Can blockchain speed things up at the Canadian border agency?
by Manoj Sharma for CNR
The Canada Border Services Agency (CBSA) has partnered with a blockchain-based platform, TradeLens, in a bid to make its systems more efficient it’s been revealed.
In order to track goods, businesses rely on many documents and many people, which, at times, are prone to misplaced documents and human errors, mainly in a fast-paced and high-stressed environment. CBSA is an ideal example of such a fast-paced, intensive operation, too. The agency processes about 14,000 trucks, 127,400 courier shipments, 58,600 commercial releases, and 240,000 mail items every day.
The Canada Border Service Agency, Cision, has now announced that it is testing out the technology with a blockchain-based digital shipping firm, TradeLens. The latter was created by IBM and Maersk as an efficient and secure global trading platform.
The president, John Ossowski, elaborated that the agency is investigating how blockchain can make processes more streamlined and transparent while making the system more efficient. He said that “his development is an example of the Government of Canada using innovative technology to easily and securely facilitate trade and engage in global trading ecosystems in a modern, productive manner”.
He continued, adding that “TradeLens could create a singular, trusted digital supply chain for all shipments entering Canada. The TradeLens pilot gives us an opportunity to not only find process efficiencies and gain analytical insights but improve data providence, accuracy and targeting capabilities. The end result may be a faster and more reliable national supply chain, which could positively impact Canada’s economic output”.
For those of us on the other end of border services, anything that adds efficiency and pace to the proceedings is going to be very welcome indeed…