Royal Malaysian Customs Department (RMCD) joined the blockchain ‘TradeLens’ platform in an effort to modernize the shipping processes and create greater transparency within the operations.
In fact, this collaboration boosts the country’s effort to promote trading and economic stability by facilitating ease of doing business.
By adopting TradeLens, we hope it will enable us to fulfill our mission to facilitate legitimate trade, help combat smuggling and modernize the national logistics systems in support of Malaysia’s digital economy aspirations.
….Dato’ Sri Abdul Latif bin Abdul Kadir, Director-General of Royal Malaysian Customs Department, stated.
In addition, TradeLens from its side, will provide RMCD with an automatic and immutable tracking tool, which will lead to a more highly secure, transparent, efficient and simpler workflow, with near real-time information sharing from a diverse network of ecosystem members.
To remind, the TradeLens platform, jointly developed by A.P. Moller – Maersk and IBM, digitizes the voluminous, time consuming paper-based shipping processes.
In fact, through the platform, authorities will be able to receive shipping data as soon as containers leave the port of origin.
By joining TradeLens, we aim to boost the efficiency, transparency and collaboration across supply chains. TradeLens will help us bring further visibility in a highly secure environment and will be a real asset for trade and transport facilitation, making Malaysia the preferred logistics and transport gateway in the region.
…said Dato’ Sri Abdul Latif bin Abdul Kadir, added.
What is more, Royal Malaysian Customs Department will have permissioned visibility into supply chain activities with verified, highly trusted and near real-time data.
Concluding, RMCD joins a number of government authorities, shipping agencies, ocean carriers and port to have partnered with IBM and A.P. Moller globally.