On May 13, Saudi Customs witnessed the arrival of the first shipment powered blockchain technology. The cargo departed Dammam Port in Saudi Arabia bound for Rotterdam while its data and documents were handled by all parties to the shipment on a national single window, FASAH.
This is the second milestone within the pilot program launched by customs last year, in collaboration with TradeLens, aiming to transform the shipping industry in the region to become faster, more transparent and efficient in its real-time operations.
To establish the Kingdom as one of the world’s premier logistics hub we needed to create a paradigm shift in the way we handle our shipping processes and explore futuristic approaches with our peer-to-peer business ecosystem worldwide.
Read the full release on the Saudi Customs web site.
As part of its blockchain pilot program, Saudi Customs, with its IT partner, Tabadul, has overseen the integration of FASAH with TradeLens. FASAH is Saudi Arabia’s national platform which connects all government and private entities involved in cross border trade.
Jordanian Customs signs a memorandum of understanding with TradeLens to simplify customs procedures and encourage investment.