Customs and border protection, U.S. (CBP) plans to use blockchain technology for verifying compliance with the rules of free trade agreements NAFTA and CAFTA certificates.
In the North American free trade area (NAFTA) includes the United States, Canada and Mexico. The free trade agreement CAFTA unites Dominican Republic and five countries in Central America.
Director of business transformation and innovation CBP Annunziata Vincent (Vincent Annunziato) reported that “field test” blockchain platform will begin in September. Its purpose is to confirm that imported products are produced where stated.
In addition, the system will allow the Agency to inspect and other information about the imported products, it can also be used for authentication of trademarks and examination of physical properties of the product.
In CBP we hope that the use of blockchain technology will help in the end to abandon the paper work. As an example, Annunziato led authentication and physical properties of imported Louis Vuitton handbags. On the blockchain the platform, he said, you can quickly request to obtain data, for example, where it is sewn and what needs to be in color.
In principle, all this information is contained in a 150-page document accompanying the goods. But look for it it is necessary manually, said the representative of the CBP.
We will remind, earlier the Ministry of national security of the United States has provided a grant to startup Factom for beta testing opportunities ensure the security of data CBP collected by the monitoring equipment, such as cameras and sensors, using blockchain technology.