The Customs Department of Thailand, an agency under the country's Ministry of Finance, has turned to blockchain platform TradeLens, jointly developed by IBM and Maersk.
The initiative is to modernize trade and support Thailand 4.0 Policy, the department announced Wednesday. TradeLens will provide, "an automatic and immutable tracking tool, which will lead to a more secure, transparent, efficient and simpler workflow," said Patama Chantaruck, managing director of IBM Thailand.
Today Azerbaijan Customs joined TradeLens, the blockchain-enabled supply chain platform. With more than 100 participants on the platform today, TradeLens is already processing over ten million discrete shipping events and thousands of documents each week.
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.
TradeLens was awarded Supply Chain Transformation of the Year (Projects) by Supply Chain Asia (SCA). The award was given to the organization with innovative and transformative projects for the adoption of emerging technologies and solutions.