Friday, July 30, 2021

Tag: blockchain technology

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Royal Malaysian Customs Department joins TradeLens

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 ...

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