COAC Draft Blockchain Recommendations Say CBP Should Push for Global Standards
CBP should work toward global data standards to help propel blockchain use for customs, the Commercial Customs Operations Advisory Committee (COAC) Next Generation Facilitation Subcommittee said in draft recommendations. CBP released the document ahead of the May 30 COAC meeting. "COAC recommends that in order to encourage the adoption of blockchain, CBP should strive for global data standards and protocols consistent with WCO principles that promote trade facilitation, transparency and compliance in the context of cargo entry, clearance/release and post entry review/audit processes."
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The draft recommendations come in response to the results of CBP's NAFTA/CAFTA Blockchain Proof of Concept (see 1903060043). The recommendations call for CBP to design and analyze the blockchain proofs of concept "in a manner that encourages the greatest possible number of adopters. In particular, neither technology, investment or cost should serve as a barrier to entry (do not restrict participants due to the necessary type of technology or capital)." The agency should also create a webpage focused on blockchain that addresses "the rationale for CBP’s interest in blockchain, its perceived relevancy to customs transactions and its benefits by way of both case studies (Proof of Concept) and metrics that articulate the potential return on investment," the subcommittee said. "It also should provide an avenue for individuals to pose questions and suggestions regarding CBP’s examination and consideration of blockchain technology."
CBP posted the following documents for the May 30 COAC meeting in Laredo, Texas:
Administrative
- Agenda (here)
Intelligent Enforcement
- Intelligent Enforcement Subcommittee Trade Executive Summary (here)
- AD/CVD Issue Paper (here)
- Intellectual Property Rights Issue Paper (here)
- Risk-Based Bonding Issue Paper (here)
Next Generation Facilitation
- Next Generation Facilitation Subcommittee Trade Executive Summary (here)
- Emerging Technologies Issue Paper (here)
- Emerging Technologies Draft Recommendations (here)
Secure Trade Lanes
- Secure Trade Lanes Subcommittee Executive Summary (here)
- In-Bond Issue Paper (here)
- Trusted Trader Issue Paper (here)
- Export Modernization Government Issue Paper (here)
Rapid Response
- Rapid Response Subcommittee Trade Executive Summary (here).