CBP Set to Deploy Pipeline Blockchain Capability in Late 2024, Agency Says
CBP expects to deploy its Silicon Valley Innovation Program project on the use of blockchain for pipeline oil and gas in late 2024, the agency said in a document posted ahead of the March 29 meeting of the Commercial Customs…
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Operations Advisory Committee. The new capability, which is being developed by CBP’s Petroleum, Natural Gas and Minerals Center of Excellence and Expertise and trade modernization office alongside the DHS Silicon Valley Initiative, will use “distributed ledger-based software to qualify pipeline-borne crude oil and natural gas” for USMCA treatment, the document said. “If deployed as expected in late 2024, this will likely be the first active component of ACE 2.0,” CBP said.