Costa Rican Customs Authority has signed up with the blockchain supply chain platform TradeLens to review containerised shipment events and transportation documents, including bills of lading.
The aim of the Customs of Costa Rica is to examine blockchain underpinned document flows for clearance processes.
Costa Rica will use information recorded within specific data fields in transportation documents in risk assessments trials with TradeLens in order to make trade easier for compliant companies doing business in the country, as well as to identify fraudulent activities.
Customs of Costa Rica also plans to share critical event information via the supply chain digital platform, making available customs releases and other critical milestones to permissioned parties.
“Collaborating with an ecosystem that already exists within the TradeLens platform allows us to review this new technology quickly and easily,” stated Gerardo Bolaños, general director of Customs of Costa Rica.
The sharing of time-critical events via TradeLens will allow importers and exporters in the Latin American country to gain access to earlier information and better plan logistic operations, according to a statement.
“TradeLens connecting to Costa Rica Customs is an essential step for us in Central America to build a platform that spurs everyone to think differently and understand how shared, permissioned data can be used to increase efficiency and drive out waste,” noted Thomas Sproat, global head of network at TradeLens.
