60 (+2.07%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft