Future of customs: blockchain and data analytics
Developments in data analytics and blockchain can provide customs with efficient tools for their daily work and facilitate trade for shippers, as it was stressed by Yao-Hua Tan, Prof. Dr. from Delft University of Technology and the scientific coordinator of several EU projects in supply chain.
At the meeting with the Directorate-General for Taxation and Customs Union of the European Commission he said that a blockchain platform is very suitable for sharing logistics events and documents among all parties in supply chains. The data cannot be changed. It stays secure – competitors can not access it without authorisation. However, the data can always be accessible for customs. Customs can use a blockchain platform as a data pipeline solution to collect extra business documents to detect fraud in customs declarations – invoices, packing lists, various certificates.
Yao-Hua Tan underlined that companies are willing and able to share their trade data via IT platforms with customs if this sharing provides trade facilitation. Several pilots are testing block chain and data analytics solutions at different customs all over the world including Belgium and the Netherlands. DG TAXUD is actively following the developments and participating in innovative projects.
For more information, please see the presentation of Prof. Dr. Yao-Hua Tan.