Thailand Customs Department partners with IBM for blockchain shipping

The Customs Department of Thailand has partnered with IBM Thailand Co. and logistics provider Maersk to deploy the TradeLens digital trade platform. This platform will use blockchain technology to provide more shipping data on goods and help prevent fraud and forgery, according to a report by the Bangkok Post.

The companies will implement the platform first at Laem Chabang Port in Chon Buri and then at Bangkok Port. The goal of the platform is to create a more transparent, accurate trading system while helping eliminate paper.

“TradeLens will provide the Thai Customs Department with an automatic and immutable tracking tool, which will lead to a more secure, transparent, efficient and simpler workflow, with near real-time information sharing from a diverse network of ecosystem members,” Patama Chantaruck, vice-president for Indochina expansion and managing director of IBM Thailand, said in the report.

Topics: Blockchain, Region: APAC, Security

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