A Customs Entry – 1790 Philadelphia – Is It Any Different from Today’s Transactional Process?

The tech development landscape is rife with unrealized productivity gains when there is an unwillingness or lack of awareness on potential to revamp archaic processes.  I know this from talking to a number of developers over the last several years. Ladies and gentlemen we’re on the cusp of dramatic process improvement, the likes of which we haven’t seen since an…

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Open Source Standards Enable Digitization with Security and Interoperability in Trade

One estimate shows that global container shipping generates 28.5 billion paper documents a year. Yearly, paper bills of lading cost an estimated $11 billion and still only 1.2% of bills of lading were electronic by the end of 2021. Modernizing the trade industry through digitization is just one of the pain points industry stakeholders at large can agree upon. Simply…

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About Building a Better Internet

Reflection on US Legislation Proposed: H.R.3684 - Infrastructure Investment and Jobs Act Before going to Capitol Hill... Update Needed?  In a 1974 interview Arthur C. Clarke told ABC that every household in 2001 would have a computer, announcing such marvels as "you can live anywhere on earth and do your business…!" This in reality may only have just been realized…

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BLINGathon

Blockchain in Government: Show your inner Hacker! On the 13th and 14th of November, What the Hackathon will organize an international blockchain-hackathon called ‘BLINGathon’. The competitors work together in small teams to invent solutions for a wide variety of blockchain related challenges. A Hackathon is time constrained and each team will have 30 hours to find a solution for their…

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Watch: Is Blockchain the Key to Achieving Supply Chain Transparency?

Robert J. Bowman, SupplyChainBrain Paul Brody, blockchain leader with EY, describes the remarkable progress that blockchain technology has already made in the area of supply chain management, and how it must further evolve to reach its full potential. When it comes to achieving transparent and secure end-to-end tracking within supply chains, blockchain is “actually making a lot of progress,” Brody…

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The promise of smart contract adoption is held back by crypto silos

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By Dominik Schiener, Coin Telegraph, 3/29/2021 Smart contracts present one the most promising tech solutions for business, but there are still barriers that have to be addressed. The internet is buzzing over recent developments in decentralized finance, or DeFi — smart contracts are hotter than ever. You might think you missed the coronation ceremony, but smart contracts are actually used…

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CBP Goals & Objectives for Blockchain Technology – (updated 3/17/2021)

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Blockchain TechnologyBlockchain is a digital ledger that provides a secure, tamperproof and permanent record of transactions. CBP believes this technology has the potential to become a major component in the supply chain for the movement of goods and facilitation of entry into the United States. As projects are developed to assess the application of blockchain technologies, CBP focuses on these…

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CBP Making Significant Strides Towards Modernization

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On today's COAC call (3/17/2021) CBP highlighted two significant initiatives:   Legislative Reform Formally announced formation of a joint industry group - to be called the 21st Century Task Force.  The effort now being launched is to refine the 'legislative package' to address all the modernization barriers and eliminate outdated requirements to provide sufficient flexibility to achieve desired automation.  …

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The Paper Trail of a Container

Globally the process of shipping a container is very similar with efficiencies varying by port. One consistency however, is how often global trade is slowed down by the complexity of communication. In this video produced by Maersk, an illustration of this is provided where there are more than 200 documents involved in every single container shipment. An industrial PhD working…

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